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stervc I think you make many good points. A topic that is very rarely addressed is why pays the bashers if they are paid and for what purpose. How important are short positions in this context?
nicehit I think too that these deals are complex. I rather find it reassuring that it takes time to finalize a deal. I find it sspicious if there are a serious of deals that are published one after the other within a short space of time.
chum The sugar contract that was supposed to come by the end of January did not come. We should be truthful when that does not serve the interests of the pumpers too. Truthfulness enhances credibility, lying undermines credibility.
learningthetruth You present a false statement as far as I can see about a sugar contract! Your proof relates to "NATE’S FOOD CO". SPZI has no relation to that company. Moreover, SPZI referred in recent information to talks in Brazil about a sugar contract, which suggests that a possible sugar contract may be signed in the future. Stop lying!
The float has been more than 5 billion for more than a decade.
shotsky Because I am uncertain about the credibility of this company I decided to reduce risk by selling about 3 million shares reducing my stake to 4.5 million shares. 'the money was switched to SMCI that has a market cap of about 34 billion dollars. So far my stake has jumped 25% in value whereas my stake in SPZI is down almost 20% in the meantime. This was mostly luck and not wisdom.
shotsky I think it is naive to trust all filings. I have in the past mentioned NASDAQ-listed TIO where the filings presented totally false information despite the fact that the auditor was Deloitte - well known all over the world as far as I know.
learningthetruth
Who came up with the ties? It has been debated for weeks what the float is - either 576 million or almost 10 times that number. I have claimed several times that the latter is the case. This view has been opposed by people I had the impression were longs. There may have been two reasons. OTCMarket had a stupid mistake claiming that the former was the right number for the float. At the same time it provided a DTC (?) number that was almost 10 times as high. The motivation of the longs was I guess that the lower the float is the wilder the swings in the pps, which is the ideal situation for traders. My impression is therefore that longs are largely repsonsible for the wrong idea about the float. As fas as I remember at least an active basher has stated that the float was more than five million shares. The truth will out I guess.
Very encouraging news Laxmi!
dranes I don 't know his motivation but my impression is that he documents his information. Posters may disagree on how important that information is.
RD Then I have misunderstood. I got the impression that it was the only alternative from reading the text. If I receive the cash I can spend it on a potential tax charge. Thanks for removing my wrong interpretation!
jdc Who cares what you think?
jdc I totally disagree that he posts bullshit. He posts facts that are relevant for the pps in my view.
Roemp Thanks! To me it seems how uncertain how much responsibility he has for the facts you have documented.
Dranes That was my impression too.
Roemp Does John Park own this property or is he only associated with it, possibly having some responsibility for the way it is run?
Dear Laxmi It is not important for me to get a quick reply. What is important that I have a valid basis for my actions. For instance I sold some high-risk American shares very recently and bought shares that are less risky for about 30,000 dollars in case I have to pay a big wealth tax this summer. I could not risk that this value had evaporated before summer. This was my real motivation.
RD I rceived the e-mail without a problem. It raises some issues that I think should be addressed in a public place since I may not be the only person who is very disappointed. A hope now is that only three verticals have tokens that were supposed to have a commercial value of 10 dollars each at the turn of the year.
Dear Laxmi,
I am extremely disappointed to learn that there will be no cash remittance as promised. RD stated not long ago that there would be such a remittance and I had the impression that it would happen by the middle of March at least. To me it is hell to envisage dealing with tokens. I therefore have one question for you. Can you find somebody that is willing to buy the tokens that replace the cash rtemittance for at least half the amount of money I had been promised and that you will remit that sum of money to me? 50% would be about 10,000 dollars to be remitted to me. If you cannot it suggests that the tokens are worth a lot less than the sum of money that was supposed to be remitted.
If you stick to the idea that the tokens in 3 verticals are worth 10 dollars each I may have to pay a wealth tax a of a bit less than 25,000 dollars. If that value goes for more than 3 verticals the sum will accrease accordingly. I have altogether staked about 50,000 dollars in your companies. The return the way you run your business be another 25,000 dollars in a wealth tax which would seem to be based on undocumented value and no cash remittance and tokens that are of no value to me since I can't handle them.
I am happy with the news today because it in my view enhances the credibility of the company by engaging what seems to be competent people. I am interested in long-term investment. But the pps is down more than 10% from the high. I guess the reason is that short-term traders dominate this stock and they had expected news about contracts that would have made the pps soar short-term so that they could have sold shares at a nice profit.
My impression based on my memory is that the sharecount is about 60 million shares. Thus about 25% of the outstanding shares seem to have traded today. This seems to me to be about 10 times what is reasonable to expect. The wild swings in the pps recently makes me think that this stock trades like otc stocks with a stock price that is less than 10% of a cent. But the pps is in the thousands of dollars. How come?
shotsky What I find a bit hard to understand is the reason for paying the bashers and why they act that way? Is acting in this way worth what is paid to the bashers? I would have thought that some bashers deserve being paid a good deal more than others. Is that so in practice?
Thanks for useful information RD!
Halkid The is correct because the prededing word is the identity of the person I reply to. I forget if there should always be a comma after "The other day,...". But I wrote leadung because I hit the wrong key.
gary Shame on me! I did not proofread this time either. There were two alternatives, either using and as you suggested or using the preposition in as I did but that required -ing after the coming verb. There are various types of mistakes. Some are due to ignorance some are due to being sloppy.
love The other day I noticed a pumper who bashed bashers for their imcompetence when it comes to writing correct English. I wanted to demonstrate that this goes for a leadung pumper too.
gary I did not write the word you refer to. I copied a text but I made a mistake in started the copied text a letter later than I ought to have done. I should have proofread the text before it was posted.
learningthetruth Where did you get your deficient education? Evidence that it is deficient: "OHN PARK is taking this Massive company JP 3E and all it's conglomerates into this shell." It should have been its conglomerates. This is a very elementary mistake.
"to good to be true" It should have been too good to be true.
shotsky I agree that they write crap but a few of them also include points that are relevant when it comes to where the pps ought to be. Some pumpers regaard me as a basher from time to time I suspect. Generally my intention is not to move the pps short-term. I am interested in the companies as a basis for making up my opinion on where the pps should be. I also oppose some posts with which I disagree irrespective of the pps.
Truthteller "It is amazing to me how utterly uneducated people are about this. Look at how they spell and their grammar." What you assert may go for some of the bashers but it also goes for some of the pumpers in my view. What has surprised me for years is how many Amerricans there are who do not know the use of "it's". It is ONLY an abbreviation of "It is". It is a gross mistake to write "The dog wagged i's tail".
I-glow strikes me as being a more intelligent and knowledgeable person than a lot of those who have pumped this stock. I guess many of them have already sold their shares and post no longer.
4gh Thanks for your nice comments regarding my posts on SPZI. My agenda generally is to try to find the truth since I regard the truth as a useful basis for investment decisions.
elmasry I am too very happy with Amerirade. People are very helpful.
elmasry It is nonsense that TD Ameritrade is now Schwab. It is owned by Schwab. Apart from that there is no difference in the way Ameritrade operates that I have noticed. It is my impression that these two brokers don't operate the same way and have identical ways of dealing with their customers.
"Company made the bashers look smart but letting it fall to these levels" Nonsense in my view. A company does not control the stock price. It appears that the market attaches less and less importance to the steady stream of good news coming. The bashers were probably smarter than those who predicted a pps by the end of this week of 2 cents. Perhaps the market wants to see financials before good numbers are credited the company?
This has suddenly become a slow board when the more obtuse bashers are ignored. Is it because the pps right now is down 20%?
jdc We were told to expect a sugar contract before the end of January - just a few more days to go now.
RD I like it very much. It looks both artistic and very dynamic at the same time. Last summer I wrote more than 90 love poems inspired by a middle-aged woman. The title may be "Love? The feelings I genuinely experience and my reflections on them." I expect to send what I have written to a publisher in a few days.
Vika I bought my first shares in ITUP at a little more than 5 dollars and saw the pps jump to about 13 dollars atmost. I am familiar with the things you refer to - missing financials for several years being the most protracted. I believe this time that there have been substantial sales of assets in India. His problem is now that he has not made sure that he has not made sure that there is sufficient money in the USA to pay for expenses as they occur. Brinkmanship may have dire consequences. I have read a good deal of what Laxmi has written. To me he comes across as super intelligent and creative. My view is that it was worth the risk to invest in his companies even if the end result is not good. I have what I need materially in my life. Investment in his businesses have given me hope and excitement at least.
"👀2 ***OTCQB Up-list:
📍***Adding to this, there’s an OTCQB up-list in the works as SPZI moves to engage a PCAOB auditor, with no plans for a reverse split. They’ve also clarified that there are no convertible notes or intentions to establish them, eliminating the need for additional financing."
It is a bit ironic that today there seems to have been an otc "downlist" according to OTCMarket. I have published what this means in a previous post.
Vika I admit you raise some valid issues. I have not seen any tokens and I have not as far as I am aware of received any documentatio that I own any so far. I expect to receive such documentation later this Spring and a valuation of them. If I don't receive such information I will not be able to inform tax authorities about them. But I have received documentation regarding the 100 000 shares I paid 15,000 dollars for. They were largely the basis for all the tokens i paid one cent per token for. I expect them to be real and have real value. Since they are digital I cannot have them in my hand.
You refer to my biography. Actually I wrote my self-biography about 12 years ago. I converted 25.000 dollars to 2.2 million dollars in 3-4 years by extremely successful investments about 40 years ago. I go for high risk/high reward. About 6 weeks ago I bought 9 million shares in SPZI at an average pps of $ 0.0015. I have sold half of them and have the rest for free and I have 15,000 dollars in cash that I invested in AMCI. I am hardly a moron. I have two master degrees in a European country, one of them being in law. Three percent of the candidates obtained better grades than I did.