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Agree, Once Ms. Guel makes a public statement about JPEX newly acquired assets plus announcement of the offering and its bold plan to become a major media at least in the Midwest part of the country then JPEX should raise accordingly. Question is if Ms Guel knows how to handle a public company. How many people are aware of the last disclosure aka 1-A/A-?-
I truly don't think we deserve to be at .0004, and the offering stating that price starts at the 52 week low honestly makes me feel good about our price point. Someone clearly drove the price down to get it for cheaper, and once they're done with the dealing's, the prices should at a minimum go back to where they were. I mean if Veemost can pop GDVM to like .12 or so then a group like MGC should make this pop too.
I have the feeling everything about this offering was already setup after a careful planning. Once it is approved by the SEC, the "new investors" will buy the 4 billion shares and it will set in motion the MGC's plans about the 20 TV stations in major cities and other details etc.
Hopefully, Maria Guel will publish a resonant PR and the PPS raises to at least 0.004 even though the value of JPEX should be 10 times 0.004 in that not-so-distant time.
.
Kuldip Singh is 75 years old and is a director of Mekaddesh! I really think his presence with Mekaddesh is a major piece to this puzzle and he is the smartest individual within the entire company. Because of his age and years of business experience, if there was any funny business going on or the company was set up for failure, he would not be there imo. No true large investors/buyers would be diving into an otc investment like this without factual knowledge that there is gonna be a return on their investment.
"$16M offering starting with prices at the current 52 week low price of .0004."
The only thing I can think of this offering is that they already have the buyers, else this offering will be doomed IMO, with the current economic environment and OTC stocks practically dying all across the board. In the Form 1-A they mention they have professionals from LA that will join the staff, I wonder if the investors are from there?
Maria Guel and Mekaddesh just can’t do an $16M offering starting with prices at the current 52 week low price of .0004. Even if this is an orchestrated and planned pump n dump to simply make money, If you cannot pump the share price up from .0004 there would be no money to make! That would also mean that Frank and Hovendick and their combined 335,000,000 shares are shit out of luck without any upward movement and each of them would suffer major financial losses from allowing this merger to happen with Mekaddesh.
IMO, the Mekaddesh Group is in charge now. The issue here is if the new CEO Maria Guel has the experience to manage a public company and all the requirements inherent to it. That includes publications of material events. She should disclose at least the new board in both the Nevada Sos and at the OTC web page. Will she acknowledge if the offering is approved by the sec and who are the buyers of it?. Conversely, in the meantime selling of the stock keeps hovering the PPS to a crashing level. Even when we now know the asset value is more the 4 Cents/share.
I'm just wandering if Frank and alpharidge are actually not running the show anymore then who can we expect to get news from? I feel like somethings still happening behind the scenes, and at least we have a filing so we can stay pink. I know that's nothing to celebrate but when looking at some others I'd say it's a good start.
Maybe just not updated? There are to many JPEX statements out there saying Maria Guel has been the CEO since April 2023 and if those statements were false, those would be grounds for libel cases. I just don’t see that happening.
https://www.linkedin.com/in/maria-guel-89457696
https://mekaddeshgroup.com/
I wonder why Maria Guel is not mentioned as the CEO at the OTC web page?
That was an error on my behalf. There has not been A NEW CHANGE OF CONTROL from the Mekaddesh Group by the end of June 2023. JPEX is still being listed as NO LONGER being a shell. Again, unaudited filings as noted. I googled Maria Guel and a blog says she has been the CEO of JPEX since April 2023. That would mean Mekaddesh Group SHOULD have been a part of JPEX in April 2023 imo.
JPX Global, Inc. (JPEX) Leadership & Management Team Analysis
Ms. Maria Guel is the President, Chief Executive Officer and Director of the JPX Global, Inc. since April 2023.
" ... So by the end of June 2023, the merger with Mekaddesh still did not occur?.. "
Very interesting question. JPEX is still a Risk shell company since the MGC's assets are not included in the last filing!
Talking about the MGD´s Assets: Tv Stations listed in the report 1-A/A , the Station KHDE-LD ( Number 4 in the list) is the only one mentioned in the Federal Communications Commission's possible list of revocation ( KHDE-LD ,KJTN-LP, KZAB-LP, KZTE-LD, KTEQ-LP, KRPO-LD, and WESL-LP.)
Total Value
1 Chicago, IL WYCH-LD 127990 8,901 8 $ 6,230,700 $ 49,845,600
2 Dallas, TX KWDA-LD 130929 6,488 8 $ 4,541,600 $ 36,332,800
3 Houston, TX KZHO-LD 130345 6,603 8 $ 4,622,100 $ 36,976,800
4 Denver, CO KHDE-LD 189604 2,897 8 $ 2,027,900 $ 16,223,200
5 Washington, DC WNDC-LD 130443 5,434 8 $ 3,803,800 $ 30,430,400
6 Phoenix, AZ KJPO-LD 128085 4,652 8 $ 3,256,400 $ 26,051,200
7 Austin, TX KZAU-LD 130357 2,174 8 $ 1,521,800 $ 12,174,400
8 Whichita Falls,tx K32KT-D 130033 130 6 $ 1,000,000 $ 6,000,000
9 Laredo, TX KXDO-LD 130280 329 7 $ 1,000,000 $ 7,000,000
10 Odessa, TX KZOD-LD 130504 244 6 $ 1,000,000 $ 6,000,000
11 Lubbock, TX KYLU-LD 130367 258 6 $ 1,000,000 $ 6,000,000
12 Corpus Christi,TX KXCO-LD 127994 318 7 $ 1,000,000 $ 7,000,000
Total Value: $240,034,400
Details of TV Stations
1 Houston, TX 106.1FM 147704 6,603 $ 5,500,000
2 Dallas, TX 106.5 FM 150497 6,488 $ 5,400,000
3 Ft. Worth, TX 92.9 FM 146564 6,488 $ 2,800,000
4 Orlando, FL 93.7 FM 143018 2,071 $ 2,200,000
4 San Burnadino, CA 106.3 FM 156157 2,556 $ 3,200,000
Total Value: $19,100,000
Q2 filings! (Unaudited)
https://www.otcmarkets.com/otcapi/company/financial-report/378772/content
There are no guarantees and the Company is providing NO assurance that it could close this acquisition. Even if the Company was able to close the acquisition, the Company provides NO assurance that it could efficiently manage the the integration of the businesses and improve their operations to improve their revenue or operating income generation. Although the staff of the acquired businesses would join our operating staff, there are NO guarantees that any synergy would be created or improved operation derived.
Change in Control
Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period: Yes: ? No: ? (Checked No)
* So by the end of June 2023, the merger with Mekaddesh still did not occur?
The 1-A dated 6/23/2023 says JPEX:
Exact name of issuer as specified in the issuer's charter
JPX Global Inc.
Jurisdiction of Incorporation / Organization
NEVADA
Year of Incorporation
2008
CIK
0001506814
Primary Standard Industrial Classification Code
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
https://www.benzinga.com/secfilings/23/06/33002188/jpx-global-inc-form1-a
Quite a few things to scratch your head about! The silence will be broken at some point and until then we wait!
Also In the report 1- A/A
There are 2 Exhibit A , the first one related to the Note conversions the second one related to the list of TV stations.
I don't see in the report any mention of the Exhibit A as a list of TV stations!!!
Report 1-1A
Inconsistences still prevailing in the same report.
In Exhibit 12.i Date June 23,2023 From Udo Ekekeulu to Maria Guel
"Dear Ms. Gruel:
I have acted, at your request, as special counsel to JPX GLOBAL, Inc., a Nevada corporation (the “Company”), for the purpose of rendering an opinion as to the legality of 4,000,000,000 shares of Company common stock, par value $0.001, offered by the Company at a price range of $0.001-$0.01 per share of Company common stock to be offered and distributed by Company (the “Shares”), pursuant to a Tier 1 Offering Statement filed under Regulation A of
the Securities Act of 1933, as amended, by Company with the U.S. Securities and Exchange Commission (the "SEC") on Form 1-A, for the purpose of
registering the offer and sale of the Shares (“Offering Statement”)."
SEC link to the 1-A/A: https://www.sec.gov/edgar/browse/?CIK=1506814&owner=exclude
Don't forget this SEC document was just filed on Friday, 8/11/2023.
The 1-A/A states the following:
"...cautionary statement..."
This is just a safe harbor from jpex to avoid future misinterpretations by possible investors in the remote case jpex goes south. Anyway, not long ago I read similar valuations for tv stations which were in different midwest cities. They are posted somewhere in this board.
Agree. Tried pointing this out in an earlier post.
ICYMI - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172576376
Yes, assuming they sell the whole offering. The OS then would be 5673 M shrs. Total assets would be $250 M + $16 M. Assets per shr = $0.046/shr
In report 1-A they talk of 2 entities, jpex which had lost $55K and it is a on going concern and the second entity is MGC which had gross profits of $1.4 M and net profits of $0.5 M , both in the period of 2022. Remember MGC had become subsidiary of JPEX in March 2023.
Or possibly that an AUDIT has taken place! Past tense! Aren’t Q2 financials due next week!
Wonder when JPEX will update their OTC webpage?
For example, the 1A/A clearly states that Maria Guel is the CEO of JPEX, while JPEX's OTC webpage lists the current officers as:
From P. 31 of the 1A/A.Ambrose Okechukwu Egbuonu - President, CEO
Frank lkechukwu Igwealor - CFO
Those contradictions indicate an AUDIT is in order.
From yesterday’s 1A/A release:
Going Concern
The financial statements attached to this Offering Circular have been prepared assuming that the company will continue as a going concern which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business. For the 12 months ended December 31, 2022, the Company has incurred a net loss of $57,070 from operations. It used cash in operations of $49,004. We had an accumulated deficit of $33,751,390 as of December 31, 2022
From the 1-A released over a week ago:
"Following the acquisition, Mekaddesh Group became a subsidiary of JPEX"
"Mekaddesh Group´s Net revenue in 2022 was $1,984,947 which was increased by 345% over $445,745 in 2021. Gross Profit. The gross profit in 2022 was $1,144,707”.
These are some pretty absurd clerical errors. From stating having a profit of $1,114,707 in 2022 to then stating a net loss of $57,070 in 2022 over the course of releasing the 1-A and 1-A/A within about 10 days of each other.
It may be a boilerplate phrase that is required and included in any publicly traded offering filing and there are lots of them. The offering still has to be approved by the SEC but if you are truly concerned about it while the stock is hovering near the bottom of the offering price, you may want to email the company below that was listed on todays filing for a better answer or clarification to what that means.
Udo Ekekeulu, Esq.
Alpha Advocate Law Group PC
11432 South Street, #373 Cerritos, CA 90703 310-866-6018 Alphaadvocatelaw@gmail.com
If this asset estimate is accurate, JPEX would own ~$.04/share in assets.
However, notice the caveat:
Take a look at this from P.133:
It’s contradicting information as you can see. Public records show that Antonio Cesar Guel is 53 years old and Maria Guel is 47 years old. Now this link shows in the second blog that Antonio C Guel is related to Maria Guel age 47 and another Maria Guel age 32. It’s hard to say but maybe the daughter is running the ship as of the new merger date. But as you can see in this second link that a Maria Guel (47) is noted as being the President, CEO & Director of JPEX. That is why I stated they were married because Antonio and Maria are only 6 years apart in age.
Key Executives
Name Title Pay Exercised Year Born
Ms. Maria Guel Pres, CEO & Director N/A N/A 1977
https://radaris.com/p/Antonio/Guel/
https://finance.yahoo.com/quote/JPEX/profile/
We are interested only in the daughter right ? LOL
Respect to the father he is probably using a younger photo, don't you think so?
Maria Guel here says she was born in 1977 would mean she is currently 46 years old.
Name Title Pay Exercised Year Born
Ms. Maria Guel Pres, CEO & Director N/A N/A 1977
https://finance.yahoo.com/quote/JPEX/profile/
Now when you look at the recent photo of Antonio Cesar Guel published here in this link from 6/2023, it shows a guy without any gray hair which makes me ask myself if Maria Guel (46 years old) is really his wife. If Antonio is her father it would be safe to say he would be in his mid 60’s. My conclusion is Antonio Guel is married to Maria Guel and they have a daughter named Maria Guel as well.
https://www.linkedin.com/in/antonio-cesar-guel-894579b3
Now look at this showing Antonio Cesar Guel is 53 years old. “Related to”
https://radaris.com/p/Antonio/Guel/
Antonio C Guel
Age 53
/ Sep 1969
View Profile
Mesquite, TX
ALSO KNOWN AS
Antonio Guel Antonio Medina Antoniocesar Guel Cesar Guel L Guel Antonio Medinasr Cesar Guell Guel C Antonio
RELATED TO
Mario Ramirez, 33 Elena Guel Maria Guel, 47 Ana Guel, 30 Cesar Guel, 29 Maria Guel, 32 Cruz Guel
HAS LIVED IN
Mesquite, TX Dallas, TX Canoga Park, CA Garland, TX
I agree 100% and also taking into account the growing number of franks other ticker flips that turned out to be major fails, he needs a win and needs it to be big. If it has to be us then so be it. I'll tag along for the ride.
Well done! And neither Frank or HD intend on selling at .0004! Frank has already lost major money on his stock purchases done on the open market quite a while back after the Veemost merger cancellation but I still question the revised lowering of the offering price within just over a week from the original 1-A.
Bottom of page 32 says it all. Frank still has 160 mill and HD still has 175 mill. Doubt they would hold on this long if they didn't think something good would come of it.
"price range of $0.0004 to $0.004 per Share"
0.0004 is the same price set for Alpharidge as Note Holder of the $0.4 M
Page 15:
Funding Level 100% 75% 50% 25%
Gross Proceeds $ 16,000,000 $ 12,000,000 $ 8,000,000 $ 4,000,000
Offering Price $ 0.004 $ 0.004 $ 0.004 $ 0.004
Net Tangible Book Value per Share of Common Stock before this
Offering $ (0.000127) $ (0.000127) $ (0.000127) $ (0.000127)
Increase in Net Tangible Book Value per Share Attributable to New
Investors in this Offering $ 0.016444 $ 0.015498 $ 0.013900 $ 0.010616
Net Tangible Book Value per Share of Common Stock after this
Offering $ 0.016317 $ 0.015371 $ 0.013773 $ 0.010489
Page 16:
After the Offering Statement has been qualified by the Securities and Exchange Commission (the “SEC”), the Company will accept tenders of funds to purchase the Shares. No escrow agent is involved, and the Company will receive the proceeds directly from any subscription. You will be required to complete a subscription agreement in order to invest.
Maria Guel President/CEO/Director
"....Ms. Guel has extensive experience in management of Radio, TV and broadcasting operations. From May 2019 to Present Ms. Guel has held various
management positions in her family businesses. She began her career in the broadcasting field at a very young age. She remembers that when she was about 14
years old she saw her father Antonio Cesar Guel working on engineering studies on his computer...."
The price range has changed:
PRELIMINARY OFFERING CIRCULAR
Dated: August 10, 2023
Subject to Completion
PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933
JPX Global, Inc.
8330 Lyndon B. Johnson Fwy, Ste 310 Dallas, Texas 75243
4,000,000,000 Shares of Common Stock
at a price range of $0.0004 to $0.004 per Share Minimum Investment: $1,000 Maximum Offering: $16,000,000
When before it was stated in the 1-A:
PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933
JPX Global, Inc.
370 Amapola Ave., Suite 200A
Torrance, CA 90501
4,000,000,000 Shares of Common Stock
at a price range of $0.001 to $0.01 per Share
Minimum Investment: $1,000
Maximum Offering: $16,000,000
So this offering will go directly to the outstanding share portion which is the general public meaning that our share count will now be well over 5 and half billion am i reading that right?
There is a new disclosure 1- A/A (It Looks very similar to the 1- A but I haven't read it yet)
https://www.otcmarkets.com/filing/conv_pdf?id=16854591&guid=CON-knY5SR-FJth
Yes. Didnt they grant them a 6 month renewal to see if they could get things in order? Probably just the end of the 6 months coming up to give them new renewal.
The court case against HCCN regarding the cease and delist order is irrelevant at this point because the companies dissolution date was 6/24/2022.
HISPANIC CHRISTIAN COMMUNITY NETWORK, INC.
Company Number
0800496504
Status
Forfeited Existence
Incorporation Date
23 May 2005 (about 18 years ago)
Dissolution Date
24 June 2022
Company Type
Domestic For-Profit Corporation
Jurisdiction
Texas (US)
Registered Address
P.O. BOX 542843
DALLAS
75354
TX
USA
https://opencorporates.com/companies/us_tx/0800496504
How do I fix forfeited existence in Texas?
An entity forfeited under the Tax Code can reinstate at any time (so long as the entity would otherwise continue to exist) by (1) filing the required franchise tax report, (2) paying all franchise taxes, penalties, and interest, and (3) filing an application for reinstatement (Form 801 Word 178kb, PDF 87kb),
What is good is that if you call the FCC personally and give them the names of the call numbers of the Mekaddesh radio stations on the list, the FCC will tell you that renewals for the 7 station were granted.. Renewal applications were submitted by Mekaddesh on March 16, 2023.
https://www.radioworld.com/news-and-business/business-and-law/seven-texas-stations-limited-to-one-year-renewals
Which just points back to @jufel's point of worst case were back to Alpharidge and have to start all over again. Guess were waiting on Q2 report next week to see what happnes.
Just wait for the Q2 report! It’s due any day now
Maria Guel (CEO of Mekaddesh) has been in trouble with the FCC before this current issue.
https://radioinsight.com/headlines/234417/fcc-report-7-24-limited-license-renewals-for-limited-operations/
You missed one little caveat regarding the acquisition of Mekaddesh by JPEX.
Thanks for the info. I'll have to go back and look at the cease-and-desist order in detail this weekend.
Hope things are not as bad as they initially looked to me.
However, Mekaddesh is specifically called out in a footnote of the court document.
Antonio Cesar Guel is married to Maria Guel I believe.
Do you automatically become a U.S. citizen through marriage?
After marrying a US citizen you will not immediately become eligible to apply for US citizenship. However, as the spouse of a US citizen, you will be classed as an “immediate relative” and, accordingly, you will be eligible to apply for permanent residence, or what is commonly known as a green card.
H-1B visas and some other types of temporary visas allow the visa holder to stay in the US for the same length as their employment contract, or up to six years total. Extensions beyond six years are not typically granted. In the case of an extension past six years, you may apply for an adjustment of status.
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