JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

IMO Park may be acting as a "straw buyer" to move an asset into SPZI in order to achieve removal of the "shell risk" warning and infuse a veneer of legitimacy (along with the audit) into this ticker. More on straw buyers https://www.investopedia.com/terms/s/straw-buyer.asp

IMO no one in their right mind would actually exchange their equity of anything of true value into a ticker whose authorized shares are already maxed out. According to his PR this deal hinges on the issuance of tons of new convertible Preferred C shares and warrants. >>IF<< those shares are exempt from a reverse split then that's what I see happening. If a R/S does happen they'll essentially be able to start over after wiping out current common shareholders.

Having this ''asset'' on the books seems designed to pump the stock pre R/S.

Lastly, there's apparently nothing stopping management from moving the 510 Hamilton asset back out of SPZI.

How many unfinished/ failed acquisitions and JKP projects does this make now? I've lost count.