The scam is very clear to me! A third party bought up millions of shares in the low trips and dumped it with a 10x profit on oblivious investors! Expect 0.0003 very soon!
MAJOR Overreaction and IMSO provided another great buying op, regardless of what the paid/scum spew! ;-)
I'm leaning towards the audit and think that should of stated 3.1 and a typo with 3.01. They received bank verbal agreement for the financing while waiting for the letter, and suppose that could have changed. Then 1.01 item 2 for financing should have been called out in yesterdays 8k.
I agree we should be hearing from NHMD soon to clear the air -- NHMD has been very transparent . I still think we're GOLDEN!
Sterling, you got me thinking more about the secure financing....
JPE Group needed to secure financing for "2" deals in order for the merge with NHMD could close. The chicken deal was just announced 13 OCT. So adding this $300M to the Sugar deal $268M = Total $568M, and JPE /G needed to go back to the bank to secure guarantee of financing.
The audit for the merger cannot be completed until the financing is good to go for BOTH contract deals Sugar and Chicken. The secure financing is an acquisition requirement, and cannot complete the audit for acquisition until secure financing is done.
16 OCT SEC 8K adding the Chicken Paws deal: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001409446/000164033423001841/nhmd_8k.htm On October 13, 2023, we received a communication confirming the transfer of food contracts from JP Energy Partners to JP Energy Group. This transfer is a crucial step in advancing the acquisition process of JP Energy Group. Furthermore, we were informed that this assignment involved a newly executed agreement for Grade A frozen chicken paws in addition to the previous sugar contract.
Sterling The JP Audit completion requirement is 120 days following the signing of the Agreement which was Sept 19 that would take that requirement into mid January 2024 to be completed
OMG stervc… it was planned that way. That’s not a overreaction. The Twitter account stated the deal was done leading everyone to believe all criteria had been met. Why are none of you guys willing to admit that? It was obvious. A complete stab in the back by the company. I thought you of all people would admit it
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