Replies to post #94201 on JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

Layers of LLC's +confusing name games =whack-a-mole. IMO all of it designed to dupe investors into leaping to conclusions while evading responsibility.

IMO there is no reason for John K Park to have multiple corporations & LLC's for his "JP" this-n-that (Holdings/ Energy Global/ Energy Group).."JP 3E" that... "Hamilton/ G2" whatever.

B. List any subsidiaries, parent company, or affiliated companies. JP Energy Group, Inc, JP Energy Global, PTE LTD. And PEC. (Not Bloxcross?)

C. Describe the issuers’ principal products or services. Contracts in Sugar, Chicken Paws, Multiple Agricultural Products, LNG, and Education / Real Estate not international payment processing by Bloxcross?

[I ll be back]

It depends on who the borrower is.

Bloxcross would own the balance (49%) of the property, so why does Park list 100% of the debt and asset value for the 510 Hamilton Street apartment building on SPZI's financials?

IF Bloxcross owns 49% under the membership under the LLC, they should ONLY be listing 49% of the value on their balance sheet. The downside is, if Hamilton Street is the borrower, they would need to show 100% of the loan as a liability due to the loan guarantee. Blowcross has zero liability under the lender.