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Sunday, April 18, 2021

RAS (Recirculating Aquaculture System); the Run on NaturalShrimp Inc (OTCMKTS: SHMP)

NaturalShrimp Inc (OTCMKTS: SHMP) is an exciting stock with a history of big moves running from pennies to highs near $1 in January 2019. Currently making moves towards $0.189 which is the price to beat for confirmation of the next leg up.

Recently NSI filed an 8k and announced its intention to up-list its stock to the NASDAQ filing its initial listing application with the NASDAQ, an important first step. While the move must be first approved by NADAQ, SHMP continues to make strides in meeting the listing criteria in the near future.

NaturalShrimp Inc (OTCMKTS: SHMP) is a publicly traded aqua-tech Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed and patented the first commercially operational RAS (Recirculating Aquaculture 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. NSI was cofounded by Gerald Easterling, Tom Untermeyer, and the late Bill Williams, pioneers in the “Closed-System Shrimp Farming” Industry.

NSI spent many years developing and commercializing a technology that will reliably produce a weekly crop of premium quality shrimp using a high degree of automation within an indoor environment. NSI has taken the EC technology and has developed a custom design specifically tailored for the aquaculture industry. NSI’s EC reactor is made up of an electrolytic cell with multiple anodes and cathodes. The standard EC system essentially consists of the reaction chamber and cells, power supply, control panel, pumps and electrical connectors all mounted on a skid. Vibrio Suppression Technology simplifies the system design by replacing the need for biofilters and “BioFloc.” Control of the water chemistry is now electronic rather than relying on populations of uncontrollable bacteria. Vibrio Suppression Technology creates higher sustainable densities, consistent production, improved growth and survival rates and improved food conversion without the use of antibiotics, probiotics or unhealthy anti-microbial chemicals. Vibrio Suppression Technology helps to exclude and suppress harmful organisms that usually destroy “BioFloc” and other enclosed technologies.

NaturalShrimp Pilot Plant is located outside of San Antonio, TX on 37 acres. The Company is replacing the 33,000 square foot Pilot Plant building that was destroyed by fire in March of 2020 with a new 40,000 square foot shrimp production facility that when completed should produce at least 3,000 pounds of shrimp per week for sale to the local market. The new facility will contain twenty 2,000-gallon nursery tanks, forty 20,000-gallon growout tanks, two 10,000-gallon settling tanks, and one 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons. In addition, NaturalShrimp has converted an existing 8,000 square foot structure to serve as a water treatment plant for the new shrimp production facility.

NSI currently has $1.1 million in the treasury has well as an $11,000,000 equity credit line with GHS Investments, LLC, allowing NSI to access additional equity capital from GHS in $500,000 tranches. In total NSI has at least $17.5 million in available capital.

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SHMP

NaturalShrimp currently purchases post-larval shrimp that are approximately ten days old (PL 10). However, NaturalShrimp is working to develop its own hatchery and genetic program to maximize growth and to control the supply and quality of PLs to each of its facilities. Each production system will be designed to produce fresh shrimp fifty-two weeks per year. Shrimp is the single most consumed seafood in the world, with nine billion pounds eaten annually and the global shrimp market is poised to grow to $4.89 billion annually by 2024 period according to a report from ResearchAndMarkets.com.

On November 24 SHMP announced it has finalized a joint venture between NaturalShrimp, Inc. and Ecoponex Systems International, LLC. This was announced in a Letter of Intent on October 12, 2020. This joint venture will utilize and combine the growing technology of NaturalShrimp with the Renewable Energy Efficient Farms (“REEF”) technology owned by Ecoponex. Ecoponex will maintain a 49% stake in the new company, with NaturalShrimp having a 51% interest. As part of the agreed upon terms of the joint venture, Ecoponex shall provide production facilities with its REEF technology for mutually approved locations based upon the cost and space estimates provided by NaturalShrimp. Additionally, Ecoponex shall contribute funding for the transaction and it shall be the sole responsibility of Ecoponex to arrange financing to fund the design, procurement, construction and startup of each NaturalShrimp growing facility approved by the managers.

“We have worked diligently towards the close of this groundbreaking relationship between NaturalShrimp and Ecoponex,” said Gerald Easterling, CEO of NaturalShrimp. “We believe our technology platform, coupled with Ecoponex’s revolutionary approach to sustainability, provides us a perfect platform for this partnership.  We will update all stakeholders as we commence this venture,” added Mr. Easterling.

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Currently on the move northbound SHMP is an exciting stock with a history of big moves running from pennies to highs near $1 in January 2019. Currently making moves towards $0.189 which is the price to beat for confirmation of the next leg up. Recently NSI filed an 8k and announced its intention to up-list its stock to the NASDAQ filing its initial listing application with the NASDAQ, an important first step. While the move must be first approved by NADAQ, SHMP continues to make strides in meeting the listing criteria in the near future. NSI is establishing itself as 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 and the global shrimp market is poised to grow to $4.89 billion annually by 2024, progressing at a CAGR of 3% during the forecast period according to a report from ResearchAndMarkets.com. 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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