InvestorsHub Logo
Followers 170
Posts 18170
Boards Moderated 2
Alias Born 11/29/2010

Re: I-Glow post# 79084

Thursday, 03/28/2024 3:33:31 PM

Thursday, March 28, 2024 3:33:31 PM

Post# of 86805
>>PHOTOS OF PARK'S CONTRACT AGREEMENT--SALE PURCHASE AGREEMENT (SPA)<<

>>>LOOKS DAMN LEGIT TO ME!!! I'M SELLING EVERYTHING AND JUMPING IN!!!!







>>>OH...WAIT...THIS WAS THE SCAM CONTRACT PARK HAD JASON HOON CHANG AND MIGUEL ALCALA USE LATE LAST NOVEMBER TO DUPE NATE'S FOODS INTO FRONTING $150K TO "FULLY EXECUTE" WHICH THEY AGREED TO "PROMPTLY RETURN IF THE CONTRACT IS NOT EXECUTED OR FULFILLED." FUNDS WHICH NATES SAYS "WERE DIVERTED TO A THIRD PARTY" AND FOLLOWED BY A REQUEST FOR AN ADDITIONAL $400K... THEN NOT "RETURNED" AS AGREED????


RECYCLED BOGUS “CONTRACTS”?? SURELY PARK CAN'T SCREW SPIZ WITH THE SAME BULLSHIT LIKE HE DID NATES!!!!--

Someone posted this

I do have a serious question for those who believe SPZI is a scam. Do you contend that Jason Meyer, Jason Hoon Chang, Miguel Alcala, Rolf Bela Wenz, Kinsoo Kim, Michal Verdy, Daniel Lee and Mark Thompson are all willing accomplices to John Parks master scam or are they unwitting dupes fooled into scam or do you feel these are not real people, i.e. made up names and companies?

So I decided to look into the backgrounds of a couple of these. Jason Hoon Chang and Miguel Alcala have rather unique names so I started there. Right away I found them named (along with John K Park and JP Energy Group) in numerous SEC filings by NATES FOODS $NHMD beginning on 9/19/2023. As you can see, Park promised NHMD everything he’s now promised SPZI including “reverse merging” his same chicken feet, sugar exporting and other as yet unverified multi-million dollar business with NHMD: https://www.otcmarkets.com/stock/NHMD/disclosure

Then there’s this summary of their experiences with Chang, Alcala and Park dated February 10, 2024. In short NHMD accuses them of being secretly hired by a "third-party company" to whom they diverted the $150k they were advanced (by NHMD) to secure a sugar contract >>>

We have been receiving inquiries regarding the Sugar and Chicken Paw deals. In November 2023, the Company was approached by CNL Group and Jason Hoon Chang about being retained to secure Sugar and Chicken contracts on behalf of Nate’s Food Co.

After a meeting with Jason Hoon Chang and Miguel Alcala in Atlanta on November 18-21, 2023, we retained the services of CNL Group and Jason Hoon Chang to work on securing contracts for Sugar and Chicken and signed an Agreement with CNL (a copy of which is attached as an Exhibit 9.1)

In accordance with our commitment, the Company disbursed $150,000 to CNL Group and Jason Chang, as specified in the agreement. Additionally, in November 2023, CNL provided us with a draft contract for a sugar transaction with an anticipated shipping date by the end of December 2023. To proceed with this transaction and secure the sugar, they requested the $150,000, and you can review a copy of the draft contract in Exhibit 9.2. Subsequently, following trips to Panama and South America, Jason Chang informed the company of a shipment delay, which we promptly communicated to our shareholders, with the revised shipping date now set for the end of January.

Unfortunately, CNL has ceased providing updates to the Company, and we have recently discovered that Jason Hoon Chang and Miguel Alcala have been hired by a third-party company. We have reason to suspect that the $150,000 we provided may have been diverted to cover expenses for this third-party entity, such as travel. Furthermore, it has come to our attention that Jason Chang and Miguel Alcala have undertaken business trips to China and Brazil on behalf of this third-party company.

Our concerns about the funds being used for the benefit of this third-party company are partially based by the fact that we facilitated a $100,000 loan to this third-party company (aka IMO John Park --KAM), which remains outstanding. The third-party company has communicated their inability to repay the loan to the lender due to a lack of sufficient funds and has said they would provide a plan for repayment (which has not materialized).

As a result, we have reason to suspect that our funds may have been utilized for the advantage of this third-party entity, which, as we understand, might not have had the necessary resources to carry out its own transactions. We are keen to ascertain whether this was the intended arrangement from the outset - that our funds were to be used to facilitate the completion of transactions for the third party, with the intention of later reimbursing our company from the proceeds of these third-party deals and saying our deals didn’t materialize.

Considering these circumstances, the Company has decided that it will elevate this issue to our legal team for a thorough examination of how and where the funds provided by the Company were utilized and who ultimately benefited from them. Following this extensive review, the Company will take the necessary steps as recommended by our legal advisors. https://api.stock.us/edgar/files/8-K/1409446/000164033424000204/nhmd_8k.htm?download

Here's the agreement between Nate's and Chang's "CNL Group" along with "Omni Commodities LLC" and the alleged buyer. Note Item 4-- prompt return of funds by Chang if the deal is not "executed or fulfilled" https://api.stock.us/edgar/files/8-K/1409446/000164033424000204/nhmd_ex91.htm

Here's the “draft copy” of their alleged "Sugar Contract" created 11/23/2023 and valid for 5 days (11/28/2023) listing Omni Commodities, LLC as “seller” and Hunan Zhongan Jiulian International Trading Co. LTD as “buyer” (of the sugar).
https://api.stock.us/edgar/files/8-K/1409446/000164033424000204/nhmd_ex92.htm
(FYI: There is no company by the exact name of “Hunan Zhongan Jiulian International Trading Co. LTD.” There is, however, one called “Jiulian International Trading Co. LTD.” https://opencorporates.com/companies/hk/1398246 )

Looks legit right? So what about the "seller" of this sugar-- "Omni Commodities, LLC"? https://www.tradewheel.com/co/tymar-group/about-us/

Omni Commodities, LLC was formed on 11/22/2023. Subsequent SEC filings reveal it was created as a subsidiary of NHMD.
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=210059232175191025155028240251238005088053193106

The website domain for Omni Commodities, LLC was also registered the same day (11/22/2023)
https://www.whois.com/whois/omnicommodities.com

TWO WEEKS LATER --just as all this bullshit about “fully executed sugar contracts for NHMD” was being hyped-- the Park scammers were apparently already selling the same lie filled scheme to SPZI. Here’s the first post SPZI made on 12/8/2023 about signing an MOU with Park: https://www.otcmarkets.com/stock/SPZI/news/Spooz-Inc-SPZI-Provides-Shareholder-Update?id=424166

ON THE SAME DATE (12/8/2023) NHMD posted this after they realized Park was a grifting liar who had no intention or ability to make good on his promises: https://www.otcmarkets.com/filing/html?id=17110338&guid=6qd-kFsFCFDvJth

It was preceded by this one 11 days earlier (11/27/2023) wherein they say the initial $100k they had advanced Park suddenly required an additional $400k!!!!!!!! They diplomatically described it as being 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.”
https://www.otcmarkets.com/filing/html?id=17079603&guid=6qd-kFsFCFDvJth

IMO it appears that while Park and his cohorts were conning NHMD and scamming them out of 6 figure sums they never intended to use as agreed and not repay –they were already in talks with SPZI to pull the same scam with them. IMO they found a willing crook in SPZI’s longtime crook Randall Goulding.

Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.