is...retired
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MMs are not traders. They facilitate our trades. They do NOT compete against traders.
That was me. I actually bought 15M more, since the price was back to near what I originally paid. Now I'll just sit back and wait.
Sterling,
You wrote:
Many who are non believers in SPZI/JP3E will have a change of heart
I wrote:
They are not non belivers. And, they are not.
They care not about the company, they only want responses, you know that.
They won't have a change of heart because they don't own stock and never will. They are not traders at all. They will continue, and some will continue to respond to them. That makes them HAPPY. You do realize that they don't read the responses, right? That's why they NEVER respond back. They NEVER defend what they write BECAUSE they intentionally write stuff to get people to respond.
I did not say jdcpa1 was a basher. Bashers can be identified quite easily. Just click on their name, see how many posts they have, see how many boards they post on, etc. One I know of has 113,000 posts. At 10 posts per day, time 365 days per year, that would take 30 years. If you click on their last 50 messages, you can see exactly what they are doing. It would not make sense for any sane person to do that, UNLESS there was a profit in doing so.
I've been posting since 2017 and have less than 7000 posts. I don't bash, and I don't pump. I wait to see what companies actually do. I buy and sell accordingly. I put all bashers on ignore. I put everyone that has nothing of value to say on ignore. I put ignorant bastards on ignore. I put people that WRITE IN ALL CAPS on ignore.
In other words, I ignore everyone that doesn't do what this message board is about - discussing the company and its prospects, sensibly.
Sterling, how many times do I have to explain that they are not non-believers? They have NOTHING to do with the company or its stock. They are after responses, and their comments are INTENDED to invoke responses.
Just leave that 'non-believer' part out of your comments, because they are not non-believers, they are fishermen, looking only for your response. By saying that, you are admitting that you don't know the game they are playing, and you don't know their rules. They are winning any time you respond, because that is ALL they WANT.
All of this could have been learned by doing due diligence yourself. But since you're a beginner, here are your answers.
It is a reverse merger, meaning the old company is gone and a new one has taken over.
The ticker is all that remains, and that will be changed too, later.
Fiscal year end is 12/31, so the annual report is due within 90 days - end of March.
The company is currently alternate reporting, so don't expect much in the way of filings until the ongoing audit is completed.
And, there is NO revenue, yet.
All you need to know can be found on OTC Markets...
OTCM-SPZI
Uh, Mm's have always worked at 1 decimal place more than traders. That is how they make money. You can't place orders as if you were an MM. Jesus, get an education!
If it weren't for MM's, you could not trade at all because you would have to FIND someone to buy your shares or sell to you.
Learn how the system works instead of making absolutely foolish statements. I guess I'll have to ignore you, because you obviously have nothing of value to say. Buh-By (to your money, too. If you don't know the rules, you cannot win.)
Some of these bashers have over 100,000 posts. That is their PROFESSION. Even if they only got a dime each, that would still be $10K...a lot of money for some people.
Who in the hell cares about this whole rabbit hole? The company's address is listed at OTC Markets. If you feel the need to snoop, why don't you keep it to yourself?
I don't think mentioning them without replying causes a count. Verifiable responses to bashers absolutely initiate a count.
It is secret buy/sell groups that employ them. They are massive shareholders, and profit from the manipulation of price. Too many inexperienced traders sell at market, immediately dropping the share price, which the buy/sell groups eagerly acquire. They can AFFORD to pay the bashers because they buy at a discount caused by traders that get 'scared' by the bashers and sell out. Then all they have to do is let the stock float back to where it was to realize their profit.
Even I usually have both buys and sells set up, but at a limit. If it gets above a certain price, some is sold. If it gets below a certain price, some is purchased. That simply creates some profit in a stock that just meanders around.
You are right, he is a basher. But he is NOT upset, he is baiting you. I doubt that he owns any stock of any kind. He posts on dozens of boards and has 75,000 posts. At 10 posts per day, 365 days a year, that would take over 20 years. GET IT??? PUT BASHERS ON IGNORE. They WANT your posts!!!
He isn't upset, he is BAITING YOU, and you ARE BITING.
Bashers are not trying to get people to dump the stock. All they are doing is fishing for responses. That is their game. Idiots take them seriously and act on the bashes.
There is nothing sad about it. That's just how the OTC is. When you learn to use the ignore button, you can only see the posts that matter to you. I have more people on ignore than not on this gossip board.
The CEO isn't responsible for the bashers. That is a whole nother group, whose intent is to cause up and down opportunities for THEM to purchase/sell. They hire the bashers and pumpers, and THEY are the ones that hide from prosecution.
Simply click on any poster's name and see how many posts overall, how many boards they post on and read the last 50 or less posts. You can't be misled that way. One of our bashers has 113,000 posts. At 100 posts per day, 365 days per year, that would take over 3 years. At 10 posts per day, over 30 years. GET IT???
They are right where they want to be. In a message board where people respond to them. That is ALL they want - responses. Put them on ignore.
They are simply assuming net profit is 1/2 gross profit. Not a very good assumption, I would think, since there are ships and shipyards, all with their hands out.
I don't need to research it. Lots of pinks are alternative reporting as is SPZI. I own several. They ALL file 8K's except SPZI. I've never seen ANY other pink that has zero 8Ks. I realize the old spooz wasn't filing, but they were also basically dead. JP3E has made significant moves that should have been filed, regardless of whether others think they should have filed or not. Most companies DO, so people can do DD on them. JP3E has crickets.
We will see after the audit is done, and if they become SEC reporting. But zero 8Ks is a big red flag to me.
By March 31, we should see the annual report. And OTCM should then be updated.
I was thinking of Nates - my error...
As I was looking up the details on SPZI, it appears that they have never filed an 8K. That is concerning to me, as an 8K is required when announcing significant events for the company. A change in directors, for example, requires an 8K. There is a list of 'significant events' which require an 8K filing in the link below. I don't see how SPZI could be exempt from these filings.
SEC Form 8K Requirements
Well, you and your 900 posts earned an ignore from me. You obviously don't even understand what I said. But that's fine, I will never see another post from you. After a few thousand posts you might figure out how the system works. Or not.
Well, my thoughts are this:
If any of these public companies don't make money, they have to borrow money to keep the doors open. And if they don't make money to pay the loans back, they repay in shares. That's how the AS/OS grows so large. It is not until they go insolvent, or are purchased, or they actually begin to make money that things change. Most of them never make money, and thus just keep bloating until one of the above happens. But since we are talking here, at least, about SPZI, they appear to have a road to some profit. And, they have begun lowering the AS, have talked about uplisting, and have talked about a share buyback. That is a reversal of the trend of dilution that most of these companies are in. Not sure you really meant OTCBB, as most of this stuff is OTCPink. Higher tiers have a stock price minimum to meet, or they get delisted - to pink.
They aren't naysayers. They are only working hard to get responses. They won't respond to YOU, but YOU respond to them. Put them on ignore.
Just try to understand that they make shit up to say about any stock they are working. They do not respond, ever. The point is solely to get responses from the rest of us. They aren't shareholders and never will be. They don't trade stocks. They ridicule stocks to get people to respond. Just don't.
You can use charts for OTC stocks if you do all your driving using only your rearview mirror...
The share buyback will not happen until an 8K is filed with the exact terms of how many shares they are willing to buy, what they are willing to pay, and over what time scale. So, just wait for that 8K and then you will know.
Folks, the bashers are not trying to convince you of anything. It is not a debate. No one ever answers any comments you make. The ONLY thing they are after is your responses. Those are counted. They are not shareholders, and never will be. They don't care what the stock does. They are only here because people respond to them. Put them all on ignore, and they will find no successful fishing for responses here.
Again -- they are not interested in the STOCK. They are interested ONLY in RESPONSES.
Don't be too optimistic based on the dollar volume of the deals. Gross profit would be somewhere in the order of 18%. Net profit would probably be somewhere in the order of 2%. That's still a lot of money, but it's immaterial what the gross volume of orders is. Out of the gross profit comes the shipping and all other costs of doing business.
Not true. The broker's job is to hand off your order to Mm's and record the activity that follows. There are dozens of mm's, all with their own spread. When your order drops into the mm pool, those that have a spread that meets your order will automatically begin processing your order. There are no people involved - it is only computers, a fully automated system of trading. Brokers have absolutely nothing to do with how your order is filled, and they can't single out an mm to handle your order.
If your order is a market order, they ALL can be involved in processing it, because, as a market order, ALL of their spreads meet the requirement.
When you sell at a limit, you get what your limit is, or they don't sell. When you sell at market, you are saying 'I will take whatever you will pay.' So, the mm's sell you a quantity that is shown in their spread, then they immediately drop the bid part of their spread, and maybe up the quantity. And since you are selling at market, they just keep doing that as the price is walked down until your sell is filled.
If anyone doesn't believe that, just sell a million or two at market and watch what happens to the share price.
Simple. People are selling at market. That is a guarantee that it drops. If they sold at a limit, it wouldn't go below that limit.
OT: My ancestors migrated from Hamburg in the 1800's...
Quit whining. No one twisted your arm to buy it.
Wow! Seldom you see a baby basher. Yes, I read your posts on other boards, and recognize you for what you are. Everyone else will now know too. Ignore activated...
My thought is that the chicken paw and sugar industry already has players. It's not like this is a brand new industry. In order to get market share, JP3E will have to offer an advantage that others do not. Companies don't like change, and the best incentive for making change is to improve the bottom line. Thus, I believe JP3E will have to offer a better deal than they (sellers/buyers) already have. That, to me, means a lower profit margin, as a way to get into the market.
Ticker change to JP3E is in the works, along with an audit, updating OTCM and ongoing business activities. Hard to say what order each will be completed.
It occurs to me that when the chicken and sugar contracts are being delivered, we will have sugar ships and chicken ships...
Try to say that fast! 🤣
I think Park's statement about the 18% margin was 'loose lips', and people in this chat room jumped on it like chickens after worms. I knew immediately that an 18% profit margin was out of the question, since competitors could come in at half that and still be profitable. I still hold that net profit will be in the 1-2% range.
We will simply have to wait and see from filings what the actual net profit is. And that will be different for each business segment. Anything else is blue sky guesses.
I'll be 80 next week. Two old coots!
(Loose lips because he had no idea that people would jump all over the statement and immediately assume it was net profit.) Park is not yet wise in the ways of penny stock boards, but I bet he will be a bit more circumspect as a result of this 'slip'.
Read his profile and decide based on what he does. Yes.
Why respond to the negativity? That's what they WANT. You are playing THEIR game, and you don't have a clue about their game. The only thing they are trying to prove is that they can provoke people to respond to their negativity. Use your ignore button and you won't be incentivized to respond.
That is not all revenue. JP3E acts as a broker between seller and buyer, where the seller gets the most revenue. What is left is the percentage that is realized by the broker (and others). JP3E will have a gross profit and a net profit. The gross profit is said to be in the range of 18%, and I personally believe net profit will be on the order of 1-2%. But 2% of $600M is still $12M...and there are many more deals to come.
The diversification is amazing. And the talent is just as amazing. These folks have been getting things done for a long time, and now they turn their sights on JP3E. This should be an interesting ride. My partner and I both have 18M shares. This could be a zip code changer!
If you ignored the idiots, you would not be compelled to pay them with your responses. Don't you get it? At all? Their JOB is to spread disinformation, and YOUR
JOB is to ignore it. Do you even realize that if no one responded to them, they would move on? By JOB, I mean they get paid. One way or another, you don't post 100,000 posts on these message boards without getting paid for doing it. Yes, even MY response counts as a response to his post, since the JOB is to stir up responses, which is being successful. Bashers smile when people respond, because they profit from it. It is their ONLY motive.
Yes, of course it is. That's what I said. You left out the part where that whole deal fell through 2 months ago.
History class. Not current events.