Penny Grabber
6 days ago
During bankruptcy proceedings, the bankrupted individual/company will have to list all assets, liabilities and income for review. This allows the courts and parties that are owed the debts to have a clear picture on they debtor's ability to pay on their defaulted obligations.
It is in the best interests of the old owners of RSHN to show the RSHN shares owned and worth very little and not liquid, as well as thrm generating little income during this period. If the RSHN common position was valued in the 100s of thousands or more, the court and parties that brought legal action against the debtor could ask the court to force a sale of the securities to pay back their debts. Being at .0002 and the total value of common being under $50,000 with very little liquidity, it shows the courts and parties who filed lawsuits it is not a viable asset for liquidation to pay down what is owed. It is my opinion that the recent filing had to be documented for the courts to review what the debtor received in the sale for the voting rights preferred A shares in RSHN. Could be wrong...but sounds right based on speculation. Considering the proceedings are still ongoing. Doubt the ticker moves higher before 2025.
Penny Grabber
3 weeks ago
It's been a month since the new CEO was appointed. So to expect a significant turnaround in 30 days when the stock and ticker has been beat down to .0001 by the old owners over the last 2 years is wishful thinking.
Thankfully, Congress is currently conducting an investigation (as well as supermarkets such as Walmart) pertaining to tainted shrimp imports that account for 40% of all shrimp being brought into the United States from foreign countries. In this instance, it is India.
Hopefully RSHN can ride the curtails of this situation and provide examples to Congress while it is being reviewed, as well as these Supermarkets such as Walmart, about the possibility of producing shrimp on a grand scale domestically.
Only 1% of all imported Shrimp is inspected in the US, vs. 50% in Europe. So the US is a target to distribute product with antibiotics, which is forbidden by the FDA here in the States.
Any sanctions or shift from India would create a massive gap in supply and demand of shrimp in America. Using the patented farming system licensed by RSHN could capture a massive amount of market share in the coming years to satisfy the needs of the American consumer while reducing reliance on foreign markets that are using poor working conditions, while violating human rights, and are shipping tainted, low quality, contaminated products that are arriving on kitchen tables across America.
RSHN could not ask for a better macro set up to succeed.
It will just take time to develop if management realizes the opportunity and follows the correct avenenues to present RSHN solutions for an ongoing problem nationwide.
***India accounts for roughly 2.5B usd annually of the shrimp imported in America.
Huggy Bear
4 weeks ago
Yet you and I and many others already know for certain, and have posted as such regularly, that the security cannot have any corporate actions approved by FINRA.
It is too sordid, and cannot be "cleaned up". In essence the shell is worthless fundamentally. No legitimate start up would move into a shell like this, same as we told that scammer clown Ashley Sweat. No change of name, no change of symbol, and most vitally no reverse split will be processed.
And the share count is already outrageous.
So yes, you are pumping the new fairy tale - I guess to try and play the Greater Fool Theory game on fresh marks who do not know any better.
BasedOnFeels
4 weeks ago
Where did they get 8 million from and when? What was given to the investors for the capital? We already know Cunha and Co want to merge RC and RSHN (via that 95 billion AS raise, that was somehow a mistake on their very first Articles Amendment.)They jumped the gun.. Double dipping.They own both RC and by way of Cunha RSHN....$$ on the acquisition and $ on being a Chairman/Director via preferred/common.
Dr Kemp is already an 'other' insider for RSHN and President of RC on OTCM. Cunha owns the control block and will prob issue some more preferred for CEO. Dont forget Anthony Brand(The co-patent-owner) is VP of Engineering at RC, Im sure he will trickle over soon... he gonna want some pie too. FINRA moves slow... the time this merger can be approved, those 19b AS are either going back up or RS'd(clause will be in there that doesnt affect insiders of course). Had Cunha bought a clean ticker, RC would have already been acquired.
Par value doesnt meant shit when lenders and insiders get shares wayyyyy lower. They could possibly do an S1 public offering @.001 to get $$ from their diehard shareholder base. 9billion shares is alot issued, but .001 is a good target to shoot for off the fluff.
BasedOnFeels
4 weeks ago
The company(Fuel Tech) and the technology device(DGI) it is trying to sell, puts out a whitepaper(Fuel Tech Study) detailing why its a great idea to have on RC's Cakeboxx made, patented shrimp containers. No bias there. But maybe it could be something if the pilot is seen by the right major seafood/shrimp companies in the US and abroad. Dr. Kemp should have some decent shrimp connections by now?
How does RSHN benefit? What are the terms of the agreement? When is the possible date of FINRA approval for corporate actions to resume? All RC discussions aside,having a license agreement with a private company still in the stages of pilot programs, seeking capital, while the fundamentals and financials of RSHN are in shambles doesnt hold much weight. The very first thought of the company to "rapid shareholder value" was to more than double the AS. So many factors to figure out here and alot of moving parts and mouths to feed. Need numbers. Need profit margins. Need share disbursement terms.Need agreement terms period. Alot of unanswered questions still.
Along4daride
1 month ago
Interesting analysis.... Good attempt, though
However, according to Natural Shrimp's website, its customers can buy 5 lbs of shrimp for $88.00, excluding s/h costs which is likely >$60).
https://naturalshrimpharvest-select.com/shop/
So, based on SHMP current pricing model, its customers will have to pay not only $17.60 per pound of shrimp, but likely an additional $60 in s/h costs. So, spreading that over, it will cost them $30.10 per pound. Feel free to call SHMP to get accurate pricing and s/h costs for 1-day and 2-day air. Very expensive overall, in my opinion.
Therefore, getting back to your analysis and assumptions, you may want to consider adjusting your "super-generous" selling price of $10/lb... to a more "realistic selling price" that the current market is already paying for to have fresh, live and never frozen shrimp......
In addition, consider factoring in Fuel Tech's Study, whereby using DGI technology, demonstrated it could substantially increased the total shrimp production (i.e., bigger bio mass, higher yield and).... faster than any competitor in the Aquaculture industry, based on a 90-day production cycle.
Note: it's important not over look the timing of these two articles.... The desert article (Dr. Kemp's estimates, June 2023) came out well before the Fuel Tech's DGI technology study concluded (press release date February 2024). Thus, one can conclude, the 600 ton estimate was not inclusive of the results of the DGI technology study. So, your analysis and assumptions falls well short (good attempt, though) of Royal's true annual profit potential. The price per pound needs to be adjusted higher and the total tons shrimp production should be a lot higher.
Read the patents. Know where the true value is. Pay attention to studies and the timing of them.
Btw, and I'm not saying you think this way, but being 'best of breed' based solely on small revenues is not how you make big money (This coming from a 'low-information "investors"' on RSHN). There's much much more to this.
Determine if the technology is scalable, profitable, sustainable, and traceable. How many shrimp production cycles a particular technology can do in a year? Is it portable? What the initial capital outlay? What is the CapEX? Is it an closed-end or open system? Of course, there are many other factors to consider and at play .... just tossing some out (dd required)... Pick the horse you want to ride on and see how far it takes you.
JoshTaeger
1 month ago
600 tons, annual presumably. Let’s be super-generous and say RC can get $10 per pound on average for all 600 tons.
600 tons x 2000 pounds x $10 a pound = $12M per year.
And let’s be super-generous and say there are ZERO costs associated with growing, processing, marketing, and selling those shrimp (completely unrealistic of course).
So, $12M in revs over 6.8B shares is 1.4 cents per share (again, excluding ALL costs)…
I personally would be very happy to sell my shares at a pps of 2 cents. Heck…even 1 cent.
Along4daride
1 month ago
Shrimp farming in the desert. From the desert of Arizona, US to the deserts like Oman, in the Middle East.... New markets and opportunities are opening with growing demand for sustainably farmed seafood.
https://www.globalseafood.org/advocate/with-growing-demand-for-sustainably-farmed-seafood-oman-tests-the-waters-with-shrimp-farming-in-the-desert/
Quotes from the above link:
Royal Caridea LLC in Gila Bend, Arizona, harvested its first shrimp in the desert in fall 2020. After reconstructing a farm in disrepair, it reinstalled electrical equipment and rebuilt the ponds before developing what it calls GEN 2 Shrimp Farming Technology. The fully patented system is a closed vertical production method with columns of open-air stacked raceways.
Shrimp are grown at a depth of around 30 cm in circulating water from a large aquifer with added salt to increase salinity. As they develop, the shrimp are transferred to the raceway below. Farming begins when the postlarvae are added to a nursery and transferred to the top raceway after 20 to 30 days, while the more mature shrimp in the lower raceways are harvested. The system can raise 35-gram shrimp in 90 days. Shrimp are sold into local markets and online by the company’s marketing division Arizona Desert Shrimp.
“A vertical raceway system enables us to produce shrimp in quantities that are 10 to 100 times higher than a pond system,” said Dr. Maurice Kemp, founder and president of Royal Caridea LLC. “We are running a synchronous production system, which means that when we move the shrimp from one raceway to another, the previous raceways are immediately restocked and the grow-out continues. In effect, it continues to cycle year-round. We also use a neutral buoyancy floating feed, which enables us to see how much is being consumed or not and prevents feed from building up. We are aiming to harvest somewhere between 550 and 600 tons when build-out at our current site is complete.”
JoshTaeger
1 month ago
Ahh…the “tech” angle….
Heard that one before. First, RSHN doesn’t own the “tech” DGI just touted. I’m not sure what “tech” RSHN actually owns, or RC for that matter.
So, now we’re talking licensing fees that RSHN would need to pay the “tech” owner(s) and subtract that from whatever revenues RSHN could generate.
Or…RSHN could buy whatever “tech” RC is using. Then the questions become: How much? With what capital? And how many more millions of shares, if not billions, will need to be sold to generate it.
Sorry to harsh your mellow
Penny Grabber
1 month ago
You could be barking up the wrong tree on how or what to value here. My understanding is the value is in the technology and the licensing of the use of that technology.
For example
A shrimp farming business in Texas generates 300,000 pounds of shrimp per year. Through a licensing agreement with RSHN, RSHN agrees with the shrimp farming business that they can use their patented platform design to increase shrimp production. The business implements the new platform and production increases from 300,000 pounds a year to 1,000,000 pounds per year. In return for the usage of RSHN's patented design, they pay a licensing fee. Either it be a one time fee, monthly, quarterly, annually, or a several year deal.
So I think the right question is....if you are the shrimp farming business generating 300,000 pounds of shrimp per year at $4 a pound and generating a top line annually of 1.2M, how much would you value/pay in a licensing fee for a new technology that would increase your production to 1,000,000 pounds and improve your top line to 4M annually?
The "arm" of which RSHN provides in this organizational structure seems more like technology company that provides that technology to aquaculture businesses, and in particular shrimp.
Another example:
McDonald's. They don't necessarily sell just hamburgers. The franchise owners do, but the company itself acts more like a landlord. It owns the land and leases the use of that land. Their menu/processes/name are licensed to the restaurant owners that sell the hamburgers. The operator of the restaurant keeps the profit the restaurant generates, and McDonald's gets their licensing fees and lease payments.
BasedOnFeels
1 month ago
Right? How do you announce a licensing deal, but no information of what the deal entailed. If it was something noteworthy, Id assume theyd put it in one their first substantial news releases... was it purchased with cash? Was it purchased with shares? What is RSHN's cut? Who is going to sell, package and distribute the shrimp? Have to wait for filings I guess, maybe the market will see it different when the juice of the deal is revealed.
RSHN is a shell now basically. It currently has no operations, and 1 board member(Dr. Kemp is now showing as "other" under OTCM). Its description is still Helios related, so its kind of confusing. RSHN was granted rights to use Royal Caridea's platform only. Will RC be a target for acquisition in the near future? I believe so, once and if they can get over the FINRA hurdle. It would setup a double payout for the RC crew upon acq and whoever is given preferred/common shares here for their role. Cunha bought RSHN and Cunha is a founding member(was CFO? as well) of Royal Caridea. I think most of the players at RC will trickle over here soon....Dr Kemp has already started in some capacity at RSHN(also is President of RC). Hopefully the filings show something good for shareholders!
Penny Grabber
1 month ago
Recent news articles written in early 2024 and late 2023 discuss the over supply from Ecuador as a cause of depressing shrimp prices. Also mentioned is the ramp up from India. It is making it very difficult for farmers to turn a profit when foreign lower quality frozen shrimp flood the markets.
With the newly licensed platform through RSHN, the system increases harvesting rates up to 7x, adding drastically to the top line. From a cost standpoint: it requires a fraction of the space, is less labor intensive while operating in a more controlled environment (reducing risk of disease and lost harvests).
For the everyday shrimp farming operations, licensing through RSHN the new technologies in the space can offset pricing pressures from foreign markets and return them to profitability while providing sustainable, local, fresh shrimp to the consumer.
BasedOnFeels
1 month ago
Where are the details of the partnerships between Royal Caridea and RSHN? Very important information.
Royal Caridea and Cakeboxx(I like this company) are 2 private companies, with no details of the partnership revealed, that is very important information.
Fuel Tech partnership? Makes sense the whitepaper(put out by Fuel Tech Inc) saying Fuel Tech's DGI product would go great on the Cakeboxx- made and engineered platform, and slap the Royal Caridea(still a private company) patent on it. Cunha owns RSHN, also is a founding member of Royal Caridea and looks like hes still involved, I could be wrong.
Alot of moving parts here. Which means alot of mouths to feed. Good thing there is 10 billion more shares to appropriate.I guess we will have to wait for the 10q/q1 filings to find out? Maybe even q2? Still alot of work to do cleaning this up. But if they can get all the moving parts aligned with some greased wheels, it can get moving, just where is a good entry to load the boat?
My guess is 2's(really good entry IMO) get tapped in a month or so if nothing substantial is addressed. Still alot of unanswered questions with RSHN, hence the hesitation of continuing volume to the upside. When does Caridea just get acquired by RSHN? I like the model of start slow and build up though, 8.7 billion OS(for now) is still alot to try and move from trips, especially when Sweat has/had the ability to convert over 400+ million common shares. Maybe something nice like share buyback would do wonders?
Penny Grabber
1 month ago
Interesting...
It appears the current method being utilized are individual ponds or tanks on sites that host the different stages of growth. As they grow, they are gathered up manually and transported from one pond to the next. The process seems labor intensive and a bit "clunky" from the videos online. There is also a need for a vast amount of space for the ponds or "tanks" for this legacy operation.
Using this platform, and based on your description, the stages of growth are sort of layered in cartridges in a way and stacked on top of eachother. The harvests are pulled out (say at the bottom), the stage to be harvest next drops down, and so forth through the stackable cartridges, and the newly created space starts a new batch to begin the process.
So it all makes sense from an operational standpoint. Not even considering the science promoting the highest growth rates.
It is basically taking a traditional legacy method in doing something and condenses it, simplifies it, stream lines it, while requiring a fraction of the space, producing at a much higher rate, in a more controlled environment.
Pretty much a no brainer for the industry (or any industry) if it can be executed properly.
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