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Wednesday, May 01, 2024 4:43:08 PM
Park has claimed to have "fully executed contracts" before that apparently turned out to be bogus--
A Brief Timeline Of Events For NHMD:
On 9/22/23 Nate’s Food, Co., released a press release stating that the company was undergoing a reverse merger and change of control with JP Energy Group. According to the update, the company successfully executed an agreement to acquire JP Energy Group, a transaction which is labeled as an accounting reverse merger. We suggest reading our write-up on penny stock reverse mergers, to best understand the sudden value that such a transaction can bring to a penny stock and why this company was able to see such rapid growth in price per share in such a short time.
The news release went on to explain that JP Energy Group, was established in September 2023 for the purpose of completing the contract executed by JP Energy Partners as disclosed in the companies 8-K filed on 9/21/23. On May 31, 2023, JP Energy Partners entered into a contract for the supply of up to 600,000 metric tons of sugar to be delivered to China comprising of two shipments.
According to the news update, the reverse merger agreement between Nate's Food Co. and JP Energy Group would not close until the following conditions have were met:
1. JP Energy Partners has transferred all rights to the sale of the sugar mentioned above to JP Energy Group.
2. JP Energy Group has secured the necessary financing for the sugar contract.
http://www.pennystockdream.com/blog/nhmd-up-1400-in-two-weeks-amid-reverse-merger-and-cancellation-of-1-billion-common-shares
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Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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