JPX Global Inc (JPEX)

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Is this the news everyone talking about??

"JPEX is an emerging player in the industrial waste management market, which will grow from an estimated $863.8 billion in 2014 to $1,442.0 billion by 2019 with a CAGR of 8.9% from 2014 to 2019. The reason why the bulls could be all over JPEX is because JPEX just contracted to bring its equipment online for operations and get the top line rolling in a recovering Mexican marketplace.

Technically, JPEX is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way. JPEX just recorded a major MACD Bullish reversal, suggesting a technical change in trend. Technically, the stock is carving out support in the $0.05-0.07 area. Volume has been increasing, and technical indicators point to an opportunity.

The company has just taken a huge step and acquired the patented equipment and technology for waste gasification at the Company’s facilities in Rosarito, Mexico for the benefit of both the Company and its Mexican operating partner, Tratamientos Ambientales Scorpion S.A. de C.V. The Company and TAS are developing a hazardous waste storage, disposal, and recycling site in Rosarito, Mexico.

As the company states in a recent 8k: “The Company retains 80% of the net revenues from the project and must pay 20% of the future net revenues to TAS. Pursuant to the terms of the Agreement, Mr. Caywood contracted to purchase the Equipment for an aggregate of $29,000,000. We are also working on securing the funding.”

jmo