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I am OK with him taking his time to get the right one this time. He needs to confirm that the next one will go through with it before it is announced. No maybes or head cases.
Exactly what news are you expecting?
Explain this valuation on a contract that is almost 6 months old with no financing available to fulfill its prime requirement. Outside of that, this is a company that spends $3 to earn $1. That is the business acumen you say will have no problem getting a half billion in bank loans with no assets or revenue to cover it. Include in your analysis the fact that Nate pulled the same scam with a China shipment that never ended up happening. He likes China scams because no one here can check up on them.
rockie, have you lost it? What difference does it make? There is nothing in this ticker outside of that sugar contract they have been pumping. Without that, this is a ticker that spends $3 to earn $1. That contract is all they have, and now it is pushing 6 months old. Nothing in that tweet addressed that. Try applying even a modicum of common sense to understand that you don't get a half billion in financing without similar assets to cover it if the deal goes south after that time frame. There are normal sugar exporters doing business with sugar that charge less and can deliver now with financing in place. This is a mirage and you are getting sucked in. They post about a "meeting" and you think this all done. My condolences to you here. Not the first time Nate has made up a deal in China that goes nowhere.
Why do you think they posted today? The message was that they were going to meet? What the hell have they been doing before today? It was to pump and sell shares, nothing else.
Reasonable to me. Just use common sense about that contract that needs financing. It won't happen. Trade with that in mind, IMO.
I hope you guys are selling into that BS announcement. I guess Nate and Park had some leftover shares to sell. There was not one piece of worthwhile info in there. Where is the financing?
Sorry rockie, there is no bank that will finance a half billion dollars with Park's history. Will be a sad day when that is confirmed to you. You won't be able to say you were not warned.
That "contract" was dated 5/31/23. Understand the scam about it now? Let me ask you what bank lends a half billion dollars to a man that is $4 million in debt with numerous judgements for non payments, and no assets to cover the financing?
You haven't seen anything yet, 777. When the 8k comes that there is no financing for the China deal, batten down the hatches!! Notice the operative word "When" not "If". And it will, not if, bring a CE here for false promotion and lies to investors.
Actually they are less than zero. The only business here is a bitcoin mining operation that costs $3 to generate $1 in revenue. Brilliant businessman Nate is here. And his buddy Park is $4 million in debt, has multiple judgements against him and hast lost two of the 3 restaurants in his core location in NJ. The stock is overpriced right now above the low trips.
That would be a Herculean task to name them.
It doesn't make a difference about the 120 days. No financing, no merge. No bank will lend that type of money with no assets to cover it.
As I said before with him- hear no evil, see no evil, say no evil. Will take down a lot of newbies and rockie with his posts.
Then the merge doesnt go through. Park is basically bankrupt, as his debts and judgements against him are more than his assets. A big surprise for the pumpers-banks actually look at assets and revenue to lend money. Sure he gets a half billion dollars being $4 million in debt with judgements for non payments.
Selling while pumping lies. That is what the newbies never get. When you do DD, you look behind the curtain to find the false wizard, instead of listening to the flying monkeys taking your dough.
Could be that the mention of a CE spooked the clueless promoters. Yes Folks, it can happen here. Same BS from clueless promoters prior to CE's at $HPIL and $TXTM. Both were most read tickers with false BS promoted. And there is no warning, other than from me. You wake up one morning, and the legs get cut out from under your ticker by the OTCM. You either hold forever in trips, or you sell there.
Not yet. The BS needs to develop a bit further. You just got your first taste yesterday. This is a watch right now. For those that don't know what that is, if the CE gets placed, no US brokerage will allow it to trade, except for sells. Which will be deep in trips if you can find buyers abroad. It is placed by the OTCM.
After yesterday, a CE watch needs to start. This ticker has all the elements needed starting to show.
The stock trades on the OTC, OTCM can place a CE on it if they want. And they will if there is false promotion from the company.
If that contract turns out to go nowhere, a CE gets applied here, IMO. The company used that to promote share buys, and if it is found to be BS, the OTCM will come down here hard.
Yes, rockie that is called a lie. It isn't the only one, nor the last one.
Sterling, is this the case?
"See no evil, hear no evil, speak no evil?"
Will leave the monkeys out for now.
Respectfully,
Your pal zombywolf
Sure it is. Have a bridge to sell you if you believe that. Park and crew have a habit of leaving out details. Where are pages 14 to 20 in the China contract? You post one page, you post them all. Dead givaway there is stuff there they don't want you to see. They are playing the OTC scam process to a T.
Hi Sterling. Its your new friend zombywolf, you know the one that told you yesterday that this would happen today. Care to comment on your precious 8k today?
So, anything that shows facts against your pumps is immaterial, yet posting of partial contracts, being millions in debt, facing numerous judgements, losing restaurants is great business? You have lost your way, Sir. I think when you see delay after delay coming on your precious 8k, some of this will start making sense to you.
Sterling, you cant seem to answer DIRECTLY, the fact that Park is in massive debt, has judgements against him for non payments, and two out 3 of his NJ restaurants are closed, and the one left is taking stuff off the menu. Lets try a more simple question- where are pages 14-20 of the contract he posted in the 8k? Since when, if you are posting a contract to pump, do you leave out about a third of it? You dont seem to have a problem inferring greatness from nothing releases from him, how do you explain the FACT those pages are missing? Nothing snide here to hurt your feelings, just a question from the facts in this case.
Of course Sterling is could snow in July in Florida, but based on the past, you can say with confidence it won't. Yes, the past matters. The guy is in massive debt, judgements for non payments, restaurants closing. And even that contract makes no sense. The existing exporters have been doing this since forever, with financing at half the price. This is a model for a fake promotion if I have ever seen one.
Idiot, just anybody is trying to make you believe that he is shipping 600,000 mt to China. Look up how much sugar Park has shipped before this. That is zero.
Obviously you can't DD real sugar prices. Alibaba is a guide to MAXIMUM sugar pricing in China and Brazil. We aren't dealing with the rest of the world, moron.
That sugar order doesn't even pass the smell test. The per ton resale price to the Chinese buyer is about $410 per mt, per the contract. If you just do a simple search for that grade of sugar on Alibaba from Brazil, you will see pricing less than half that for 10 mt orders, not 600,000 mt. There are Brazilian direct exporters that have been shipping sugar to China since there was sugar and don't need financing. Right, some guy that owns a couple of restaurants, is millions in debt, has numerous judgements against him, first time out of the box never exporting, gets a quarter of a billion dollar contract without financing over the experienced exporters in Brazil. Right, and I have this great bridge to sell you cheap.........
2 of his 3 restaurants in NJ are closed, including the BS Hillsborough NJ link you just provided. As usual, the pumpers DD here stinks to high heaven. And if you read some Yelp reviews on the one left, you will find he pulled a bunch of stuff off the menu, and the offerings left are fair. Looks like that one is the next to go.
There is no such thing as a verbal financing agreement, except from your Mom and Dad. You are either approved or rejected by a bank. Whoever puts out that a verbal agreement exists is a flat out liar.
Actually Sterling, I don't have a problem with you personally. I have read a lot of your stuff and have been OK with it. This time, IMO, you are going overboard with pumping that which is not in evidence. Sorry if I got a little snide, the real idiots here deserve it more than you do.
This is the most recent quote on financing from their 8k's.
"It is vital to note that, as of the present date, two key points are worth mentioning. First, no shipments have occurred under this contract due to JP Energy Group's ongoing efforts to secure the necessary financing for contract execution. Second, we currently lack specific information regarding the timing or certainty of JP Energy's ability to secure the required financial arrangements for these contracts"
Explain exactly where they state they are anywhere close to getting financing?
Link to the exact filing that proves financing is secured. The most recent 8k posted there is no financing and they have no idea if or when they will get any.
What is merging in? According to the merge docs and the state of New Jersey, the company coming in is 2 months old.
You have got to be kidding me, that is your response? Boy do you need help on this. Lets start with the company. Take a look at the merge docs. There is no company named JP Energy or JP Energy Partners or group. It is JP Energy LLC. That is a specific company that was registered in NJ in September, and that exact name is on the merge docs. This is a similar issue to what is going on over at $TXTM with fooling investors to what merged in. They pumped all this business they have in South Africa as a merge in, but they set up an alternate company created a few months prior as the real merge company with no assets of theirs inside. This is obviously a one man company setup, away from whatever operations he may have. Were you born yesterday about financing? I know peeps starting small companies that had to put up their houses, cars, bank accounts, ect to get business financing nowhere near hundreds of millions. Business financing is tougher to get because it is easy to set up, but tougher to make it go than buying houses and cars. Being massively in debt with judgements, is no big deal in financing? You have got to be kidding me, that is the first thing banks are going to look at. The contract is 5 months old is no problem, even years? You are listening to the nuts here. There are companies in Brazil that have been shipping sugar to China for years at half the price and don't need financing. This order doesn't even make sense based on that. Where are pages 14 to 20 in the pumped contract? He had no problem posting 2/3rds of it, where is the rest? How about the end of a contract being the most important part, where is it? I think you need to sit down and take a real good look at what is public here, and not making stuff up which is not.
I am curious about your DD here, Sterling. How did you miss the fact that Park is millions in debt and has numerous judgements against him for stiffing creditors? Don't you think that will affect trying to get hundreds of millions to fund those contracts? Also, what is your opinion on the fact that the sugar contract is now 5 months old with no financing in sight? And can you explain that by the State of NJ, the company named in the merge docs didn't exist prior to Sept 1 2023? You might as well answer them because I am gonna keep asking until someone worthwhile answers them. I put you in that category, BTW.
You are aware the clock started on that contract over 5 months ago. You dont know even whether the Chinese have cancelled it for non shipment under its terms.