SPOOZ Inc (SPZI)

[shotsky]

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.