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Dilution to the max
https://www.otcmarkets.com/filing/conv_pdf?id=16950294&guid=L75-kKFB-rGAB3h
"...We are filing this supplement to supplement and amend, as of September 26, 2023, the prospectus to increase the maximum aggregate offering price of our common stock that may be offered, issued and sold under the Sales Agreement. Accordingly, we may offer and sell shares of our common stock having a maximum aggregate offering price of up to $9,795,000 from time to time through the Sales Agent, acting as our sales agent or principal in accordance with the Sales Agreement. As of the date of the filing of this supplement, we have sold 663,677 shares of common stock covered by the prospectus supplement pursuant to the Sales Agreement for gross proceeds of $4,449,315.71. Therefore we may sell up to an additional $5,345,684.29 of shares of common stock pursuant to the prospectus supplement. This supplement supersedes and replaces in its entirety the supplement filed on July 25, 2023."
This form is part of the process of approval of the offering by the SEC. Expect news in the next weeks. Some of us believe there is one or more investors willing to absorb the offering, lets hope we are right about it
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTICE OF QUALIFICATION
Date Qualified: September 29, 2023 4:00 P.M
Form: 1-A
CIK: 0001506814
Company Name: JPX Global Inc.
File Number: 024-12285
Notice of Qualification is a legal document that is filed with the U.S. Securities and Exchange Commission (SEC) in order to register a business entity to do business in a state other than its home state. It is also known as a Foreign Qualification
New disclosure
"NOTICE OF QUALIFICATION"
https://www.otcmarkets.com/stock/JPEX/disclosure
"The dilution is the result of financing that kept the Company alive in 2020/21 leading to the current restructuring...."
Given the current state of the market, GSAC will have to keep on diluting to survive....
How about dilution? Why GSAC is still diluting the stock at this level 0003 like there is no future for the company?
Totally agreed on. IMO, Anything bough at this level will at the very least double in price.
"Trader 99 now predicting that Form A3 will be out by month end!! "
.....of what year?…just kidding!!!
SBES still EM and a SHELL, no disclosure so far, Am I missing something?
https://www.otcmarkets.com/stock/SBES/profile
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
Yes, I noticed that, it seems like someone is unloading in stealth mode or Is it a MM shorting right before the tide changes?.
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!
Ok 1 or 2 years from now ????....and that assuming Tadd dilute 1.5 billions at T1 and then declares a 5000:1 R/S... Good luck with that
"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.
How many months since SBES become EM? Time enough to at least PR an explanation to current shareholders.
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”).
"..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?
"...No shortage of morons out there, that's for sure...." LOL
"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!!!!???
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!
"...If you are a seller, don't let the door hit your azz on the way out..."
Then ask this guy he knew better
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171917894
We are living in a very tough environment, So Acid questions must be asked before investing in a company. or Do you think all those processes to clean up the shell are for free?. Also lets assume this stock is just like 95% of all the OTC stocks, that is share diluting companies. So Is Tad working hard to make shareholders happy or is he working hard to make himself rich? ...just saying!!!
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-?-
No dilution in the last RM? how about going from 7750 M to 8200 M shrs in 3 months while negotiating the last RM?
Kool Aid, how much capital do you think Tad will need to clean the shell (including his own salary ) before he gets a new target for merging? My guess is that he will have to dilute at least 1 Billion shares @ T1, now that those shares are available at this point of time. He knows he will have to R/S anyway and IMO he doesn't care about current shareholders...
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.
.
"$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?
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 wonder why Maria Guel is not mentioned as the CEO at the OTC web page?
" ... 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
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”)."
"...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.
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.
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?
"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
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...."
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