is...retired
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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.
First, a lender must be found so that JPE can buy the sugar. There may be taxes and other expenses involved. The goods are moved onto one or more ships and shipped to the buying company. At that point, the buyer pays the agreed upon amount. Then JPE pays back the lender plus interest, subtracts all the expenses involved, and what is left is profit.
A public company can't just start selling shares without public notice. Period. It can convert notes to new shares, if they are delinquent, and we are notified in the filings when that happens. We already know about the existing notes and when they mature.
To sell shares on the open market would take a 'placement', an SEC activity that puts a given number of shares into the OS at some given price point.
To see various ways to prepare chicken paws, google chicken paws recipe. That gets almost 6M hits...
It was in today's 8k, which is where everyone should look for official information.
Furthermore, we were informed that this assignment involved a newly executed agreement for Grade A frozen chicken paws in addition to the previous sugar contract. The new agreement encompasses the procurement of approximately 97,000 metric tons of chicken paws, with a total contract value of around $300 million, inclusive of all associated fees, discounts, and bonuses. The agreement also incorporates an initial trial shipment of approximately 135 metric tons. Following the successful completion of this trial shipment, the agreement outlines a schedule for the remaining 97,000 metric tons to be delivered in 12 monthly shipments.
You are jumping the gun. It is still Nates and will be until the merger closes, at earliest, 2 more weeks out.
There won't be an energy division in Nates. It isn't part of the merger.
Keep reading. The jpenergy group was STARTED last month JUST for this merger. That is WRITTEN into their reports.
Guess you don't know what a spinoff is.
Some people have trouble with reading comprehension.
It clearly states, multiple times that jpenergy partners is transferring food contracts to jpenergy group. That is TWO different companies. One involved with food, the other involved with energy.
Who is jpenergy?
They are officially jp energy partners. They were public a few years ago, but got delisted. So, they are a private company. They use jp energy group interchangeably, but according to the merger details, jp energy group is reverse merging into Nates:
Nate's Food Co. (OTC: NHMD) is excited to announce the successful execution of an agreement to acquire JP Energy Group, a Food Jobber Company."
But that company apparently is brand new - 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.
Now the chicken paws contract uses the same wording - jp energy partners is transferring the contract to jp energy group.
This all leads me to believe that jp energy partners is spinning off the food business which will be handled by jpenergy group. Nate, by the way, is the only officer left and he will be gone after the merger completes.
So, for those whose eyes are on the other businesses of Jpenergy partners, that is not part of the deal. It is food only.
Dilution happens when the OS grows. You can't possibly know if that is happening. The likelihood is that it is not happening. If you read the fins, you can find out when notes come due. That's when new shares go into the market.
I doubt that the new company will be selling pancake batter or mining bitcoins. It is a NEW COMPANY, not the old Nates.
Not the first reverse merger:
A look at the last quarterly shows the history of Nates. To that, now add the ongoing reverse merger. Pay particular attention to the 'surviving entity' bit...which will happen again when this merger is closed.
"General Overview
We were incorporated in the state of Colorado on January 12, 2000. Nate’s Food Co. is domiciled in the state of Colorado, and its corporate headquarters are located in Huntington Beach, California. On May 12, 2014, Nate’s Pancakes Inc. was incorporated in the state of Indiana. On May 19, 2014, the Company completed a reverse merger between Nate’s Pancakes, Inc and Capital Resource Alliance. Nate’s Pancakes was the surviving company. In May 2014, the Company changed its name from Capital Resource Alliance to Nate’s Food Co.
In connection with the reverse merger, we became a food manufacturing and product company, and in May 2014, we executed a licensing agreement with Nate’s Pancakes to market and sell “Nate’s Homemade”, exclusively throughout the world.
Since 2021, the Company has been engaged in “Bitcoin Mining” – i.e., the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The Company has purchased ASIC (application-specific integrated circuit) computers - computers specifically designed for cryptocurrency mining - that is being used for Bitcoin Mining. We have placed this Bitcoin Mining equipment with 3rd party datacenters or farms (often referred as a “Co-Location”) that power and operate our Bitcoin Mining equipment for a fee. We are currently generating revenues through receiving Bitcoin from our Bitcoin Mining equipment.
Our Current Business
In General. Historically, our food development division has licensed, developed and manufactured food products. Our Board of Directors determined that we cease product manufacturing and development of new products for our food development division. We are, however, continually exploring options to license our developed products, a ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. We are also exploring options on monetizing our proprietary blend of pancake and waffle dry mix. Our current product line consists of the original flavor of pancake and waffle mix and three additional flavors, Banana, Blueberry and Strawberry. The flavors can be found at www.natesfoodco.com/brands, however, are not currently for sale."
It sounds to me like they were already in the process of closing down the food development department. This may have been the early indicator of the upcoming RM.
I suspect that the new name, after the merger, will be 'jpenergy' 'something'. I doubt if pancake batter will be in the mix...😏
A note to the bashers and other doubters...
None of the filing history over the last several years means anything except those that refer to jpenergy and the OS reduction. There is a reverse merger in process. That means a non-public company is 'going public' by merging into public company (Nates). Usually, the 'old' company ceases to exist, but not always.
Perhaps none of the historical Nates business will continue to exist after the merger closes. Nates will have new management with a new direction. Read the jpenergy website to see what the new business will be.
What the stock does is anyone's guess, but John Park (the jp in jpenergy) is the new CEO and has a track record of running successful companies, and there is no reason to think this one won't be successful as well. I frankly would be surprised if the new company does not uplist in the relatively near future.
There are no shorts. Ask your brokerage.
That would be a fidelity rule. Each broker has its own rules. TDA has some wonky rules too.
There isn't just one spread. Each MM has its own spread. What you see at your brokerage is what that brokerage advertises - typically the MM that the brokerage hands off to. Here's what etrade has for now:
NHMD
NATE S FOODS CO COM
$0.0015+0.0001 (+7.14%)
Bid x Size
$0.0013 x 32,626,077
Ask x Size
$0.0015 x 19,214,547
That means they will BUY up to 32,626,077 at $0.0013
That means they will SELL up to 19,214,547 at $0.0015
That is not the only spread, it is the only one that Etrade shows.
If any trader makes a trade that falls within that window, the MM must execute the trade. And, because they are willing to buy more than they are willing to sell, they need more shares, because they anticipate higher demand and a rising price.
Those trades by those quantities are called tranches. MMs can and do change their spreads between tranches.
The OTC market is fully automatic. There are no 'rogue' MM's, because there are no people looking at the trades. It is fastest computer makes the most money. There are over 10K OTC companies, and each company has trades every day. Billions of shares are traded every day. EVERY SINGLE TRADE is recorded for all time. In order for any MM to buy any shares, there has to be a seller within the spread. By LAW, they HAVE to buy those shares. Likewise, they can't sell any shares unless there is a buyer within their spread. Then, BY LAW they HAVE to sell them. Every trade is timestamped, the number of shares trades, the seller and the buyer. MM's ARE buyers and sellers, and they are the ONLY ONES that can buy or sell your shares.
Employees of Mm's that would 'cheat' their employer would not last long, as the fines are FAR higher than what could be made cheating sub penny stocks.
So, all, GET OVER IT. The MM's are no trying to cheat you. It is buyers and sellers that change the share price, especially those that buy/sell at market. If I want to sell 10M share, it will be at a limit. MM's will take forever to fill the order because they can only buy when the selling price is within their spread. Then they HAVE to do the trade FOR THE AMOUNT STATED IN THE SPREAD. Then, they can change their spread if they want to.
Hedging my bets...
Although I still own over 100M shares of NSAV, I have just picked up 20M of NHMD. The portfolio has already increased by $6K. I wouldn't normally mention another stock, but I know a lot of folks are upside down with NSAV and I wanted to share what appears to be a gem. Read their filings, message board and see if it is for you too. Quick note - it is going through a reverse merger, the new one taking control. The new CEO is a really big deal.
While what you say may be true, you can't see any of that action. L2 only shows tranches, not whole orders.
And since every transaction is handled by MM's, your sell is an MMs buy, REGARDLESS of whether there is another buyer for it. And, MM's break up their buys and sells based on the quantity that the spread is good for. So, while you are selling an order of X amount, that may result in multiple tranches by MM's, and possibly more than one MM is involved in handling your order. It is the fastest computers that make the most money for MM's.
So counting individual buys and sells (tranches) tells you exactly nothing.
I don't know of any place to see full order processing.
If you click on 'Transactions' at your brokerage to see your order processing, it should list the buys/sells against a given order.
A recent sell I did has numerous transaction sell entries for my order , but it is all from the same order number. It took several days to complete.
Actually, even that is not true. We have no way to see what is for sale, or what is wanted to be purchased. MM's see that. We don't. What you see is partial buys/sales only. they are called tranches, and it means how much an MM will buy or sell at a time. Once that tranche is complete, they can change their spread and continue on.
If I sell 1M shares, you might see 50 sells. That is the tranches used to complete the order. You don't know that I had an order to sell 1M shares, you only know how many tranches it took to complete the order.
You can't tell what is happening by the trades you see. You don't see full trades, you see only tranches, which is the amount an MM will buy or sell at one time.
I've had traches of only 1 share at times, when buying or selling 1M shares. There might be 50 tranches to complete a single buy or sell. Look at any MM's spread...there is what they will pay for shares, what they will sell for and HOW MANY they will trade at those prices. Those are tranches, and looking at them tells you exactly nothing.
Here is the spread on Ford:
Bid: $12.02 x 12575 Ask: $12.03 x 12490
That means they will buy 12575 at 12.02 and will sell 12490 at 12.03.
By law, if an order comes in that meets their spread they HAVE to make the trade, but only for the quantity stated. Then, they can change their spread (and usually do) to make it more profitable for them.
It does not say it is a reduction in OS. Go back and read it a few times. IT DOES NOT SAY WHERE THE SHARES COME FROM.