Replies to post #98319 on JP 3E Holdings Inc (JPTE)

[Kool Aid Man]

So unless Park can prove that Pavicic and the bank approved the acquisition of 510 Hamilton by JPTE it was all one big fat lie. How many investors bought shares because of that claim? How many of Park's partners cut deals based on his bogus financial statements which he certified as containing "no untrue statements?"

IMO apparently claims that the (*cough cough*) "acquisitions'' of 510 Hamilton and Bloxcross were were made to dupe OTC Markets into removing the ''shell risk warning" in order to deceive investors. It also seems likely that rents were collected and diverted into the coffers of JPTE. Seems I recall over $200k in travel expenses claimed in some quarters paid with rents owed to the bank?!!!

Pavicic seems to be on the hook for trusting Park to manage 510. I'm curious how he will recoup his losses Park if mismanagement is proven.

[I ll be back]

As much as I like to support your statement.

This makes Parks claim of JPTE's ownership even more unbelievable.

What you have posted here only relates to the "loan".

Pavicic was the sole member of Borrower. Pavicic is also a guarantor of the commercial loan described more fully below (Guarantor and together with Borrower, individually and collectively,

It has been known for sometime that Parvicic was the ONLY one who signed the loan and the only one who was named as providing the personal guarantee. It is not uncommon for a general partner (GP) to be the developer and the party the bank turns too to provide the personal guarantee. Parks or any other legal entity can hold an ownership as LONG as the lender had approved it.

As I mentioned before, without a copy of the OA, there’s no legal way to know who might have a valid claim. That’s why the attorney named Park’s LLC right from the start. While Parks has plenty to answer for, I’d say this filing doesn’t back up what you’re hoping for.