JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Commercial real estate values "ticking time bomb"

https://www.politico.com/news/2024/09/02/office-property-values-fed-00174697

How does CR values/ leverage compare to the sub-prime disaster of 2007?

As far as housing goes, even though rents are rising are they enough to cover increases in costs (insurance, repairs/ maintenance, utilities, taxes and interest rates/ debt service)?

Page 15 FIXED ASSETS: Land & Buildings ( see Note 9. ) $18,232,526 (Note: Park values Bloxcross at $7 million more than 510 Hamilton St)

Long Term Bank Loan (see Note 11.) $22,992,544
https://www.otcmarkets.com/otcapi/company/financial-report/417481/content

Page 22

Note 11. Long Term Bank Loan
The increase in Long term bank loan - notes payable of $22,992,544 as of September 30, 2024 is from
>>Hamilton Associates LLC<<.

https://www.otcmarkets.com/otcapi/company/financial-report/417481/content

So Park took out a $22,992,544 loan to either buy or pay off an asset he says is worth $18,232,526. That's a $4.76 million hole.