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cableguy "We are still on track to announce our substantial sugar contract in Jan 2024 ." This is ambiguous. In my view it is hardly "our contract" since it cannot be announced yet. It looks like a potential contract.
pennyholder I did the same thing buying about 47 million shares at a pps of $ 0.0001. A few years ago I sold all those shares at a profit of about 60,000 dollars. Some weeks ago I bought about 9 million shares but have sold about 1.6 million of these shares.
RD Thanks for the clarification!
RD I need simple information. The compensation Laxmi mentions has too many details for me to act on. My understanding that there will be a remittance quarterly of 25 cents for a certain number of tokens, which in my case amounts to about 20,000 dollars, still holds good, does it not, but there will be another delay of some weeks? If that is the case I don't bother about any further compensation for the delay.
A person who states the following patent nonsense has no credibility: "Any connections to China for non-SEC reporting companies is guaranteed to be a scam." For instance there are lots of big private comåanies.
In most cases it is correct that otc is for trading and not for investing. About 90% of these tickers never become profitable. But it is simplistic to assume that this is always the case. Only time will show.
karla I am impressed to learn about your extensive experience in this field. I would think it is a serious impediment to business activities when it takes weeks to transfer money from India to other countries and when it is unpredictable when it can happen. India is growing fast and I would have expected it to be a high priority to do away with this type of impediment to growth. I too hope that we will receive our remittances before long.
jazz Your statement is nonsense! The source you base your allegation on is mistaken. I posted much more detailed information about various definitions of the float provided by another poster. A few weeks ago more than a billion shares traded!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!. That would not have happened if the float had been less than 600 million shares. It is high time to stop publisning the misleading information you provide. It has been stated here again and again.
I warn that what is stated in the following should not be relied on. I came across it in the link to a recent post. The date was January 17. It may have been a copy from a post on this board some weeks ago.
Lottalead
@lottalead
"$SPZI Good folks just need to focus on the simple math. It’s all been laid out… it’s easy to see.
Let’s review..
Simple math….
$568M in sales x 18% profit margin equals $102,240,000 profit… divide that by the outstanding 5.5B shares equals$.01859 profit per share! Multiply that by an industry standard multiple of 15 and that projects $.27/share.. on just what we know of right now!
It’s really undervalued.."
For one thing I am not aware of contracts of more than 500 million dollars. I am only aware of chicken paw contracts that have a stated value of about 300 million dolars. I have seen no sugar contract so far. (Is it assumed that a sugar contract that was referred to regarding a different company is included?)
What is way worse is the refierence to a profit margin of 18%. This was first published by Mr Park but subsequently corrected by him to gross profit margin. The net profit margin is often a low fraction of the gross profit margin. An alleged standard multiple uld behould be based on net profits and not gross profits. Taxes must be deducted before a multiple is applied. In my view the text I quote is so misleading that it should
stocksbelow1 "You show up concerned how comical it is that I’m making money! Name is up how much over the last month?" In fact it is possible to make profits of tens of milions of dollars on companies that are total swindles even if they are on NASDAQ and have audited financials by one of the leaders in the world. I bought shares in TIO at about $ 1.20 last year. In not so many weeks the pps had soared to almost $ 6! Check the facts of TIO. A closely related company with the ticker TMNA had been a total swindle for several years before the facts came to light. Check my statement about this company too. It SPZI had been a scam it might have been trading for a lomg time before the truth was revealed.
shotsky Even if your st statements may be correct I don't think they address the issue raised. You refer to something happening during a short period of time. As far as I can see what you commented on happened in the course of the whole day.
elks You are totally clueless about the float!
cableguy
Re: I-Glow post# 74266
Wednesday, January 17, 2024 5:06:14 PM
Post# of 74843
The true float are the shares held at the DTC and that is 5.1B
https://www.otcmarkets.com/stock/SPZI/security
SPZI SECURITY DETAILS
Share Structure
Market Cap Market Cap 45,616,057 01/16/2024
Authorized Shares 5,500,000,000 04/05/2023
Outstanding Shares 5,495,910,503 04/05/2023
Restricted 347,968,770 04/05/2023
Unrestricted 5,147,941,733 04/05/2023
Held at DTC 5,117,206,909 04/05/2023
stocksbelow1 The same feeling struck me. It was a waste of time to wade through the nonsense put out by most of the harping bashers.
cableguy Thanks for providing detailed information about the true float! I think this should put to rest the nonsense that it is less than a billion shares.
karla India is now the most populous country in the world. Other countries use Indian computer services to a great extent. It therefore comes as a surprise to me that in some ways India appears to be so backward that it takes weeks and weeks to transfer electronically a sum of money from India to a recipient in the USA.
The BUSINESS DESCRIPTION is well phrased in my view. It mages it easier to get an overview of the activities.
Up 20% today. It is nonsense that ir is too late to buy back shares that have been sold.
Superstition? Gaps have to be closed? I think that is nonsensical superstition.
Why is the pps down from $ 0.011 to $ 0.0083 despite good news?
Deat I predict you will turn out to be wrong. Even the gross swindle TMNA traded for a few years because the powers that be acted.
Hugie I don't agree that he is always right but he is quite knowledgeable and no moron. I don't intend to ignore him because he brings up some points that deserve being considered.
dranes I nst ignored this poster.
jdc Moronic short-term traders may not have the intellectual capacity to comprehend if this is huge news and may not be interested because the short-term effects may be limited.
I-Glow If my memory does not fail me the A/S was increased by about 300 million shares some weeks ago or there was information that this would be done.
I-Glow You are the only basher that is worth reading in my view. I agree that the float is about 5.1 billion shares. I know from other companies that it is a slow and troublesome activity to uplist.
jdc I find it reassuring that the news was not published at a strategically good time. It suggests that it is not just to boost the pps and that it is not false.
learningthetruth I think the beauty of this contract is that it may be the basis for high growh during this year and subsequent years. It may not take that long for the pps to soar to 5 cents.
Would somebody please delete post 79373. I thought I had deleted it while editing it but I forgot to check. The contents are not relevant here. It should therefore be deleted by sombody that is entitled to doing so,
janetcanada I have sent you a private message. I also have high HOPES regarding the future of this company/stock since I own more than 7 million shares.
janetcanada The word canada led me astray since English is one of the two languages of the country as fas as I know. I live across the pond (the Atlantic Ocean) and English is my second language. During the 1980s I visited Vancouver twice since I invested is several junior gold-mining companies and one company that extracted some substances from a tree living in Brazil. The substances were supposed to be able to cure some diseases.
I can tell you that quite a few citizens in the USA make some mistakes in grammar that would have been regarded as very elementary when I was a teacher for teenagers in the age range 16 - 18. A case in point would be "the dog wagged it's tail" whereas what is correct is "the dog wagged its tail". I wrote a thesis related to the satires of Alwxander Pope who lived more than 200 years ago. At my exam after 2 years of studying English only about 3% out of some 100 students got better grades than me.
I am very intrigued regarding SPZI. Some months ago I lost a few tens of thousands of dollars investing in a NASDAQ company with the ticker TIO. The financials had been audited by a firm with a name known all over the world. The business was in Nigeria. It turned out that there was no reality that matched the high revenues and profits. This experience has made me somewhat cautio
janetcanada "Who really are this People???....What are their Motive???" There is one thing about your post that makes me wonder. More than 40 years ago I used to teach youngsters English. People in the sense you use this word refers to several individuals. Therefore I would have expected a reference to THESE people.
jimr I know from other boards that what you write is worthless. i have therefore put you on ignore.
Deaf I have reduced my stake by about 1.6 million shares to about 7.4 million shares at prices between $ 0.0070 and $ 0.0097. Thus what I would lose if the pps dropped to zero would be about 5,000 dollars.
janet I am impressed when I read this a second time. It gives a very good summary of what JP has done in the past.
mzasif Here is the reason why I think you are right about being on drugs: "This will be the trend until this stock reaches $1 or even more beating the TSNP highs in my opinion." It implies a market cap of some 5.6 billion dollars. This company operates in a competitive world and is a wholesaler apart from some business in real estate. Right now it seems to have next to no net assets.
Steven If that person just states it is a scam without providing useful dd it is worthless and hardly has a good motivation. But some posters who look upon a company is a swindle and provide useful dd to support that is very valuable. This also happens. As a case in point I mention TIO which was listed on NASDAQ until the SEC sued TIO some weeks ago. It adduced some justification pointing out false information filed by TIO. You can check whether the above is true.
I suspect impatient traders don't grasp the long-term implications of the news today. I assume it takes some time to create profits in real estate.
Beijing "Do your own DD and stay the path." Few of those who read this board have the knowledge and the intellectual capacity to do their dd in a good way I think.
Xman As a person to whom the Krupp family is very well known I bought back a couple of million shares based on this piece of news. A big cannon from Krupp was instrumental in sinking the biggest German warship in the invasion the Blucher when Germany invaded Norway on April 9 1940. I have seen that cannon myself.
Simply incredible for a person with this sort of background: " "I am looking forward to assisting JP3E to achieve success through global expansion, distribution, while increasing shareholder value with the goal of achieving a multibillion-dollar valuation," said Rolf."