JPX Global Inc (CE) (JPEX) News

Idgaf I'm in at .0001

Let's see some filings

Find them when they are cheap

Thanks tractor for the link, I think worse case scenario for JPEX could be dissolvent of the relationship with MGC because of misrepresentation also some kind of damage to Alpharidge plus return of the 5 preferent shares. In the mean time, I suppose jpex is looking for a new target for RM as well.

Like I said before, the Mekaddesh Group may not remain with the JPEX ticker. Regardless, you knew there were billions of shares coming from a offering over a year ago and a belief in a RS was also inevitable and you continued to hold and be devoted to your JPEX shares! Again, that’s 50 years of unique experience! It’s only a matter of time…

How is this good for this issue? More legal issues more court issues more judges decisions. This pos jpex is worse then toast.

Dated 4/7/2024 which was basically two weeks before JPEX went into the otc expert market.. There is more going on then Antonio Guels citizenship issue and Hovendick was more than likely unknowledgeable about what truly was going on. Note the last paragraph here emphasizing the declining business of HFCN:

“The FCC’s quarterly station count shows the continued decline in the number of AM stations as seventeen licenses have been cancelled since the end of 2023. Also dropping are the number of LPFMs despite the first of last year’s filing window stations making the air as the count falls by seven stations.”

https://radioinsight.com/headlines/267174/fcc-report-4-7-fcc-denies-roger-wahls-request-for-review-of-his-wqzs-revocation-scope-of-guel-family-probe/

A probe against into the actual de-facto control of seven LPTV licenses was rejected towards being expanded to include two radio license holding companies. The FCC designated Jennifer Juarez’s Hispanic Christian Community Network to a revocation hearing last August over over the assignment and operation of the stations from Antonio Cesar Guel to his niece Jennifer Juarez.

As the hearing process went on, Juarez waived her right to a hearing a submitted the licenses for cancellation as Guel, a Mexican citizen unable to hold an FCC license, admitted to continuing to operate and control the stations after assigning them from HCCN to Juarez. During the discovery process responses from Guel indicated that similar processes may have happened with Guel’s role in Mekaddesh Group Corporation and Hispanic Family Christian Network owned by other members of his family.

The FCC noted that Guel, who previously stated he was a US citizen on FCC filings despite not being so, and his wife fund the Guel Family Trust, which holds 100% of Mekkadesh, but Guel attests his daughter Maria Guel is the controlling owner of both.

FCC Administrative Law Judge Jane Hinckley Halprin stated, “The record of this proceeding thus far also reveals conduct of individuals and licensees other than Mr. Guel, including but not limited to Maria Guel, that may provide evidence of unauthorized transfers of control of FCC licenses, lack of candor with the Commission, and other violations of the Communications Act and the Commission’s rules. In weighing whether to consider the additional issues requested by the Enforcement Bureau, the Presiding Judge finds the Media Bureau’s approach in the HCCN HDO instructive. The Media Bureau mentioned Mr. Guel’s connections to other Guel family businesses, including HCFN and Mekaddesh, and the involvement of other Guel family members – including Maria Guel and Cesar Guel, Mr. Guel’s son – in possible FCC violations. Despite that, the Media Bureau designated for hearing only issues associated with HCCN and the above-captioned licenses that HCCN assigned to Jennifer Juarez. At the same time, as already discussed in the February 5 Order, the Media Bureau suggested that it is investigating other Guel family licenses. Concerns regarding misrepresentations made in documents filed with the SEC also might bear investigation by that agency. The Presiding Judge has carefully considered these additional facts and circumstances and concludes that declining to enlarge the issues as requested by the Enforcement Bureau is consistent with the Media Bureau’s approach in the HCCN HDO and avoids potentially interfering with any related investigations the Media Bureau may be conducting. Further, given the scope of possible inquiry and the number of parties in addition to Mr. Guel and HCCN that the record suggests might have engaged in violations, the Presiding Judge finds that it would not be efficient to refocus this proceeding by enlarging the issues.”

Halprin continued, “While some of the discovery and filings submitted in this hearing might inform collateral proceedings involving other Guel family members and licenses, such information is also material to evaluating Mr. Guel’s candor during this proceeding, including the veracity of his declarations and possible testimony. This information similarly is material to evaluating the veracity of declarations by others that Mr. Guel has submitted, along with the possible testimony of those declarants. The Presiding Judge intends to permit limited additional discovery regarding other Guel family business activities to the extent that discovery is aimed at evaluating the veracity of Mr. Guel’s filings in this proceeding. Consistent with the Commission’s rules, that discovery must be reasonably calculated to lead to admissible evidence regarding the issues that remain in this proceeding; this is not an invitation to engage in broad discovery that is arguably not relevant. The Presiding Judge has authority to issue subpoenas requiring the provision of documents, testimony, and other information from Mekaddesh, HFCN, and others, and will exercise that authority as she deems necessary and appropriate for these purposes.”

A waiver request by tower operator Vertical Bridge will enable other tower owners to gain a waiver from the FCC requirement for quarterly inspections of certain lighting systems. The commission has granted the waiver request from Vertical Bridge and Drake Services to allow those using Drake’s LED lighting monitoring system to request a waiver from the quarterly inspection by supplying a signed certification they are using Drake’s product on their tower(s).

The FCC’s quarterly station count shows the continued decline in the number of AM stations as seventeen licenses have been cancelled since the end of 2023. Also dropping are the number of LPFMs despite the first of last year’s filing window stations making the air as the count falls by seven stations.

I am.

Who's going to buy shares in a dead ticker?

Doesn't make any "cents" to me. lol

What are you not understanding about what I am saying? Seems like you may be of the lower IQ. I said there is a share offering approved. Nothing sold yet so this stock is not dead.

Thx Jufel appreciate your take on this. Hovendick was the culprit but if this guy is the problem now then just have to be patient.

Your attitude is a good one. But as for me, I have absolutely no intention of buying any more shares of this POS.

And I hope everyone associated with this ticker (not the common shareholders) rots in hell. lol

I sympathize with your feelings. There's no doubt in my mind that M. Hovendick has been nothing but a BIG pain in the ass for every common shareholder of $JPEX.

But I don't think a class action suit is either practical or worthwhile, not to mention that they are usually not successful. So you can rail all you want about Mitch but I've had my say about him previously and I don't want to revisit those feelings again.

But thanks for giving me the chance to get one more dig at him anyway! lol

Hovendick is not the issue this time, he probably screw some with the former failed reverse merge, I arguably agree on that. This time the issue is Antonio Cesar Guel, he lied clumsily about his citizenship. Those at the MGC are trying to erase all traces of his name in the corporation, will they be successful about it? If they do then the reverse merge will happen and the real value of the new JPEX will be more than $200 M with gross annual profits beyond 1 M. just read the 1As and figure it out. Getting out of EM is not a big deal indeed, so shareholders just have to wait and if they can grab some 0001s consider themselves lucky campers, IMO.

I will say it again. This stock is toast. They will need for it to be resurrected. 15c211 must be done to get normal pink sheet trading again.
This guy Hovendick is pulling the strings and he should have a monstrous class action suit against him. Go after him for punitive damages because
he is another rich asshole that takes monies from the little guy. If someone can refute what I am saying come at me.

You seem to be trying to drum up enthusiasm for a dead ticker on the Expert Market ($JPEX).

If you really want to do this, why not speak plainly and clearly. So far most of your posts have been rah, rah, rah and not much else.

Just my own opinions.

Yes. It's approved and nothing was sold, so you do the math ok

The last one is the k filing, nothing new, offerings are from 2023, which one are you talking about?

It's all in the filings on EDGAR

Any link about it or just a guess?

Are you employed by Hovendick or are you just enamored with the man. Your thoughts and ramblings are really delusional in every sentence you write. I am not getting into a war of semantics with you. All people care about is their investment is dead or alive. This is a dead deal. You have been rambling on for years with the same nonsense. No one wants this deal to work more then myself and all investors. What Hovendick does with his 100 million shares you know where he can stick them. Get off your high horse and maybe care about the poor average middle class guys who have been burned by this deal. Frank is no angel either but at least he tried to put something viable at the time into the deal. By the way .02 is better then 0001 which is what this stock is at and no quotes and most brokers will only allow you to sell. How does that work out Tractor man?

Save it! If you were so confident that a RS was coming MANY MONTHS AGO IN MID 2023 or EARLIER and how ugly it was gonna be you could of simply exited your position at a higher level to prevent what you are promoting as “abysmal” and significantly greater oncoming losses”! Why did you do that to yourself after trading for 50 years? Tell us your impression of the Mekkadesh Groups role in all of this as it pertains to Hovendicks remaining 100,000,000 shares? Do you really think they would supposedly dilute these billions of shares into the market at .0001? How? That is if the Mekaddesh Group remains in control of the JPEX ticker! As you just mentioned, if Hovendick fought the GDVM deal all the way to intentionally screw over the “small” retail shareholders along with his original financial investment into JPEX, that really is one of the stupidest and illogical things I have ever read….

Share offering is ready. They will bring it back with filings to trade again.

Don't ask. It's a mess.

I haven't unscrambled everything myself and now I really don't care.

If you're really interested ask one of the other posters here who is more knowledgeable than I.

Sorry I can't answer your question.

I see level 2 but your optimism is a bit misguided. In order to get this stock back on track it will need a brand new 15c211 and much scrutiny with Finra and the SEC. They had a deal and Hovendick fought it all the way. I could care less if he is buried with his 100 million shares. He doesn't give a shit about the smaller investor. He can make his 1 million a year, by the way that does nothing for the screwed investors. :You seem to love this man and trying to figure out why. The man screwed shareholders. That what i care about. He can stick his 100 million where the sun don't shine. By the way how about the ugly reverse that will come on a stock with so many billions of shares outstanding. Been in trading for 50 years. You lose and you win and thank god i am a winner but everytime i see interference in a penny stock the results are abysmal.

What happen ?

Simply tell us why he didn’t want the merger to go through? There was obviously money on the table for Hovendick to recover probably all his losses! Why wasn’t that appealing to him? Hovendick still has over 100,000,000 shares of JPEX and that is non negotiable! I am a strong believer that JPEX is not done and I would recommend on a daily basis you contact your broker to see if the bid prices rise because there obviously will be buyers for your shares and you can exit your position. Obviously you believe your investment is a total lost and you don’t want to be here for what the future holds…

You drank the kool aid tractor man. Investors got fleeced because he did not let the merger go. That is all everyone on this board cares about. You can go worry about a 70 year old bastard. You must be really ignorant to care about a guy that has amassed a fortune but screws everyone in his way. I can already tell what political views as you sound selfish self centered and want the rich to get richer at the expense of the little guy.

Save the BS! Mitch still owns his over 100,000,000 shares so how did he shove them up investors behinds? He is still one of the major holders of JPEX! How in the world would this be about money when he has a job that more than likely pays him more than $1,000,000.00 a year and probably has been for decades? He could of easily agreed to the GDVM merger but obviously he didn’t want it! Why? He started working for EnCap in 1997 and the company has over $40 BILLION DOLLARS in capital commitments! The guy is ALREADY A MULTI MILLIONAIRE! There is no way a guy of his age of about 70 would jeopardized breaking laws and risking imprisonment for JPEX that he may of only had a financial commitment into of probably $1,500,000.00 maximum! My memory is just fine so go figure out your own problem…

Mitch Hovendick · Director at EnCap Investments

https://www.encapinvestments.com/

are you out of your mind. Maybe you got hit in your head with your tractor. First of all Hovendick delayed the process by sueing Frank and everyone connected to this deal. He ended up getting a ridiculous amount of shares. and with that he took all the shares and shoved it up investors behinds. He caused more monies to be lost here then anyone else. The judge went along with delay tactics by Hovendick and his attorneys. Your memory is bad i hope you get better. You are the #1 guy on this site for the stock. What is your problem.

The “illegal activities of Hovendick”? Please name what these illegal activities are? Do you have any court cases or arrest records to validate this statement? What is the problem with the judge? You must have an opinion on how you believe these two people are intertwined to say something like that? Prove your point here…

Hey tractor for sale you sound like a guy that has lost his ass on this stock. I made monies from .0003 to .04 the first time. sold all the way up. 2nd time i bought at .004 and have let it go down to nothing here. i did fine but the illegal activities of Hovendick and the judge presiding is a big red flare. i will follow up with Hovendick on my own.

Ever thought of simply googling “Mitch Hovendick” and finding it yourself?

Anybody have this Hovendicks number or email address. I would like to have in case an attorney will be hired to go after this bastard.

I love holding OTC cesspool EM tickers!

I have 2 others that I'm holding as well.

So I won't be selling or leaving $JPEX any time soon. You can either ignore my wry posts or just go with the flow.

If you don’t like it sell and move on…. Then go sing your song…

whoop-de-doo and la-de-da

I sold my shares months ago and took my losses. Moved on. Shareholders have been played.

The quotes are restricted from the viewing audience but the last trade price is not. As of this morning at 9:50 am with still no volume it still shows yesterdays closing price of .0006…. Look at your own stock trading account and tell us what it says…

Quotations in Expert Market securities are restricted from public viewing. Look up "Expert Market" at the link below:
https://www.otcmarkets.com/glossary

I read somewhere that some canadian brokers allow it to buy even when at EM.

IMO, Buying below 0003 will be quite rewarding once the Antonio Guel affairs with the FCC if/is clarified in favor of MGC. That is the main obstacle to the Reverse Merge.

I agree with that as well. HD could have easily just let the Veemost merger go through, then dump all his shares and make decent money, or at the very least could have taken the guaranteed cash to just walk away yet still fought to keep his shares. Either he'll make something happen eventually or just did all this to cover up something bigger which most likely would have put him in jail. Waited this long might as well see it out.

TDAmeritrade is now Schwab and has been for quite some time. Up till yesterday there was always shares available to buy and sell on the bid/ask prices because it showed what was available. Today both the bid/ask prices showed zeros. I just called Schwab and you are right that you cannot buy any otc stocks that are on the expert market but you can sell shares by calling a Schwab representative. The next time you would be able to buy shares on Schwab of JPEX is when they are upgraded back to pink limited. I thought buy orders on the otc expert market could be done by calling into a Schwab representative and having them do it. So as of now you have to wait to buy. Fortunately at this time Franks and Hovendicks hundreds of millions of shares can come only be sold for chump change until things change. There are brokers who will allow you to buy shares of otc stocks on the expert market but you will have to find one. If I find one I will let you know…

This is on Hovendick and someone needs to start a class action suit against that vermin. He has caused millions of dollars of losses on this deal. If anyone knows about a suit I would appreciate knowing who. Good Luck to all but this deal is dead.

my broker, tdameritrade doesn't allow me to buy even when jpex was pink limited, much less now as expert market. How do you buy jpex?

jpex showing .0006 for tradingview and fidelity??

The first day of expert trading and there is basically less than an “estimated” $500.00 worth traded and volume of 1,890,000? Obviously being downgraded to the expert market has not influenced much selling. I am not intimidated one bit here and will do my best to try to get 5,000,000 more at .0002 and reap major profits on those shares at some point…

Big deal. One trade for $6 at 0006 - LOL

First day trading on an expert market and there are people buying shares at .0006 which is a 20% gain from yesterdays close?

Basturds!

If Hovendick was gonna walk away from JPEX and use it all as some kind of a tax write off, if he was already down so much money from the Caywood quarrel, why in the world would he spend more out of pocket expenses to hire a lawyer to fight for JPEX? Why knowingly accrue greater losses? I am still buying more down here and waiting for it to play out….

This scumbag Hovendick should be sued and put in jail for what he did to investors here. It is ironic that people like him still exist. This was such a great deal and it became a disaster. There is no coming back at this point. Fraud is illegal.