is...retired
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The share buyback will not happen until an 8K is filed with the exact terms of how many shares they are willing to buy, what they are willing to pay, and over what time scale. So, just wait for that 8K and then you will know.
Folks, the bashers are not trying to convince you of anything. It is not a debate. No one ever answers any comments you make. The ONLY thing they are after is your responses. Those are counted. They are not shareholders, and never will be. They don't care what the stock does. They are only here because people respond to them. Put them all on ignore, and they will find no successful fishing for responses here.
Again -- they are not interested in the STOCK. They are interested ONLY in RESPONSES.
Don't be too optimistic based on the dollar volume of the deals. Gross profit would be somewhere in the order of 18%. Net profit would probably be somewhere in the order of 2%. That's still a lot of money, but it's immaterial what the gross volume of orders is. Out of the gross profit comes the shipping and all other costs of doing business.
Not true. The broker's job is to hand off your order to Mm's and record the activity that follows. There are dozens of mm's, all with their own spread. When your order drops into the mm pool, those that have a spread that meets your order will automatically begin processing your order. There are no people involved - it is only computers, a fully automated system of trading. Brokers have absolutely nothing to do with how your order is filled, and they can't single out an mm to handle your order.
If your order is a market order, they ALL can be involved in processing it, because, as a market order, ALL of their spreads meet the requirement.
When you sell at a limit, you get what your limit is, or they don't sell. When you sell at market, you are saying 'I will take whatever you will pay.' So, the mm's sell you a quantity that is shown in their spread, then they immediately drop the bid part of their spread, and maybe up the quantity. And since you are selling at market, they just keep doing that as the price is walked down until your sell is filled.
If anyone doesn't believe that, just sell a million or two at market and watch what happens to the share price.
Simple. People are selling at market. That is a guarantee that it drops. If they sold at a limit, it wouldn't go below that limit.
OT: My ancestors migrated from Hamburg in the 1800's...
Quit whining. No one twisted your arm to buy it.
Wow! Seldom you see a baby basher. Yes, I read your posts on other boards, and recognize you for what you are. Everyone else will now know too. Ignore activated...
My thought is that the chicken paw and sugar industry already has players. It's not like this is a brand new industry. In order to get market share, JP3E will have to offer an advantage that others do not. Companies don't like change, and the best incentive for making change is to improve the bottom line. Thus, I believe JP3E will have to offer a better deal than they (sellers/buyers) already have. That, to me, means a lower profit margin, as a way to get into the market.
Ticker change to JP3E is in the works, along with an audit, updating OTCM and ongoing business activities. Hard to say what order each will be completed.
It occurs to me that when the chicken and sugar contracts are being delivered, we will have sugar ships and chicken ships...
Try to say that fast! 🤣
I think Park's statement about the 18% margin was 'loose lips', and people in this chat room jumped on it like chickens after worms. I knew immediately that an 18% profit margin was out of the question, since competitors could come in at half that and still be profitable. I still hold that net profit will be in the 1-2% range.
We will simply have to wait and see from filings what the actual net profit is. And that will be different for each business segment. Anything else is blue sky guesses.
I'll be 80 next week. Two old coots!
(Loose lips because he had no idea that people would jump all over the statement and immediately assume it was net profit.) Park is not yet wise in the ways of penny stock boards, but I bet he will be a bit more circumspect as a result of this 'slip'.
Read his profile and decide based on what he does. Yes.
Why respond to the negativity? That's what they WANT. You are playing THEIR game, and you don't have a clue about their game. The only thing they are trying to prove is that they can provoke people to respond to their negativity. Use your ignore button and you won't be incentivized to respond.
That is not all revenue. JP3E acts as a broker between seller and buyer, where the seller gets the most revenue. What is left is the percentage that is realized by the broker (and others). JP3E will have a gross profit and a net profit. The gross profit is said to be in the range of 18%, and I personally believe net profit will be on the order of 1-2%. But 2% of $600M is still $12M...and there are many more deals to come.
The diversification is amazing. And the talent is just as amazing. These folks have been getting things done for a long time, and now they turn their sights on JP3E. This should be an interesting ride. My partner and I both have 18M shares. This could be a zip code changer!
If you ignored the idiots, you would not be compelled to pay them with your responses. Don't you get it? At all? Their JOB is to spread disinformation, and YOUR
JOB is to ignore it. Do you even realize that if no one responded to them, they would move on? By JOB, I mean they get paid. One way or another, you don't post 100,000 posts on these message boards without getting paid for doing it. Yes, even MY response counts as a response to his post, since the JOB is to stir up responses, which is being successful. Bashers smile when people respond, because they profit from it. It is their ONLY motive.
Yes, of course it is. That's what I said. You left out the part where that whole deal fell through 2 months ago.
History class. Not current events.
The filings are with the SEC and Finra. That is the only trustworthy source we have. If there are errors, they will eventually be fixed. JP hasn't filed yet, so we can expect it all to be cleaned up when the next filing happens.
The last quarterly report says this:
Par or stated value: $0.0001
Total shares authorized:5,500,000,000 as of 9/30/23.
Total shares outstanding 5,495,710,503 as of 9/30/23.
Number of shares Public Float 4,996,796,864 of 9/30/23
People can debate that to death, but that's what they told the SEC, and until they say something different, that's what it is.
All you have to do is read the filings. There is nothing to debate.
You are the one talking nonsense. All bashers want is for you to respond, which you are doing. That's what the ignore button is for. You are FEEDING bashers by RESPONDING to them!!! Get a CLUE!!!
You don't have to google it.
Who has the time to post 16 hours a day on multiple stock boards with mostly negative comments and NOT get paid for it? It is how they make their living. Ever see one of them respond back? They don't. It isn't a debate. They KNOW they are making shit up. That is their method to get responses. Gullible people will attempt to debate them. They probably don't even see those posts - as I said, it is not a debate. They fling their shit out to see what sticks, then smile when the fish bite.
It is no myth. Go look up any of their profiles.
They post on dozens of boards, and they post 10's of thousands of posts. Their posts are all either bashes or pumps. None of them owns any stock. They are not TRADERS. They don't CARE what the company does, or if the stock price rises or falls. They are on a different mission than (us) stock traders.
They are FISHING for responses, and they FISH where the fish are biting. STOP BITING!!!
That's not how I read it, and I read quite well.
It says that they are giving them 300M shares in return for forgiving the debt (convertible or not).
It THEN says that the noteholders 'reserve' shares are to be released. My question is WHAT reserve shares? If there was a note, there were no shares. Did they have a note AND shares? Are they giving the 300M 'back'? If they have shares, WHERE did they come from?
No, they are not miserable. They smile every time they get you to respond to them. Why is it that people can't understand that they don't give a whit about the company or its stock? They have a job to do, and that job is to get people to respond to their comments. This board is full of them, and it is full of people that respond to them, and THAT is why they are here.
They don't get paid for writing shit that no one responds to. Use that ignore button - that's what it is for.
Did you even read my post? It was not about notes, AT ALL.
There is more to that 8K:
As part of this mutually beneficial agreement, the noteholder received 300,000,000 shares of common stock in exchange for forgiving the outstanding debt. This equates to an approximate value of $0.0025 per share, considering both the cash amount and the accrued interest that the company had owed.
Furthermore, as an additional component of the agreement, the noteholder has agreed to release its reserve of shares. This action will enable the Company to significantly reduce its number of authorized common shares by approximately 40%, leading to a more streamlined and efficient capital structure.
So, the question is, WHAT reserve of shares? The value of the 300M shares is $750K. Does the noteholder have OTHER shares already? Inquiring minds want to know.
Excellent - another basher exposes hisself...now ignored. Checked the posting history. and how many boards posted on - plain as the egg on your face!!
"It's essential to note that the finalization of this agreement is contingent upon the Company successfully closing a fuel deal."
So far, it has not been about anything that they have actually done, only what they say they are planning to do. Nothing to get excited about until they actually accomplish something useful.
There was no reason to file this 8K at this time. An 8K is required by the SEC for significant events. This is not an event of any kind yet.
All you managed by defending yourself is getting a basher paid. You don't have to defend yourself, you don't have to defend the company. You are responding to a basher who is smiling and collecting cash each time anyone responds. Put the fkn bashers on ignore and actually ignore them. You are playing their game, and they are winning, because it isn't about the company or you, it is about making a living getting paid for goading gullible people into responding to them.
Cmon, guys, this is not a grammar class or a facebook page. Stock talk, please. There are THOUSANDS of us out here that have to read every single off topic post JUST to find out it is off topic! STOP IT!!!
So, you managed to get the basher a payment, which is the only thing he was after. Nice job. Someday, maybe, people like you will learn to use the ignore button instead of paying the bashers by responding to them. SMH!!!
Right, and your 60K posts tell us all exactly what your motive for posting is. No real stock investor would have that many posts in their lifetime!!! So...you are not an investor, but make your money on people that respond to your drivel - like me this one time, but now you are ignored. I say this so others can see you for what you actually are. No, I don't expect an answer, because bashers never debate - they just throw shit at the wall to see who will respond.
They never had shares. They don't buy and sell shares - they, uh, write crap to get you to respond. This stock board has many bashers, and many responders. That is exactly WHY they are here. They are playing you, nothing more.
You are stupid if you think bashers are interested in the stock price. They are interested in responses, nothing else. They go where they GET responses.
All 59 posts ever, and already you are an expert on what happened in 2007!!! GREAT!! Check back in about 15 more years!
That is from 2007 - over 15 years ago. It is from before the 2008 stock crash that caused many new rules to be enacted on stocks.
There is NOTHING of value in that message, because there isn't even a way to know if it is actually true. So posting that crap from 2007 in 2024 is simply stupid. My god, if you want to be taken seriously SAY something serious, not decades before now.
One more to be ignored - stupid people, bashers, pumpers, and those that type in ALL UPPER CASE are automatically ignored by me. I don't need to read stuff that is fluff - if you can't say something intelligent, just STFU!!!
The most important thing to know about them is that they are fishing for responses only. They get paid for them. They often have over 50K posts on dozens of boards. It is ALL THEY DO. You can't debate with them because they never respond. They simply make incorrect statements to ENTICE you to respond. They don't even READ THEM. They are counted by someone, and that's how they get paid.
You can see how many boards they post on by clicking their screen name. You can also read their posts. Rest assured, NOTHING you can say will have ANY effect on them because all they WANT is you to say SOMETHING.
If everyone put them on ignore, they would go away to something that makes them money.
Shorting is not permitted on penny stocks. It would not make financial sense anyway.
Don't believe me? Ask your broker.