Frank has sounded like he is begging MGC for a new RM deal. Maria Guel has done nothing for jpex, just a waste of time. Furthermore MGC has not payed the yearly 12% agreed for the $475000 also no word of the issues raised by the FCC and Guel's father to make matters worse. Frank has to take jpex out of EM. IMO, He should get rid of MGC and find a new target.

I dont understand why jpex, which is back to Frank's control and hence a shell and have no assurance to get an agreement for a RM with MGC, dare to do same offering which is about to expire. They lost more than a year in negotiations and ended up in EM. Frank should have had a plan B in case of failing with MGC. Quite uncertain times specially when WW3 is about to start.

From the latest disclosure it seems that jpex still on the radio tv business
"on September 7, 2024, the parties to the above mentioned Securities Purchase Agreement (SPA) that gave rise to the $475,000 convertible notes decided to rescind and cancel the agreement due to series of misunderstanding of terms of the reverse merger which led to the refusal of the board of both entities to decline approval of the reverse merger. The group hope to formulate a new agreement in the future but the terms of such future agreement is uncertain. The analysis below takes into consideration a scenario that includes a new agreement with similar terms, thus the following analysis....."

"to rescind the acquisition/merger agreement, restoring each party to its pre-agreement status"

... Frank/Mitch must be looking for a new RM target. We might have to wait until mid 2025 for relevant news, in the mid time Frank must do the paperwork to put us back in pink current mode.

The 4 Billion share offering will expire this month, certainly it was a waste of time and lawyer money plus Sec fees. It seems there will be no RM either. Anyone knows the whereabouts related to the Guel family and the issues with the FCC?. Hopefully,
Frank must be looking for a new RM target.

It has been a month and CEO Guel has done nothing to turn jpex back to pink current. So I must suppose that Frank are looking for a new RM TARGET, while asking back the preferred shared plus interests 12% per year, that is about $65K. I dont think MGC wants to get involve in a SUE for misrepresentation and Frank dont want to lose time either. So I looking forward for news in a few months, this nightmare may become profitable after all, specially for the ones who got shares below 0.001. Cheers

Will hold until jpex is RMed by MGC or another Company, which ever come first. All bets are off if WW3 comes first.

The only reason Alpharidge bought the shell was to RM and take profits. Respect to MGC, it looked promising, with assets value more than $200 M and annual gross profits beyond a $1 M, who could imagine that one of the main mentors in this deal was a non US citizen, possibly an illegal alien. So worst scenario will be return to the blackboard and search for another RM unless WW3 starts, JMO. Do you have another dream?

" ....I foresee Alpharidge getting control of the JPEX ticker again and finding a new candidate to merge into it in the energy sector where Hovendick has been employed in since 1997…"

Yeap... Most probable outcome...maybe a PR with an acknowledgement of dissolving the relationship plus announcement of new RM with an XX company

"...Hovendick will make sure that he will be awarded many shares on the new deal..."

You mean Rinse and Repeat, ludicrous to say the least, what base could it be to ask for more shares in a new sue?

It's been 2 years since the new relationship with MGC, and no word from Hovendick... Silence is consent.

Thanks tractor for the link, I think worse case scenario for JPEX could be dissolvent of the relationship with MGC because of misrepresentation also some kind of damage to Alpharidge plus return of the 5 preferent shares. In the mean time, I suppose jpex is looking for a new target for RM as well.

Hovendick is not the issue this time, he probably screw some with the former failed reverse merge, I arguably agree on that. This time the issue is Antonio Cesar Guel, he lied clumsily about his citizenship. Those at the MGC are trying to erase all traces of his name in the corporation, will they be successful about it? If they do then the reverse merge will happen and the real value of the new JPEX will be more than $200 M with gross annual profits beyond 1 M. just read the 1As and figure it out. Getting out of EM is not a big deal indeed, so shareholders just have to wait and if they can grab some 0001s consider themselves lucky campers, IMO.

The last one is the k filing, nothing new, offerings are from 2023, which one are you talking about?

Any link about it or just a guess?

I read somewhere that some canadian brokers allow it to buy even when at EM.

IMO, Buying below 0003 will be quite rewarding once the Antonio Guel affairs with the FCC if/is clarified in favor of MGC. That is the main obstacle to the Reverse Merge.

my broker, tdameritrade doesn't allow me to buy even when jpex was pink limited, much less now as expert market. How do you buy jpex?

Will someone call our dear bitchy CEO?

Jpex is now EM

As I said days ago, shareholders are kidnapped by the Mekaddesh Group Corporation (MGC), They have the majority of votes in JPEX and MGC, they wont Reverse merge until they decide to do it . In the mean time allowing the SP to go lower and lower, so they can by those 4 Billion shares cheap, then news will come and the real value of JPEX reverse merged will surface , that is , more than $200 million!!!. I can wait out this game....

Are we going EM this week?

Is the attorney letter the missing link?

Most stock pundits agree on one thing, we are headed for a crash worse than 1929, SP and Nasdaq almost at all time high because one reason November election, once that effect is over then pain will come to pinch the buble the whole market included Cripto currency, if US and Russia have a barely decent GDP growth is because of the war. Last time I checked Harry Dent, which have been wrong this past year predicting the market, mention to follow the Russell 2000 very closely since it is the only one not going up unlike the other indexes.

For us, otc trader, we are already in a depressed mode. Jpex shareholders are hostages of MGC' affairs with the FCC. Notice that A Guel is not mentioned at all in the latest filing.

"Possibilities exist for good news on several fronts. "

Agreed.... If MGC' s financial statements are correct then when the reverse merge are finally done then JPEX SP could be worth above a penny plus. Patience is paramount for us in the meantime.

"I believe they will need another Attorney Letter in order to be upgraded back to Pink Current."

Right, also I'm waiting for the judge to decide if Jpex is party on the FCC case against A. Guel which IMO is holding off the Reverse Merge + the share offering + the other plans mentioned in the filing.

I wonder if she is prepared to be a public company CEO. It seems like by having the control majority would means they do whatever including not doing basic duties as updating fundamental information, like Maria Guel as current CEO, in both the Nevada site and OTC as well. Also Some information made to the sec in the 1-As filings has contradicted the latest semi-anual report. For instance they first claimed JPEX had bought MGC in March 2023, now they say they are still in a "pre stage" of MGC reverse merging JPEX.

Question is what happen if the judge decides jpex' must be a party in Antonio Guel' s affairs?. IMO, That's a main reason to hold the offering and the reverse merge too. There could be some damages if they find that A. Guel was part owner more than a consultant in MGC and order of forfeiture could be in place.

Yeah I saw it. From what I read, they have done some of what they planned for 2023 and probably will finish the 2023 plans this year. They have hired 5 employees so far. I would like to see MGC' annual financials for 2023 and analized the progress done it if at all. I still think that Antonio Guel 's affairs with the FCC is keeping the merger and its plans in a waiting stage from both parties at least until it is solved favorably. What do you think?

Now that 1K is filed will jpex stay pink limited or go back to pink current?. One thing is for sure Jpex stays shell risk until MGC REVERSE MERGE JPEX.

"Mekaddesh buys JPEX for .0004 from Alpharidge… "

Only if MGC doesnt pay those 0.475 M + 12% interest.

MGC WOULD REVERSE MERGE JPX which is still not a done deal so far. However Maria Guel is Ceo of both JPEX and MGC....I still dont get it. Maybe this has to deal with the Antonio Guel issues with the FCC.

Semi-anual report has been filed
https://www.otcmarkets.com/stock/JPEX/disclosure

K report

My understanding is that they filed those 1As in order to get rid of Antonio Guel out of the Mekaddesh Group Corporation (MGC) as a co-owner.
Notice they initially filed 4 members Singh , Antonio Guel, Maria Guel and somebody else, and it ended up with Singh as only owner of the five preferred shares in order to get control of JPEX. MGC wants to associate A. Guel just as a consultant and avoid JPEX to get involved as a party in the case against A. Guel.

IMO, that's the main reason the Share offering is stalled and no updates in the OTC nor the Nevada SOS either.

"...The only bright spot is they haven't done shit all year so it should pretty much be a copy and paste of last year's reports with just a few dates changed..."

IMO, for the incoming Q, Jpex must consolidate Mekaddesh's financials into Jpex's, since MGC is its only subsidiary. Last year MGC had substantial gross profits, around $ 1.2 M. Such figures are filed in the 1As disclosures which jpex had annexed when applying for the share offering.

The main issue is related to Antonio C. Guel which is not a US citizen and is not in compliance with the FFC rules. They want to prove he is part of the MGC and treat Jpex as party in that matter. In the mean time I assume MGC has kept working on its 2023-2024 plan stated In the OTC company profile.

Annual Report is due this month

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 .