is...retired
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It's not Nate. It is not insiders.
It is a simple game that is rampant on the penny stocks. Trust me, I could do it if I wanted to, just with my current holdings. All I would need is a few others in my 'group', and a plan to raise and drop the price to the advantage of others or me. If I want IN, they bash it down. If someone else wants in, I sell bunches at a profit at market. The price drops, they buy in, and the price goes right back up.
I have PROVEN this to non-believers by selling 10M shares of NSAV at market while I held over 100M shares. The price dropped precipitously, everyone was confused why it was dropping, but it was just me. And I TOLD THEM in advance. And some bought while it was down.
You won't learn who these groups are. They are private, and they are making a lot of money in the process. They almost can't be caught unless one of them rats on the others, and even then it would be hard for lawmakers to prove anything without having an email trail to follow.
It is the reason stocks run or drop with no apparent reason. It happens every day.
Open your eyes. Track down who is involved in each group. Read the posts of pumpers and bashers, and then look into those stocks and who pumps them and bashes them. See what the stock prices have done. If you know what to look for, it is as plain as a tomato on a plate.
And, it is why Market Makers have absolutely nothing to do with share price changes. It CAN'T. Their trades are auditable. Yours can't be traced to illegal activity.
Well, I've been here since 2008, but I spend a lot of time checking the posts of bashers and pumpers. That's how I actually know which ones to ignore and which are simply pissed about their own bad decisions. You should do the same. It is very enlightening, since you also learn what other stocks they are 'working' with. It can actually uncover gems that you might want to invest in. I have done so. The filings and PR's allow you to make your own mind up. And no one should make their minds up based on anything else.
NO, not market makers, they don't care what the stock does, as long as there are buyers and sellers since they get their cut on both buys and sells. Market makers aren't PEOPLE, they are COMPUTERS in the OTC. They don't THINK, they do what they are programmed to do.
It is TRADERS. Those who group together to drive the price up and down, and profit from that activity. They drive it down to buy and up to sell. Anyone that participates in it, by responding to them, participates in this action. They pay bashers AND pumpers. They DRIVE the price changes.
Yes, it is illegal. No, you can't prove it.
MM's every activity is logged in perpetuity. If computers were programmed to cheat you, it could be proven. If a group of people forces market prices up and down, that can NOT be proven, at least not easily, if at all.
By the way, I could do it with some of my plays. I have over 300M shares of various stocks. I could FORCE the share price down by selling large amounts at market, to let others buy at the lower price. I would only do that with shares that I already can sell at a profit when I do it. They don't prey on only one stock - they have a group of stocks that are susceptible to such manipulations. Nates appears to be one of them, because people would not be selling in the face of good news unless it meant someone else could buy in at a lower price. There are BILLIONS of shares bought in trips. Just think about that.
So, there IS an entity behind the pumps and bashes - but it is traders, most likely not even ihub traders, but hiring pumpers and bashers.
Open your eyes, people. MM's simply are not even capable of stock manipulation, considering that all trading is by computer, and that every transaction is recorded for lawmakers to track down. Not so the stock manipulators, who don't even have an official name yet. Maybe I'll come up with a name for them...something like "Penny Stock Manipulators".
You can prove this for yourself. Go read the messages of a basher or pumper. You'll find that they bash one stock and pump another. They are paid for that. BY shareholders trying to manipulate the share price.
Why on earth do you not put bashers on Ignore? They are TEASING you into responding, for which they are paid. Don't you understand that their purpose is simply to get people to respond to their nonsense? Are you really that gullible?
People who respond to bashers as if they are trying to 'protect' the company are exactly as bad as the bashers themselves. They will go away if no one responds to them.
Business goes at the speed of business, not the speed of the calendar.
In other words, expect delays. It is obvious to me that they will tell us something when there is something to tell.
The talk of dilution misses an important point. Public companies can't just sell shares out of the treasury. So, there is no dilution UNTIL one of two things happens.
1. A loan is paid by conversion to stock. This is the WORST type, because it always converts at below market price, and the loan holders almost always immediately sell those shares. They are in the business of loaning money, not speculating on stinky pinkies. That flood of shares is what drives the price down, since they sell at market.
2. The company can opt to do a private or public offering. Either of these means shares from the treasury are being sold to investors. That price is usually under market as well, but those folks will not dump their shares until the value increases enough to actually make a profit. But that process cannot be performed UNTIL there is a filing with the SEC stating the price and quantity to be offered and the time period in which it is valid.
Both are dilutive, because it adds more shares to the OS, so our percentage drops.
So, can a public company just start selling shares out of its treasury? No. That would be an SEC violation. So, unless a note converts, or an SEC filing indicates a share placement, there will be no dilution. There is no need to constantly bug the TA - that actually annoys them, since someone has to actually do something to answer the questioner. In pinkyland, the thing to watch for is note conversions on the quarterlies.
I don't feel that there was anything unethical about the new direction for Nates at all. JPE failed to follow through.
The 8K that announced this new direction spells out how and why this change happened. It was JP Energy's failure to fulfill their obligations for an already executed contract, as was spelled out in the 8K:
The company initially planned an in-person meeting with John Park on November 28, 2023, but opted to postpone these discussions. This decision was driven by the company's heightened focus on finalizing its new sugar contract. Recent weeks have seen JP Energy attempting to renegotiate an already executed contract. In the course of these negotiations, it became apparent that JP Energy required over $400,000 to fulfill the signed contracts, a revelation significantly at odds with previous representations made to the company. This development raised substantial concerns about JP Energy's ability to successfully execute their contract.
Consequently, the company proactively sought alternative solutions and reached out to a shareholder who offered their assistance in securing commodities contracts. This strategic move was aimed at allowing the company to independently secure contracts and proceed with the execution of its new commodities business, as detailed earlier. While the company is still exploring potential pathways forward with JP Energy, the current primary focus is on successfully executing its own commodities contracts and actively seeking additional commodity opportunities.
Uh, insiders can't buy shares except after fins are released. Which are REALLY late now.
Congratulations! You made my ignore list. Don't feel lonely, there are more there than not there.
Who make the ignore list?
Bashers
Liars
Idiots
And anyone else that never has anything of value to say.
We trade at 4 decimal places. MM's operate at 5 decimal places. It has always been that way. If you don't understand that there are no people making these trades, just computers, I feel sorry for you.
You will lose money by not knowing how the stock market works, especially in penny stocks.
And, when you talk about MM's swindling people, you are simply showing your ignorance. Every share bought or sold by anyone, including MM's is RECORDED forever. There is an audit trail that would instantly expose cheaters. As if computers cheat people. SMH!!!
Bullshit. MM's aren't buyers or sellers EXCEPT when there is no trading. (illiquid)
It's not profit until you sell it.
Not answerable. The price will depend on what actually gets done. What kind of a deal gets made. How money is to be made. "Things going well on the news" is not a thing. It is shareholder 'sentiment' and nothing else. And a lot of shareholders can't even conceive of what is going on. That's why the price goes down when the news is good - there is no actual news except that things are not what was expected, and there is a whole new thing to consider. No facts to base anything on. Smart people simply sit on their shares and wait for actual news about the moves the company is actually making.
So, the ONLY smart thing to do with NATES right now is to watch what happens. At some point, it comes out of the tunnel, and then we'll know what is next. Until then? I sit on my 80M and watch. One way or the other, something good should happen for shareholders.
At this point, no one knows what is to happen next. Sugar contract? Reverse merger? Neither? Go ahead, predict a stock price based on that - exactly nothing to base anything on. We need FACTS. THINGS DONE. A BUSINESS PLAN. We have none. So, what do YOU think the stock price should be based on not knowing a fucking thing about what is going to happen next?
You are missing the part where JPE tried to change the agreement after the fact. That left an agreement that JPE was trying to renegotiate after the fact to have Nates supply more cash - $400K. That was not in the original agreement. Sounds to me like JPE reneged, which gave Nate's an opportunity to act on its own. I doubt this is the last move in this chess game. It isn't check mate yet. Stand by to learn more as the game goes on. In the mean time, the lack of information simply leaves us all guessing. We simply don't know the next move.
Market makers aren't doing shit. It is a computerized system, no human even sees these trades. The computers buy if shares are within their spread and they sell when shares are within their spread. They change their spread as needed to not gain too many shares or run out. The spread is ONLY good for the posted amount of shares. After that, it can be and usually is, adjusted.
This is by LAW. All transactions go into the audit, which shows who bought or sold shares, which MM(s) are involved, the prices involved and the end buyer/seller. Dates, amounts, everything it takes to trace every single trade made, forever.
There is no MM Manipulation, period. They don't care WHICH way the trade goes, they make money only on their spread, but on both the buyer and seller. All MM's want is TRADING, because they don't make ANY money if the stock isn't moving.
There is no need to talk of market cap. We know a shareholder has a lot of money and appears willing to fund the contract. As a result, he will be paid back, with interest, when each tranche of the contract is completed. Those are short term loans. In addition, he will also be getting dividends, which will enhance the share price, making the lender even more money. Personally, I wish they would use some of that profit to buy back shares. It all sounds viable to me at this point, except that I don't know how Nates actually has control of that contract. It is owned by JP Energy Group, LLC, as far as I know.
I had mostly trips. I sold on the way up, as long as there was a market for them. I was selling as few as 500K at a time when the price was over a penny, so I would not affect the spike. My goal was to keep each sale under $500K, so I had several sells going at the same time, and as each one hit, it would sell and I'd wait for the next one. My last sale was at $0.11.
Some people simply dumped it all at one time, which killed the spike. Now, I just wait for the next spike. I still have shares I bought in 2017, and I still have 500K of those 'dividend' shares that were never registered, nor made tradeable. NSAV will not uplist or even become eligible to uplist until it fixes that unregistered stock business, and gets all the shares to DTC. If I have nothing else, I have patience.
Uh...right. The ticker is for NATES, not JPE. It will change after JPE gets their ducks in a row.
I also invested in monthly dividend stocks that bring in $10K per month. Yes, I'm retired. In fact, I turn 80 in Feb. Quite happy with myself, considering I started with only $59K in 2008 when I got laid off and half my 401K vanished in 3 months.
Why would you say the ball is in Nate's court? They are simply waiting for JPE to finish their obligations.
I had about 280M when it spiked. Sold half, eliminated all debt, invested in safe stocks, but still have half. Just waiting for the next spike...then I'll get out.
Will Rogers said "It isn't what you don't know that gets you in trouble...it is what you know for sure that just ain't so"
A reverse merger is a private company taking over the business shell of a public company. There will be nothing whatsoever left of Nates, except temporarily, the name.
You do realize that Nate, at this point, has nothing to do with the reverse merger, right? The ball is in JP Energy's court. JPE is TAKING OVER Nates, and Nate and his associates will all be gone, along with the pancake batter and mining machines. It's like when you sell your house and move out so the buyer can move in, but you aren't going to move out until the buyer is completely financed to move in. There is a holdup somewhere that is delaying the process, but the private company JPE has not told us what that holdup is. In this case, financing and/or SEC filings are probably the holdup.
The reason Nate is still present is to smooth the process. He needs to tell them where the light switches are, the electrical panel, etc. When the merger is finally complete, he will be long gone, and there will be a new CEO in the house, and that CEO will have to hustle to get the new company functioning. THAT will not happen overnight. But JP knows the food distribution business and will get it up and running with the first sugar order. The first of many, hopefully.
I think the fact that the accountant was changed AFTER the merger was announced means that it was probably JPE's accountant at that time, and that they need to get the audit completed for the merging company.
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I pay for the annual subscription. Unlimited posts, unlimited ignores. I absolutely see it as a waste of time to plow through ignorant posts because you have to click each one and at least begin reading it. When Ihub tells me I have 50 messages, I usually only see 10 of them on this diarrhea-mouthed stock gossip board. The worst I've ever been on. Shows what little use moderators are here.
If everyone would put such idiots on ignore, they would go away. I never see those posts - only the responses to them. If you are responding to them, you are enticing them to participate, lowly such participation might be. It is their GAME to goad you into responding. Wy else would they make such obviously incorrect obxervations, if you can even call them observations. When young, such people swing sticks at hornets' nests.
Yes, check NSAV's press releases to learn about TruSaf. It is supposed to be a software product that provides security to blockchain activities. This is definitely a wait and see situation.
Of course they do. JT is CEO of CHIF and has probably helped set it up. He had CHIF before NSAV.
Not according to the last quarterly report. Next one is due any day now. Directors are listed.
The merger is NOT with that company. Read the September NATES filings and you will SEE that.
THIS is the merger company:
JPEnergy Group LLC
That is not the company the merger is with. It is JP Energy Group LLC, and it is only 3 months old. John Parks is the only employee. And it was formed JUST for the reverse merger, so it has no history, no filings, no nuttin yet.
It should be obvious that JT has outdone himself by doing absolutely nothing with CHIF that he said he would do.
Same with NSAV, which was another of his companies.
JT is long gone from NSAV, and the companies now involved in NSAV (Wong, et all) are now sniffing around CHIF.
Now, there is talk at NSAV of reverse merging their TRUsaf product/company into CHIF.
If the reverse merger is pulled off, NSAV shareholders would get some CHIF stock as a 'dividend'. Silverbear is experienced in things like reverse mergers, so I would not bet against it just yet.
I bought a small stake in CHIF just to watch how it proceeds.
Anyone interested in the above should check out NSAV's twitter feed. They have not definitely stated CHIF is the target, but it is mentioned multiple times.
I've had NSAV since 2017, and it made me financially independent. Not because of JT, but because of who runs it now.
It will be filed when it is done, reviewed, and ready to post without errors. Public companies don't file based on what day it is... SMH!!
Sounds like Hemp Beer to me...it was supposed to go public and we were supposed to get shares in it. 1 share for each 17 shares of NSAV owned. That's why I had 250M shares at the time. It never happened, and no explanation. Fortunately, those were all trips and NSAV eventually shot up over a penny. I unloaded about half, slowly. Still have the rest.
Yes, a new company was formed for the purpose of the merger. There are three companies involved:
JP Energy Partners - owners of the energy business and the food business.
JP Energy Group (without the llc, which is limited liability company) - It has been around and is sometimes interchangeably used with the above.
JP Energy Group LLC. formed in September 2023 to facilitate the reverse merger. It is basically an EMPTY company. It has one employee - John Parks.
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: 2 Months
Registered Agent: John Park
510 Hamilton Street, Apt 425
Somerset, NJ 08873
Mailing Address:
510 Hamilton Street, Unit 101
Somerset, NJ 08873
JP Energy PARTNERS acquired the sugar contract back in about May, 2023.
JP Energy PARTNERS is transferring (or has transferred) the sugar contract to JP Energy Group LLC.
JP Energy Group LLC must raise the financing for the sugar contract. Part of the reasoning for going public through a reverse merger is to obtain financing more easily.
JP Energy, as a private company has played fast and loose with its terminology. You simply cannot go by the terms used unless you see who signs the 8Ks and agreements.
JP Energy Group LLC has a stated purpose:
JP Energy Group’s mission is to become a global supplier of top-quality food products and commodities for its clients in the Pacific Rim. This strategic move underscores JP Energy Group's unwavering commitment to delivering excellence to international markets and solidifying its position in the global food distribution network. The audit of JP Energy Group will be filed within 75 days following the acquisition's completion.
(They left off the LLC) But if you look at the signatures on the contract, it says LLC
Contract signatures
No, it is not. JP energy group LLC was created in September, just 2 months ago. THAT is the company involved in the merger. Read the filings - it's all there. Then you don't have to guess and make yourself look silly.
That is not the company Nates is merging with.
How reverse mergers are done:
Calendar of events