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Sunday, July 3, 2022

The Fascinating Story of JPX Global Inc (OTCMKTS: JPEX)

JPX Global Inc (OTCMKTS: JPEX) has been on the rise in recent days from a start point of $0.0003 to recent highs of $0.008 per share the stock has transformed into a volume leader on the OTCBB.

JPEX is the latest reverse merger play to make spectacular gains in sub penny land as speculators jump on boartd and bid this one higher. Reverse Merger plays are exciting and account for some of the biggest winners in recent stock market history.

JPX Global Inc (OTCMKTS: JPEX) is a clean shell with no assets or revenues and $800k in liabilities. The Company was incorporated in 2008 as Jasper Explorations Inc. until January 2013 when they changed their name to JPX Global Inc.

According to the 10k:

“We are a development stage company with no history of operations. As a result of the Acquisition of the Scorpex assets, the Company intends to further capitalize on opportunities in its integrated waste, and waste management service operations, including the receiving, storage, transfer and disposal in an environmental manner. In providing these services, we intend to actively pursue projects and initiatives that we believe make a positive difference for our environment which will be focused on gasification of waste in an environmental manner. It is expected that our customer base will include commercial, industrial, municipal and residential customers, other waste management companies, electric utilities, and governmental entity properties. We are a development stage company and have not realized any revenues. We do not have sufficient capital to enable us to commence and complete our exploration program. We will require additional financing in order to conduct the exploration programs described herein. Our auditors have issued a going concern opinion, raising substantial doubt about the Company’s financial prospects and the Company’s ability to continue as a going concern.

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We believe that the $55 billion US waste management industry will play a substantial role in the coming economic recovery and the growth of worldwide trade as traditional waste conversion, as well as the more technical methods such as gasification, plasma arc gasification, hydrolysis, and pyrolysis become cheaper and more efficient. In a world where in 2011 alone, the world’s rapidly increasing urban population generated nearly 2 billion tons of municipal solid waste (“MSW”), it is no longer sufficient to discard trash. It is estimated that this number will rise to at least 2.9 billion tons by 2022. Today, more than 800 thermal waste-to-energy (“WTE”) plants operate in nearly 40 countries around the globe. Led by Asia-Pacific and Europe, this number is expected to grow rapidly over the next decade, potentially treating 396 million tons of MSW annually by 2022 with an estimated output of 151 terawatt hours (TWh) of electricity. Of the municipal solid waste generated, 33 percent was recycled in 2011, up from 32 percent in 2010.

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Currently trading at a $750,000 market valuation JPEX is a clean shell that could be the next hot reverse merger candidate. According to the last 10Q; as of March 21, 2018, the Company had outstanding 214,043,596 shares of common stock, par value $0.001 per share. As of March 2018 JPEX was fully reporting however the company has recently issued two NT 10Qs and an NT 10K. We will be updating on JPEX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with JPEX.

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Disclosure: we hold no position in JPEX either long or short and we have not been compensated for this article.

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