Certified moron
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His companies are insanely rich...yet Spooz is broke? How does that work?
How long to audit two broke companies with no revenues or assets? Old and new Spooz..both branded by OTC as empty ''shell risks.''
BASHERS DIDN'T TAKE THIS DOWN...PARKS FINANCIALS DID!!!
Even some pumpers started trying to lower expectations by saying "wait till Q2." When Q1 didn't appear first thing on the 15th the sell off began. When it hit after hours and people read it the "reverse run" dump-a-thon continued
Signs someone might be just making financials up---Examples:
Favorite endings--Triple Zeroes
Advance Payments 100,000
Loans to Officers 25,000
Total Other Current Assets 125,000
Long term Loans Receivable 50,000
Other Expenses 8,000
Loss on disposal of assets 8,000
Accounts Receivable 50,000
Favorite endings--the "Fabulous 50's"
Short-Term Business Loans 604,950
Commissions & fees 4,050
Rent 2,250
Amazing how all those complicated entries wind up in nice round numbers! Park is supposedly an MBA and he names William Tynan as "accountant/ consultant." Maybe those are signals to auditors they really don't know exact amounts so they just pull a number out of their butt. Word has it that the IRS is starting to use AI to flag patterns of made up numbers.
Whaddaya bet Park ain't even filed paperwork yet
Just another of John "fake it till ya make it" Park's PR pigs festooned with costume jewelry, lipstick, eye lashes, makeup and perfume.... all part of his EB-5 visa schemes. Here's what the program consists of. Basically it grants visas, green cards and eventually full US citizenship to foreigners who make over $1 million in investments here that create at least 10 jobs. https://www.uscis.gov/working-in-the-united-states/permanent-workers/eb-5-immigrant-investor-program
As anyone can see, it's administered under the US CITIZENSHIP & IMMIGRATION SERVICES which happens to be one of several entities (Border Patrol etc) under the Department of Homeland Security umbrella. Park chose to hype the DHS instead of CIS in order to make his PR's sound more official. The Secretary of Homeland Security (whom MAGA nuts recently tried to impeach and failed) is part of the president's cabinet and reports directly to him. So I'm a bit surprised Park didn't claim his deals were endorsed by BIDEN.
Long scam short-- it sounds like Park signs all these grandiose deals which are utterly contingent on HIM generating the financing for them. In his case that means using OPM (other people's money). Here's a classic wherein he claimed his "EB5 $355 Million Project that raised $125 Million" (check out paragraph 5). FYI news reports in February say the ATC "Agricultural Technology Campus in South Carolina sent him packing "months" before then. Of course Sterling hyped this on Oct 12 when Park was hustling NATES https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173006248
I'm referring to expenses incurred in Q1. When Park attempts to write them off --if he's still around at tax time-- is beside the point. At this rate he's on track to spend $1 million on travel this year
Down -40% in less than 3 days. Ask the bagholders that were suckered by pumpers into buying at .027 their definition of a bloodbath
You can't write off Q2 travel in Q1
But Qatar just happened..not in Q1
Loans to officers--$25,000..Travel expenses--$292,000 in Q1??!!!! WTF...private jet?? Five star hotels? Company cars? He better have receipts and proof it was 100% business related. And you can't write off the cost of taking your wife along just because she wants to tag along......
BS supplemental just posted...trying to stop the bloodbath. More ''stalling and lulling'' IMO. Panic move. He could have put it in yesterday's disclosure. Why believe him now??? https://www.otcmarkets.com/otcapi/company/financial-report/402832/content
Park apparently got busted on his lie about his headquarters being on 5th Avenue in NYC and deleted it.
TIM-BERRRRRRRRR
Scam tickers traffic in fairy tales and lies. All they want is a story to dupe the greedy and gullible.
NO ASSETS MEANS THE ''SHELL RISK'' WARNING STAYS.
https://www.otcmarkets.com/glossary#shell-risk
All official filings are here https://www.otcmarkets.com/ Type in the stock symbol and hit enter. Click the ''disclosure'' link/ tab. Other tabs give important information as well. Here's the direct link to the Q1
https://www.otcmarkets.com/otcapi/company/financial-report/402674/content
Knowing how to access important information is critical. Ihub has some instructional resources in the.FAQ and other links at the bottom of every page.
Doesn't matter...it appears on OTC as well as plenty of other places. Ya know..if you're not going to make good on promises it's not a great idea to spam the Internet with your BS across dozens of other PR sites. LMAO
Why a REVERSE SPLIT is likely IMO
#1. Neither Park nor his 3 directors supposedly own ANY common OR preferred shares (page 6)
https://www.otcmarkets.com/otcapi/company/financial-report/402674/content
#2. There are only 89,497 authorized shares left to issue out of 5.8 BILLION. Their value as of today is $895!! At some point tons of shares will be required to reward management and finance operations.
#3. A reverse split would likely wipe out every old bagholder here and allow management to achieve the number of cheap shares they want and need.
#4. Park has proven once again his history of failing to make good on his promises. So any prior promise of "no reverse split" is just as worthless IMO.
When will a R/S happen?
Hard to say. On 2/8/24 Park issued 285,000,000 restricted shares valued at .001 ($285k) in exchange for the recipients preferred shares. On 3/26/24 he issued 19,000,000 restricted shares valued at .0068 in exchange for $130k "cash." Those two issuances alone total 304 million of the 367 restricted shares.Maybe those two were smart enough to legally hog tie him from pulling a R/S until they're able to unload their shares. However, in my experience, sweetheart deals are often secretly carved out for such people before a R/S.
Calling on abusive AWOL pumper James "JDCPA1" to step forth and do his CPA autopsy on these fins.
Oh but I'm sure Q2 will be different!
"CIG TERMINATED"==EB-5 VISAS KOKOMO SCAMS KA-BLOOEY AS WELL??!!!
Park announced that scam on 1/19/24 knowing others would hype the crap out of it---
https://www.otcmarkets.com/stock/SPZI/news/SPZI-JP-3E-Holdings-Inc-Secures-US-Department-of-Homeland-Security-EB-5-Program-and-Procures-the-Acquisition-of-CIG-Inte?id=427835
SO THERE GOES ALL THOSE HUNDREDS OF MILLIONS IN FUNDING AND PARTNERSHIP WITH (*cough cough*) "HOMELAND SECURITY" FOR THESE BOGUS PROJECTS---
* Agriculture Technology Campus (“ATC”) in Early Branch, South Carolina (local news said the project cut ties with his scam months ago but he still kept hyping it) https://www.otcmarkets.com/stock/SPZI/news/SPZI-JP-3E-Holdings-Inc-Secures-US-Department-of-Homeland-Security-EB-5-Program-and-Procures-the-Acquisition-of-CIG-Inte?id=427835
* KOKOMO GONE TOO??? Where's the "23 million" Park said
Also, neither the KOKOMO TOWNHOUSES/ APARTMENTS or the name ROCKY SINGH are ever mentioned in this disclosure!!!
JP3E "subsidiaries" page "ERROR 404--"The page you are looking for can not be found
https://www.jp3e.com/subsidiaries
Sanitizing underway
Q2's due August 15th...4-1/2 months away. Bagholders willing to hold Park's saggy, sweaty, hairy sack till then?
Today's low ''.0001"???
Park is REQUIRED to file Q1 by the date specified or risk a tier downgrade to ''YIELD.'' He simply can't wait till he has something positive to post.
IMO Park knew what the response would be if there was nothing under the Q1 Christmas tree this morning. He's got till midnight to make all the crying, snotty nosed pumper children's dreams of sugary chicken feet come true.
Because Q1 is due today and it's not been published yet. Nor is there a request for a 5 day extension. MBA/ former CFO of delisted Renavotio Inc John Park is either playing a game of chicken feet to spook people into dumping or he' incompetent.
The day isn't over so he might slither a filling in until the wire. Place yet bets.
Not concerned at all. I identify myself as a "critic" of the actions, inactions, or histories of management of public companies by posting verifiable DD gleaned from independent public sources. Whether that is interpreted by pumpers or others as being unduly "harsh" or as an vengeful "opponent" of any management is not my problem.
Verifiable DD is what it is. It either supports or questions the activity of management. Yet 99% of the replies to what I post contain ZERO independent, verifiable evidence to refute them (FYI- merely re-posting the claims of management isn't verifiable DD). Instead what I and other critics are met with are an avalanche of lazy accusations that we're "paid bashers." I work for no one and have zero liability for the opinions I express based on the info I uncover.
Websters: Basher (noun): "a harsh critic or opponent."
There is nothing illegal whatsoever in being a "harsh critic or opponent" of the actions, inactions, or histories of management of public companies by posting verifiable DD gleaned from independent public sources.
MORE $$$$$$$$$$'s PLEASE!!!!
LMAO
The only money ''made'' has been selling shares to a ''greater fool.''
Everyone loves being right...it's that simple. I detest con men and enjoy exposing them. I happen to think this ticker is likely fronted by one. Time will tell.