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Texas—Natural Shrimp—Now or Never


For a 25-page report on the history and financial status of NaturalShrimp, a publically traded shrimp farm in Texas, click here.  Here are some excerpts from the report:


NaturalShrimp’s system consists of an acclimation tank, followed by a larger growout tank, where the shrimp complete a twenty-week growout cycle.  During 2016, NaturalShrimp engaged in engineering projects with third parties to further enhance its indoor production capabilities.  For example, Trane, Inc., a division of Ingersoll-Rand, is proceeding with a detailed audit to verify the capabilities of an initial Phase-1 prototype of a Trane-proposed three-tank system at the company’s La Coste, Texas, farm.  “The prototype consists of a modified electrocoagulation system for...harvesting and processing fully mature, antibiotic-free Pacific White shrimp.”  The detailed audit and design are ongoing and, once completed, will present a viable pathway to begin generating revenue and producing shrimp on a commercially viable scale.  After the design is completed, installation of the system is expected to be provided by an outside general contractor, and financing for the system is expected to be provided by an outside firm.  Once both of these factors are complete, which is estimated to be in the first quarter of 2018, NaturalShrimp thinks it would take approximately six to nine months to begin producing and shipping shrimp.


Management plans to acquire a hatchery.


NaturalShrimp has not earned any significant revenues since its inception, and it does not anticipate earning revenues in the near future.  As of September 30, 2017, it had cash and cash equivalents of $62,281 and a working capital deficiency of $3,969,650...!


 “If we are unsuccessful in obtaining the financing required to carry out these initiatives, discontinuance of operations is possible.”


Source:  NaturalShrimp: Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q).  November 14, 2017.


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