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Lets be ready for the Inauguration!!
The SHELL RISK label will be removed with the next Filing showing assets. This is as simple as that. Do your DD on the subject.
PLPL is trading as if R/S imminent, just take a look at WDL#, with same OS and 2 days ago a PR announced one!!. I dont see better explanation for this debacle!!!
https://www.otcmarkets.com/otcapi/company/financial-report/370376/content
ORGANIZATION AND NATURE OF OPERATIONS
On October 10, 2022, subsequent to a settlement of a protracted lawsuit by a shareholder, the Company formally
launched itself into the media and entertainment industry, becoming a holding company for a multi-media
entertainment platform. Since October 10, 2022, in accordance with its business plan, the Company has devoted
substantial energy, time and resources reviewing and rewriting agreements with partners, customers, vendors,
and manufacturers, reviewing licenses and sublicense agreements with potential licensors, creating/evaluating
contents, interviewing and hiring employees, and conducting research and due diligence on potential partners,
https://www.finra.org/rules-guidance/guidance/interpretations-financial-operational-rules
The company must comply with Rule 10b-18 of the SEC, which provides a safe harbor from liability for market manipulation when the company repurchases its shares in accordance with certain conditions on the manner, timing, price, and volume of the buybacks
Public companies that have decided to do a stock buyback typically announce that the board of directors has passed a “repurchase authorization,” which details how much money will be allocated to buy back shares—or alternatively the number of shares or percentage of shares outstanding it aims to buy back.
https://www.forbes.com/advisor/investing/stock-buyback/
Yeap 0.03 is about $50 M as Market cap, it is not outrageously high at all.
Since HD hasnt sold any of his shares so far, he expects JPEX will perform accordingly to October's plan. It could be nice to have an update of whats going on.
I think they will deliver and the PPS is quite oversold so risk is relatively low!
Ok, To Me Lottery Ticket is total uncertainty in the outcome more like drawing the dices. The current management looks like they know what they are doing. Furthermore, they are involved in several stocks which are quite diverted and also own quite a bit of JPEX. Most important JPEX plan is interesting, if they succeed Market Cap could be substantial from $20 M to $30M.
Lottery Play??? I wouldnt say so...Almost 8 months of silence and hopefully hard work! news must be around the corner!!!
Does anyone know Ambrose Egbuonu ' Twitter address? TIA
Huge volume yesterday and the day before... however accumulation/distribution goes down!!
https://stockcharts.com/c-sc/sc?s=SEII&p=D&b=5&g=0&i=t7903456551c&r=1685725230279
The new PLPL is now a company with a bright future, it has the products, the partners like Merck and others to come and new "plagues" will come, according to the now infamous Bill Gate, who is very well connected to the powers that be. Even though a huge R/S will be a set back for many traders in the long term it will be the best decision for the company. I have been very aware of that risk since I started investing here that's why I mentioned in my earlier posts to save some money for that purpose and "turning crisis into opportunity"
It is evident Rick has tried with no success to propel the PPS, IMO he made it in order to set a reasonable R/S and suitable for a higher Market which is not necessarily Nasdaq for now, Thats the reason I adventure to mention such a Huge R/S 5000:1. Thats is not out of the question in the OTC environment.
Yes TIA
Yeap R/S seems to be the exit door when? probably when Name and symbol change.
My guess is a minimum of 5000:1 with an OS=1.62 M
Yeap...But JPEX still Shell Risk until next Filing shows assets etc.
Thanks for the Link, according to Form 15. Jpex is now required to file since
Beneficial Shareholders are 1,870 12/28/2022
https://www.otcmarkets.com/stock/JPEX/security
Rule 12g-4(a)(2) is a provision of the Securities Exchange Act of 1934 that allows an issuer to terminate its registration under Section 12(g) of the Act if it meets certain conditions. According to the rule, termination of registration shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 that the class of securities is held of record by fewer than 500 persons and where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's most recent three fiscal years¹.
Rule 12h-3(b)(1)(i) is a provision of the Securities Exchange Act of 1934 that allows an issuer to suspend its reporting obligations under Section 15(d) of the Exchange Act if it meets certain conditions. According to the rule, one of the classes of securities eligible for suspension is any class of securities, other than any class of asset-backed securities, held of record by fewer than 300 persons
Yes disappointment is the exact word, if comparing to past mergers 1-2 years ago. But it is an opportunity to grab some more chips at lower prices. This will fly when plagues start coming back, they will for sure, days ago I posted a link to an interview to Bill Gates "predicting" one. He who belongs to the BILDERBERG CLUB, must be in the loop. So time to buy more chips and H2 jets before prices of both raises to the moon.
how about Hovendick Mitch he owns more than 10% of the co and is married to some Carmen, i dont know her last name, would she one of the guel family?
I dont see any Schedule 13d form filed with her name or the GUEL FAMILY TRUST related to JPEX.
Ownership
2017-06-23 SC 13G JPEX / JPX Global, Inc. / Hovendick Mitch - SCHEDULE 13G Passive Investment
2015-02-20 SC 13G JPEX / JPX Global, Inc. / Hovendick Mitch - SCHEDULE 13G Passive Investment
2014-12-05 SC 13G JPEX / JPX Global, Inc. / Hovendick Mitch - SCHEDULE 13G Passive Investment
2014-06-16 SC 13G/A JPEX / JPX Global, Inc. / ASHER ENTERPRISES INC - SCHEDULE 13G/A Passive Investment
2013-11-04 SC 13G JPEX / JPX Global, Inc. / ASHER ENTERPRISES INC - SC 13G Passive Investment
2013-02-27 SC 13G JPEX / JPX Global, Inc. / SCORPEX INTERNATIONAL, INC. Passive Investment
Thanks for the link, so Maria C. Guel is the president and director of MGC and the sole trustee of the Guel Family trust which is the sole owner of MGC.
From my DD, Mekaddesh Group Corporation (MGC) was basically a Shell too, There is a consent decree with the FCC for lack of operation
https://www.fcc.gov/document/mekaddesh-group-corporation-consent-decree
However, It seems JPEX is using this acquisition as base for a bigger plan as they state " MGC is currently working with Radio Stations and TV Stations, to create a platform for the independent production of programs, such as soap operas, movies, and news. We are currently working on presenting high-tech studio digital platforms in major cities in the United States.". Also important is the following "MGC's goal for 2023 is to finish the construction of 12 television Stations with 6-8 Channel independent broadcasting programs on each station. MGC plans 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"
IMO, it is a bold plan, the question is will they get Financing for such a project in the current environment?. Speculation from my part, JPEX already got such financing and are working on it since the past October, We should be getting news "soon", The risk to buy at this level is low and could be quite rewarding if they accomplish what they stated above.
Anyway
Maybe R/S is looming, after all, no more worries about Debt ceiling
Rick must feel outrageous, so much good news and still in Trip territory!! I hope he doesnt blame it on the huge OS and press the R/S button.
GM Gator.. Crazy stock Huge volume out of Nothing and still PINK LIMITED!!, no news either
Indeed, where do I buy a Time travel machine LOL
Excellent report!! once real revenues converge with this report pps could go as high as 0.02. Assuming soft landing economy which is very uncertaing at this point also no R/S.
PINK CURRENT WHEN? Is Taken too long, Last time they went back to current status in less than a week!
Back to Basement!
Huge Volume today and no News!! One day Rally same as the other day?
Agree we need Revenue projections otherwise those Bold words will stay in the air.
Also good time to address OS issues BuyBacks or R/S or other...?.
With Market Capitalization = $120 M PLPL needs to have sales around $40 M/ year ( assuming Gross Profit = $8 M and PE = 15 ), quite attainable with its outstanding products
https://mekaddeshgroup.com/
From what I see in the Mekaddeshgroup ' web page JPEX not only acquires Media stations but also give consultant work related to installing and operating them.
JPEX with a market capital of $5 M, that is PPS = 0.003, it needs Revenues around $3 M/ year. Assuming Gross profit % = 12 and PE = 10.
Check Accumulation Distribution UP
https://stockcharts.com/c-sc/sc?s=JPEX&p=D&yr=0&mn=6&dy=0&i=t1884787584c&r=1685385700023
"They have also been very clear they have no need to dilute..."
Whats your idea of the above? That is OK to R/S because they wont add shares in the mid term? TIA
$$$ 5 is the target....after 5000:1 R/S!!!!
FINANCIAL REPORTING:
Fiscal Year End 6/30
https://www.otcmarkets.com/stock/PLPL/profile
Did you see your trade in L2? what MM kept it?