JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

AGAIN..the first ever admission of these ESC "charity" donations were confessed thanks to the 2022-2023 "supplemental audit" published on 7/3/2024.

Note 6. Related Party Transactions
Epidemiologic Solutions Corporation (ESC), a 501 C (3) charity has made donations totaling $71,116 and $151,638 during the years ended December 31, 2023 and 2022, respectively. The capital contributions were to assist the Company with operating capital. There were no amounts paid to any Officers or Directors of the Company. ESC has no relationship to the Company and exists as a benefactor for the Company through the ownership of stock via common shares purchased from third parties. As of December 31, 2023 and 2022, the Company owed the previous CEO $66,194 and $37,262, respectively, for compensation not yet paid. https://www.otcmarkets.com/otcapi/company/financial-report/407053/content

So that was old business by previous management? Then how do they explain this? Anyone buying that crap? Then this

Notes to Consolidated Financial StatementsJune 30, 2024 and 2023 (Unaudited)

Note 6. Related Party
Transactions Epidemiologic Solutions Corporation (ESC), a 501 C (3) charity has made donations totaling $714,463 and $71,116 in June 30, 2024 and December 31, 2023, respectively. The capital contributions were to assist the Company with operating capital. There were no amounts paid to any Officers or Directors of the Company. ESC has no relationship to the Company and exists as a benefactor for the Company through the ownership of stock via
common shares purchased from third parties. (Last page) https://www.otcmarkets.com/otcapi/company/financial-report/409686/content

So in addition to the $71,116 received after Park showed up... another $714,463 in "donations" poured in between in Q1 & Q2??? "CHARITABLE DONATIONS"= NO STRINGS ATTACHED? NO REPAYMENT REQUIRED? Read on from Q2--

"Note 5. Loans

As of June 30, 2024, the Company has an outstanding Short Term Business Loan (“Loans”) balance of $728,950. The proceeds from these Loans are being utilized to fund the Company’s working capital needs Until that time the Company is able to fund operations either through revenue generation and/or capital fund raise. These loans are due in less than one year with interest rates ranging from 4.89% to 5.28%" (Last page): https://www.otcmarkets.com/otcapi/company/financial-report/409686/content

$728,950 - $714,463= $14,487 (the latter being 2.03% of $714.463...."interest?"

Point being..Park is continuing to receive "donations" from a charity that also claims to be buying shares as ''investments'' from a company that can't finance its ow operations...but there's no "quid pro quo"?

Again, the only known recipients to these ESC donations appear tied to the Goulding family (SPZI, GRPS and HALB).

IMO this stinks to high heaven. The IRS needs to look into this.