is...retired
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The filings are with the SEC and Finra. That is the only trustworthy source we have. If there are errors, they will eventually be fixed. JP hasn't filed yet, so we can expect it all to be cleaned up when the next filing happens.
The last quarterly report says this:
Par or stated value: $0.0001
Total shares authorized:5,500,000,000 as of 9/30/23.
Total shares outstanding 5,495,710,503 as of 9/30/23.
Number of shares Public Float 4,996,796,864 of 9/30/23
People can debate that to death, but that's what they told the SEC, and until they say something different, that's what it is.
All you have to do is read the filings. There is nothing to debate.
You are the one talking nonsense. All bashers want is for you to respond, which you are doing. That's what the ignore button is for. You are FEEDING bashers by RESPONDING to them!!! Get a CLUE!!!
You don't have to google it.
Who has the time to post 16 hours a day on multiple stock boards with mostly negative comments and NOT get paid for it? It is how they make their living. Ever see one of them respond back? They don't. It isn't a debate. They KNOW they are making shit up. That is their method to get responses. Gullible people will attempt to debate them. They probably don't even see those posts - as I said, it is not a debate. They fling their shit out to see what sticks, then smile when the fish bite.
It is no myth. Go look up any of their profiles.
They post on dozens of boards, and they post 10's of thousands of posts. Their posts are all either bashes or pumps. None of them owns any stock. They are not TRADERS. They don't CARE what the company does, or if the stock price rises or falls. They are on a different mission than (us) stock traders.
They are FISHING for responses, and they FISH where the fish are biting. STOP BITING!!!
That's not how I read it, and I read quite well.
It says that they are giving them 300M shares in return for forgiving the debt (convertible or not).
It THEN says that the noteholders 'reserve' shares are to be released. My question is WHAT reserve shares? If there was a note, there were no shares. Did they have a note AND shares? Are they giving the 300M 'back'? If they have shares, WHERE did they come from?
No, they are not miserable. They smile every time they get you to respond to them. Why is it that people can't understand that they don't give a whit about the company or its stock? They have a job to do, and that job is to get people to respond to their comments. This board is full of them, and it is full of people that respond to them, and THAT is why they are here.
They don't get paid for writing shit that no one responds to. Use that ignore button - that's what it is for.
Did you even read my post? It was not about notes, AT ALL.
There is more to that 8K:
As part of this mutually beneficial agreement, the noteholder received 300,000,000 shares of common stock in exchange for forgiving the outstanding debt. This equates to an approximate value of $0.0025 per share, considering both the cash amount and the accrued interest that the company had owed.
Furthermore, as an additional component of the agreement, the noteholder has agreed to release its reserve of shares. This action will enable the Company to significantly reduce its number of authorized common shares by approximately 40%, leading to a more streamlined and efficient capital structure.
So, the question is, WHAT reserve of shares? The value of the 300M shares is $750K. Does the noteholder have OTHER shares already? Inquiring minds want to know.
Excellent - another basher exposes hisself...now ignored. Checked the posting history. and how many boards posted on - plain as the egg on your face!!
"It's essential to note that the finalization of this agreement is contingent upon the Company successfully closing a fuel deal."
So far, it has not been about anything that they have actually done, only what they say they are planning to do. Nothing to get excited about until they actually accomplish something useful.
There was no reason to file this 8K at this time. An 8K is required by the SEC for significant events. This is not an event of any kind yet.
All you managed by defending yourself is getting a basher paid. You don't have to defend yourself, you don't have to defend the company. You are responding to a basher who is smiling and collecting cash each time anyone responds. Put the fkn bashers on ignore and actually ignore them. You are playing their game, and they are winning, because it isn't about the company or you, it is about making a living getting paid for goading gullible people into responding to them.
Cmon, guys, this is not a grammar class or a facebook page. Stock talk, please. There are THOUSANDS of us out here that have to read every single off topic post JUST to find out it is off topic! STOP IT!!!
So, you managed to get the basher a payment, which is the only thing he was after. Nice job. Someday, maybe, people like you will learn to use the ignore button instead of paying the bashers by responding to them. SMH!!!
Right, and your 60K posts tell us all exactly what your motive for posting is. No real stock investor would have that many posts in their lifetime!!! So...you are not an investor, but make your money on people that respond to your drivel - like me this one time, but now you are ignored. I say this so others can see you for what you actually are. No, I don't expect an answer, because bashers never debate - they just throw shit at the wall to see who will respond.
They never had shares. They don't buy and sell shares - they, uh, write crap to get you to respond. This stock board has many bashers, and many responders. That is exactly WHY they are here. They are playing you, nothing more.
You are stupid if you think bashers are interested in the stock price. They are interested in responses, nothing else. They go where they GET responses.
All 59 posts ever, and already you are an expert on what happened in 2007!!! GREAT!! Check back in about 15 more years!
That is from 2007 - over 15 years ago. It is from before the 2008 stock crash that caused many new rules to be enacted on stocks.
There is NOTHING of value in that message, because there isn't even a way to know if it is actually true. So posting that crap from 2007 in 2024 is simply stupid. My god, if you want to be taken seriously SAY something serious, not decades before now.
One more to be ignored - stupid people, bashers, pumpers, and those that type in ALL UPPER CASE are automatically ignored by me. I don't need to read stuff that is fluff - if you can't say something intelligent, just STFU!!!
The most important thing to know about them is that they are fishing for responses only. They get paid for them. They often have over 50K posts on dozens of boards. It is ALL THEY DO. You can't debate with them because they never respond. They simply make incorrect statements to ENTICE you to respond. They don't even READ THEM. They are counted by someone, and that's how they get paid.
You can see how many boards they post on by clicking their screen name. You can also read their posts. Rest assured, NOTHING you can say will have ANY effect on them because all they WANT is you to say SOMETHING.
If everyone put them on ignore, they would go away to something that makes them money.
Shorting is not permitted on penny stocks. It would not make financial sense anyway.
Don't believe me? Ask your broker.
No, not engagement. That implies two sides. It is simply bait thrown out for suckers to bite on.
It does not matter. They are not shareholders, they are after responses only. They make up shit to simply get people to respond. And they DO IT. THEY GET PAID for that.
Huggy has 74,305 posts. That is one post per day for 203 years. Or 2 posts per day for over 100 years. Get it?
Here are his last posts:
Basher Posts
If you EVER respond to even ONE of his posts, you are playing HIS GAME, and NOTHING you say has any value except to huggy...a paycheck.
It does not matter if a stock is doing well or not - the people that pay them set the stage for their buying up of any stock, called front loading. Then they pump it up, sell out, and pay bashers with the profit to beat it back down. It works, or they would not be doing it.
That's the way they all are. They are on multiple boards, with the same posts. It is their JOB to bash - they are not stockholders. Click a profile and see how many boards and posts they are on. Sure giveaway as to what they do. Many of them post on over 100 boards and have tens of thousands of posts. That is their JOB. Responding to them is how they get paid. The ignore button is MEANT for them.
They can't reduce the OS...unless they buy shares back. The AS is 6.5B. a 40% reduction would make it 3.9B...that's a good reduction, and indicates they don't plan to sell more shares out of the treasury.
They have to file an 8K before they begin buying shares back.
SPZI email shown at OTCMarkets is non-functional.
Your message did not reach some or all of the intended recipients.
Subject: OTC Markets 'Pink Limited' status
Sent: 1/25/2024 5:06 AM
The following recipient(s) cannot be reached:
'info@spooz.com' on 1/25/2024 5:06 AM
The annual report for 2023 is not due until the end of March. There must be some other reason for the downgrading of pink status. I have written to SPZI to inquire the reason for the change.
One thing I can think of is that JP3E will probably update its ticker name. If that is the case, perhaps they have in some way disrupted the SPZI communication link with OTCM. What I do know is that if the ticker changes, the OTCM history will remain, but under the new ticker name. A footnote will indicate that the previous ticker was SPZI. It already states the name change, but not the ticker (yet).
Uplisting at this time is not possible - the share price must be $.01 for over 30 days, and certain other requirements would need to be fulfilled. So that is not the reason for this rift.
The annual report for 2023 is not due until the end of March. There must be some other reason for the downgrading of pink status. I have written to SPZI to inquire the reason for the change.
One thing I can think of is that JP3E will probably update its ticker name. If that is the case, perhaps they have in some way disrupted the SPZI communication link with OTCM. What I do know is that if the ticker changes, the OTCM history will remain, but under the new ticker name. A footnote will indicate that the previous ticker was SPZI. It already states the name change, but not the ticker (yet).
Actually, it isn't legal at all, but it goes on all the time. That's why you only see the effect, but don't know the players. They are the ones that pay the pumpers and bashers.
Snow, yes, effect.
The reason is simple - they can only buy or sell within their spread. The only money they make is FROM the spread. But they get the spread twice - once from the seller, and once from the buyer. By law, MMs HAVE to buy or sell if you offer to buy or sell within their spread.
Lastly, if you buy or sell at market, instead of limit, the MM spread will generally change rapidly, as all market transactions are, by definition, within their spread. The quantity in their spread is all they have to buy or sell before they can change the spread, and that usually includes the quantity.
If you buy at market, the first ones will be at their spread, but each tranche after that will be higher and higher until they fill your order, and MAKE MONEY off your market buy. (Or sell - you will get less and less for each tranche.)
It is easy to prove. Just sell a million shares at market and watch the price you get for each tranche. All my buys and sells are at a limit that allows me to control how much I pay or receive for trades. It can take months for my orders to fill. Sometimes, my 60 day buy/sell expires and I have to repeat it.
DON'T TYPE IN UPPER CASE!!!
Ignore ignoramuses.
Gaps are meaningless.
MM's have no affect on share price.
Not one thing you said is valid.
Pure fiction. Bashers are not shareholders. And you can't 'pay' anyone in shares.
You don't have to wonder. Just click their profile, see what boards they post on, and read their last 50 or so messages. Anyone with 10's of thousands of posts is posting for a living. Anyone that posts on hundreds of boards is posting for a living. Doubtful if they have any stock of any kind.
Reading their postings is repetitive - just change the name of the company and insert the same comments.
There is no 8K for a reverse split. Until there is one, there won't be a split.
Not possible. Before any RS, an 8K must be filed. Any significant event must be filed first.
Even so, each MM has its own spread. So, just look at your brokerage and go by that. Or ask what the spread is on any one given MM.
You could not be more wrong. There is no such thing as MM signals to start with. It's a myth. But more importantly, the OTC is automated - there are no MM's trading at all. No human eyes. To control buying or selling of THEIR OWN shares, they adjust the spread. They don't GIF what the stock does - they make money on the spread, not on the stock price.
Each MM has their own spread, and it changes constantly. There are dozens of MMs. Your brokerage will show the one they favor.
It is a meaningless phrase. The float is the number of shares in the OS that are not restricted.
You can. You just have to set a limit that is above the ask. You will get them at the ask.