is...retired
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Do you really think there will be NHMD stock after the merger? There won't be. NHMD is going away, permanently. Our shares will be renamed. Wait and watch. And during the transition, you won't be able to trade the shares at all.
And that would be? Cautious is the proper answer. Don't believe anything until it happens.
So, what happens when a reverse merger happens?
First, the stock symbol will be changed. That takes about 3 days. During that time, you can't trade the stock. The new symbol will have a 'd' on the end of it for about 30 days. What actually happens is that the TA recalls all shares, then assigns them the new symbol, along with the 'd'. After 3 days trading will commence, but it is anyone's guess what the share price will do. Many people steer clear of RM's because it can lose value fast. I've been through them, holding half my shares and selling the other half. In my case the ones I held lost value. This time, I'm holding them all, and hoping the stock turns positive. I assume with the election of new directors, and the ability to start fulfilling the order, there will be filings to that effect, which should be good for the stock. But I have doubts, and will continue to have until we see which way things go.
Apparently, no one clicked the link. Here it is spelled out.
Company Name: JP ENERGY GROUP LLC
Entity Type: NEW JERSEY DOMESTIC LIMITED-LIABILITY COMPANY
File Number: 451017383
Filing State: New Jersey (NJ)
Filing Status: Active
Filing Date: September 1, 2023
Company Age: 1 Month
Registered Agent: John Park
510 Hamilton Street
Apt 425
Somerset, NJ 08873
Mailing Address:
510 Hamilton Street
Unit 101
Somerset, NJ 08873
Governing Agency: New Jersey Division of Revenue
Read the FOUR signatures carefully. Note the company name, ending with LLC. THAT is the new company, not any of the existing jpenergy companies. And ONLY the sugar contract has been turned over to it. Hopefully the chicken paws will happen after the merger.
In the filings, it STATES that a new company was formed and that it will be the surviving company. That means Jpenergygroup LLC is the surviving company, and it is just over a month old. It currently has no business at all. The sugar contract will be its first order of business. It is a FOOD company, nothing else.
The reason for the confusion is that they play fast and loose with the company names. They use then interchangeably, which is confusing, but it is the limited liability company (LLC) that is the center of this merger.
No, I don't see your 'point'. What is it?
And your point is? I know who John Park is.
JP Energy Group LLC Information
This is the entity that is taking over Nates Food Co.
JP Energy Group, LLC
It is just a month old, and has no previous business. John Park is the only person in this company.
It is to this company that the sugar contract has been transferred from JP Energy Partners.
No, I am not. Apparently you are the confused one. Go back and reread it.
Even the new owner said no RS until 2025 UNLESS needed to uplist. the RM happens next week. The articles will likely be changed in the next month. We don't know what that will be until we see it filed.
All it takes to change the articles of incorporation is the CEO and the directors. It is THEIR document which describes the fundamentals of the company. If they wanted to, they could effect an RM at any time they choose, simply by filing for it and changing their AOI after approval.
That goes for RM, any change in AS, etc. No matter what a CEO says, he will not say there will be an RM until it has to be filed with the SEC. They don't telegraph their punches. On the other hand, the new company will NEVER get to Nasdaq or NYSE without an RM. I think I calculated that it would have to be on the order of 2000:1 to get the share price in the right ballpark. And then, the first thing that happens after any RM is people deserting the stock. That means you have to set the RM to be ABOVE the required price for uplisting, to compensate for the inevitable share price drop.
There is one other possibility:
If they process two large orders, and make enough profit, they could buy back shares. That can also only be done after a filing with the SEC, but a buyback is a much better proposition for shareholders than an RM. We will just have to wait and see.
The preferred shares is how the transfer of ownership happens. JP will have the majority of the votes, thus control of the company. It is simple really. It has nothing to do with conversions, they would not convert themself out of ownership. Jeeze!
Well, you are right, and you are wrong. Bashers don't care what the stock does, and they cannot affect the share price.
But Mm's don't care what the share price does - they make their money on the spread, so if you sell, they make money on your sell, and they make money on whoever buys those shares. They don't make money on the share price itself. Automatic buying and selling in the OTC so no one is even looking at these trades. Only computers.
The price goes up when traders buy at market. The price goes down when traders sell at market, or below. You can't buy above market, because they will give them to you are market. You can easily prove that to yourself.
You do understand that Nate will be gone in less than a month, right? All of the directors of Nate will be replaced in a few days. Nate's products will be gone. In a reverse merger, the old company is liquidated, its employees gone, and a new company emerges. Nothing of Nate's history is of any interest to anyone, now, because there is effectively no 'nates' remaining.
You don't buy and sell shares to people. You buy and sell to MM's. If you sell into an Mm's spread, the MM has to buy them, by law. And if you offer to buy within a spread, they have to sell them to you. They adjust their spread to prevent getting too many shares.
Doesn't anyone actually understand what MM's do? You couldn't trade at all without them.
Always remember: If you buy or sell based on what is written on a stock gossip board, you WILL lose money. All buys and sells should be based on what the company is actually doing, not what talking heads are saying.
No it does not. It only means that someone is selling and an MM has a spread that matches it. MM's HAVE to purchase any stock that is for sale within their spread. Has nothing to do with whether there is a buyer.
You are now on ignore so I won't be replying to any more of your drivel.
But bashers are not on their own - they work for groups of shareholders. They are the ones that manipulate the share price to drive it up or down. Not the bashers, the shareholders that band together and pay the bashers. Where do you think MOMO comes from, if the company has done exactly nothing to cause it?
No, they don't. None of the brokers let you short penny stocks. There is a reason. There is NOTHING IN IT FOR THEM. Any brokerage that permits shorting of stocks also requires a cash deposit, called a margin loan. Most of the time it is on the order of $2.50 per share. Shorting penny stocks with that much up front money to make less than a fraction of a penny per share simply makes no sense, for either the trader OR the brokerage.
If you don't believe that, TRY IT. Short 100 shares of any penny stock. You CAN'T. Not one person in over 10 years has ever come back and proven that they could short a penny stock. That's because you can't.
You are wrong about bashers. They own no stock at all. They don't intend to buy any. And they don't care which way the share price goes. All they are after is responses from shareholders. That is where they make their money. There are also paid pumpers. All THEY want is responses from shareholders.
Everyone need to lose the idea that THEY are shareholders, or wish to become shareholders. Once you understand that, you can put them on ignore and never see them again. If they bash and no one will respond, they will go away because there is nothing in it for them to just make false statements and not get paid.
It is explained in the merger filings. Those shares are what makes JPE the new owner, with the majority of votes.
We have no idea what is coming because they have not told us what is coming. There are two scenarios possible.
One, JPenergyGroup merges into Nates, JUST to become public. That would include all their energy business and food business.
Two, the food business could be spun off into Nates and not any of the energy business. That is the scenario that I think is most likely, but only time will tell.
The food part of their overall business stands out like a sore thumb considering what the rest of the business is.
Nates old business is gone. Nate will be gone too, as soon as the merger is complete.
Instead of stirring up shit, why don't you simply wait a couple weeks and see what happens? Prognostication is worthless.
The explanation is actually very simple. The contract was written to JPEnergy PARTNERS before the merger was even mentioned. That is part of their ongoing business. They are apparently spinning off the food business into Nates, and becoming a public company in the process. The Chinese want their sugar, and they are working with a familiar entity. But if the financing doesn't appear, the deal won't go through, just as they said in their filings.
Ignored.
HOW ABOUT YOU STFU ABOUT BASHERS AND TALK ABOUT THE COMPANY AND THE STOCK INSTEAD? You are about one more comment from being ignored along with all the others I've ignored because they have nothing useful to say.
The AS has not been changed in the last year. If it were, there would have to be a filing for a change in articles of incorporation.
You buy and sell based on facts, which come from filings. Any idiot that listens to a stock gossip board to determine how to trade might as well be selling bagels.
I cannot believe the idiocy on this stock message board. I have ignored at least another 35 people just since I bought in. Some of which were ignored years ago. I purge all ignores from time to time then reignore as they prove themselves ignore worthy.
Who is ignore worthy? Constant bashers, constant pumpers, and airheads that really never say anything of value. But thy have to run their gums, and I have to read it at least once. I don't want to read anything except logic about the stock itself. Too bad the mods on this board don't understand their jobs. Yes, go ahead and block my message, but at least I got it said, and it's the truth. This is the worst managed stock message board I have ever seen, in nearly 15 years of trading in the otc.
40M...
The Nate 8k of September 23 says this:
JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023. On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments."
Pretty hard to dispute what Nate told the SEC in its 8K...
The assets are the two food contracts.
Yes, they were public previously. I am not going to go look up the delisting, that is easy for anyone to find. The old ticker is JPEP. search for that and you'll find it was in business in 2016, 2017.
BUT:
Go to jpenergygroup's website:
insert-text-here
Read the dual usage of jpenergy GROUP and jpenergy PARTNERS, on the same page. They use the names interchangeably, which is what I originally stated. And, I also showed that jpenergy group was newly formed in September 2023 according to their filings. They have made a mess of their websites, but private companies can do that.
You can't know that from L2. If you want to know if the OS is changing, ask the TA - the only one that knows.
With a 3 B OS, they could get the share price from today's $0.002 to $5 with a 2500:1 reverse split. That would create an OS of 1.2M.
Share price is only one of several elements required to uplist. Both Nasdaq and NYSE have those conditions spelled out explicitly on their websites. It might make more sense to uplist into the upper tiers of the OTC which don't have the same share price requirement.
JPEnergy Partners used to be a public company. They got delisted in about 2016. Exact date can be found by searching. JPenergy Group is a brand new sub-division of JPEnergy Partners. Their web sites are totally mixed up, but it appears that what is actually happening is that JP energy Partners is dumping the food division, which is why you see the sugar and chicken paws orders. JP energy Partners will continue to exist, and THEY are the ones invested in energy. I don't believe anything except the food business is coming to 'Nates'.
That gets JPEnergy Partners out of the food business, but it is possible that they could direct more food orders to 'Nates', or Nates itself could establish new food orders.
In any event, the new company will be a food company, not an energy company. JPEnergy Group is already named as a 'food jobber' in one of the filings.
The reason the Chinese would sign a purchase order is that it was to JPEnergy PARTNERS, which is a known entity to them. In the filings, it STATES that these orders are being transferred FROM JPEnergy Partners TO JPEnergy Group.
"JP Energy Group, established in September 2023 with the purpose of fulling and executing on the contract executed by JP Energy Partners as disclosed in our 8-K filed September 21, 2023. On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments. "
Bashers go where people respond to them. They aren't shareholders, and don't know dick about the company. They simply fabricate things that they never back up to ENTICE people to respond to them. They get PAID for every response. They aren't in the stock market to make money on stock, they are there to get a guaranteed check for writing untrue statements, that some shareholders feel they have to respond to, to 'protect' the company. All they are doing is buying beer for the bashers.
MMs have absolutely nothing to do with share price. They buy when someone offers shares within their spread and they sell when someone offers to buy within their spread. They don't make money on shares, they make money on their spread. Every transaction is recorded forever, so any cheating would show up instantly. It is all computer run anyway - there are no actual people running the trading.
Another trip zero pinky. Uses NSAV's attorney and transfer agent. Like NSAV, it is all about marijuana until it isn't - now it's about 'blockchain', like NSAV. They could be twins...
Oddly, no mention of NSAV's TRUSAF...
You might want to learn what that report is about. It is NOT about shorting the stock. Besides you CAN'T short penny stocks.
Their 8K SAYS it depends on getting financing. If they don't get the financing, there is no sugar deal.