JPX Global Inc (JPEX)

[tractor4sale]

Good thing you are always paying attention!

[jufel]

Is the attorney letter the missing link?

[Jayman5000]

No, I didn't. Believe it or not, it isn't my responsibility to personally instruct them on how to run their public company.

Did you take the two minutes required to contact the Mekaddesh Group to tell them they only have two weeks left?

[tractor4sale]

Feel free to fill my .0004’s if you can? Did you take the two minutes required to contact the Mekaddesh Group to tell them they only have two weeks left?

[Jayman5000]

Expert Market isn't nearly as fun as it sounds. They've got two weeks to fix their shit.

[tractor4sale]

Uh Oh! That’s scary! NOT!!!

[Jayman5000]

JPEX now has Grace Period and Dark or Defunct labels at OTCMarkets.

https://www.otcmarkets.com/stock/JPEX/profile

[jufel]

Most stock pundits agree on one thing, we are headed for a crash worse than 1929, SP and Nasdaq almost at all time high because one reason November election, once that effect is over then pain will come to pinch the buble the whole market included Cripto currency, if US and Russia have a barely decent GDP growth is because of the war. Last time I checked Harry Dent, which have been wrong this past year predicting the market, mention to follow the Russell 2000 very closely since it is the only one not going up unlike the other indexes.

For us, otc trader, we are already in a depressed mode. Jpex shareholders are hostages of MGC' affairs with the FCC. Notice that A Guel is not mentioned at all in the latest filing.

[Mavlo77]

I’ve said this before here. The only good news is it’s not the individual stock. The entire OTC is sluggish. My theory is that most of the money has been moved to crypto. And unfortunately I don’t see that money returning until 2025 if ever. I see people in Crypto talking about 10x, 100x, and 1000x+ plays. Sounds familiar right. That’s what we all used to get excited about in the OTC. Since both crypto and penny stocks are extremely risky, my fear is that investors are looking at crypto as the new OTC. Thoughts?

[chemist72]

Patience on the OTC has been required lately.

Most of my OTC tickers have big double-digit losses from my average cost. It's very depressing.

However, there are 9 months left in 2024, so a turnaround is still possible.

No point in being totally negative.

BOL

[jufel]

"Possibilities exist for good news on several fronts. "

Agreed.... If MGC' s financial statements are correct then when the reverse merge are finally done then JPEX SP could be worth above a penny plus. Patience is paramount for us in the meantime.

[chemist72]

Agree. Possibilities exist for good news on several fronts.

But at least JPEX has roughly another 12 months before shareholders have to worry about the dreaded EM downgrade.

[jufel]

"I believe they will need another Attorney Letter in order to be upgraded back to Pink Current."

Right, also I'm waiting for the judge to decide if Jpex is party on the FCC case against A. Guel which IMO is holding off the Reverse Merge + the share offering + the other plans mentioned in the filing.

[chemist72]

Annual report guarantees PL for another 12 months.

I believe they will need another Attorney Letter in order to be upgraded back to Pink Current.

[jufel]

I wonder if she is prepared to be a public company CEO. It seems like by having the control majority would means they do whatever including not doing basic duties as updating fundamental information, like Maria Guel as current CEO, in both the Nevada site and OTC as well. Also Some information made to the sec in the 1-As filings has contradicted the latest semi-anual report. For instance they first claimed JPEX had bought MGC in March 2023, now they say they are still in a "pre stage" of MGC reverse merging JPEX.

[tractor4sale]

Do the offering! But at the same time, any form of company updates to create investors awareness along the way can’t hurt the situation over the last year…. Maria Guel is the CEO of JPEX and nobody else! It’s her responsibility to open her mouth once in a while to at least say hello imo…

[jufel]

Question is what happen if the judge decides jpex' must be a party in Antonio Guel' s affairs?. IMO, That's a main reason to hold the offering and the reverse merge too. There could be some damages if they find that A. Guel was part owner more than a consultant in MGC and order of forfeiture could be in place.

[tractor4sale]

Perhaps…. The thing to me is the FCC thing is only one thing. This company has had lots of time to bring attention to outsiders and current shareholders who have been here for years with any form of information. If the company has announced a major dilution that long ago, any form of news from the company would create a higher share price to assist in the raising money through the dilution. Company silence for over a year would be the last thing you would want to do! Say whatever is necessary to at least give the impression that the company is still alive and moving forward with their plans. JPEX is THEIR publicly traded company now and AT LEAST act like you care about it and the companies future…

[jufel]

Yeah I saw it. From what I read, they have done some of what they planned for 2023 and probably will finish the 2023 plans this year. They have hired 5 employees so far. I would like to see MGC' annual financials for 2023 and analized the progress done it if at all. I still think that Antonio Guel 's affairs with the FCC is keeping the merger and its plans in a waiting stage from both parties at least until it is solved favorably. What do you think?

[tractor4sale]

Did you see this in the 1-K? Wasn’t this supposedly the “plan” for 2023? It now looks like the future company goals have been conveniently pushed back another year… I really don’t see these events getting accomplished unless the offering goes through and come Monday, 2024 will be 25% over…

“Mekaddesh’s goal for 2024 is to finish the construction of several television Stations with 6-8 Sub-Channel independent broadcasting programs on each station. In addition, by 2025, the Company’s goal is to build at least 20 television Stations combined with high power FM stations in the most important cities within the territory of the United States. Thereafter, by 2026 it plans to acquire properties to build own communication towers, and thus become completely independent from leasing properties, and at that point, to start providing space for television and radio stations.”

[jufel]

Now that 1K is filed will jpex stay pink limited or go back to pink current?. One thing is for sure Jpex stays shell risk until MGC REVERSE MERGE JPEX.

[jufel]

"Mekaddesh buys JPEX for .0004 from Alpharidge… "

Only if MGC doesnt pay those 0.475 M + 12% interest.

MGC WOULD REVERSE MERGE JPX which is still not a done deal so far. However Maria Guel is Ceo of both JPEX and MGC....I still dont get it. Maybe this has to deal with the Antonio Guel issues with the FCC.

[tractor4sale]

Mekaddesh buys JPEX for .0004 from Alpharidge…

“On March 9, 2023, pursuant to an agreement to purchase the five preferred shares control block of JPEX in exchange for $475,000, secured and memorialized in a convertible note of $475,0000, Alpharidge agreed to sell and transfer control of JPEX to Kuldip Singh, Jagandeep Kaur and Maria Guel.. The convertible note could convert at the discretion of the holder at $0.0004 per share. The Note has a 2-year term with 12% interest rate. Both principal and interest payments are deferred until maturity, or whenever the Company decides to pay off the Note. At the request of the Noteholder, the Company is required to increase the number of shares it is authorized to issue to the amount needed to accommodate the conversion of the Note”

[jufel]

Semi-anual report has been filed
https://www.otcmarkets.com/stock/JPEX/disclosure

K report

[Jimmy Joe]

IMavlo77, I totally agree with you. The commercial real estate cataclysm which makes China look like a pimple pop is approaching and there isn't ANYTHING banks can do to stop it.
Crypto and physical assets like gold, silver, property, and Bitcoin are where money is leaving BANKS by the billions. Also money markets for 5% or greater returns (but no countries are buying US bonds). Physical assets are much better IMO.

Black Rock holds like 314K or more in Bitcoin just for their ETFs.

Hoping they have something nice planned for this ticker. The overall environment for new companies is not going to be kind.
I may end up bailing, taking the loss, and putting my money in something else.

What you are suggesting didn't just happen this year, I think it is the reason many companies decided to ditch plans soon after acquiring many of these tickers.

Medium is another company which hasn't done a Wilton, but has languished in updating their ticker for like 2-3 years now~?
The Metaverse is DOA for now I think. Many people are apprehensive when it comes to AI too.

Just tired of waiting with dead money here. Maybe your post is what I needed to get me motivated to sell.

We'll see what happens very shortly. I need to decide very soon.

Thanks~!

[Mavlo77]

I hate to say this but I’m not sure it’s the stock. It seems to be the whole market. We all might be screwed in the OTC for a while. If you’re in the OTC that means you have a very high risk tolerance for your investment. From what I’m seeing right now on social media all the hype has returned for crypto. I feel like the people who want to “gamble” have taken most if not all their disposable income to crypto. I can’t say that I blame them. After this Bitcoin halving I keep hearing about it might be lights out for us for another 12-24 months. It’s just my opinion and I hope
I’m wrong but the writing seems to be on the wall. I need more crypto. lol.

[Jimmy Joe]

There is NOTHING of interest here to see. This ticker is as dead as a doornail PERIOD.

Looks to me like Mitch has DONE IT AGAIN by golly~! Another Scorpex type garbage holding.

As Clara says "Where's the beef~?"
Hovendick just likes having things I guess. There certainly isn't ANYTHING to see here.

Still have my position and want for this dufus to do ANYTHING to get the share price to my average or a bit higher. then I'm outta here like Vladamir, What a POS and waste of money this was. BAD overall investment Mitch fought so hard for.

Thanks for nothing buddy~!
Somehow I think Mitch makes money off holding this shell and just likes to hold it.

Would have been better off letting Frank take it with VeeMost as the Company. At least people would have had a good ride up with that one. Instead Mitch fights for this and does ZERO with it. Nice. Great. Good stuff there.

What 🤡s.

As for your investment in this tractor, you are either a genius or quite the opposite, If this is a long term investment good luck with that idea.

Really am disgusted.

[Bauer75]

I hope you're right, but the clock is ticking so I guess we're just back to waiting like always.

[jufel]

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.

[Bauer75]

They will never file all that correctly. Didn't they have to refile 1A like 4 times?

[jufel]

"...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.

[Bauer75]

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.

[chemist72]

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

[jufel]

Annual Report is due this month

[chemist72]

Gamblers. OTC biggest casino in the world! lol

[Ramazing]

Who the f is buying?

[jufel]

This Am slapping the ask 2.5 M so far

[eyeownu]

$JPEX gobble gobble

[tractor4sale]

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.

[jufel]

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.

[tractor4sale]

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…

[Jimmy Joe]

Thanks for the kind reply.

[tractor4sale]

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…

[Jimmy Joe]

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.

[tractor4sale]

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…

[jufel]

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 .

[chemist72]

To be sure Hovendick should be involved.

As of JPEX last filing Hovendick was reported to own 100M shares of JPEX common stock.

[tractor4sale]

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.

[jufel]

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.

[jufel]

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...