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Sunday, November 27, 2022

NaturalShrimp Inc (OTCMKTS: SHMP) Big Reversal Off $0.087 as NSI; Leader in Fresh, Sushi Grade Shrimp Expands Facilities & Meets with Institutional Investors

NaturalShrimp Inc (OTCMKTS: SHMP) recently made a significant reversal off $0.087 after many months of decline since topping out at $0.55 in October of last year. On Tuesday SHMP topped $1 million in dollar volume and moved back over a dime on heavy accumulation from investors. Management has been busy behind the scenes recently attending the ROTH 8th Annual London Conference where NSI sat down with a variety of existing and potential institutional investors. Management also met with a qualified group of investors at the conference to discuss multiple U.K. production facilities in a joint venture business relationship.  

Earlier this year NSI filed an application to uplist from the OTCQB to the NASDAQ. The Company continues to work to complete all the necessary steps to successfully meet the requirements for listing on the NASDAQ and management correctly believes acceptance will help elevate the Company’s public profile, expand its shareholder base, improve liquidity and enhance shareholder value. NSI has built the largest U.S. shrimp indoor Recirculating Aquaculture System using the Company’s patented platform technologies and has worked to test and independently validate these technologies to support potential joint venture and licensing opportunities.   

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NaturalShrimp Inc (OTCMKTS: SHMP) mission to produce fresh, land-based gourmet-grade shrimp without the use of antibiotics, probiotics or toxic chemicals continues to build momentum. The Company boasts increasing production and sales, new developments for its Hydrogas and Electrocoagulation technologies’ independent trials, and rising interest from the investment community. SHMP is headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.  

Natural Aquatic Systems is a majority owned NSI company established in 2017 to address the growing requirement for our indoor shrimp farming capabilities for all aquatic species. In 2017, the aquatic based protein global marketplace was in excess of $175 billion. The United States is a minor aquaculture producer, ranked 16th in 2016, but it is the leading global importer of aquatic protein. By value, nearly 90 percent of the seafood we eat comes from abroad, over half of it from aquaculture. These overseas companies are government subsidized, have low labor costs, and a reduced regulatory oversight. Because of these low cost imports, the U.S. seafood trade deficit (East Asia only) has grown to $14 billion in 2016. That ideal solution for the US market is an offering that is environmentally sustainable, food safe, can be located anywhere, and is not hindered by existing super intensive production technologies and razor thin margins.

On July 3, 2022, the La Coste, Texas shrimp production facility experienced a fire that damaged the Water Treatment Plant (WTP) including the filtration equipment within the building. Fortunately, the Company has the necessary backup equipment to replace the damaged drum filters and EC equipment which will allow continued production and sales in Texas. 

Texas began selling live shrimp in late June, and Iowa has been selling since November of 2021. The initial live shrimp sales were limited in size to establish and train customers in shipping and handling procedures. The Company expects sales to increase every quarter reaching the following weekly production. 

  • Texas (40,000 sq ft, 6,000 lbs) 
  • Iowa (250,000 sq ft, 18,000 lbs) 
  • Texas expansion (80,000 sq ft, 12,000 lbs) 
  • Florida (240,000 sq ft, 36,000 lbs) 

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SHMP has ramped its sales and has significantly increased its distribution footprint in Illinois and Texas and is driving an average margin above 40%. The live haul market certainly delivers very high return, and its customers support the Company’s strategy.  SHMP is focused on key regional markets and the demand is strong. SHMP current Company projections foresee reaching $1million in cumulative sales by end of 2022. 

The Company is committed to establishing a NaturalShrimp Outlet and has identified a location of interest in the Dallas Fort Worth area. The outlet will enable it to receive and process its product for packaging and preparing shrimp for online ordering and home delivery program. The Company is currently testing packaging of heads on fresh, frozen, and cooked shrimp. We are pleased to announce that Chef Douwe Iedema will be heading up our NaturalShrimp Outlet along with offering his unique NaturalShrimp sauces and spices. In addition, NaturalShrimp Outlet would make it possible for the Company to process thousands of pounds of shrimp not only for the home, but as a distribution hub for pickup and delivery to local chefs, as well as in-person purchasing and pick up to the general public. 

SHMP recently completed a trial at the independent RAS testing center Marineholmen RASLab in Norway to evaluate how its Hydrogas and electrocoagulation technologies compared with the traditional method of using a biofilter when raising salmon. The Company is also conducting a trial in Australia later in 2022, under the direction of Christine Huynh, to use its Electrocoagulation technology to evaluate the removal of microalgae and total nitrogen in effluent water from prawn farms. Based on the results of these tests management anticipates licensing the technology for the treatment of aquaculture wastewater worldwide for additional revenue. 

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SHMP made a significant reversal off $0.087 after many months of decline since topping out at $0.55 in October of last year. On Tuesday SHMP topped $1 million in dollar volume and moved back over a dime on heavy accumulation from investors. NaturalShrimp is the leader in fresh, sushi grade shrimp utilizing its patented, commercially-operational RAS (Recirculating Aquaculture System). Shrimp is the single most consumed seafood in the world, with nine billion pounds eaten annually worth over $4 billion. Microcapdaily has been reporting on SHMP since 2018 and we covered the run it made in early 2020 to well over $0.90 per share. NSI is fully funded moving forward with a credit line exceeding $17 million. The Company is in expansion mode and is focused on up-listing its stock to the NASDAQ recently filing its initial listing application with the exchange. Microcapdialy was reporting on SHMP when it was under $0.03. We will be updating on SHMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SHMP.

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Disclosure: we hold no position in SHMP either long or short and we have not been compensated for this article.

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