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Dear Laxmi,
I would like to add that for the sake of fairness those who have so big value in their digital wallets that they feel a need to have the risk reduced by having more than ome of them should pay a fair fee for the extra digital wallets based on the cost of creating them. This should be paid in advance. Thereby this option would not affect other option holders or your organisation negatively in a financial way.
One thing to consider for both Laxmi and his people and all owners of the tokens:
I googled utan issue when it comes to the risk of having high value in one digital wallet. Digital wallets are very vulnerable and if the private key is somehow lost all value in the digital wallet is lost. I made a very quick google search to see if it is possible to circumvent this risk. Here is a quick comment I found (it is expatiated but I cite only the conclusion: "Bottom line
Use at least 4 wallets: one for managing day-to-day transactions on a centralized exchange, one for hooking up to DeFi, and two for storing larger amounts of crypto in cold storage either on a hardware device or a vault.
Avoid storing significant amounts of crypto on a mobile device or in one particular wallet."
Of course the same goes for tokens as for crypto because they are based on the same technology. In our case one option would be to have a digital wallet for every vertical, or even two if the value is for instance more than a million dollars. Doing this would entail a bit more work for both parties but it seems an obvious choice to me when a lot of money is involved.
money-maker For me it is not proof enough. But I assume there is a certain chance that there is some positive substance underpinning the news.
Serpico How does the market react to this huge news? Up 2% today at the moment. Why? Sell on news? No big pop in volume of trading either.
money-maker News that may not be true is no proof. I know from PCTL that news may be extremely misleading and may go on for years.
money-maker Can you prove that it is not a bluff? I have seen no proof of anything John Park has asserted.
Thanks RD!
irish Do you remember it was stated months ago that work on the land would begin a few days later. Since then I have seen no update on that work. This makes me wonder if it was all a bluff.
RD I don't and I prefer not to have that access at this stage. I guess access also means the private key. If I somehow lose the private key I have the impression that I also lose the value of the tokens in the digital wallet.
KAD "He could raise the A/S by billions in order to give himself some equity to finance projects. Dumping shares into the O/S would dilute and drive the PPS down." I think your statement is correct. But why do you harp on the fact that the O/S is almost the same as the number of authorized shares and try to convey the impression that this is a big problem???? You very clearly have an agenda - you are not an objective poster.
Well put KAD: "IMO Park is a giant gas bag who tries to ride the coattails of other people's projects like this one and the Stelantis plant in Kokomo, IN. He implies he's somehow a part of these multi-million/ billion dollar projects owned and operated by others. He knows gullible pumpers will run amok by filling in the blanks he has created and extrapolating massive gains from them."
Dear Laxmi,
Thanks for addressing in some detail a question I raised. I find the information you provide very encouraging. I have tried to analyse some numbers and it strikes me that it is crucial how fast investors are buying the 20 million units (tokens) that will be offered since this is the basis for buying rice in India. I understand how it will be very rewarding for those who buy these tokens for 27 dollars per token if all the tokens are sold. It is some sort of virtuous circle. But if only a fraction of them were to be sold it will be way less rewarding to buy them.
I don't plan to sell my tokens during the first few months but it seems wise to sell some before the end of this year to enable me to pay a substantial wealth tax based on the value of my warrants at the end of this year. The private key in digital wallets is very vulnerable. If I were to lose it before I have acquired the cash to pay the wealth tax next year I might be in great financial trouble.
Xman My point is that SPZI did not pay anything for those assets. Those who owned shares in SPZI for instance at the beginning of December last year have not paid anything for the new assets Mr Park donated to SPZI.
KAD "GIVE HIM A RING BOYS....LET US KNOW IF ANYONE ANSWERS!!!!"
Why don't you do it yourself? You seem have an agenda here and it would be useful for you in your arguing if there is no answer.
nicehit At least we agree that time will tell.
Vika I have investments in normal shares as well. Right now they are worth about 110,000 dollars. I am not rich at all (if my tokens are more or less worthless) and live in an appoartment of about 40 m2 that I don't own. Anyway, I am 81 years and according to my will what I own when I die will help teenage girls in Nigeria by providing information about contraception.
RD My calculation has been that I am supposed to own about 84,000 thousand tokens in each vertical because I paid in cash corresponding to about 754,000 tokens. I don't see how you arrive at a number that is about 50% higher. If I don't misunderstand the 27 dollars per token is similar to a situation where a stock is launched on the NYSE at for instance 10 dollars per share. That is based on a valuation of the stock and normally it starts trading at a certain premium. But subsequently the pps is free to move anywhere based on market sentiment. Is t his a fair analogy?
Thanks for the information Laxmi! Does this mean that I don't have any RISO tokens in my digital wallet after all? If I have more than 80,000 RISO tokens will it in some weeks be possible to sell them for 27 dollars a token (which seems hard to believe for me) or what price can be expected but not guaranteed in the current circumstances? I think it is quite important to have this cleared up since there has been a dramatic change in plans as far as the RISO tokens are concerned at least.
nicehot We don't KNOW at this stage if this company is a scam or not. I own 1.9 million shares and hope it is not. But there are a lot of red flags and I will not be surprividsed at all if it turns out to be a scam. One red flag is the following: Park has not provided what I regard as a convincing reason for transferring all his assets to the shareholders of SPZI free of charge. Nex to nobody acts that way.
irish You may have your own idiosyncratic definition of a global leader. There is so far no evidence that the sugar etc that has been referred to has actually been transported from Brazil to China.
RD I have a question regarding the two series of tokens. Recently there has been some information about a valuation of 27 dollars per token which I assume relates to the other series than the one we are owners own. Our series are utility tokens? The value of our tokens will of course more or less depend on the success of the other series of tokens but they have no fixed value. The owners of the other series of tokens will receive two-thirds of the profits genereated plus a certain interest rate whereas our series of tokens will receive one third of the profits and a certain charge based on administrative services performed. Have I misunderstood anything or is all the information we have received about the two series of tokens valid no longer?
gshores "Parks has a muti-billion dollar business" What is your basis for that assertion? Months ago it was pointed out with links that he does not even to pay his debts as they fall due.
irish Do you think it is a global leader????? It is beside the point that there are many global leaders.
nicehit "
Most likely close at .01 today." Wrong, it is down even more than when I wrote my post. One interpretation is that a lot of posters assume this company is a scam. They don't care because it is a good stock for trading.
irish Is the following true or a lie???? "JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors." A global leader??? "innovative approach to optimizing trade processes and solutions across numerous sectors"??? It looks as if the stock market has come to realize that this is a big bluff as the pps is down almost 10% from its high today.
dranes You are the hypocrite who refers to Jesus at the same time that you appear to endorse lies to make money. I am no Christian. It is your attitude that is at a great variance with being a Christian. I am delighted that I don't stoop to your ethical standard.
dranes You refer to Jesus. What is your attitude to the liar John Park about his company being a world leader in certain fields? As long as you make money lying is ok?
jdcpa1 Is the following true or a lie? "JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors."
Totally ridiculous statements: "JP3E is a global leader in commodity trading, known for its innovative approach to optimizing trade processes and solutions across numerous sectors. With a commitment to sustainability and market leadership, JP3E continues to drive new trends and solutions in global commodity markets."
KAM "HOW THE HELL IS THIS SCAM GONNA FINANCE ANYTHING WITH LESS THAN $1K WORTH OF STOCK LEFT????" Your credibility is sapped by posting such nonsense. Is it impossible to increase the number of increasing the number of authorized shares??????
RD Do you know what clearing means exactly in this context? For instance who is to do the clearing?
In my view this stock trades in a ridiculous way. The O/S is about 31 million shares. Today almost 2.2 million shares have traded. This enormously high level of trading happens day after day. The prospective p/e ratio appears to be about 11 (eps of about 3 dollars this year). Revenues were up about 43 percent last year and earnings way more. Why is that so many holders of this stock wamt out?
irish Is it not relevant when a change of control is achieved by what could be construed as an act of crime because the person doing it has been forbidden by the powers that be from doing that type of act?
DISCORD | English meaning - Cambridge Dictionary
Discord is a noun that means disagreement or lack of harmony between people, or a group of musical notes that sound unpleasant together.
irish Yours is one of the most absurd posts I have read for a long time considering the following facts. "By the way, do you contest the facts?)
"Randall Goulding was forbidden by the SEC to have anything to do with any publicly traded company per this ORDER dated 12/20/2022 https://www.sec.gov/files/litigation/litreleases/2022/order25601.pdf
ONE YEAR AND 6 DAYS LATER he apparently violated that order by making OFFICIAL FILINGS on behalf of SPOOZE with the Secretary of State.
CLEARLY he is still acting as an authorized control person of SPOOZE as recently as 12/26/2023 despite not being named as such in official filings. Authorities might just want to know exactly WTF is going on with that and what his involvement is."
money-maker The filing by that criminal was made at the end of December 2023!!!!!!!!!!!!!!!!!!!!! It is time posters take this connection between SPZI and a criminal seriously.
gosox These reputable people is an important reason why I am still in this stock. Recently I have made a substantial investment in a NASDAQ stock that does not seem risky to me because the p/e ratio is only about 15, expected growth in earnings this year almost 30% and net profit margin about 13%. I will give the ticker in a private post.
gosox Sensible comments in my view. I would be surprised if these contracts are real. I still own almost 2 million shares and therefore hope they are real.
Imindog Does anybody believe you considering your negative posts?
I agree with the views posted by karlacom3 and aandt.