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Thanks for the link to this transcript from 9/11/2023.
I found an internal contradiction on the date JPEX acquired Mekaddesh Group as follows.
In one place the following is stated: "JPX Global Inc. acquired Mekaddesh Group
Corporation in February 2023 as a wholly owned subsidiary."
In 2 other places the following is stated: "On May 15, 2023, in an ALL-STOCK acquisition, JPX Global, Inc. acquired control of Mekaddesh Group Corporation (MGC), a Dallas, Texas, entertainment operation formed in 2015 to operate and promote TV and radio stations for Hispanic programming. MGC’s current programming includes: Alcance, Radio La Tremenda, Radio Mana, Unimax Television Al Maximo, El Buen Samaratino, and Un Tiempo En Su Presencia."
Furthermore, both these dates are in contradiction to what is stated in JPEX's last OTC quarterly filing as follows: "The Company presently has an preliminary agreement for an ALL-STOCK acquisition of Mekaddesh Group Corporation (MGC) ..." This document was filed on 8/13/2023.
I presume that JPEX will finally get the correct date of acquisition of MGC in all their documents sooner or later (hopefully sooner rather than later - lol).
Dated September 11, 2023
https://www.conferencecalltranscripts.org/summary/?id=12533221
Until something concrete comes out I will
not be sinking more.money into this play.
Something smells. J M O
Meanwhile I check and defer any bets.
Not financial advice. DYODD.
I agree with you. Just hoping during summer months they were doing some of their building. They were profitable so they didnt need the money to get started in my opinion. Cautiously optimistic is where I am at also. Think to much time and lawyers cost to just let this go dark.
Nothing completed yet according to Q2 fins.
https://www.otcmarkets.com/otcapi/company/financial-report/378772/content
I've posted this info before. But maybe when Q3 quarterly is issued in November, some more info on the acquisition of Mekaddesh will be revealed.
PS. Q3 report is due Nov. 14, 2023.
I am cautiously optimistic currently.
Mekaddesh had some very aggressive plans for 2023. I wonder if they have been able to acomplish any of them? Looking forward to announcement of closure
and see where we are at.
It’s a hypothetical situation at this point believing an insider will be buying the offering. One thing that is evident from the looks of it is that .0004 is where many are ALREADY lining up at for some strategic reason knowing the offering has not been approved yet prior to a possible opening. I like the idea of JPEX having a major press release prior to initiating the offering to elevate the share price to a more attractive level. I am overjoyed with the .0005’s I have purchased recently and believe this stock will be moving north abruptly without any news in the near future…
Could it be that an insider is trying to keep the PPS as low as posible so once the offering is opened, the insider buys those 4 Billion shares as low as possible?. For the info we got in the form 1-A/A it looks like the MGC'assets now part of JPEX is Worth more than $220 Million. After the offering is done theoretically PPS = ($220 + $16)/(1673 M+4000 M shrs) = 0.04 *assuming the average price for the offering is $0.004/share
If it was a retail seller on the ask, the 6M available ask shares would of had to been viewable so therefore it was a MM blind ask…
Yes, I noticed that, it seems like someone is unloading in stealth mode or Is it a MM shorting right before the tide changes?.
And the ask price only showed about 3,000,000 shares available at .0005 all day and after the 6M buy it still shows about 2,500,000 still available at .0005…
6 M bought at the ask!
"...I would love to see who the daredevils are who buy and sell 1500 and 2500 shares at a time!"
Me too, My guess is MM INTL it has been in the ask side with 10K shrs since months ago. Every time the ask gets lower INTL inmediatly follows it!
If the sell volume is remotely accurate from the link you provided of about 14,000,000, it’s pretty amazing to still see 47,000,000 still wanted on the bid at .0004… Market makers don’t fool everyone…
16 individual trades timed at exactly 10:32 and 43 seconds each? Wonder how that got accomplished? I would love to see who the daredevils are who buy and sell 1500 and 2500 shares at a time!
There have been no 20 million share trades.
https://ih.advfn.com/stock-market/USOTC/jpx-global-pk-JPEX/trades
Well someone bought it right Jayman! For every seller there is a buyer! Imagine that!
It’s incredible to watch how this is supposed to be a dead ticker how quickly supporting bids surface by the millions within seconds of bid hits! There are big eyes watching this stock without trying to get recognized…
They wouldn’t be filing reimbursement request forms for new broadcasting transmitters at the end of June 2023 if they were planning on going out of business… The reimbursements have been approved by the FCC…
FCC Form 399: Reimbursement Request
Approved by OMB 3060-1178
FCC Form 399: Reimbursement Request
Facility ID: 127990Service: LPDCall Sign: WYCH-LDChannel: 11 (High VHF)File Number: 0000089836
Primary Transmitter Back to Top ?
Existing Transmitter Information
Section Question Response
Existing Transmitter Description Type of change Purchase New
Use Primary (Main
FRN: 0017045188Eligibility Status: EligibleDate Submitted: 06/28/2023
The only thing worrying about that is the fact that if it's good till 2029, then they're definitely not in a hurry to do anything anytime soon. Just hope they keep up with quarterlies and stay Pink.
I agree Tractor. Dont think Hovendick would be involved in scam company. Would completely wreck his reputation in his field. I am holding.
Here is a fun list of TELEVISION STATIONS owned by the Guel Family! What is even better to see is if you google the call letters of the tv station (example provided WYCH-LD) you will see that the licensee is the Hispanic Family Christian Network and the email for the licensee is mcguel@mekaddeshgroup.com. The license doesn’t even expire until 12/1/2029… This stock is going to get a lot of attention soon…
https://www.rabbitears.info/search.php?request=owner_search&owner=Guel+Family
https://enterpriseefiling.fcc.gov/dataentry/public/tv/publicFacilityDetails.html?facilityId=127990
I'd go a bit further than that.
I'd say, "This whole thing is a SCAM until proven otherwise."
This whole thing is a shame until proven otherwise. All IMO
At 3:00 pm today there is 49,000,000 wanted on the bid at .0004…
I could see the MMs doing that. Like you said I don't think frank or HD would be dumb enough to dump at the level unless they knew it was completely done for. Guess were back to just waiting around.
The vast majority of the ones today could have simply been traded between market makers as a diversion tactic in hopes accumulating more at lower prices…. Hovendicks and Franks shares deprecate in value as well and I don’t see them selling at this level for guaranteed losses…
At least your still buying, that's almost 18 mill that's been dumped in the last few days hopefully we're not missing something.
Got some .0005’s today which I didn’t see happening! Just have to wait and see what happens! 43,000,000 currently on the bid at .0004 and that tells me people are watching!
Unless MGC is buying the entire offering. They could be waiting for SEC approval for the purchase of the offering. If denied by the SEC then they can walk away and pretend like the merger fell through. Or they can then finalize and announce everything knowing they already have approval from the SEC. IMO its already done and MGC has control of everything but if for some reason the offering is denied then they'll leave. Frank has had too many fuck ups in the past that any buy for the rest of his life will require a clause to be written that they can get out.
"My only question is, if this was true back in March why were all those statements I quoted put into the most recent quarterly report which was just submitted on August 13, 2023 for the period thru June 30, 2023??"
I have the same question as well. IMO, MGC's assets should've been integrated into JPX 'assets in the Filing and then OTC would remove the Shell Risk label.
Your second quote sure makes it seem like an agreement with Mekaddesh was completed and finalized.
My only question is, if this was true back in March why were all those statements I quoted put into the most recent quarterly report which was just submitted on August 13, 2023 for the period thru June 30, 2023??
Please explain. tia
The deal would have to be done because JPEX is NO longer labeled as a shell company in the filings. That would be considered false advertising if it wasn’t true.
How about this from the Disclosures on Forms 1-A ( 06/26/2023 ) and 1-A/A (08/11/2023)
https://www.otcmarkets.com/stock/JPEX/disclosure
It looks like a done deal to me. Furthermore, the Offering must be approved with the consent of Alpharidge, IMO
"-On March 9, 2023, Alpharidge agreed to sell and transfer control of JPEX to Kuldip Singh, Antonio Cesar Gruel, Jagandeep Kaur and Maria Guel (together referred to as “Mekaddesh Group”), Following the acquisition, Mekaddesh Group became a subsidiary of JPEX and Mekaddesh officer, Maria Guel was appointed as the President and CEO of JPEX..Mekaddesh goal for 2023 is to finish the construction of 12 television Stations with 6-8 Channel independent broadcasting programs on each station. In addition, by 2024, he 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.
-On March 9, 2023, pursuant to an agreement to purchase the control block of JPEX at a future date in exchange to cash payment of $475,000, secured and memorialized in a convertible note of $475,0000, Alpharidge agreed to sell and transfer control of JPEX to Kuldip Singh, Antonio Cesar Gruel, Jagandeep Kaur and Maria Guel (together referred to as “Mekaddesh Group”).
Only reason I can think of - because Mekaddesh deal not yet finalized.
Despite JPEX shareholder's wishes the Mekaddesh deal has NOT yet been finalized.
Just look at all these hedges in their last quarterly report:
1) "The Company presently has an agreement to acquire Mekaddesh ...."
2) "Once the prospective acquisition is consummated, MGC will operate as a subsidiary of the Company."
3) "The Company presently has an preliminary agreement for an ALL-STOCK acquisition of Mekaddesh ...."
4) "There are no guarantees and the Company is providing NO assurance that it could close this acquisition."
https://www.otcmarkets.com/otcapi/company/financial-report/378772/content
It's pretty clear from the quotes above that the deal with Mekaddesh is not yet finalized!!
"..Just curious. How much did it cost to get access to that document?..."
It was for free, and I guess a little bit of luck...I used AI Bing and wrote all the elements related to that document shown in the Nevada sos and Voila!!
Frank is still the official guy at the Nevada SOS, it is the only way to file documents at that site. I suppose he is doing it under supervision of the CEO Maria Guel?. Why JPEX has not updated the new board at that site and subsequently in the OTC web page?
Thanks for posting document link.
Just curious. How much did it cost to get access to that document?
One slight correction to your post. I believe the document shows that Frank is President of Alpharidge Capital, not JPEX. Note the effective date of that document.
"A Certificate of Designation is a legal document that outlines the rights and privileges of a specific class or series of stock in a corporation. It is filed with the state in which the corporation is incorporated and sets forth the terms of the preferred stock, such as dividend rates, voting rights, conversion rights, and redemption provisions"
Here is the document:
https://www.sec.gov/Archives/edgar/data/1506814/000190359623000605/ex3_1.htm
Notice that Frank Igwealor is still the official officer at the Nevada SOS!!!!???
Under filing history, there was a filing on 8/9/23.
The filing was a Certificate of Designation (COD).
What is a Certificate of Designation? To learn more about this look at the links below:
Link to actual form: https://www.nvsos.gov/sos/home/showpublisheddocument/6583/638273480446100000
Link to description of COD in Nevada law:
https://www.leg.state.nv.us/NRS/NRS-078.html#NRS078Sec1955
Link works fine. Just need to click on "Business Entity Search".
Then enter JPX Global into the "Name" search box. You should be able to navigate from there. Some info requires a payment, but most of the info is free.
I wasn’t able to open it either but by googling JPEX and the date you provided, I found a blog titled and saying this. It could not be opened without payment.
JPX Global Inc. Stock Grader | JPEX
JPX Global Inc. stock grader by Barron's. View real-time JPEX currency data and market news, while using the currency ... Ex-Dividend Date, Aug 9, 2023
I don't know if links work in here or not, but I'll put it below just in case. This filing was brought up in one of our other groups and I'm hoping someone else might be able to shed more light on it. It's from 8-9-2023 and is listed as certificate of designation and stock change. I can't actually access the pages to see what they say but maybe someone here can.
https://esos.nv.gov/EntitySearch/BusinessFilingHistoryOnline
Or both! How does that sound! Time will tell but there should be more people in the know as of right now that should be taking advantage of shares at this price imo.
How about if some of the investors are content producers wishing to get independence from Hollywood where $16 Millions is just penny money. Ambrose O Egbuonu now director of JPEX resides in LA, he probably has some friends from the Media enviroment....just saying!
It really doesn’t matter if Maria Guel has the ability to run a public company imo. What would be the most crucial evidence of this tickers success would be a large insider purchase by her knowing the offering is approaching at a range of .0004–.004! Assume she borrowed money from the Guel Family Trust or another financial institution to buy JPEX shares. Then assume she buys 250,000,000 shares at .001 for a small investment price of $250,000.00 and then press release that insider purchase with an official Form 4. In my opinion, if this is truly going to be a financial success story for Mekaddesh there should be absolutely no reason why something like this should not take place. Maria Guel would know better than anyone what the future holds for JPEX and she would be able to get in at the bottom of the offering and possibly make a fortune in the long run. It should be viewed as making easy money at this point!
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