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TOPIC: JPEI 14M OS 700K Float! at .01 x .013

JPEI 14M OS 700K Float! at .01 x .013 10 years 8 months ago #1189

  • WgmNoris
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[JPEI 14M OS 700K Float! at .01 x .013]
UPDATE 2/22/07 JPEI 14M o/s Shell for Sale,CONTACT www.questorfund.com/contact.html Managing Director Wallace Rueckel

=============================================================

Authorized Shares: 15,000,000
Source: 10-Q ( 11/14/2002 )

Outstanding Shares: 14,043,600
Source: MGFS ( 03/31/2003 )

Fiscal Year End: December 31

ITEM 1. CHANGES IN CONTROL OF REGISTRANT.

(a) A change in the voting control of JPE, Inc. (the "Company") occurred on May
31, 2002. On that date, QP Acquisition #2, Inc. ("QP Acquisition") acquired
9,441,420 common shares of the Company, no par value per share (the "Common
Shares") and 1,952,352 First Series Preferred Shares of the Company, no par
value per share (the "Preferred Shares," and together with the Common Shares,
the "Shares") for aggregate consideration of $30,000 pursuant to the JPE Equity
Purchase Agreement dated May 7, 2002 by and between QP Acquisition and ASC
Holdings, LLC (the "Purchase Agreement"). Such Shares represent 67.2% of the
Company's outstanding Common Shares and 98.9% of the Company's outstanding
Preferred Shares. Because each Preferred Share generally possesses rights and
privileges equal to 50 Common Shares, as a result of the consummation of the
acquisition of the Shares by QP Acquisition, QP Acquisition acquired Shares
giving it the right to vote 94.9% of the votes eligible to be cast in the
election of the Company's directors and other matters. ASC Holdings, LLC ("ASC
Holdings") is a Michigan limited liability company whose sole member is the
Estate of Heinz C. Prechter, Deceased.

BENEFICIAL OWNERS OF MORE THAN 5% OF SHARES

NAME AND ADDRESS OF AMOUNT & NATURE OF PERCENT
TITLE OF CLASS BENEFICIAL OWNER BENEFICIAL OWNERSHIP OF CLASS



Common Shares QP Acquisition #2, Inc.(1) 9,441,420 67.2%
Questor Partners Fund II, L.P.(2)
Questor Side-by-Side Partners II, L.P.(2)
Questor Side-by-Side Partners II 3(c)(1), L.P.(2)
103 Springer Building
3411 Silverside Road
Wilmington, Delaware 19810

David L. Treadwell(3) 9,441,420 67.2%
One Heritage Place, Suite 150
Southgate, MI 48195

First Series QP Acquisition #2, Inc.(1) 1,952,352 (1) 98.9%
Preferred Shares Questor Partners Fund II, L.P.(2)
Questor Side-by-Side Partners II, L.P.(2)
Questor Side-by-Side Partners II 3(c)(1), L.P.(2)
103 Springer Building
3411 Silverside Road
Wilmington, Delaware 19810

David L. Treadwell(3) 1,952,352 98.9%
One Heritage Place, Suite 150
Southgate, MI 48195
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