Replies to post #86588 on Nate's Food Company (NHMD)

[jdcpa1]

It's insane how much business John Park is connected to. Look at the website, it's all over it. Many of these businesses have been around for years and I bet they make Bank! We will know soon enough.

[Lottalead]

It’s incredible that so many can’t see what has been laid out before them.
Credibility has been achieved and it’s undeniable.
All revealed appropriately , transparently with filings with the SEC.
9 more days…

I wonder when they share that the SBLC from the Bank has been finalized..
There is plenty of confusion by folks who think that JPE has to “finance” the contract amount. They do not. The SBLC is more of an insurance policy that guarantees creditworthiness of a company….


What Is a Standby Letter of Credit (SLOC)?
A standby letter of credit (SLOC) is a legal document that guarantees a bank's commitment of payment to a seller in the event that the buyer–or the bank's client–defaults on the agreement. A standby letter of credit helps facilitate international trade between companies that don't know each other and have different laws and regulations. Although the buyer is certain to receive the goods and the seller certain to receive payment, a SLOC doesn't guarantee the buyer will be happy with the goods. A standby letter of credit can also be abbreviated SBLC.
1

How a Standby Letter of Credit Works
A SLOC is most often sought by a business to help it obtain a contract. The contract is a "standby" agreement because the bank will have to pay only in a worst-case scenario. Although an SBLC guarantees payment to a seller, the agreement must be followed exactly. For example, a delay in shipping or a misspelling a company's name can lead to the bank refusing to make the payment.

https://www.investopedia.com/terms/s/standbyletterofcredit.asp

Now that the pre 14C is out, I wonder how long before the company shares Attachment A…
I wonder what surprises will be revealed then…
I think it comes Very soon.

[jdcpa1]

A year ago JP Energys Partner signed a long term LNG agreement. Read how big this terminal is below. They will be a beast with Monsta partners!!

Jiaxing LNG Terminal starts operating

chinadaily.com.cn| Updated: July 27, 2022

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A vessel from Bintulu Port in Malaysia leaves Jiaxing in East China's Zhejiang province on July 21 after it unloaded its load of liquefied natural gas.

A vessel from Bintulu Port in Malaysia left Jiaxing in East China's Zhejiang province on July 21 after it unloaded its load of liquefied natural gas. The vessel is the first LNG carrier to berth at Jiaxing LNG Terminal.

The Jiaxing LNG Terminal is the third LNG terminal to begin operating in Zhejiang province after the Ningbo LNG Terminal and Zhoushan LNG Terminal.]

The Jiaxing LNG Terminal is currently the only natural gas import facility and important energy guarantee facility in northern Zhejiang province.

The terminal was constructed by Jiaxing Gas Group Co Ltd and Hangzhou Gas Group Co Ltd. It started construction in March 2018 with a total investment of about 2.4 billion yuan ($354.6 million), including reservoir area engineering, wharf engineering and external pipeline engineering.

The terminal's wharf now has a 30,000 gross tonnage LNG unloading berth and a 5,000 gross tonnage LNG loading berth. Natural gas can be transported to the Yangtze River Delta region through LNG carriers, terminals, and natural gas pipeline networks.

The designed annual LNG handling capacity is 1 million metric tons, which is equivalent to replacing about 1.82 million tons of coal per year and is expected to reduce carbon dioxide emissions by about 3.8 million tons annually.