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This Am slapping the ask 2.5 M so far
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.
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 .
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...
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 !
"...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 .
Gtsm at the bid 2.4M and at the ask 0.3 M. Certainly it wants to load cheapest possible price
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?
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.
"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
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.
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 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
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.
Wrong stock---->VNTH
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.
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
Thanks I will... if I get a reply I will post it
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.
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,
Hopefully but dont hold your breath anyway next year is the year of the dragon maybe things will improve . So many otc stocks waiting in line. Just remember don't buy anything until the tax loss season is over, have a safe holiday
Nope, only losers got that honor, so how enjoyable was it for ya?
Dragon's dildo is already very deep in yours OUCH!!!
The Dragon is dead!
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.
"...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!
lol, just wondering INTL has been at the ask price all year long!!!
MM INTL is not around today hmmm!!
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?
Bid is 16 M, I guess peeps ere noticing Jpex about to run!
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
wrong again Gross Profit $1.4 Million..Jpex is worth more than a penny per share dude!
PS dont forget Mekaddesh Group Corporation (MGC) has Radio and TV stations worth more than $200 Million in several states.. Just read the disclosures !!
Yeap, somebody knows something for sure!
Thanks, I got tired reading all the previous amendments that I missed the "juicy" part in the very last one.
Today I ask myself No news today why the volume last Friday?
"... the offering has been approved with a lowest price of .001..."
Wasnt 0.0004?
OTC Expert market is for real and in full motion, I have seen several stocks going that way example SEII, BVSN, SBES, TPTW etc, anyway my post was mostly in regard of the incompetence of current management. Why the current CEO is not updated in the OTC and the NEVADA SOS site to start with, if I would be interested in investing in the offering It could be the first place to check on, the 1-A and amendments specify Maria Guel as the CEO but is in full discrepancy with the OTC etc, red flag , what about the last Q June 23 doesn't include financial figures from the acquired company another red flag and now we are OTC limited Information status and maybe next week Expert Market?....so who is really in command?, not a single public news all new info is disclosed in the OTC site only.
The question who is buying these 2 days and who is in the INTL mm parking at the 200 MA at 0008 with 13 M shares to sell ?
Have a nice long weekend all!
Do you have a link of it TIA
I see 6.6 M at bid 0006 but volume pretty low, furthermore incompetency from management might end up Jpex into Expert Market tis coming next week, so the offering will go directly to the sewer IMO.
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