Dear Miss Maria Guel:
I am a shareholder of the company and I would like to ask you several questions respect to the whereabouts related to JPX Global, Inc. (JPEX).
When reading the disclosures found at the OTC site JPEX - JPX Global, Inc. | Disclosure | OTC Markets, specifically, disclosure 1-AA. It mentions that JPEX has acquired the Mekaddesh Group Corporation (MGC) since March 2023 and also mentions that Maria Guel is the new CEO, however the OTC site nor the Nevada SOS have not been updated accordingly. Possible investors frequently ask if Ambrose Okechukwu Egbuonu is still the CEO.
Another question is related to the lack of promptness to file the last Quarterly financial report due about 1 month ago that has brought JPEX status as Pink Limited Information at the OTC site. When this happens many brokers deny possible investors to acquire shares in the open market. Furthermore, if the lack of filing continues, very sadly JPEX will be soon marked with the Expert Market status which is the worse situation a Public company can stay in the Pink Market. This is very important specially when there is an Offering of $16 Million being advertised. By the way, It has been 3 months since the SEC has approved it, and we have no news of the whereabouts of it. What about the MGC's goal for 2023 which was “ to finish the construction of 12 television Stations with 6-8 Channel independent broadcasting programs on each station” ?. Did you accomplish it or at least part of it. Also, I suggest to update the JPEX Business Description found at the Otc site
JPEX - JPX Global, Inc. | Company Profile | OTC Markets
Lastly and, very important, in the last Quarterly Financial report of June 30, 2023. There is no mention and consequently total disregard of the Financial data respect to the Mekaddesh Group Corporation which is wholly stated in the 1-AA disclosure. Shouldn’t this MGC’ Financial data be consolidated to the JPEX Quarterly report?.
I hope you promptly address these questions to us the shareholders, I,m sure we are waiting very anxiously for these questions to be properly answered. I will candidly post this letter in the IHUB site JPX Global Inc (JPEX) Stock Message Board | InvestorsHub (advfn.com).
Have a nice and safe holiday
December 21, 2023
