Nate's Food Company (NHMD)

[Strukture]

MUST-Read by Everyone! Understanding a Stanby-Letter-Of-Credit

The MOST IMPORTANT aspect of this transaction is what John Parks BANK thinks.. CHASE Manhattan! I could care less what a bashing Keyboard warrior thinks - IF A BASHER REALLY WANTED TO HELP - they wouldn't bash 365 days a year on public forum they would post once and say their peace and in detail why they dont like the company or CEO and inform the authorities, and just leave at at that and let the law decide instead of playing cop anonymously behind a screen - Id love to know their credentials as a Securities investigator.. basher let me see your CV cred as a policing authority LOL .. Just Saying!! Perspective is everything

IF CHASE MANHATTAN BANK after performing their due diligence APPROVED to guarantee payment to JP Energy Group.in the event of default from Gindao HanFeng Food Co. . THATS BEYOND significant for me over unknown posters playing a negative narrative with ZERO known credentials trying to play Robin Hood!

https://www.corporatefinanceinstitute.com/resources/commercial-lending/standby-letter-of-credit-sblc/

Stand By Letter of Credit Summary
* A standby letter of credit (SBLC) refers to a legal instrument issued by a bank on behalf of its client, providing a guarantee of its commitment to pay the seller if its client (the buyer) defaults on the agreement.

* An SBLC is frequently used in international and domestic transactions where the parties to a contract do not know each other.

* A standby letter of credit serves as a safety net by assuring the seller that the bank will make payment for the goods or services delivered if the buyer fails to make the payment on time.