$SHMP Fire Sale...unfortunately literally. Ceo re
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Posted On: 03/18/2020 7:14:10 PM
$SHMP Fire Sale...unfortunately literally. Ceo release news of fire burning down main building and 1.5 mil shrimp gone. Very sorry to hear as they are a great company and have a great system and future. Good time to buy and hold as we watch them rise and grow (shrimp). God be with ya lads!
NaturalShrimp, Inc. CEO Issues Letter to Shareholders.
POSTED: Mar, 18 2020
Dallas, Texas, March 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — NaturalShrimp, Inc. (SHMP), the aquaculture company that has developed and patented the first commercially-operational RAS for shrimp has issued the following letter to shareholders from its CEO Gerald Easterling:
Dear Fellow Shareholders,
As many of you are now aware, our shrimp family has been dealt a blow in already uncertain times. We are sad to report this morning that a fire has destroyed the main building at our La Coste, TX facility. The main building housed our nursery, grow-out tanks, and EC machinery. Luckily, the fire did not affect our offices, greenhouse, or maintenance buildings. It is believed at this time that the fire was caused by a natural gas leak near the boiler room. The fire marshal is conducting an investigation and we will report the findings when they become available.
The future of Natural Shrimp, Inc remains very bright. We believe the insurance proceeds will assist the company to reconstruct a newer, state of the art building in which to house our tanks and equipment. Our shrimp, which numbered approximately 1.5M PL’s, were growing on schedule and were extremely healthy. Our equipment and new tanks were operating efficiently and as we had expected. All of our subsidiary initiatives continue to do well and we expect to announce the status of those initiatives shortly.
We appreciate the support we continue to receive and are looking forward to better days ahead.
We will continue to keep everyone updated via our website https://naturalshrimp.com. Please utilize the website for information as we will be updating the site with the latest news. Thanks again for your continued support as we work through this event.
Sincerely,
Gerald Easterling
CEO
NaturalShrimp, Inc. CEO Issues Letter to Shareholders.
POSTED: Mar, 18 2020
Dallas, Texas, March 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — NaturalShrimp, Inc. (SHMP), the aquaculture company that has developed and patented the first commercially-operational RAS for shrimp has issued the following letter to shareholders from its CEO Gerald Easterling:
Dear Fellow Shareholders,
As many of you are now aware, our shrimp family has been dealt a blow in already uncertain times. We are sad to report this morning that a fire has destroyed the main building at our La Coste, TX facility. The main building housed our nursery, grow-out tanks, and EC machinery. Luckily, the fire did not affect our offices, greenhouse, or maintenance buildings. It is believed at this time that the fire was caused by a natural gas leak near the boiler room. The fire marshal is conducting an investigation and we will report the findings when they become available.
The future of Natural Shrimp, Inc remains very bright. We believe the insurance proceeds will assist the company to reconstruct a newer, state of the art building in which to house our tanks and equipment. Our shrimp, which numbered approximately 1.5M PL’s, were growing on schedule and were extremely healthy. Our equipment and new tanks were operating efficiently and as we had expected. All of our subsidiary initiatives continue to do well and we expect to announce the status of those initiatives shortly.
We appreciate the support we continue to receive and are looking forward to better days ahead.
We will continue to keep everyone updated via our website https://naturalshrimp.com. Please utilize the website for information as we will be updating the site with the latest news. Thanks again for your continued support as we work through this event.
Sincerely,
Gerald Easterling
CEO
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Anything I write is pure gibberish...perhaps thought provoking and fun...but investment advice??? I don't think so.