is...retired
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No, they do not. Every trade, even 1 share, is recorded as to who bought, who sold, who the MM was, and the price and spread at the time. Get it out of your head that MM's cheat us. There are no people looking at those trades, and it's plenty profitable to simply do as the SEC rules say. If the computers were cheating, it would be obvious from the audit trail, and the SEC penalty would be miles higher than could be made on stinky pinkies, PLUS the SEC would record the fine publicly. No, you don't see those, because they know better than to cheat that way. It is illegal for ANY entity, from insiders to MM's to manipulate stock prices.
It is large SHAREHOLDERS that manipulate the price. I can do it, and have in the past just to prove it. I dropped NSAV by 10% with one trade that I told them I was going to do, so they could see it happen. Has ZERO to do with MM's.
Mm's are allowed to short shares which means they can sell you shares they don't yet have. They must close out by end of day, or place their short on a list that is published twice monthly. Then, you can go READ the damned thing to see if they are shorting anything overnight. Most don't. These are computers, not people.
And, the only time MM's trade among themselves is when the market is illiquid. Meaning no one is buying or selling. That is why they are called market makers - they make a market when there isn't one. They HATE that, because they can't make any money at it.
Doesn't ANYONE ANYWHERE have even the slightest clue what MM's actually do? They are more like cashiers. They don't control the price of the item they are accepting money for. It does not MATTER what the price is. If someone sells, they make a profit. If someone buys, they make a profit. The profit is on the spead, not the share price.
You could not be further from the truth. CDEL is an MM. MM's don't 'sell' anything. They have a spread and fulfill orders when the buyers/sellers meet their spread. Anyone buying or selling at market meets their spread.
If the stock price is misbehaving, look at your fellow traders, not the MM's. Without them, you could not even BE in the stock market. You might want to learn how it works - your ignorance shows when you blame MM's for stock price changes.
Not to mention that they make their money on both the sells and buys, so they don't give a shit what direction the stock price is going. Not that there are actual people watching it anyway - it is an automated marketplace, only computers 'see' your trades, and they DON'T read the news.
Bouch? LMFAO! You guys take the cake. Can't even write but expect people to take you seriously. You might want to pick on Santa Claus...more your speed...
No, he is a basher. There is more than one way to reduce the OS. RS is only one way, and that OS is a result of the OLD management. Either the poster is ignorant, or is intentionally trying to mislead.
I don't either, but you can tell from sp changes that lots of people do. When people sell at market the sp instantly starts down - it gets ratcheted down by changes in spread after each tranche.
All a newbie needs to know is to read what the company publishes, and NOTHING ELSE! Seems like a simple lesson to me.
In a reverse merger, the incoming CEO gets the majority voting shares as preferred shares. Once that happens, it is his company to control. It is not about personal gain, it is about making a company profitable. As that happens, his preferred shares will increase in value along with the rest of us. Their preferred shares are usually restricted for at least a couple years. But a CEO is unlikely to give up his voting rights.
Bashers can only affect you if you read their posts and sell based on their bashes. Only an idiot would do that. Put them on ignore. They will go away if no one responds to them.
The sugar and chicken paws contracts, if completed, should bring in a lot of revenue and some profit. JP said in the past (Nates) that he would provide a dividend to shareholders. Personally, I would rather see them buy back shares of that oversized OS. These are supposed to be just the first orders. It is the follow-on contracts that should be interesting.
Actually, I have more than a clue. I was in the whole nates thing from the beginning. The JP Energy group is SPINNING OFF the food part. That is all. Why do you think they only talk about sugar and chicken paws?
Here is the company he registered for the RM...
JP Energy Group, LLC
That is the company that is taking over spooz. You don't have to believe me - but that's what is going on.
Until you see something OFFICIAL by John Parks, it is all speculation. But it will all become clear to you when he finishes the RM...
You guys are jumping the gun.
Believe it when it is OFFICIALLY noted through SEC filings that things are changed.
First off, the website listed below is the original JPEnergy group that has been there for years. That is NOT the company that is reverse merging into SPZI. They are spinning off the food section only. So all that energy stuff is NOT part of the project. Park has already set up a 1 man company to reverse merge. It is called JP Energy Group, LLC. There is no website for it yet. But you can find it through the internet. It was originated in September 2023. It WAS to merge into Nates, but that fell through.
Clearly, you do not understand how MM's work in the OTC.
First, they aren't people. They are computers. The whole system is automated. NO HUMAN EYES!!!
Second, computers don't panic.
Third, MM's MUST buy your shares if you offer them at market, or within their bid. That's the LAW.
Next, MM's MUST sell you shares if you are buying at market, or within their ask. That's the LAW.
Next, there are many MM's. They EACH have their own spread. Your brokerage only shows you the one they prefer.
Computers adjust the spread constantly. Not people.
No panicked computers.
No naked shorting.
No fiddling with the price.
They fulfil orders that fall within their spread. They can change their spread any time, and they do - all day long.
Finally, if your order was filled at a lower price, that's because their spread was lower than your bid, so you got it at their offer price. Happens all day, every day.
Seems like some people should actually learn how the system works instead of making inane comments that are meaningless, and only show off the ignorance of the poster. Try stock market 101 - learn how it works, then you won't look stupid when you make comments that are no even possible.
They have talked about wanting to uplist. They will HAVE to straighten out the stock, get it all DTC registered, free up our dividends and use an SEC approved auditor before they can get out of the pinkies.
I have 500K of those dividend shares also. But it's more than releasing them. First of all, they aren't registered. Second, they are restricted. Third, none of NSAV's shares are DTC compliant. That's why some exchanges won't handle NSAV shares at all. You can pay NSAV's lawyer about $500 to get them registered and unrestricted, but I will never pay money to get what was given to me freely. The first scam of his tenure. The first of many.
He wasn't fired, but he was demoted from CEO. He even SAID that he was stepping down because he doesn't understand the whole crypto thing. He signs the fins. Sometimes, he is listed as secretary, sometimes as president. He does NOT tweet, ever, any more. He still has a bunch of preferred stock also.
A high ask price before the market opens is meaningless. It is 'parked'.
There is no winning strategy to responding to bashers. All they want is for you to respond to them. You will NEVER see a basher back up anything they say, because they just make it up JUST to irritate you into responding. You are HELPING them by responding.
If everyone quit responding to bashers entirely, they would go away. That's why I put them on ignore. I never see them until people respond to them.
Well, some may be confused, primarily because people who don't look it up spread misinformation. If you want to know who manages NSAV, all you have to do is look on their website.
NSAV Management Team
Tilton has not been the CEO of NSAV for over 2 years. You MIGHT want to get current about what's going on before making blatantly incorrect statements.
That's good advice for everyone. Everyone is here to make money. No one is here to help anyone else.
How one goes about making money is their business. There is more than one way, and one may use more than one way on a given stock. I often have sells and buys on the same stock at the same time at different prices. That's my business.
You'll have to wait for the next quarterly report. Or the annual report, which we will see sometime in March, if we're lucky.
My point is and was that whatever JP Energy Partners is, or was is immaterial. They have a food distribution sideline, and that is what is being spun off. If you go to their site and see all the businesses that are involved, you will find a dropdown to food distribution. THAT is what we are talking about.
The public company was JP Energy Partners, and the ticker was JPEP. It failed, and was delisted years ago. It was NYSE, but share price dropped under $1...
It has been private since then. But the company that is reverse merging is JP Energy Group, LLC. It was created in September 2023 for the express purpose of reverse merging into NHMD. That fell through, but now JP is attempting the same thing with SPZI. This is NOT the JP Energy Group that has all the waste management and recovery. It is for the sole purpose of taking the food distribution portion as a public spinoff. The newly public company will be in the food distribution business, only.
It isn't strictly a merger. It is a reverse merger. That simply means that a previously private company has taken over a public shell company as a way to become public itself. All employees and/or previous business is swept out with the other trash left behind. A new owner takes over with the goal of producing revenue and profit. That is what we are all hoping for, but it does not happen overnight. There are agreements among the principles to establish, lawyers to write up the terms, reviews by both sides to establish agreement, then SEC filing to establish the next steps.
It is a business process, and it can not be dictated by calendar... it is dictated by agreements on both sides, and fulfilled commitments from whoever is required to fulfill them.
Only after those conditions are met, can the reverse merger then proceed. (That's why the Nates reverse merger fell through.) And after that, you have a previously private CEO taking charge of a public company, which means first of all satisfying SEC requirements to simply pull it off.
Once the reverse merger is complete, the business can start to do what it intended in the first place. In this case, it means finding financing for the sugar contract.
This is not an overnight process. Expect it to take time. And always remember, that it may not work with SPZI and may be offered to yet another company.
So just go along for the ride and wait for developments. It is not a time to buy or sell...it is a time to wait and see.
No, has nothing to do with it. That was the old JP energy that was delisted years ago.
The new company is part of the reverse merger process.
The company you refer to has zero income. JP is the only employee. It is a brand new company started 3 months ago for the purpose of a reverse merger. That is the entity that is intended to reverse merge into Spooz.
Here is the filing for legal status from September 2023:
JE Energy Group, LLC formation
As he said, he removed the STICKY post, not the original post. The ihub home page needs work too - it still says the merger is complete....
A reverse merger is when a private company merges into a public company that basically has no business. It is typically called a 'shell', although there is a more strict definition of a true shell. So, a private company that wants access to easier financing goes public. There are two ways - the IPO, which is expensive and takes substantial time, and the reverse merger.
The company shell basically goes away, and the private company takes over. They may change the name and/or the ticker, either right away or sometime later. But make no mistake - all of the shell belongs to the previously private company, and the owner and any employees and/or business remains are gone. Like moving into a used house, all trace of the previous tenants are gone and you simply move your stuff in.
So, SPZI represents a shell, as did NHMD. There are thousands of them.
JP needs to become public, because it needs access to large amounts of money to facilitate large food contracts. It doesn't really matter which shell he selects, as long as the shell meets the needs going forward. So, if it doesn't work out with SPZI, he will turn to yet another.
As a shareholder of both Nates and SPZI, I'm just going to sit and watch, and hope at least one of them succeeds.
I am quite familiar with the breakup as well, but I feel that JP broke faith by not following through with the original, signed agreement. There were conditions in that agreement that were not met, such as the audit and financial arrangements. It fell through for those reasons. I don't think it had anything to do with egos.
I've been involved in such business agreements in the past, but I don't recall any of them falling out. Most importantly, when you sign an agreement, you should already have your ducks in a row. JP clearly didn't. When I read that agreement, I had questions. I think it was rushed through without sufficient planning.
Shareholders of record, those mentioned in filings, are those that own stock outright, not through brokers. Such as employees, and others that get stock from the company for one reason or another. We are not shareholders of record.
Reverse merger is cancelled...
This is actually what I was expecting ever since Nates announced it was going after its own sugar contracts. I suspected that JPE was waffling and Nate was coming to the conclusion that the RM would not happen, and the contracts would not materialize. He cut the losses in announcing the cancellation of the RM. Good luck to him getting that 100K back.
The good news for me is that Nate knows the food business, and sees how to make money shipping sugar and other commodities. It appears that he is following through with his contacts face to face, to facilitate buyer/seller contracts. I believe this to be a better deal for Nates shareholders than the RM would have been.
Now it's time to finalize contracts, then execute on those contracts.
We will all just have to wait and see.
You have no idea what that trader is doing or why. I suggest worrying about what you are doing and lay off what others are doing. Everyone has a right to make their own decisions in trading without being criticized. And there is no way to know if a trader is doing what is best for them or not. None of us are here to help others make money...or help them lose, for that matter. Except maybe the bashers.
Business doesn't use a calendar and give firm dates when things are supposed to get done. It gets things done when they get done. In other words, don't count on a calendar, count on getting all the little things done that have to get done before something meaningful happens.
If there is no news, it means they are working on things. When a milestone is reached, it will usually be announced.
I wouldn't hold my breath...OTCM handles 10,000 companies and they aren't particularly fast about reviewing incorrect submissions.
Well, they didn't break their perfect record of filing late for the last 6 years. But it seems they have forgotten how to file correctly. UNFINGBELIEVABLE!!!
The answer to those questions are found in the filings. Every part of the (old) business is losing money.
From the last 10K: (annual report)
Net income (loss): $ (250,651 )
It's like the business owner that said "We lose a little on every transaction, but we make it up in volume..."
The reverse merger has not yet happened. Whoever wrote that on the ihub site jumped the gun by months.
The web site can be expected to be down for overall rewrite.
One could be because of the reverse merger moving forward and possibly a company/ticker rename.
The other is the rather obvious - removing the pancake and mining business and adding the food jobber business. Sugar and chikn paws.
Out with the old, in with the new.
Flipping a coin is better odds than using charts in the pinkies. Why? Because flipping a coin is always 50%. If you use charts, you WILL be fooled by the chart more often than it will be right. That is not 50%. It's like system players in Vegas. The gambling houses LOVE system players because systems don't work but gamblers will follow their system until they are broke. Neither do charts.
As a famous soldier once said: "You can't look in your rear-view mirror to see where you are going."
Not for me. I've been buying. I had a buy for weeks that finally triggered today. When it hits trips, I buy. Now have over 50M...I'm out of cash unless I sell something else next. I might. I still have 100M NSAV that are in the green. I think Nates has a better chance than NSAV right now.