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My understanding is that they filed those 1As in order to get rid of Antonio Guel out of the Mekaddesh Group Corporation (MGC) as a co-owner.
Notice they initially filed 4 members Singh , Antonio Guel, Maria Guel and somebody else, and it ended up with Singh as only owner of the five preferred shares in order to get control of JPEX. MGC wants to associate A. Guel just as a consultant and avoid JPEX to get involved as a party in the case against A. Guel.
IMO, that's the main reason the Share offering is stalled and no updates in the OTC nor the Nevada SOS either.
They will never file all that correctly. Didn't they have to refile 1A like 4 times?
"...The only bright spot is they haven't done shit all year so it should pretty much be a copy and paste of last year's reports with just a few dates changed..."
IMO, for the incoming Q, Jpex must consolidate Mekaddesh's financials into Jpex's, since MGC is its only subsidiary. Last year MGC had substantial gross profits, around $ 1.2 M. Such figures are filed in the 1As disclosures which jpex had annexed when applying for the share offering.
The main issue is related to Antonio C. Guel which is not a US citizen and is not in compliance with the FFC rules. They want to prove he is part of the MGC and treat Jpex as party in that matter. In the mean time I assume MGC has kept working on its 2023-2024 plan stated In the OTC company profile.
Thats my biggest fear right now. This team has been late multiple times and every time it's not that big of a deal. But if they're late here and we get hit with CE they'll never recover. The only bright spot is they haven't done shit all year so it should pretty much be a copy and paste of last year's reports with just a few dates changed. But then again, they've messed up easier things in the past. Here's to hoping Frank cares at all about his 100+ million shares.
Yep, technically due 90 days after end of Q4.
We'll see if we get busted on this ticker very soon.
I believe this is how it works on OTC. If Annual is late OTC will initiate a 15-day "grace period". If not filed before end of grace period JPEX will immediately be downgraded to EM. OTCM getting very strict about the Annual filing deadline.
Believe me. I have experienced this once already with another OTC ticker. JPEX's fate is in the hands of others. Nothing we common shareholders can do about it.
gl
Annual Report is due this month
Gamblers. OTC biggest casino in the world! lol
The shares available increased again today to over 6,000,000 shares at .0008 on the ask and none of those sellers of those 6,000,000 shares believed it was not worth letting 1,000,000 go to buyer at .0007. There must be a reason for that way of thinking. True, things may change tomorrow and there may be a seller. I believe a significant .0008 ask hit is coming in the near future and if they don’t buy all of them, some sellers at .0008 will retreat to higher levels. Think about this! There was about 11,000,000 shares wanted on the bids at .0006 and .0007 and about 6 million shares available on the ask which equals about 17,000,000 wanted to be exchanged and the daily volume turned out to be 1,818.
The SP is being suppressed. IMO, jpex' offering is frozen until Antonio Guel' s affairs with the FCC is resolved. latest news, FCC wants to know if him has ownership on MGC. they have read the 1A Disclousure and A. Guel appears as co-owner, Jpex changed the 1A to reflect he is not involved.
It’s interesting to watch how usually there is a gap in the bid and ask price of .0001. With about 10,000,000 wanted on the bid at .0006 there was about 2,800,000 wanted on the ask at .0008. Now someone puts in a bid at .0007 for 1,000,000 shares and the ask automatically increases to 4,600,000 on the ask at .0008. Knowing how almost all .0007’s have been bought in recent weeks and are getting more difficult to obtain, one would think any longs would not want to increase the ask amount in hopes that the stock is gonna rise soon and that would be more financially beneficial for them. If any longs are so desperate to exit JPEX, those shares wanted at .0007 should get filled immediately imo. People are watching this stock. I see the bid size starting to increase here at .0007 and the increased amount on the ask is being done so as a deterrent. I believe someone is gonna teach that ask a lesson here soon at .0008…
Thanks for the kind reply.
Frank still has his approximate 125,000,000 shares…. I am sure 99% of the people are under water here but that doesn’t mean things won’t be changing in the future. Buy when they are cheap is the extra money exists…
Abyers, you still in this thing~?
Tractor I give you a gold star 🌟 for hanging in this thing.
Still have my shares, although not that many compared to most.
OTC is Chocked full of 💩 like this.
Live and learn. Is Frankie still in this thing~?
13 bagger~? Yeah right. 😆🤣😂😹😆🤣😂
I'm one of the bags.
I look at Hovendicks investment in this and what kind of time and money he has already put into this this affair. Assuming he has 100,000,000 common shares and a .01 price makes his shares worth $1,000,000.00. I think that wouldn’t cut it for everything he has been through here and it would need to be much higher because I think $1,000,000.00 is about Hovendicks break even point! .01 is about a 13 bagger from this point with the share price at .0007…
I have the impression that MGC has become public thru JPEX to sell the whole company to another nationwide tv company. As stated in the 1/A series Singh , age seventy + years, is the owner of the series A shares, and Maria Guel current Ceo, is just a proxy of his father Antonio who is might to be fined $1 M + to the FCC, MGC'assets are worth $200 M + and have GROSS PROFIT $1.1 M plus cash from the offering, from $4M-16M. so my wild guess is SP around 0.035 .
To be sure Hovendick should be involved.
As of JPEX last filing Hovendick was reported to own 100M shares of JPEX common stock.
Even if the Guels went into this merger specifically to make large amounts of money off the offering and nothing more, there is a lot of money to be made here and I see it happening in 2024.
Talking about Mitch Hovendick I was searching about his actual endeavor
Mitchell "Mitch" Hovendick** is a principal at EnCap Investments, a private equity firm that focuses on the energy sector. https://www.encapinvestments.com/team/mitchell-d-hovendick.
I wonder if he is involved in the $16 M offering funding. IMO, he is quite qualified for such task.
And the last trade was 500 shares at 00074 minutes before the end of the trading day. The 50 MA is above the 200 MA which is considered bullish, so I agree Jpex is heading north...
The never ending meaningless and worthless trades into the bid that continue to amount to roughly $10.00 before trading fees is a major sign that this will move north significantly at some point. The first trade yesterday was for 1000 shares at .0006 and that was the only volume for almost 1.5 hours. Example is todays current volume of 29,250 x .0006 = $17.55 before fees!
Too much legal crap with this ticker.
Thought we were done with that when Hovendick got involved.
This ticker is just full of surprises and so far none have been good for its share price. lol
IMHO, The main issue is that Antonio Guel is not a US CITIZEN so his licenses on the Hispanic station are revoked and he might be guilty of perjury together with his niece Juarez. How does it affects to JPEX? worst case scenario Jpex breaks out the merge and sues MGC for misrepresentation and MGC will settle eventually but I think the judge might understand the merge to be legitimate and JPEX and MGC together have an interesting plan wich is worth much more than a settlement, bu who knows !
Thanks for your insights. My impression overall is that the FCC case vs. ANTONIO CESAR GUEL is not good news for JPEX.
https://docs.fcc.gov/public/attachments/FCC-24M-01A1.pdf
"...22. Separately, the Bureau attaches to its Reply a document from the Securities and
Exchange Commission (SEC) that it recently discovered reflecting the acquisition of Mekaddesh
by JPX Global, Inc. in 2023.62
The Bureau submits that the SEC document appears to indicate
both that Mr. Guel has an ownership interest in JPX Global and that he was considered to be one
of the sellers of Mekaddesh.63...."
IMO, It appears that the Antonio Guel' affair with the FFC is impacting in the share offering until his real involvement in MGC is clarified, also 2 stations declared as belonging to MGC will not be licensed to it .
added lets see if some more 7s pop up
Gtsm at the bid 2.4M and at the ask 0.3 M. Certainly it wants to load cheapest possible price
It’s not a mirage that someone or some people decided to buy about 10,000,000 shares of the ask at .0007 over the last two trading days. They would only be doing so with the belief that those purchases would become profitable.
It's just a mirage. lol
ASK orders come and go daily.
ask surely looks like its thinning out!
Correct, I see MM ETRF with 1.48 M at 0007.
I wonder if the today's buyer knows/has insider info or it is another buy low sell a bit higher!. Why is that the Q report not been filed?
All under masked asked quantities… After the big 8 million share buy the ask went to .0008 and shortly after it showed 610,000 available again at .0007. Then a 965,000 ask hit happened at .0007 and the 610,000 shares are still showing to be available at .0007…. Five minutes later the ask now has 2,090,000 available at .0007…
Someone loading the boat today 8M bought at the ask today so far.
One bullish thing is that the 50 MA is already slightly above the 200 MA. Any positive news and this will skyrocket IMO.
Nice way of looking a t things
"I'm quite suspicious that there is no news that way they maintain the share price suppressed in order to buy the share offering as low as possible. "
That sounds like just an attempt to justify to yourself why there have been no updates. Frankly, in my opinion that is just silly pumper-type talk with no basis in reality. "
Your assessment fails to mention two important facts found in the 1/A s disclosures 1. MGC' GROSS PROFIT of $1.2 M 2. MGC' ASSETS valued above $200 M, when both statements become consolidated into the JPEX' Q filing and the market realizes about it the SHARE PRICE could easily explode , I believe , above a penny. That's why I believe the SP is being suppressed.
I dont think the merge has not failed, there would ve been a new disclosure related to it, including the cancelation of the share offering. IMO
Frank stands to take some of that raised cash home? At what price is the offering? You posted that:
“It might not be a stretch to wonder if the deal has fallen apart just like Frank's others have”
Tell us if Frank bought the approximate 100,000,000 shares he has on the open market back in 2022? Why are you promoting the idea of Frank taking some of the cash home from the offering while at the same time telling the board the deal has probably fallen apart and if that was the case, Frank would not be taking home any money from offering? What would be Hovendicks belief be in all of this knowing he is probably the guy down the most financially in JPEX just in case you were not aware?
Congratulations on your failed attempt to profile me in a wrong way. My last email conversation with Maria was in late October so it is not a claim. I have.had no reason to converse with her since.
“Trying to shift blame to being "afraid to call the company" as a distraction from the fact of no more email replies is bullshit”
And how does Jayman know Maria is no longer accepting emails? Did you call JPEX? Did you email JPEX? Why is Maria not accepting emails anymore? You must have a reason from the company or it’s only an opinion.
It may not be a stretch you are providing false information to this board. After reading the majority of your posts about JPEX I find it strange you would contacted the company about anything. I am calling bs.
Hi Jayman when you talk about "deal falling apart", are you talking about the share offering ?. Even if it failed, they mentioned in the 1/AA disclosure that MGC Had gross profit above 1.2 Million in 2022, so I suppose 2023 gross profit should ve been in the same range.
I'm quite suspicious that there is no news that way they maintain the share price suppressed in order to buy the share offering as low as possible.
Congratulations on your claim of receiving email replies from her in the past.
Apparently she is no longer replying to email inquiries, however.
Trying to shift blame to being "afraid to call the company" as a distraction from the fact of no more email replies is bullshit.
Why is she no longer replying to emails?
It might not be a stretch to wonder if the deal has fallen apart just like Frank's others have.
I have already posted that I had emailed Maria before and have received a reply on more than one occasion. I was the one who provided the email address that is also provided on the exact same link that the business phone number is on. If you are afraid to call the company you are invested in regarding what you believe should be happening and why things haven’t happened, that is your business.
Reason is simple I rather have a written reply, they are usually well thought answers plus I can post it here for sharing the general public. how about you? Did you ever got a reply from them?
Any reason why you never simply called the company and asked them yourself? Do you see how their website has a phone number? This is a business which builds stations, installs studios, and construction and installation of cell towers! Why would they not answer the phone if they are always seeking new clients? You could even tell them you heard of their upcoming offering and would like to get involved and when will it be happening. It’s your investment so do your own homework.
https://mekaddeshgroup.com/
Any reason To buy JPEX?. I ve never got a reply from CEO Maria Guel. If you contact her tell WHY NO Q filings, nor news on the offering, no news on goals accomplished past year if any, NO UPDATES on both OTC and Nevada etc etc TIA
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