JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

IMO Park is lying again--

(re. his Datang PR) "Additionally, the gold b2b business model for the Gold USA Citizen Visa Investment has been activated and will constitute approximately 25% of the $2,800,000,000 total sales. Details to follow. Total revenues from the sales are expected to generate over 20% gross profit for JP3E, with over 10% net profit margins. https://www.globenewswire.com/news-release/2025/03/20/3046353/0/en/JP3E-Holdings-Inc-establishes-Datang-International-Trading-Co-Ltd-as-Joint-Venture-in-South-Korea-with-China-Datang-Holdings-Group-Corp-Ltd-Acquiring-JP3E-Preferred-Shares-Providin.html

Here's an explanation from the CATO institute which explains how full of shit Park is.

#1. He's implying he will be "shipping" physical gold. That's a LIE. Trump's proposed "Gold USA Citizen Visa Investment" is designed to replace the old problematic "scam" (according to Trump) EB-5 "investment for a green card." As I recall, EB-5 required $800k - $1.1 million to be invested in qualified/ approved ventures (i.e rural or high-unemployment area) IN THE US that created at least 10 full time jobs within 2 years. In exchange they get a green card and potential citizenship.

#2. Trump's $5 million plan will NOT require "investments" into US businesses or create any jobs. That means---

#3. The money goes DIRECTLY to the US GOVERNMENT... not schmuck grifter middlemen like Park. "The government would directly see deficit reduction from Trump’s proposal."

#4. Current EB-5 program "has an annual cap of 9,940 participants, but that includes spouses and minor children, so only about a third goes to investors. After two years, the investor must request that the conditions on the green card be removed if the 10 jobs are realized. As a result of its complicated rules, the EB-5 visa has shockingly high and unpredictable denial rates. Since 2007, more than one in five investors was rejected at the initial stage, and about one in ten were rejected at the second stage."

#5. "Trump will not be able to sell one million green cards for $5 million per card...There are only about 2.3 million people in the world with net assets excluding their primary residence of $5 million or more—and a third of these individuals are already in the United States...most of these highly successful people are highly successful in their home countries and have no reason to move. Some wealthy Chinese people are exceptional in that they may be wealthy, but they have no freedom in China. Of course, many Republicans are averse to helping wealthy Chinese for fear of inadvertently helping a communist. Trump insists that the Gold Card will be open to all nationalities, and applicants will be well-vetted."

#6. very wealthy individuals will usually be able to use their resources and connections to find ways around these problems. Other countries also sell permanent residence at much lower cost than the Trump Gold Card.

More in the CATO report here https://www.cato.org/blog/trumps-gold-card-plan-has-benefits-legal-practical-obstacles