JPX Global Inc (JPEX)

[planetaryfuture]

Thanks for a bit of clarification .....

I guess I missed a lot of the critical DD .....

I am fascinated by the alleged collective share number of voting shares for JPEX being beyond 10 TRILLION ..... unless that number might be in error ..... With 12 zeroes we are looking at trillions rather than billions ..... as far as i can tell .....

1) As of December 31, 2021 , the Company had no other Officers or Directors and no other control persons related
to current management owned shares of any class of stock.

2) As of the date this report was filed, Frank I Igwealor owns and controls Community Economic Development
Capital, LLC. (CED Capital), a California limited liabilities company, with an address at 370 Amapola Ave., Suite
200-A, Torrance, CA 90501. CED Capital owns five (5) shares of Special 2021 Series A Preferred Stock. Each
one (1) of the Special 2021 Series A Preferred Stock is convertible into 2,000,000,000 shares of the Company’s
common stock. The Special 2021 Series A Preferred Stock has 10,000,000,000,000 votes of the Company’s total
voting shares of all classes of stock.

NOTE 8 - SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date of filing the consolidated financial statements with OTC
Markets, the date the consolidated financial statements were available to be issued. Management is not aware of any
significant events that occurred subsequent to the balance sheet date that would have a material effect on the
consolidated financial statements thereby requiring adjustment or disclosure, other than those noted below:

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 VeeMostTechnologies 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.

https://www.otcmarkets.com/otcapi/company/financial-report/324520/content

Best Wishes