zombywolf, to answer those NHMD questions...
First, I didn't see where you asked me those questions. Second, it's my own discretion for me to answer any question I want to answer. If I think it is redundant, I don't have to answer anything and the same for you or anyone within these forums if one chooses not to answer something. However, I see no issue with your questions so I will answer them based on how I see things.
None of what you posted has nothing to do with the price of tea in China. Meaning that none of that will have any kind of significant impact on the huge deals going through. Let's talks about each one at a time to address separately.
John Park being millions in debt is a personal issue and nothing to do with the company. Example: Back when Bill Gates was CEO of Microsoft (MSFT), if he took out a loan to buy a $5 Million house, that would be his own personal debt that he would be responsible for paying off. It would of had nothing to do with Microsoft. That debt would not be associated with Microsoft as a company. When a deal would be in the process of closing, it would be based on the merit of Microsoft as a company and not based on if Bill Gates was paying his mortgage on that $5 Million loan or not.
But wait, let's say that there was a banking institution that maybe would not want to deal with Microsoft because of Bill Gates having bad credit, then that is why John Park has a team. Someone on his team would be the one that would go through the banking institution to be able to get the funding that is necessary to move forward. Apparently, the proof of such not being an issue with NHMD is the fact that they stated in one of the 8-Ks that they already have verbal approval for their funding. I had personally done a Stand by Letter of Credit years ago. I first got a verbal approval as they sifted through my info to be able to tell me if I ever needed to go forward to get the Letter of Credit. I was later approved just as I was told I would be. If NHMD (JP Energy Group) was not going to be approved, they would have never had gotten a verbal approval from anyone. So, in my opinion, the deal is done.
Another option is that they could be using something as collateral that is in huge value that has been approved to be used by a certain banking institution. Maybe they have some huge asset or something of huge value that was approved to be used.
With the sugar contract being 5 months old, that means nothing. I'm guessing that they probably have 12 months to honor the contract before it becomes voided. The time frame could be indefinite as long as they come up with getting the sugar to its destination. I'm guessing them on the other side know the challenges that exists and are patient enough to allow NHMD (JP Energy Group) to work through honoring the contract.
With you question regarding the creation of JP Energy Group... It's very obvious, as it was stated within one of the NHMD 8-Ks, that JP Energy Group was created to have transferred all of the Food Processing contracts and businesses from JP Energy Partners which is who originally owned the $268 Million Sugar Contract. Now, as NHMD had stated, all of the food processing operations have been transferred over into JP Energy Group. It's better when they do it like such because if JP Energy Partners had any debt or anything that could be negatively connected to it, it doesn't transfer over. Its debt gets left behind. Bottom line, JP Energy Energy Group was newly created to be a newly clean vehicle for the purpose of accepting and owning the $268 Million Sugar Contract to come into NHMD as JP Energy Group mergers to be one with NHMD.
Oh, and I'm guessing that nobody cares when JP Energy Partners was created since you and nobody is asking. But just in case you ask, In my opinion, who cares as that is not important either? As long as they were created early enough to obtain the $268 Million Sugar Contract as it was filed in the 8-K which is good enough for the deal to be done. I'm sure though that they are not newly created. As an FYI, John Park owns both JP Energy Partners and JP Energy Group. I'm sure that he is going to approve a deal that he is doing with himself.
I think they did a great job with structuring this deal and I think the proof will further be confirmed in the upcoming 8-K that is to be released in the next day or two or so.
v/r
Sterling
Bullish
AI
