JPX Global Inc (JPEX)

[chemist72]

My current assessment of JPEX status as Pink Limited.

All opinions in this post are my own based on facts regarding OTC guidelines and JPEX SEC filings.

JPEX was downgraded from Pink Current to Pink Limited on Nov. 16, 2023 (Fact). I believe this downgrade was based on the fact that JPEX did not file a Q3 report on time (Fact). Q3 report was due on Nov. 15, 2023 and has not been filed up to the present time (facts).

So how does JPEX get back to Pink Current? One way may be to file Q3 before their FY 2023 Annual Report is due (due date for OTC Annual report is March 30, 2024). However, JPEX has recently filed an SEC SEMI-ANNUAL REPORT PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933. https://www.sec.gov/Archives/edgar/data/1506814/000190359623000903/jpx_1sa.htm

So perhaps JPEX is now going to be an SEC filer and will need to file an SEC Annual Report for Regulation A (these are my opinions). Whether filed under OTC disclosure guidelines or under SEC guidelines the 2023 Annual report is due by March 30, 2023 (fact). However since March 30, 2024 falls on a Sunday, JPEX would actually have until Monday April 1, 2024 to file on time. If they are filing the Annual report using the OTC disclosure guidelines they would get a 15-day "Grace Period" before being downgraded from Pink Limited to Expert Market. (Believe me. I have already gone through this with another OTC ticker I own. Fortunately this other OTC ticker did finally file their Annual disclosure and was on the EM tier for only one day before being upgraded back to Pink Limited.)

Don't know what JPEX's plan is for filing their 2023 Annual report, but I am confident they will file it on time one way or the other. (my opinion obviously).

Please read my disclaimer below.