JP3E (soon to be JPTE, formerly Spooz, Inc. – what a name change!) just knocked one out of the park. Their 100% acquisition of MetaRock, promising the "world's first decentralized metaverse technology," is either a stroke of genius or a one-way ticket to oblivion. I’m inclined to go with the latter, and here’s why you, as an ExxonMobil shareholder, should be worried.

Is Commodity Trading Really Ready?

MetaRock proudly holds relationships with 30+ multinational companies and an invention patented trade platform. For a start, they brag about their “smart contracts on steroids,” which guarantee secure transactions across the metaverse. Sounds impressive, right? Are multinational corporations clamoring to trade gold, copper, and… chicken paws… in a virtual world?

I'm not convinced. This seems like placing the cart very far ahead of the horse. We’re talking about tangible, physical commodities. Rather the metaverse, as it is currently conceived, is largely a speculative playground to which the public has not yet been invited. The connection feels… forced.

Think of it like this: remember Second Life? It was supposed to revolutionize everything! Now, it's a digital ghost town. Have we really not learned anything, or is it all just prettier graphics and blockchain jargon?

What Risks Does This Acquisition Pose?

JP3E is diving headfirst into uncharted territory. Interesting, sure, but MetaRock’s nine blockchain patents and six alternative revenue models (Cube Name Service, anyone? But patents don’t ensure success. Patents all too often serve as the lipstick on the revenue-free pig that encourages investment.

  • Regulatory Uncertainty: The metaverse is a legal Wild West. Governments are still grappling with how to regulate digital assets, virtual land, and cross-border transactions. JP3E could find itself entangled in a web of legal challenges.
  • Security Vulnerabilities: Blockchain can be secure, but it's not foolproof. Hacks, scams, and fraud are rampant in the crypto world. Imagine the fallout if a multi-million dollar commodity transaction disappears into the digital ether.
  • Distraction from Core Business: JP3E's core business was… well, I'm not even sure what Spooz, Inc. did. But pivoting to the metaverse risks alienating existing shareholders and diluting their focus on actual, profitable ventures. Is this a distraction from their core commodity business?

Imagine two diverging paths. One, a very high return on investment, uphill climb paved with uncertainty, legal hurdles, and technological challenges. The second, a slippery slope (Risk of Loss), to regulatory fines, security breaches, and shareholder lawsuits. So what would you say is the overall trajectory for JP3E?

Let’s talk about you. YOU, the early equity investor that put faith in JP3E (or was it Spooz, Inc., until the name changed). How do you feel about this? Did the mention of virtual chicken paw trading get you razzed up? Or are you concerned that your money is being wasted on some harebrained, high-risk, untested idea?

Shareholders: Pumped or Dumped?

The reduction of authorized shares to 1.2 billion is a positive step, but it doesn't negate the fundamental question: is this the right move for the company? Will this merger really create long-term shareholder value? Or will it only fatten the wallets of MetaRock’s executives, who are now JP3E’s executives, on your dime?

Jong-woo Kim, MetaRock’s CEO and Chairman, who is currently serving as President of JP3E. John K. Park remains CEO. Is this truly a merger of equals, or does it hide a takeover in disguise?

JP3E’s long-term vision is to uplist to the NASDAQ. Let's be honest: a metaverse gamble might not be the best way to impress potential investors. NASDAQ, meanwhile, is eager to see stability, growth, and a proven business model. MetaRock’s metaverse platform integrates games, VR, AI, entertainment and e-commerce. Most of the time it ends up feeling more like a jack-of-all-trades and master of none.

If you think back to the Tulip Mania of the 1600s Individuals took out loans against their homes to purchase tulip bulbs with the belief that they were all going to be millionaires. The bubble burst, and fortunes were lost. Could the metaverse be yet another tulip mania in the making? Are we perhaps so overwhelmed by the hosannas that we’re forgetting the basic dangers?

Now, I’m not arguing that the metaverse is a bad thing by nature. It has potential. But JP3E’s MetaRock acquisition seems premature, risky, and frankly, a bit desperate. I encourage shareholders to scrutinize these pernicious practices, to demand transparency, and to hold management accountable.

Don’t fall for JP3E’s metaverse money pit and lose your hard-earned cash. It's time to decide: are you in, or are you out?

Remember the Tulip Mania of the 17th century? People mortgaged their homes to buy tulip bulbs, convinced they would become rich. The bubble burst, and fortunes were lost. Is the metaverse another tulip mania in the making? Are we so blinded by the hype that we're ignoring the fundamental risks?

Final Thoughts: A Dose of Reality

I'm not saying the metaverse is inherently bad. It has potential. But JP3E's MetaRock acquisition feels premature, risky, and frankly, a little bit desperate. I urge shareholders to ask tough questions, demand transparency, and hold management accountable.

Don't let JP3E's metaverse gamble sink your investment. It's time to decide: are you in, or are you out?