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IMO Worst case scenario would be return of control to Alpharidge plus possible compensation for Damage and prejudice. Also one of the main issues in this case is Antonio Guel is not a US citizen. I wonder if his daughter Maria Guel is in the same situation? . Althoug it might be irrelevant since JPEX which now owns MGC is an american company!
"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"
"...R/S. 5000:1..."
Exactly, I mentioned about it several months ago, also I said " ...release the kraken..." , I recall some peeps mentioned that rate was too big. I ve been trading OTC long enough to believe that rate is very common for OS similar or even less than PLPL has. So I will enter into the arena if Tad fix those hindrances. It would take long months so expect traders to get impatient and smack the Bid, my question is given the current bid 1.25 Billion Will it get to NO BID? Anyway, GLTA.
Last time I saw the ask @ T3 there were 250 PLUS M shrs waiting to be sold. Considering that news will take time, those shrs will migrate to T2 and possibly with lack of patience and other possible adverse material events happening in the future, the BID @ T1 might weaken to the extension of NO BID, of course JMHO....
Let's not forget Tad has another 2.8 billion shares to spare for farther "expenses" which is only $280,000 at 0001 current price. Not looking good from my point of view!!
A typical shell sells for $250 K - $500K, PLPL needs a haircut, so what about and R/S to generate further selloff to complete the picture?....just saying
If it happens that the Guel family is buyer of part or all of the offering then this a signal that jpex pps should be worth several times the 0.004 and they know it for sure. JPEX AT THIS PRICE IS A STEAL IMO
Check the 1-A report,
under DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES
"The address of each of the individuals listed above is: c/o JPX Global, Inc., 8330 Lyndon B. Johnson Fwy, Ste 310, Dallas, Texas 75243."
Also under -Property
Mekaddesh Group Corporation’s, headquarters will be located in Dallas-Texas. We have acquired office facility in a major business district on Lyndon B Johnson Freeway, Dallas, TX 75243. At this address, the Company occupies office premises sufficient for its current needs. 8330 Lyndon B. Johnson Fwy, Ste 310, Dallas, Texas 75243.
I had the same feeling about Frank , but they have been working in a silent mode. In October 2022 they were in the process of acquiring Mekaddesh Group Corporation (MGC). They finally did it on March 2023. and transfered control to Maria Guel who is the new Ceo. Now she and the group are working on a sizeable offering, you probably has read about it in the older posts. If they have success with this offering then there are big plans about JPEX becoming a major Media station around the USA. The form !-A has some gems which make me feel better about my investment. Very extensive report but worth reading it. MGC is even profitable since 2022 to say the least!.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172533586
that is expensive in both time and money....OTC, Nasdaq ?
What I real meant to say, beyond the possible investors you mentioned, is that the offering is already secured at 0.004. Cheers!!!
In the 1-A form;
On March 9, 2023, Alpharidge Capital LLC sold the control to the Mekaddesh Group that is, Kuldip Singh, Antonio Cesar Gruel, Jagandeep Kaur and Maria Guel in exchange to cash payment of $475,000, secured and memorialized in a convertible note of $475,0000.
Maria is the new CEO of JPEX, Frank is part of Alpharidge Capital LLC and still an insider in JPEX.
The Mekaddesh Group headquarters is located in Dallas-Texas. "We have a acquired office facility in a major business district on 8330 Lyndon B Johnson Freeway, Dallas, TX 75243."
Check for yourself the new headquarters. This company is for real. To say it is a scam is just blatant ignorance.
Will the Guel trust buy the 4Billion shrs worth $16 M. IMO, based on their future plans JPEX might be Silver in the next 2 years, assuming the economic environment allows it.
Thanks for the reply!!!
TyhoonLou
When reading the Sec Filing 1_A
https://www.otcmarkets.com/filing/conv_pdf?id=16750498&guid=qTN-kHcmvr_Udth
Check Exhibit A "Details of Tv Stations pag 11/11 almost at the end of the report.
Total Value $ 240 M
Total Value $ 19.1 M
Who owns those Tv Stations, Mekaddesh Group Corporation (MGC)? TIA
We all expected this RM to have a successful outcome. Now I only hope Byoplanet still wants to be in the public domain and find a better Merger candidate. So PLPL appears to be a NO NO in the near future. But we never know so T1 seems to be the price to be in but further dilution and a speculative R/S still pending makes me think to stay on the side lines!!! Anyway GLTA!!!
Also in the same filing:
"Following the acquisition, Mekaddesh Group became a subsidiary of JPEX"
"Mekaddesh Group´s Net revenue in 2022 was $1,984,947 which was increased by 345% over $445,745 in 2021. Gross Profit. The gross profit in 2022 was $1,144,707 "
Calculation of Price per share PPS
PE = Price to Earning = 7 ( Very Conservative );
OS = 1,673 M shrs; Gross Profit = $1.1 M
PPS = 7 * ( 1.1 M / 1673 M ) = 0.0046
Coincidence?....I dont think so!!!!
"Note: Common stock shares sold at a price of $0.001-$0.01. And the current share price is below the .001 level…"
Check on the Form 1-A 06/26/2023
"The offering price has been arbitrarily determined.
The offering price of the Shares has been arbitrarily established by us based upon our present and anticipated financing needs and bears no relationship to our present financial condition, assets, book value, projected earnings, or any other generally accepted valuation criteria. The offering price of the Shares may not be indicative of the value of the Shares or the Company, now or in the future."
Given the current economic conditions to find a merger candidate could take months and months. Furthermore, Tad must clean up the mess PLPL is in with Noteholders and other material stuff still in the Closet. OTC traders are impatient so thats why expect PLPL to be in No BId status very soon!!. Right Now there are 1Billion shares waiting at T1, also Does Tad have funds for the subsequent Filings plus other expenses etc or will he dilute further the OS?
Two-Three weeks and PLPL will be NO BID IMO
If Maria Guel.is the New CEO I wonder, why they haven't published it at the OTC web page
IMO with 200 Million plus waiting in the ask , peeps will start unloading the Bid , One or 2 weeks later NO BID, Tad should R/S 1000:1 and dilute again to pay Noteholders. to clean the shell and start over.
Get Ready for NO BID in coming days ,,weeks
Also MCD Total assets $22 M and Net Revenues above $1M/ year, I though MCD was just a Radio/TV shell!!
I 've just notice it, the report is pretty long indeed but worth the time to read it. I believe this stock will start making headlines very soon!!! GLTA!!!
page 21
Mekaddesh Group Corporation, will air live sports events, economy, international top activities from all across the United States. Our business goal is to become one of the leading TV stations in the United States of America with high profile corporate and individual clients scattered all around the globe.
Mekaddesh Group Corporation, is founded by Antonio Cesar Guel and his friend and business partner for many years Kuldip singh. They both graduated with Engineering degree. Antonio Cesar Guel with BA in Mass Communications and they have a combined experience that revolves around journalism, sports broadcasting, and business management.
Page 20
"On March 21, 2022, VeeMost Technologies LTD, announced its decision to walk away from consummating a proposed reverse merger with the Company. Previously, VeeMost Technologies LTD had purchased from CED Capital, LLC, the control preferred stock that carries a 60% controlling vote in all of the Company. CED Capital, LLC has promptly refunded to VeeMost Technologies LTD, the money it originally paid to purchase the shell. The reasons for VeeMost Technologies LTD’s decision could not be unrelated with certain lawsuit by Mr. Hovendick, a long-term control shareholder, who was granted an injunction blocking/preventing the completion of the merger between VeeMost Technologies LTD and JPX Global, Inc.
Upon Veemost’s decision to walk away, Alpharidge Capital refunded the purchase price to Veemost and took back the control of JPEX.
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”).
Pursuant to the agreement, JPEX, in an all-stock deal, acquired 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. Following the acquisition, Mekaddesh Group became a subsidiary of JPEX and Mekaddesh officer, Maria Guel was appointed as the President and CEO of JPEX.
Following the acquisition of Mekaddesh Group Corporation, the Company pivoted its business plan to that of Mekaddesh, Radio & Television Stations operations.
The Company operates 100% through Mekaddesh Group Corporation which was formed to acquire TV and radio stations for Hispanic programming.
Mekaddesh is currently working to create a Radio and TV Stations platform for the independent production of programs, such as soap operas, movies, and news. It plans on presenting high-tech studio digital platforms in major cities in the United States.
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. Thereafter, by 2025 it plans to acquire properties to build own communication towers, and thus become completely independent from leasing properties, and at that point, to start providing space for television and radio stations.
Mekaddesh Group Corporation, is a multi-faceted company, with the potential to branch into new venues as the company grows. There are currently three phases to development of Television Stations. Beginning with our first phase, development in this Phase is to include five Radio and twelve Television station. We have Permits to start and operate TV Stations in 12 major cities of US. In first phase we will have these stations on air, after compilation of this work we can generate enough revenue to assist in the growth of two other Phases; Construction of Towers for Antenna’s and Studio’s for Stations in our second phase. However, we will need additional funding to accomplish this plan.
check the second part where there is a description of the offering
https://www.otcmarkets.com/filing/html?id=16750498&guid=blN-kntvAcmnJth
Back to monkey business...no news, smack the Bid, !!!
ok I'm just saying I hope I'm wrong LOL, anyway definitely something is brewing
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172432667
Let's hope you are right and I'm wrong. To me significant buy is 5% of the OS, that is, 80 M shrs or so as an peculiar investment. In dollar terms $50-60 k to make me think volume precedes price.
Just a mere $13K investment, not a great deal IMO. We might have news beyond middle of August best case scenario.
"----IMO those old convertible note holders knew (a) the long, scammy history of this ticker and (b) knew a devastating reverse split was likely. Consequently they took every chance to sell when retail buyers showed up to "get in early."
Unfortunately, if I'm right, billions more shares held by these profiteers are still waiting to clobber retail investors."
Agree with the above, Tad release the Kraken!!!
Tad release The Kraken!!!!
You'd better meant Years Ahead instead,
Well if I'm not wrong the word rescission of a contract implies that the contract was not possible from the onset rather than resolution.
This might go to NO BID in the coming days IMO
What's your opinion on the reasons the deal went south.!!!
It is in Accesswire, TD ameritrade wont allow to copy /paste
SAN DIEGO, CA / ACCESSWIRE / August 1, 2023 / Plandai Biotechnology, Inc. ("Plandai" or the "Company") (OTC:PLPL) announces today the rescission of a material definitive agreement with Good Salt, LLC due to the material failure of consideration in the transaction.
The material definitive agreement, which was initially entered into on May 16, 2023 , outlined the terms and conditions for the acquisition of the Company by Good Salt. However, despite diligent efforts and ongoing communications, conditions subsequent to the closing were unmet, and essential considerations were not settled.
As a result, Plandai had no choice but to initiate the rescission process. The rescission will render the material definitive agreement null and void, and both parties will revert to their pre-agreement status.
Plandai's CEO, Tad Mailander , expressed regret about the situation, stating, "It is disappointing that we had to resort to the rescission of the material definitive agreement due to the failure of consideration. We had high hopes for a successful transaction."
The Company's decision to rescind the agreement was approved by both a majority of the Plandai shareholders eligible to vote and the board of directors.
In light of this development, Plandai will evaluate its options moving forward and exploring alternative opportunities for growth and expansion.
Contact
plandai@protonmail.com
I wonder no volume yet!! Are people taking a NAP???
So what is next...R/S 1000:1?
You were right after all!!!
BAD BAD NEWS OUT!!!!
bad news out!