is...retired
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Well, you are right, and you are wrong. Bashers don't care what the stock does, and they cannot affect the share price.
But Mm's don't care what the share price does - they make their money on the spread, so if you sell, they make money on your sell, and they make money on whoever buys those shares. They don't make money on the share price itself. Automatic buying and selling in the OTC so no one is even looking at these trades. Only computers.
The price goes up when traders buy at market. The price goes down when traders sell at market, or below. You can't buy above market, because they will give them to you are market. You can easily prove that to yourself.
You do understand that Nate will be gone in less than a month, right? All of the directors of Nate will be replaced in a few days. Nate's products will be gone. In a reverse merger, the old company is liquidated, its employees gone, and a new company emerges. Nothing of Nate's history is of any interest to anyone, now, because there is effectively no 'nates' remaining.
You don't buy and sell shares to people. You buy and sell to MM's. If you sell into an Mm's spread, the MM has to buy them, by law. And if you offer to buy within a spread, they have to sell them to you. They adjust their spread to prevent getting too many shares.
Doesn't anyone actually understand what MM's do? You couldn't trade at all without them.
Always remember: If you buy or sell based on what is written on a stock gossip board, you WILL lose money. All buys and sells should be based on what the company is actually doing, not what talking heads are saying.
No it does not. It only means that someone is selling and an MM has a spread that matches it. MM's HAVE to purchase any stock that is for sale within their spread. Has nothing to do with whether there is a buyer.
You are now on ignore so I won't be replying to any more of your drivel.
But bashers are not on their own - they work for groups of shareholders. They are the ones that manipulate the share price to drive it up or down. Not the bashers, the shareholders that band together and pay the bashers. Where do you think MOMO comes from, if the company has done exactly nothing to cause it?
No, they don't. None of the brokers let you short penny stocks. There is a reason. There is NOTHING IN IT FOR THEM. Any brokerage that permits shorting of stocks also requires a cash deposit, called a margin loan. Most of the time it is on the order of $2.50 per share. Shorting penny stocks with that much up front money to make less than a fraction of a penny per share simply makes no sense, for either the trader OR the brokerage.
If you don't believe that, TRY IT. Short 100 shares of any penny stock. You CAN'T. Not one person in over 10 years has ever come back and proven that they could short a penny stock. That's because you can't.
You are wrong about bashers. They own no stock at all. They don't intend to buy any. And they don't care which way the share price goes. All they are after is responses from shareholders. That is where they make their money. There are also paid pumpers. All THEY want is responses from shareholders.
Everyone need to lose the idea that THEY are shareholders, or wish to become shareholders. Once you understand that, you can put them on ignore and never see them again. If they bash and no one will respond, they will go away because there is nothing in it for them to just make false statements and not get paid.
It is explained in the merger filings. Those shares are what makes JPE the new owner, with the majority of votes.
We have no idea what is coming because they have not told us what is coming. There are two scenarios possible.
One, JPenergyGroup merges into Nates, JUST to become public. That would include all their energy business and food business.
Two, the food business could be spun off into Nates and not any of the energy business. That is the scenario that I think is most likely, but only time will tell.
The food part of their overall business stands out like a sore thumb considering what the rest of the business is.
Nates old business is gone. Nate will be gone too, as soon as the merger is complete.
Instead of stirring up shit, why don't you simply wait a couple weeks and see what happens? Prognostication is worthless.
The explanation is actually very simple. The contract was written to JPEnergy PARTNERS before the merger was even mentioned. That is part of their ongoing business. They are apparently spinning off the food business into Nates, and becoming a public company in the process. The Chinese want their sugar, and they are working with a familiar entity. But if the financing doesn't appear, the deal won't go through, just as they said in their filings.
Ignored.
HOW ABOUT YOU STFU ABOUT BASHERS AND TALK ABOUT THE COMPANY AND THE STOCK INSTEAD? You are about one more comment from being ignored along with all the others I've ignored because they have nothing useful to say.
The AS has not been changed in the last year. If it were, there would have to be a filing for a change in articles of incorporation.
You buy and sell based on facts, which come from filings. Any idiot that listens to a stock gossip board to determine how to trade might as well be selling bagels.
I cannot believe the idiocy on this stock message board. I have ignored at least another 35 people just since I bought in. Some of which were ignored years ago. I purge all ignores from time to time then reignore as they prove themselves ignore worthy.
Who is ignore worthy? Constant bashers, constant pumpers, and airheads that really never say anything of value. But thy have to run their gums, and I have to read it at least once. I don't want to read anything except logic about the stock itself. Too bad the mods on this board don't understand their jobs. Yes, go ahead and block my message, but at least I got it said, and it's the truth. This is the worst managed stock message board I have ever seen, in nearly 15 years of trading in the otc.
40M...
The Nate 8k of September 23 says this:
JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023. On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments."
Pretty hard to dispute what Nate told the SEC in its 8K...
The assets are the two food contracts.
Yes, they were public previously. I am not going to go look up the delisting, that is easy for anyone to find. The old ticker is JPEP. search for that and you'll find it was in business in 2016, 2017.
BUT:
Go to jpenergygroup's website:
insert-text-here
Read the dual usage of jpenergy GROUP and jpenergy PARTNERS, on the same page. They use the names interchangeably, which is what I originally stated. And, I also showed that jpenergy group was newly formed in September 2023 according to their filings. They have made a mess of their websites, but private companies can do that.
You can't know that from L2. If you want to know if the OS is changing, ask the TA - the only one that knows.
With a 3 B OS, they could get the share price from today's $0.002 to $5 with a 2500:1 reverse split. That would create an OS of 1.2M.
Share price is only one of several elements required to uplist. Both Nasdaq and NYSE have those conditions spelled out explicitly on their websites. It might make more sense to uplist into the upper tiers of the OTC which don't have the same share price requirement.
JPEnergy Partners used to be a public company. They got delisted in about 2016. Exact date can be found by searching. JPenergy Group is a brand new sub-division of JPEnergy Partners. Their web sites are totally mixed up, but it appears that what is actually happening is that JP energy Partners is dumping the food division, which is why you see the sugar and chicken paws orders. JP energy Partners will continue to exist, and THEY are the ones invested in energy. I don't believe anything except the food business is coming to 'Nates'.
That gets JPEnergy Partners out of the food business, but it is possible that they could direct more food orders to 'Nates', or Nates itself could establish new food orders.
In any event, the new company will be a food company, not an energy company. JPEnergy Group is already named as a 'food jobber' in one of the filings.
The reason the Chinese would sign a purchase order is that it was to JPEnergy PARTNERS, which is a known entity to them. In the filings, it STATES that these orders are being transferred FROM JPEnergy Partners TO JPEnergy Group.
"JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023. On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments. "
Bashers go where people respond to them. They aren't shareholders, and don't know dick about the company. They simply fabricate things that they never back up to ENTICE people to respond to them. They get PAID for every response. They aren't in the stock market to make money on stock, they are there to get a guaranteed check for writing untrue statements, that some shareholders feel they have to respond to, to 'protect' the company. All they are doing is buying beer for the bashers.
MMs have absolutely nothing to do with share price. They buy when someone offers shares within their spread and they sell when someone offers to buy within their spread. They don't make money on shares, they make money on their spread. Every transaction is recorded forever, so any cheating would show up instantly. It is all computer run anyway - there are no actual people running the trading.
Another trip zero pinky. Uses NSAV's attorney and transfer agent. Like NSAV, it is all about marijuana until it isn't - now it's about 'blockchain', like NSAV. They could be twins...
Oddly, no mention of NSAV's TRUSAF...
You might want to learn what that report is about. It is NOT about shorting the stock. Besides you CAN'T short penny stocks.
Their 8K SAYS it depends on getting financing. If they don't get the financing, there is no sugar deal.
First, a lender must be found so that JPE can buy the sugar. There may be taxes and other expenses involved. The goods are moved onto one or more ships and shipped to the buying company. At that point, the buyer pays the agreed upon amount. Then JPE pays back the lender plus interest, subtracts all the expenses involved, and what is left is profit.
A public company can't just start selling shares without public notice. Period. It can convert notes to new shares, if they are delinquent, and we are notified in the filings when that happens. We already know about the existing notes and when they mature.
To sell shares on the open market would take a 'placement', an SEC activity that puts a given number of shares into the OS at some given price point.
To see various ways to prepare chicken paws, google chicken paws recipe. That gets almost 6M hits...
It was in today's 8k, which is where everyone should look for official information.
Furthermore, we were informed that this assignment involved a newly executed agreement for Grade A frozen chicken paws in addition to the previous sugar contract. The new agreement encompasses the procurement of approximately 97,000 metric tons of chicken paws, with a total contract value of around $300 million, inclusive of all associated fees, discounts, and bonuses. The agreement also incorporates an initial trial shipment of approximately 135 metric tons. Following the successful completion of this trial shipment, the agreement outlines a schedule for the remaining 97,000 metric tons to be delivered in 12 monthly shipments.
You are jumping the gun. It is still Nates and will be until the merger closes, at earliest, 2 more weeks out.
There won't be an energy division in Nates. It isn't part of the merger.
Keep reading. The jpenergy group was STARTED last month JUST for this merger. That is WRITTEN into their reports.
Guess you don't know what a spinoff is.
Some people have trouble with reading comprehension.
It clearly states, multiple times that jpenergy partners is transferring food contracts to jpenergy group. That is TWO different companies. One involved with food, the other involved with energy.
Who is jpenergy?
They are officially jp energy partners. They were public a few years ago, but got delisted. So, they are a private company. They use jp energy group interchangeably, but according to the merger details, jp energy group is reverse merging into Nates:
Nate's Food Co. (OTC: NHMD) is excited to announce the successful execution of an agreement to acquire JP Energy Group, a Food Jobber Company."
But that company apparently is brand new - JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023.
Now the chicken paws contract uses the same wording - jp energy partners is transferring the contract to jp energy group.
This all leads me to believe that jp energy partners is spinning off the food business which will be handled by jpenergy group. Nate, by the way, is the only officer left and he will be gone after the merger completes.
So, for those whose eyes are on the other businesses of Jpenergy partners, that is not part of the deal. It is food only.
Dilution happens when the OS grows. You can't possibly know if that is happening. The likelihood is that it is not happening. If you read the fins, you can find out when notes come due. That's when new shares go into the market.
I doubt that the new company will be selling pancake batter or mining bitcoins. It is a NEW COMPANY, not the old Nates.