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Serpico Yes, we need at least quarterly filings of financials whether audited or not before we have a fair basis for assessing what is a fair pps.
Serpico "$SPZI Shareholder Network" You don't seem to be aware of the distiction between the company and the shareholders of the company. What shareholders think cannot be trusted. My view is that those numbers may be so much wishful thinking. It may be other shareholders who suggested a net profit margin of 2-3% as far as the sugar deal is concerned.
Mr Smith I agree with you regarding legal shorting. What is more interesting in my view is the possibility of naked shorting. For decades it seems to have been possible to use Canadian brokers to do that. Perhaps even more interesting is market-makers legal shorting. It is their job to short stocks to create a liquid market. It is normal for them to short when the pps rises fast and to buy back the shorted shares when the pps comes back again. But it is also possible for market-makers to manipulate or evade the rules that apply for them. Since OTC stocks generally move in the direction of becoming worthless it would make good sense to short all of them and for instance to cover the short positions after some years. Some market-makers may to some extent act that way? I have a weak recollection that the market-maker NITE some years ago did not follow the rules that exist.
jpike I sold some shares a few weeks ago to invest in SPZI which claims to be making a lot of money. It looks much cheaper to me. This company has been growing fast but it has made no money during this period of fast growth.
cootcat The pps must be up more than 1,000% to reach 4 dollars.
johne The owners see this stock! They sell it. Being able to grow revenues is nice but it is the bottom line that counts for shareholders. The bottom line this year will decide if the pps ought to soar or not.
Serpico Ironically, your links show that I am right. I did not contest the revenue numbers. Your links show no achieved net income as far as I can see. It shows a gross margin based on the past but that is a different thing from a net margin. Net income will only be known as quarterly numbers are filed.
Serpico
"$934 MILLION in REVENUE ANNOUNCED so far with NET INCOME of $96 MILLION with gross 18% and net 9%."
I think the above is not correct. I here refer to net income of $ 96 million. I believe net income is unknown at this stage. A net margin of 9% is more or less somebody*s guess I think. Moreover, about two-thirds of the revenues are related to the sugar contract as far as I remember. I think I have seen a guess that the net profit margin for this contract will be in the range of 2-3%. If you can prove me wrong with numbers coming from John Park I suggest you do so.
I agree it was good news but so far I have seen no information about what interests me - probable earnings per share this year.
ETG You may not have regarded me as a basher because I present both positive and negative points of view but some longs have. I see eye to eye with you about validating financials.
quigley If you had stated one dollar by the end of this year it would have been more credible and not just so much wishful thinking.
ETG58 I regard this as very positive and important news. It is in my view very reassuring that an auditing firm has been retained. If this company was a total scam I would not expect it to retain an auditor, which would soon enough expose the falsehoods. I am not a consistent basher. This posts proves this.
shotsky "They tell lies JUST to get responses." The moot point is whether they tell lies or truth. My view is that it may be both. I don't question that some posters tell lies. My experience based on TIO was that the bashers of that stock told the truth. You can check if I am right or not in stating that. The challenge here is that so far we don't KNOW what the real truth is. The fact that John Park has stated something does not necessarily mean that it is the truth. It could be the truth or it could be very misleading even of it is not a total lie. If you check PCTL you will find a company that has continued presenting half-truths year after year.
shotsky "I have proved that right here, where I copied the responses from three separate boards which were all the same. Think of them as whack-a-moles... " What you say may go for some bashers here but hardly for all. I checked the titles of a lot of posts by one particular basher but I did not read the content. For bashing to have an effect there must be some sort of link between the topic that is addressed and what they write. I was surprised about the variety of the titles of the posts.
shotsky We refer to different things when it comes to being right or wrong. You seem to refer to their purpose for bashing whereas I refer to what they communicate. I am far more interested in the factual value of what they state than their intentions. Even if their intentions are deplorable what at least some bashers state can be extremely valuable.I KNOW that this is the case based on my past investment in TIO. I regrettably paid far too little attention to the posts by bashers.
shotsky The way I see it bashers are wrong if they assert that companies present false information and this is not the case. They are right if companies present a largely false impression of the facts. A case in point is the related companies TMNA and TIO (now TIOG). The former does not trade any longer whereas the second is down by 99%. The latter had one of the best known auditors in the world and traded on NASDAQ. TIO had some very persistent bashers. They turned out to be very close to the truth about the company. They presented a lot of dd. The financial and audited financial information turned out to be extremely far from the truth. Allegedly there were deposits of hundreds of millions of dollars in banks whereas the truth turned out to be less than 100 dollars.
shotsky
"The very word bash means to lie." Your assertion is actually a lie. I have just checked a well-known American dictionary. It can mean to beat violently or to attack by words. To me it seems reasonable that at least most of the persistent bashers may be paid for it. But I think that some who write posts with negative content may do so for several reasons. I have written more than 18,000 posts over a period of more than 20 years. I think the majority of them are more negative than positive but I have never been paid for any of them. My basic motivation for my posts is to get more information about the company. I am aware of both positive and negative facts about the companies I comment on. When I write negative comments my intention is to see to what extent other posters can argue showing that I am wrong.
I currently own 9.1 million shares in this stock. That is a large part of my modest net worth. But I am far from sure that the bashers are not mostly right. As I have stated before I see a lot of red flags. But the reward if the bashers are wrong is so high that I am prepared to take what I regard as a very high risk when everything is based on assuming that John Park is not a swindler. I hope that the risk will be a lot lower in some months.
shotsky Thanks for providing useful information for me. It means as far as I am able to comprehend that this is just one initial step and that it may take quite some time before other types of progress come to light.
vinsterr I have read this a lot of times already! My post to you was becsuse I don't understand what it means. I assume you don't understand what it means either since you don't reply to my post but present the quote I don't understand what means. I find no new information on OTCMarkets about SPZI and no information at all about the new company ticker which has not been taken into use so far.
mahatmapaul Let's assume that the persistent bashers in this stock communicate the truth about this company. What do you think their motivations are in most cases?
Mr Smith Shorting
Do you think there is little or no shorting in OTC stocks or do you think market-makers engage in medium-term or even long-term shorting even if it is not legitimate to do the latter? The average OTC stocks drop in price over a lengthy period of time since about 90% of them never become profitable if I remember correctly. On an average it therfore pays to be short in OTC stocks.
If you think there is little or no shorting in low-priced OTC stocks why do you think many bashers are so persistent in their bashing?
vinstrr "They just got their otc access". What does this mean? I just checked the OTCMarkets website. "JP3E" is an unknown ticker. SPZI is still the ticker and the previous information is still there.
Serpico "[url]We should be at a minimum .02 right now." If we can rely on the information coming from management I agree. That is a moot point.
Poseidon Total nonsense that gaps MUST be filled. I don't trust posters that are the victims of such nonsense.
Mr Smith I am surprised the stock price held up so well despite the hesvy selling.
Mr Smith I fully see eye to eye with you. One important reason why I have not reduced my stake so far is that only a fraction of what has been projected needs to be accomplished to justify the current market cap. I don't see what John Park has gained by lying if he has. After all, he apparently owns no ordinary shares in SPZI.
shotsky My reasoning was that the history of John Park is relevant when it comes to what he as the leader of SPZI has said and done during the last three months.
X-man I think this previous reply to one your view brings up some relevant points: "SMH! There aren't any whales on the OTC.
Let's look at the Institutional Ownership :
"Institutional Ownership 0.62%"
"no doubt but, imo we shed the weak hands and it's still supporting. just keep slapping until the big whales get here."
I love the posts about weak hands - because serious investors cut their losses - but the OTC strong hands keep holding and watching their investment disappear.
First Rule of investing - never lose money - but OTC investors use the dumbest investment strategy by averaging down and lose even more money.
What you call whales - would immediately understand that the contracts are fake - just as I did along with several others. Then they would read the history of Park and RUN!"
money-maker "What history are you talking?
That's hilarious because the company JP3E is just 3 months old?"
My impression is that you don't have the intellectual capaciy to comprehend my point. My point is that there may be a big gulf between what is stated in PR's and what is communicated in filed quarterly reports. This is amply demonstrated in the case of PCTL. The logic is that we have seen no quarterly report from this company and what has been stated by John Park in PR's may turn out to be a far cry from what is subsequently published in quarterly reports. We don't KNOW if this will be the case but we don't know that it will not be the case either.
dranes "Not one thing the bashers have said is substantive to SPZI." We totally disagree. I recently read a basher post that I found quite pertinent.
shotsky My view is that it is challenging to do dd in the current situation. But there are some facts that have come to light regarding the past of John Park. A few posters have also published some relevant facts. But mostly we may trust or not trust what John Park states. Part of that information appears to be a tall order to live up to. It is therefore natural that at this stage some posters don't trust at least part of this information.
Good post nicehit!
money-maker "It's totally bullshit. Nothing is pumped. Everyone who is doing his own DD can figure that out... "
I think your post reflects a very naive stance. It is in my view naive to assume that the information coming from the company can be trusted irrespective of where it is published. You will find striking evidence of this in the ticker PCTL which has more than 200,000 posts. If you have read the PR's over the years and you then you read the subsequent quarterly reports I think most people will think that the information cannot be about the same company because it is so different. I had the chance to have almost a 10-bagger in this stock several years ago after a few weeks. I did not sell as some suggested the pps could soar to a dollar within a year. The pps is now 0.0008 dollars. There have been persistent bashers in this stock. They have proved much more correct than the pumpers. I suggest you spend a few hours studying the history of this company and this stock.
Serpico
February 22, 24
"SPZI/JP3E CEO John Park is returning from a successful trip from Brazil! Shipment dates are locked & finalized, further details to be announced. Revenues and Net Income expected within the next 3 weeks from our chicken paw contracts! Other major project announcements coming soon."
Now more than 3 weeks have passed.
Serpico If they are in the pipeline the pps should be a lot higher. The problem is that we dont KNOW that they are in the pipeline.
nicehit I agree we need those things.
I-Glow I rarely respond to the so-called bashers but I am an honest and outspoken person. You come across as an intelligent and knowledgeable person. This cannot be said about some of the pumpers. I don't know if you are paid for your posts but at least in this post you advance points of view that are worth considering. I agree that some of the contracts look dubious. It is also strange that John Park does not pay his debts as they come du if he is such a super-smart man. On the other hand, I see no good reason why he risks incarceration by coming up with a clear swindle. I will not be very surprised if the contracts represent half-truths or worse and I will not be very surprised if they are mostly true. As things stand now I still hold 9.1 million shares. If my assessment of the situation changes significantly I may sell some or all of them.
I would like to add that one hiswhy I have increased my stake recently is the property deal in cooperation with a person with an established reputation. If that had been a lie I would assume that this person would make it clear that there was no such cooperation. I assume that John Park would not regard it as in his interest to come up with a brazen lie about the cooperation.
Big I don't understand your reasoning. I would have thought that the big whales were interested in the fundamental realities and not a superficial thing such as the past history of a totally different company. Are the big whales morons?
Dear Laxmi,
Thanks a lot for all this detailed information. The gist for me as an investor is that profitability should be very good. Margins are expected to be so good that they would be good evgren if margins were significantly narrowed. A crucial point is that with good profitability growth should be very fast since much of the profits will be reinvested in rice. It is also very nice to see that two of the verticals advance the progress of each other. My bottom line is as it were: I AM VERY IMPRESSED.
RD One question I forgot to ask: When is the first purchase of rice in india expected to happen?