The DEF14C only gives the final results of the shareholder vote on whether to do the RM or not. It was a given considering the voting rights of the Preferred shares. The RM has not been closed until the conditions for closing are met.
A DEF 14A (Proxy Statement) filing is typically not directly related to dilution of shares, but it can contain information related to dilution if the matters to be voted on at the shareholders' meeting include proposals that may lead to dilution. Dilution often occurs when a company issues additional shares of stock, such as through stock options, convertible securities, or secondary stock offerings. These issues can impact the ownership percentage of existing shareholders and potentially lead to dilution.
Make no mistake the scammers behind this shell have no intention to merger ,the current ss should tell the story!
Time will reveal who’s really stupid here! Yes indeed everything is mention in last 8K that nothing will come to fruition, you are falling in the scam with your eyes wide open and that’s pretty stupid!”
It is vital to note that, as of the present date, two key points are worth mentioning. First, no shipments have occurred under this contract due to JP Energy Group's ongoing efforts to secure the necessary financing for contract execution. Second, we currently lack specific information regarding the timing or certainty of JP Energy's ability to secure the required financial arrangements for these contracts. ??We should emphasize that our knowledge is limited to the information provided to us by JP Energy, and thus, we are unable to offer a specific timeline or guarantee regarding when JP Energy will successfully secure the necessary financial arrangements. It is important to highlight that shipments under the disclosed chicken and sugar contract cannot begin until JP Energy has finalized and obtained the essential standby letter of credit from a bank. ?? What do you not understand, please explain….. just curious
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