JPX Global Inc (JPEX)

[jufel]

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?

[SCC1997]

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/

[jufel]

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

[SCC1997]

Moving North!

[jufel]

It is Interesting to note they are using the same scheme ( the share offering ) as jpex, I wonder if it really works, it has been months since the SEC approval and not the least bit of news nor Q filing either. I have no replies from Ceo Maria Guel.

[chemist72]

Yep. I screwed that up.

But don't worry. I asked an admin to delete that post.

[jufel]

Wrong stock---->VNTH

[chemist72]

Some info on "Offering Price" from FORM 1-A (filed 01/02/2024).

Maximum Shares Offered: A maximum of 4,315,000000 shares of our Common Stock (the “Maximum Offering”), at an offering price of $0.001 per share. 
 (a) Of the 4,315,000,000 shares available in this Offering, up to 4,000,000,000 shares are being offered by the Company. 
 (b) Of the 4,315,000,000 shares available in this Offering, up to 315,000,000 shares are being offered by existing shareholders. 

We currently estimate that the offering price for our shares of Common Stock will be between $0.0002 and $0.001 per share. On this cover page to the Offering Circular, we have assumed an offering price of $0.001 per share of Common Stock in this Offering, which is the highpoint of the price range between June 1, 2022 and May 31, 2023. $0.001 is the high point of the price range in the past twelve months. The Company will determine the offering price of the shares of Common Stock in this Offering after the qualification of the offering statement of which this Offering Circular forms a part, and the Company will sell the shares in this Offering at the fixed offering price that is determined by the Company after qualification for the duration of the offering. See “Plan of Distribution and Selling Security holders.”

https://www.otcmarkets.com/filing/conv_pdf?id=17153959&guid=ZtJ-kKBvVFdqJth

[jufel]

No replies do far , I will
wait until early next year.

I wonder why there is no promotion in regards to the offering which has been approved by the Sec 3 months ago. Speculation from my part, Jpex may had a buyer all along and it is just waiting to cash the check as soon as some details or issues are worked out.

[SCC1997]

Their website also has a phone number available for contact purposes. There should be no reason they do not answer the phone to answer current investor questions either while always looking for new customers.

https://mekaddeshgroup.com/

[jufel]

Dear Miss Maria Guel:

I am a shareholder of the company and I would like to ask you several questions respect to the whereabouts related to JPX Global, Inc. (JPEX).

When reading the disclosures found at the OTC site JPEX - JPX Global, Inc. | Disclosure | OTC Markets, specifically, disclosure 1-AA. It mentions that JPEX has acquired the Mekaddesh Group Corporation (MGC) since March 2023 and also mentions that Maria Guel is the new CEO, however the OTC site nor the Nevada SOS have not been updated accordingly. Possible investors frequently ask if Ambrose Okechukwu Egbuonu is still the CEO.

Another question is related to the lack of promptness to file the last Quarterly financial report due about 1 month ago that has brought JPEX status as Pink Limited Information at the OTC site. When this happens many brokers deny possible investors to acquire shares in the open market. Furthermore, if the lack of filing continues, very sadly JPEX will be soon marked with the Expert Market status which is the worse situation a Public company can stay in the Pink Market. This is very important specially when there is an Offering of $16 Million being advertised. By the way, It has been 3 months since the SEC has approved it, and we have no news of the whereabouts of it. What about the MGC's goal for 2023 which was “ to finish the construction of 12 television Stations with 6-8 Channel independent broadcasting programs on each station” ?. Did you accomplish it or at least part of it. Also, I suggest to update the JPEX Business Description found at the Otc site

JPEX - JPX Global, Inc. | Company Profile | OTC Markets

Lastly and, very important, in the last Quarterly Financial report of June 30, 2023. There is no mention and consequently total disregard of the Financial data respect to the Mekaddesh Group Corporation which is wholly stated in the 1-AA disclosure. Shouldn’t this MGC’ Financial data be consolidated to the JPEX Quarterly report?.

I hope you promptly address these questions to us the shareholders, I,m sure we are waiting very anxiously for these questions to be properly answered. I will candidly post this letter in the IHUB site JPX Global Inc (JPEX) Stock Message Board | InvestorsHub (advfn.com).

Have a nice and safe holiday

December 21, 2023

[jufel]

Thanks I will... if I get a reply I will post it

[SCC1997]

Why not just email the person in charge and ask? Tell them you are a shareholder in JPEX and are wondering about why the financials have not been released? I have emailed Maria many times and she always replies in a timely manner.

[e-mail]

[jufel]

The real issue here is why the hell jpex is taking too long to report the due Q. I have started to think that the offering has gone south due to the overall financial situation of the country, many banks are not borrowing money at all.

[SCC1997]

How is Hovendick the conman when he is the one down more financially in this situation then you are, or anyone else, by a long shot? Explain what he has supposedly gained from this entire ordeal?

[dbob]

My experience tells me that if a company cannot stay up with their financials it is NEVER a good sign.You can spin all you want guys. Doing a financial quarterly is not more then 5-10k. Where is that pos Hovendick who screwed everyone. Just disgusting that shareholders get bulldozed by conmen like him.

[jufel]

From the recent financial data published in the 1-A report , MGC had assets worth above $220 M and annual gross profit around $1.2 M, and OS of 1673 M, not sure about liabilities but well below 1M, these figures are before the offering.

We don't know if the offering will be successfully or partially done. Hard to guess specially when we face hard business times, also pretty awful signs are related to not delivering the Quarter report due a month ago and having no news from the offering approved on Sept 29, almost 3 months since the approval.

IMO, to adventure a pps is not wise at this time,

[chemist72]

My JPEX price prediction once $16M offering completed.

My method for computing a "fair" price for JPEX is very simple.

I am assuming market cap will be equal to the cash generated from the $16M offering.

Formula is as follows: Market cap (MC) = market price per share (sp) times number of outstanding shares (OS).

So, sp = MC/OS = $16M/5.672 billion shares = ~$.0028/share

[chemist72]

Final amended offering price is $.0040 not the range originally filed.

https://www.sec.gov/Archives/edgar/data/1506814/000190359623000752/xsl1-A_X01/primary_doc.xml

The information called for by this item below may be omitted if undetermined at the time of filing or submission, except that if a price range has been included in the offering statement, the midpoint of that range must be used to respond. Please refer to Rule 251(a) for the definition of "aggregate offering price" or "aggregate sales" as used in this item. Please leave the field blank if undetermined at this time and include a zero if a particular item is not applicable to the offering.

Price per security $ 0.0040

[chemist72]

My current assessment of JPEX status as Pink Limited.

All opinions in this post are my own based on facts regarding OTC guidelines and JPEX SEC filings.

JPEX was downgraded from Pink Current to Pink Limited on Nov. 16, 2023 (Fact). I believe this downgrade was based on the fact that JPEX did not file a Q3 report on time (Fact). Q3 report was due on Nov. 15, 2023 and has not been filed up to the present time (facts).

So how does JPEX get back to Pink Current? One way may be to file Q3 before their FY 2023 Annual Report is due (due date for OTC Annual report is March 30, 2024). However, JPEX has recently filed an SEC SEMI-ANNUAL REPORT PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933. https://www.sec.gov/Archives/edgar/data/1506814/000190359623000903/jpx_1sa.htm

So perhaps JPEX is now going to be an SEC filer and will need to file an SEC Annual Report for Regulation A (these are my opinions). Whether filed under OTC disclosure guidelines or under SEC guidelines the 2023 Annual report is due by March 30, 2023 (fact). However since March 30, 2024 falls on a Sunday, JPEX would actually have until Monday April 1, 2024 to file on time. If they are filing the Annual report using the OTC disclosure guidelines they would get a 15-day "Grace Period" before being downgraded from Pink Limited to Expert Market. (Believe me. I have already gone through this with another OTC ticker I own. Fortunately this other OTC ticker did finally file their Annual disclosure and was on the EM tier for only one day before being upgraded back to Pink Limited.)

Don't know what JPEX's plan is for filing their 2023 Annual report, but I am confident they will file it on time one way or the other. (my opinion obviously).

Please read my disclaimer below.

[sylvia07]

https://opencorporates.com/companies/us_tx/0802155610

[chemist72]

Good point. PL is like "no man's land" for OTC tickers.

Just a sort of way station between Pink Current and Expert Market, depending on the direction the stock is moving.

[jufel]

Dont forget when stocks are in Pink Limited status most brokers wont allow peeps to buy the stock, that's why we are having these dull days. IMO, Incompetence of the current management to say the least.

[chemist72]

The past is prologue. It's of no importance anymore to traders.

Why are the answers to those questions of importance to you? Is that too difficult to answer?

And BTW, I don't answer those questions because I do not have those facts readily at hand. All I could say is that my memory is that yes there was an EM market on OTCM on or before 9/21/21. Does that help you?

[SCC1997]

No it isn’t! Was there an OTC expert market on or before 9/21/2021? If not, when did it officially change? What part of that is too difficult to comprehend?

[chemist72]

Actually you're correct. If Mitch and Frank still hold 275M shares, it would be the height of stupidity to let JPEX go to the EM market.

And that is why I also believe that JPEX will file an Annual Report for 2023 before the 16-month period or the grace period end.

PS. I take it you now believe the EM market is "real"? Wasn't that the point you and Jayman were arguing about?

[SCC1997]

Wonderful! There’s your perfect reason to personally avoid JPEX! I would recommend you do your best to contact Frank and Mitch Hovendick to let them know what is going on and to watch out! Their personal common shares of about 275,000,000 carries more weight than anything you believe and that is a FACT! That’s what matters to me!

[chemist72]

From my perspective, really doesn't matter if EM is or isn't recognized by the SEC.

The FACT is that OTCMarket's is downgrading OTC tickers to EM that don't comply with SEC's Rule 15c2-11. That is the only fact that matters to me.

[SCC1997]

So what you’re saying is the link provided was written factually at that time or was unfactual? Was there an OTC Expert Market PRIOR to 9/21/2021? If NOT, when did it officially change?

https://blog.colonialstock.com/sec-denies-anticipated-otc-expert-market/

[sylvia07]

Lots of stocks went to expert market like icoa and still there!

[chemist72]

Really don't want to get involved in this debate, but here are a couple of links for you to look at:

OTCMarkets definition of "Expert Market" can be found in their glossary linked below:

https://www.otcmarkets.com/glossary

Also below is another link to another OTCM webpage describing their Expert Market tier:

The EM is described at the bottom of the webpage.

https://www.otcmarkets.com/corporate-services/pink-market/pink-current-and-limited-information-disclosure-guidelines

It contains all the info I posted yesterday.

[chemist72]

Any shareholder who really cares about their holdings should learn the realities about listing and trading on OTCMarkets.

If they don't, they will when it occurs. Sometimes it takes a slap in the face to understand. lol

I try to learn something new every day of my life. But that's just me, I guess.

*just my own opinions*

[Jayman5000]

You're like a crazy dude in front of an airport ranting that airplanes don't exist while they can clearly be seen taking off and landing right behind him.

Good luck pretending there is no Expert Market in your own mind. Everyone else can clearly see that it's quite real.

https://www.otcmarkets.com/research/stock-screener

[SCC1997]

When did the SEC revisit the idea after this 9/21/2021 article? Find a link from the SEC WEBSITE and post it.

“In short, the proposed order was formally denied as a component of the commission’s short-term agenda. Though this does not mean the suggestion won’t be revisited down the line, it puts at least a temporary end to the idea of an OTC Expert Market”

https://blog.colonialstock.com/sec-denies-anticipated-otc-expert-market/

[jufel]

"...That 16-month period will lapse on April 30, 2024 for JPEX..."

Are you sure about the above date, if you are right about it then we are safe for now although it is not wise to be in Pink limited status specially if Jpex is in the middle of an Share Offering. I still believe actual management need to be more competent as a public company!

[Jayman5000]

Yup, fortunately it is about as easy to get back off of Expert Market as it is to find yourself there - just get out some filings. The tradeability still suffers though and that's the part that really sucks.

I'm still perplexed as to this one dude's insistence that the Expert Market doesn't even exist. Trying to pull the wool over people's eyes or really that ignorant? Sometimes it's hard to tell.

[chemist72]

From the OTCM guidelines I've seen, securities on the Pink Limited tier have 16 months from the end of their last annual filing period (which was 12/31/2022 for JPEX) before they are downgraded to Expert Market (EM).

That 16-month period will lapse on April 30, 2024 for JPEX. OTCM has also recently instituted a 15-day grace period after the 16-months have passed and late filers can still avoid EM if they file an annual report before the end of the 15-day "grace period". I own a ticker that recently went through this process. Unfortunately they filed their annual report after the grace period ended and were immediately downgraded to EM. Fortunately they were on the EM market for only one day and are now back to Pink Limited.

[Jayman5000]

There are over 3,000 Expert Market tickers today. Anyone can see them for themselves at https://www.otcmarkets.com/research/stock-screener



The CEO's are quite aware they are on the very real Expert Market. The bagholders are quite aware they are on the very real Expert Market.

I have no idea why you keep continuing to deny the existence of the Expert Market while citing web pages that are several years old.

Yes, it's real and no, it's not spectacular. It's a bit of a bummer to be on it.

[SCC1997]

Good news! It looks like time be changing. How about some .0011’s today?

[jufel]

lol, just wondering INTL has been at the ask price all year long!!!

[SCC1997]

Don’t be disappointed

[jufel]

MM INTL is not around today hmmm!!

[SCC1997]

This stock could fluctuate within minutes and people who are not closely paying attention here could honestly lose out on huge gains depending on your total investment. If there was ever a time to load on JPEX now would be the time. This stock could be at .01 or more by the end of the year imo. You don’t want to be on the sidelines if it does. Fortunes could honestly be made here.

[SCC1997]

Have you found anything that has officially changed this SEC determination from 2021? As already mentioned, how would HD and Frank feel about an expert market for JPEX if it was even possible with their combined 250,000,000+ shares of common stock?

https://blog.colonialstock.com/sec-denies-anticipated-otc-expert-market/

[jufel]

The Pink limited information doesnt help. jpex could become Expert Market very shortly, no news no updates of anything beyond the disclosures. incompetence and inexperience from the new CEO?

[SCC1997]

And less than 100,000 available on the ask at .0008. Let’s see some .0009’s get bought today.

[jufel]

Bid is 16 M, I guess peeps ere noticing Jpex about to run!

[SCC1997]

It’s looking like they are building this chart. The restocking of the millions being added to the bid tells me that anyone who thinks they are being wise by selling into the bid believing they will be able to buy back at a lower price will not be getting that opportunity to do so. Anyone selling into the .0007’s more than likely will have to buy back in at higher prices if they want to reenter.

[jufel]

Let's see if INTL reload more 8s ...just to frustrate us longs!

Anyway Stock Analisis says Bullish Mid and long term
http://www.stockta.com/cgi-bin/analysis.pl?symb=JPEX&cobrand=&mode=stock

[SCC1997]

They continue to restock the bid amount. People want as many .0007’s as possible.