Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
1-SA Published Nov 20th
https://www.otcmarkets.com/filing/html?id=17068636&guid=6RJ-kKMDpI5Edth
Jayman, from all the latest reports 1-A and amendments the Mekaddesh Group Corporation (MGC) acquisition is a done deal however the latest Q doesn't include the financial figures from MGC also Maria Guel is not published as the current CEO at the OTC site nor in the Nevada SOS. and from my opinion they should be included in the incoming ( hopefully) Q report. whats your opinion about it TIA for your reply.
PS from the NGC's financial figures JPEX should be worth well above a penny per share!!
I find the following letter between the SEC and J¨PEX interesting
https://www.sec.gov/Archives/edgar/data/1506814/000190359623000610/filename1.htm
"1. We note that you intend to offer up to 4 billion shares at a range of $0.001 - $0.01. Under Rule 253(b)(2)(ii), the upper end of the range must be used in determining the aggregate offering price, which means your maximum offering amount of $40 million exceeds the offering amount permitted for Tier 1 offerings under Rule 251(a)(1). Please advise and revise as appropriate.
This has been amended to change the range of the offering price to $0.0004 - $0.004 to be in line with our projected offering amount of $16 million.. "
IMO Thats the reason they changed the offering range just to comply with regulation!
Also I find interesting the rest of the letter
IMO, Maria Guel is just a transitional CEO, once the offering is resolved into something meaningful we ought to know the real deal. Is that the reason they didn't bother to change the directors in both the Otc and Nevada SOS?. What about tne next Q filing will they incorporate the Mekaddesh Group Corporation assets into it?
Still same AS and OS and Ambrose O Egbuonu is still president of JPEX. Why isnt Maria Guel appear in anyway in the Nevada SOS? Does it mean that the acquisition of Mekaddesh Group Corporation (MGC) still pending?
I guess if insiders have not sold out at this point is because they are waiting like us for some awesome news!
One month since the offering has been approved by the SEC and no news at all. Also quarterly report should be filed this month.
Agreed, with today's tools available to even the naivest user you can build a web page in less than a week, if you add time to fill in information and other details and delays regarding intercommunication with management then a month will suffice to have a professional page, also why management has not made a single acknowledgement regarding anything?. it looks like the RM failed and XU doesn't want to recognize it?.
"...The deal probably fell through, and XU will not say anything. Instead, he just wants it to rot and go away."
That makes sense! Check PLPL, they announced the merge and months later it felt apart.
But at least they acknowledged it.
One Observation in the L2 system. Mm INTL has been for months in the ASK side, always with 10K shares. Today it is at ask at 0008 selling 13.8 M shares. Is that meaningful? no idea but just in case!
Those 10 M shares are gone instantly!!!
Thanks for the link. So this offering is Tier 1 and it is not resale of existing ones. I suppose that JPEX must raise the AS to at least 6 Billion BEFORE starting to sale the offering.
Also looking at the today's L2 most of the ask is populated by retailers, possibly clueless by what is about to happen ?. Most of what is know about the offering is hidden in the DISCLOSURE page that very few read about. IMO
The question is does JPEX already have potential investors which are already acquaintance with JPEX' plans and just waiting for the offering to be approved as it seems to be at this point or JPEX expects to launch a offering at market price? IMO, if we are at the second scenario then it will be very difficult to get $16 M as JPEX needs such amount to fullfil its plan. Something that I notice in the latest 1/AAA form is that Singh owns those five preferred stocks and Maria Guel owns none. does the Guel family will be the buyer?
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.
.
Subscribe to Ad free and enjoy an ad-free experience
Try Now
Keep the Ads