JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Park's willingness to REVERSE SPLIT----

On 9/21/23 NHMD announced Park would be taking over that ticker via a reverse merger
https://www.otcmarkets.com/filing/html?id=16941153&guid=HdQ-knnQ9HXCJth

On 10/12/23 the company (that Park was taking over) announced it Affirms Commitment to Shareholders: No Reverse Stock Split Until 2025... UNLESS the Company is uplisting the Company to NASDAQ or the NYSE. (a favorite excuse to pull a devastating R/S as if no one would possibly sell https://www.globenewswire.com/en/news-release/2023/10/12/2759240/0/en/Nate-s-Food-Co-Affirms-Commitment-to-Shareholders-No-Reverse-Stock-Split-Until-2025.html

POINT BEING...six months ago Park, as presumptive CEO/ Owner, had no qualms about blindsiding shareholders with a reverse split by invoking the ludicrous excuse of uplisting to NASDAQ or NYSE. Talk about delusional... but an expected, common tactic of penny scammers.

Only half of NHMD's A/S has been issued and outstanding. Compare that to SPZI whose authorized shares are 99.999% ISSUED AND OUTSTANDING! THERE'S NO EQUITY LEFT IN THIS BURNED OUT TICKER TOP ISSUE AND FINANCE ANYTHING.

IMO the only options are--

1) Raise the A/S by billions

2) Resort to toxic financing to generate modest amounts of instant cash in exchange for more restricted shares. When the restriction expire, the result is a classic "death spiral." As each tranche of shares (typically 10% of the debt owed) are dumped, the price falls. At that point the lender can legally compel the company to issue them more shares in order to "true up" the debt they owe. As the cycle repeats, the company is legally compelled to issue a virtually unlimited number of shares

3) Pull a massive reverse split to (a) rid the company of gullible shareholders while (b) making a token "reduction" in the A/S which is equivalent to a massive increase thereby giving management the shares they obviously want and need to reward themselves and finance business activity