rockie101, here's how I think things are...
John K. Park wanted to go public to be able to capture the huge growth that he believes he is ready to mature. Because of the liquidity in SPZI, it is believed that it is needed to be able to capture the huge growth. Without getting into the weeds, they had some disagreements and simply were not seeing eye on some things. Bottom line, John Park believes he is ready to go public now, but the team over at NHMD believes that he is not. John believes that he has achieved certain milestones that were to be expected to move forward while the NHMD team believes that he hasn't. The NHMD team was adamant about justifying why they were letting him go, while John appears to be adamant about going public with such a quick move through SPZI. In my opinion, after learning what John was bringing to the table and what he could potentially bring to the table, I actually think that NHMD should have closed the deal with him. That's neither here nor there as it is definitely too late now.
In my opinion, there was a huge miscommunication that I had learned after doing my own DD that transpired to where the NHMD team was talking to the wrong people and got some bad information. I think the damage has been definitely done now to where I think both sides should simply just move on from each other as it appears to now be happening. NHMD says they have basically the same sugar contract and chicken paws contract that John was bringing to the table so NHMD should do well if they can produce such which is why I am still holding NHMD. Heck, the sugar contract was for something over $268 million and the chicken paws contract was for something in the area of $300 million. Heck, I never heard of eating chicken paws or feet, but I was told that they are very popular in certain areas of the US and around the world. Heck, I didn't even know that chickens had enough meat on their feet to eat. LOL!
I think I see John's vision for wanting to go public. Imagine Microsoft being private. If they were to remain a private company, they would only have one arm of growth from just their "operations" side alone. Now with Microsoft being public, they added an extra arm of growth through the existence of their "equity" side that exists from having common shares through their stock to use as leverage for additional growth. This also allows us as shareholders to be able to participate in the growth of the company simply by becoming shareholders showing that we believe in what the company is doing. This also positions them to be in a position to maximize their growth to a level of their desire to set them up to have an Exit Strategy which is another reason a private company goes public. Someone can then buy them out. Now, this is where SPZI comes in as the public vehicle that John has chosen to use.
v/r
Sterling
Bullish
