Penny Stocks to Watch: SHMP, PACV, PHIL, AHRO

Penny stocks often offer the potential of building significant wealth for investors in the long term. These stocks trade at discounted prices and allow investors to pick up a large number of shares for a relatively low outlay. The best way of going about it is by identifying small companies with promising businesses, strong management and long-term potential. Penny stocks are known for their volatility and investors often need to have a sufficient appetite for risks. This feature is going to provide a detailed look into some penny stocks which may be worth tracking at this point. 

NaturalShrimp Inc (OTC:SHMP) – The company offers a unique aquaculture play. NaturalShrimp Inc is based out of Dallas, Texas and is credited for having developed the first commercially viable system, which is meant for growing shrimps in enclosed saltwater systems.

The company deploys its patented technology to grow naturally grown, never frozen and fresh shrimps, which are devoid of toxic chemicals or antibiotics. NaturalShrimp’s patented and proprietary processes and solutions are targeted at hitting better water chemistry than the traditional methods used for recirculating aquaculture systems (RAS). 

Most of the RAS solutions are dependent on multiple filtration processes to remove and control the impurities in water. Such methods are costly, time-consuming, and often ineffective. The process deployed by NaturalShrimp uses electrolytic cells and electrocoagulation, which helps in generating billions of free electrons. These electrons target the impurities in the water and remove them. The process is instantaneous, which helps in treating large volumes of water quickly. The company’s patented technology is the secret sauce that makes it stand out in the aquaculture space. 

The company’s production facility is located in La Coste, Texas and its production system produces shrimp with a harvest size of 18 to 22 head on shrimp per pound in a matter of 24 weeks or less. While NaturalShrimp does purchase the post-larval shrimp, it is working on the development of its own genetic program and hatchery. That would help in maximizing growth and also in controlling the supply.

The production systems would then be designed in such a way as to produce fresh shrimp throughout the year. The company has a deal in place with Homegrown Shrimp USA Inc, through its fully owned subsidiary NaturalShrimp USA Corporation for supply of post-larvae. As per the agreement, NaturalShrimp’s facilities will be supplied with 2000000 PLs a month for 12 months. The deal had been signed in March 2023. 

The company is also looking to monetize its patented shrimp-growing technology and recently signed a licensing agreement with Niterra Co. The agreement would allow for the use of NaturalShrimp’s patented shrimp-growing technologies.

Niterra is trying to develop a sensor-enabled RAS and it also operates a research facility that is meant for advancing the technologies related to shrimp cultivation. NaturalShrimp also re-launched its online ordering home delivery website www.naturalshrimpharvest-select.com in March this year. The re-launch included a new fulfillment centre, the launch of a new cocktail sauce product and upgraded order processes. 

Pacific Ventures Group Inc (OTC: PACV) – It is a consumer focussed distribution company that deals in beverage, food and alcohol-related products. The company operates through three subsidiaries, SnoBar, Seaport Meat Company and San Diego Farmers Outlet. Through these subsidiaries, the company offers specialty groceries, high-quality proteins and other innovative products. Pacific Ventures Group sells its wares through retail, direct-to-consumer and wholesale channels. It is also involved in making investments in companies that could be on the cusp of growth.

Pacific Ventures Group provides significant attention to these companies throughout the partnership to bring about growth. The company claims to provide disciplined guidance to these companies to unlock potential. 

In March this year, the company announced that it was going to expand the number of high-quality offerings. To that end, it was revealed that Seaport Meat Company had introduced a new line of high-quality protein beef products imported from Mexico. Mexican beef is noted for its quality.

In a letter to the shareholders in the same month, Shannon Masjedi, the company’s CEO and President, noted that 2022 had been a year of progress for Pacific Ventures Group. Consumer demand for its products remained strong and that allowed the company to keep working on its expansion strategy. 

PHI Group Inc (OTC: PHIL) – The company is mainly focused on the PHILUX Global Funds, which consist of a group of Luxembourg bank funds that had been created as “Reserved Alternative Investment Fund” (“RAIF”). PHI Group is also engaged in building the Asia Diamond Exchange (ADE) in Vietnam.

The first compartment of PHILUX Global Funds is known as the ‘Philux Global Select Growth Fund’ which focuses on select growth investment opportunities in Vietnam. That includes the building of the ADE, which would follow the same model as the globally renowned diamond exchanges like the Israeli Diamond Exchange, the Antwerp Diamond Exchange, and the Dubai Diamond Exchange. 

In May PHI Group announced that it had inked a Business Cooperation Agreement with the Vietnamese joint stock company SSE Group JSC to collaborate in avenues related to energy efficiency and global greenhouse gas emissions mitigation. To that end, PHI Group would use the proprietary technologies of SSE Group.

The company has become involved in several aspects of business in Vietnam in recent times. In February, PHI Group signed an investment commitment agreement with Saigon Silicon City JSC (SSC), a Vietnamese joint stock company. PHI Group would provide the necessary capital so that SSC could complete the development of 51 hectares of land at Lots 16 and 17 at Saigon Technology Park. 

Authentic Holdings Inc (OTC: AHRO) – The fan wear and memorabilia industries present an interesting proposition to investors and a company making innovative strides in those spheres is Authentic Holdings Inc. It was established in 2004 as Global Fiber Technologies Inc and is headquartered in Somerset, New Jersey.

The company is not only involved in the creation and distribution of vinyl records to retail and online stores but also operates an NFT platform. Authentic Holdings also offers apparel technology meant for designing and creating uniforms for different industries in the United States. Its apparel technology mainly serves companies, hospitals, hotels and the military. 

Authentic Holdings completed the acquisition of Goliath Motion Pictures Promotions on June 20. It was a significant strategic move for the company since it ultimately wishes to build a major media and merchandising business. Goliath boasts of a massive catalog, which consists of more than 1500 full-length films and television shows of all genres from the 1940s to 2021. In May, Authentic Holdings provided a management update and provided details about its outlook for 2023.

One of the highlights was that the company aimed to bring about a material change in its balance by the 2nd quarter or the early days of the 3rd quarter. It would look to eliminate all convertible debt and convert $2 million worth of loans from the management into preferred stock. That measure would help the company’s balance sheet to have shareholder equity of $4 million or more.