JPX Global Inc (JPEX)

[MaximusProfiticus]

Caywood has a history of using promised shares to swindle / con people.

JPX GLOBAL, INC.
QUARTERLY PERIOD ENDED SEPTEMBER 30, 2015


“ On May 20, 2014, the Company was served in a Utah lawsuit entitled “Robert Denman, Plaintiff, v. JPX Global, Inc., Joseph A. Caywood, and John D. Thomas, Defendants”. The lawsuit alleges breach of contract in connection with a December 2012 Stock Purchase Agreement (the “SPA”) between Robert Denman (“Denman”) and Joseph Caywood (“Caywood”). The lawsuit alleges that Caywood failed to pay Denman any of the $100,000 Promissory Note due February 28, 2013 which Denman received from Caywood as consideration for the agreed sale of 20,000,000 shares of common stock pursuant to the SPA and that the Company has not returned the 20,000,000 shares of common stock (which are still registered in the name of Denman) to Denman.

On August 28, 2014, pursuant to a Motion to Dismiss filed by the Company on August 26, 2014, the Utah court dismissed all claims against the Company for lack of personal jurisdiction but retained jurisdiction over the 20,000,000 shares of common stock in question until the issuance of an appropriate, final order regarding the disposition thereof.”