Axesstel Inc. (fka AXST)

[Zon4Ever]

Um, why is it interesting?

[lucky, mydog]

this is interesting. it remains revoked.

https://www.sec.gov/litigation/opinions/2020/34-89672.pdf

[Renee]

AXST revoked:

https://www.sec.gov/litigation/admin/2017/34-81831.pdf

[Renee]

AXST SEC Suspension for severely delinquent Financials/Filings:

https://www.sec.gov/litigation/suspensions/2017/34-80518.pdf

Order:

https://www.sec.gov/litigation/suspensions/2017/34-80518-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2017/34-80519.pdf

[alfaspider]

Well they could probably rinse it clean with that new mouthwash--

called "Chapter 11"

[alfaspider]

Were you around when they let Kwon dump his leftovers?

was down in the 6 - 8 cent range when it got de-listed...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69749019


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69663790

[mahatmapaul]

alot of unknowns here, spider

the past two years have really left a sour taste in the mouth. Gonna take lots of mouthwash to get it out

[alfaspider]

nice action past two days.

perhaps Walmart connection is about to get news?

but they have 250 million authorized from AFT/AXST conversion?

no insider buying- as they previously went in at 30 - 40 cents?

perhaps they just want to prop it up, get out and let it go ch 11?

have to see.

[mahatmapaul]

finally some turnaround. Let's hope it sticks

I wish more of the Yahoo board would post here. Yahoo's become useless with all the computer-generated spam posts, and there are some very intelligent posters on AXST

good luck spider

[alfaspider]

feoli2003 • 3 hours ago


Up 29% today!

Somebody knows something and the reception of the Home Alert should be very positive!


Hi Feoli, here I'm genialgeo from Belgium, always on board and always confident.GLTY

[alfaspider]

The poor yahoo crowd are like the crew of the Titanic...

They will go down with the ship, with high hopes?

This almost died after Captain Kwon jumped ship and onto a lifeboat several years ago?

[mahatmapaul]

thanks spider

this one NEEDS some positive news, alas

[alfaspider]

feoli2003 • Jul 2, 2014 11:45 AM

Call or go see your nearby Walmart and you will find it in stock...This is the first time since the cut the cord with Sprint that we have something viable in available in stores, and both Orbic and Straight Talk are advertising the product. with a range of 5-20 units available in Walmarts throughout the US, I don't think it will take long before we get a larger secondary order...

If AXST can get a 10 million secondary order, that will already be over $14 million in sales, and they did mention in the last report that they are working to secure other distribution agreements...
Verizon by the way is the operator under which the Axesstel signal will run.

[alfaspider]

feoli2003 • Jun 27, 2014 11:33 AM Flag

AXST and Walmart

Based on my research over the past year and the announcement of partnership one one of the world largest retailers, I have concluded that only Walmart can be the suitor. Furthermore, I just found a Home Alert device just introduced to the market that encorporates all the specs of the AXST home alert...Its being sold in conjunction with Straight Talk Wireless and is very reasonably priced! You get it with a subscription to Straight talk. I think based on my phone calls to various Walmarts, they will have them in stores in mid July! This is great news!

[mahatmapaul]

RV et al: Here is a first post. Let's use this to reply and resume dialog on AXST

[alfaspider]

AXESSTEL INC Files SEC form 8-K, Results of Operations and Financial Condition, Non-Reliance on Previous Financials,EDGAR Online(Mon, Mar 31)
-------------
Other Information.

We are partnering with an international distribution company that specializes in integrated supply chain solutions for the wireless industry, to distribute our Axesstel AX54N Home Alert product in the US and Canada. We have received an initial $4.3 million in purchase orders from the distributor under this program, for product which is expected to be delivered during the second quarter. The initial purchase orders are stocking orders to provide our Home Alert products in approximately 3,000 retail outlets with one of the world's largest retailers. The product is scheduled to be available in stores beginning May 1st.

We anticipate additional orders from the distributor for this initial retail customer, with the volume and timing of those orders dependent on the rate of sell through for our products. We are also working with the distributor to identify and secure other opportunities with significant retailers in the United States and Canada for our Home Alert product line.

In the fourth quarter of 2013, we effected a reduction in force that impacted approximately 50% of our employees and consultants. The reduction in force and other reductions in operating costs are intended to allow us to achieve profitable operations on annual revenues of approximately $20 million, assuming gross margins in the upper twenty percent range.

[alfaspider]

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Axesstel, Inc. (“Axesstel” or the “Company”) (AXST) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by Axesstel between February 25, 2013 and March 31, 2014, concerning the Company’s operations and financial performance.

Axesstel provides wireless voice, broadband access and connected home solutions for the telecommunications market worldwide. The investigation is related to the Company’s June 13, 2013, announcement that the Company was anticipating a weak 2013 second quarter “due to slower demand in Europe, product launches in Africa that were delayed to the second quarter as a result of minor warranty issues, and a slower than expected rollout of the Company’s new products in 2013.”

The Company announced that it expected revenues for second quarter 2013 “substantially below first quarter revenue of $10.1 million, and may be as low as $2 million.” The Company further announced the resignation of its chief marketing officer, and that the Company’s chief executive officer “has been increasingly active in key customer relationships and has assumed [the CMO’s] management responsibilities.” Following this news, the Company’s shares dropped 30%, to a closing price of $0.71 per share on June 13, 2013.

On October 18, 2013, in a Form 8-K filed with the SEC, the Company announced revenues for third quarter 2013 “well short of our initial expectations,” and that the Company “used cash collected from accounts receivable to fund operations during the third quarter.” The Company’s press release also disclosed that its remaining $11.1 million of accounts receivable “includes approximately $9.0 million of sales to customers in Africa.” According to the Company: “Those accounts are aging and we are evaluating various alternatives for collection, including reserves against the accounts or in some cases retaking possession of the product as inventory, and attempting to resell the product to third parties.”

Then, on March 31, 2014, Axesstel announced that on March 27, 2014, executive management of the Company concluded that the previously issued unaudited financial statements contained in its quarterly report on Form 10-Q for the quarter ended March 31, 2013, and the two subsequent unaudited quarterly reports on Form 10-Q in 2013 for the periods ended June 30, 2013 and September 30, 2013, should no longer be relied upon because of “errors in those financial statements” related to the “recognition of revenue from sales to two customers in the first quarter of 2013,” and that the Company “intends to include restated financial information for the first three quarterly periods in our Annual Report on Form 10-K for the year ended December 31, 2013.”

If you purchased Axesstel securities between February 25, 2013 and March 31, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to [e-mail], or visit our website at www.howardsmithlaw.com.

[alfaspider]

TYCO should buy AXST out for their GSM tech...its better than anything they have in their alarm portfolio.

[jcmoney82]

solid day today. good volume. something is brewing.

[jcmoney82]

If we get the news we are looking for this will get over .5 this month.

[alfaspider]

Item 1.01. Entry Into Material Definitive Agreement.
On November 27, 2013 we entered into an Account Purchase Agreement with Accesstel Investors LLC, a California limited liability company (the "Buyer"), pursuant which we sold the Buyer an interest in one of our accounts receivable. Specifically, we sold a 53% interest in a $1.875 million account receivable. The purchase price for the interest was $875,000 in cash, plus the issuance of 4,000,000 shares of common stock, $0.0001 par value.

We agreed to use the proceeds from the sale to meet our operating expenses including accrued payroll expenses, to make monthly payments under our Loan and Security Agreement with Silicon Valley Bank, and to make payments to contract manufacturers to manufacture products to fulfill new customer orders. We also agreed to appoint a representative from the Buyer to serve on our board of directors until the later of the our next annual meeting of stockholders or the date the account receivable is paid in full. See Item 5.02 below.

On November 25, 2013 we entered into a Forbearance and Second Amendment to Loan and Security Agreement with Silicon Valley Bank (the "Forbearance Agreement"). In connection with the Forbearance Agreement, Silicon Valley Bank consented to the sale of the interest in the account receivable under the Account Purchase Agreement. The bank also agreed to forbear from exercising any of its rights or remedies related to our existing events of default under the Loan and Security Agreement until December 20, 2013, provided that we meet the terms of the Forbearance Agreement.

The foregoing summary description of the Account Purchase Agreement and the Forbearance Agreement is qualified by reference to the complete copy of each agreement, both of which are filed as exhibits to this report.

[beninsac]

I'm new here, - any thoughts in whether this is a good entry point?

[TheFinalCD]

Thanks im on phone now with

Investor Relations Agency
Cathy Mattison
LHA
44 Montgomery St., Suite 1310
San Francisco, CA 94104
Email: [e-mail]
Office: [phone]
Fax: [phone]

[MikeDDKing]

They aren't out of business but they did a reduction in force and terminated their CEO. Revenue for Q3 was only $300K. The situation isn't good.

I'm just trying to help because it looked like people here didn't know what was going on. The 8-K was filed yesterday.

[janitor_unbound]

no mention of going concern issues or dilution -- feel like this is a good entry here

[willlbone]

Who put the Ax in AXST? Down 60% today. Not buying with bad news on Friday.

[TheFinalCD]

I don't have time to read bud, whats your point?

[MikeDDKing]

I suggest reading the 8-K in the link below. I have no position in AXST.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9558295-956-8554&type=sect&TabIndex=2&companyid=69241&ppu=%252fdefault.aspx%253fcik%253d1092492

[janitor_unbound]

in 4 a starter, kinda irresistible here

[TheFinalCD]

I just called their Corporate office (sounds like their out of business or phone is down)

I left a message with their IR as well, waiting for callback



Investor Relations Agency
Cathy Mattison
LHA
44 Montgomery St., Suite 1310
San Francisco, CA 94104
Email: [e-mail]
Office: [phone]
Fax: [phone]


US Corporate Headquarters
6815 Flanders Drive, Suite 210
San Diego, CA 92121
Tel: [phone]
Fax: [phone]



ir events

[TheFinalCD]

-60% AXST

[TheFinalCD]

AXST .10 wtf????

[jcmoney82]

Time to load up!!!

[willlbone]

Buying under 70 cents.

[willlbone]

What's down with this stock?

[dffhogs]

News for 'AXST' - (Axesstel launches new wireless security alert systems)


Mar 06, 2013 (Datamonitor via COMTEX) -- Axesstel, Inc., a provider of wireless
voice, broadband access and connected home solutions, has launched its new
wireless security alert systems.

The company has shipped approximately 40,000 AG50 Series Axesstel Home Alerts to
two different customers in Africa. The AG50 Series Axesstel Home Alert System
uses GSM technology and has a built-in cellular module that can send an SMS or
place a phone call to up to 8 pre-assigned numbers.

This product can be used in homes or other locations for end-users desiring a
self-monitored alert notification system. An Axesstel Home Alert utilizing CDMA
technology is also available in the AX50 Series.

Clark Hickock, CEO for Axesstel, stated: "The launch of the Axesstel Home Alerts
expands our suite of wire-line replacement products and further establishes
Axesstel as a leader in developing 'cut the cord' devices. The security alert
systems enable network operators to offer new products to their entire
subscriber base, resulting in additional revenue without further incremental
investment, as well as attract new subscribers. We plan to release a series of
five Axesstel Home Alert security systems in key strategic global markets. The
security alert system product roadmap includes advanced 'all-in' products
incorporating voice, broadband access capabilities and optional features
enabling a wide array of connected home applications. We are excited about the
worldwide opportunities for this product."

The security alert system uses an AC adaptor with a 9V backup battery that
provides continued functionality in the event of a power outage.

According to the company, the features include call or SMS alerting numbers;
remote arm/disarm capabilities; standard telephone keypad with tactile feel;
audible beeper for programming confirmation and motion detection; panic button
for emergency situations; silent alarm capability; 9 Volt battery for emergency
backup low battery warning LED; tamper prevention on alert panel and motion
sensor; magnetic contact window/door sensors (optional); and configure up to 64
sensors/motion detectors.

[pe-20-4-siaf]

Well, 2 bucks before Xmas? Thanks Santa! AXST is performing quite well imo. Really? The chart is phenomenal and the fundamentals support that perfectly.

1.75 will look inexpensive soon. Management has performed better than expected.

[SeanMarconi]

LD MICRO Conference (AXST is Presenting on the 6th of December at 10:30 AM)

This message is from Chris Lahiji.

Guys,

I just wanted to congratulate you on being one of the finest message boards I have ever experienced.

From Feoli to MahatmaPaul, the investors participating with each other virtually has been great to read.

Whenever I own a company, I try to find investors that are insightful and will showcase an opposing view. A reason not to buy a stock, or a viewpoint as to why I may be wrong.

Disagreement or doubt is an investor's best friend because they will work even harder, do even more due diligence, and ask tougher questions to management.

When I attended the annual event, several gentlemen right besides me were asking some really tough and phenomenal questions, that were being well answered by both Clark and Pat.

We had a conversation outside the hall way that was memorable and respectful. I may have disagreed on a couple of things that were mentioned, but my guess is often worse than most of the people I talk too.

This is the first time I am writing in a long time on Yahoo Finance, and the first time I am invited those here that are interested in coming to see Axesstel present at our Main Event, December 5th and 6th in Los Angeles. All the info is on ldmicro . com

144 companies are set to present over two days, and perhaps we can meet a few more people that are on board the AXST train.

Especially the two gentlemen that I had a great conversation with that day. I have your business cards and shall be reaching you shortly.

Best wishes moving forward to all of you.

For full disclosure, I own shares of AXST in my personal accounts.

Sincerely,

CL

[Uriah Heep]

Interesting post from Yahoo message board:

http://finance.yahoo.com/mbview/threadview/?&bn=e222edf2-f02f-3811-9bbd-e69b0ab57dcd&tid=1347400869218-a5104468-1377-4b4f-a750-731cb77bf7cd

[Kaylee11]

AXST is very interesting. Think there is big potential. I am long.

[jwez]

Hhhhmmmm.....

[Uriah Heep]

http://messages.finance.yahoo.com/mb/AXST

[dffhogs]

Axesstel reports Q1 net income
4 hours 2 minutes ago - Datamonitor via Comtex
Axesstel Inc, a provider of fixed wireless voice and broadband services, has reported that group net income for the first quarter ended March 31, 2012 was $472,268, or $0.02 per share, compared to a net loss of $538,753, or $0.02 loss per share, for the first quarter ended March 31, 2011.

Revenues for the first quarter ended March 31, 2012 were $12.03 million, compared to $12.64 million for the first quarter ended March 31, 2011.

Operating income for the first quarter ended March 31, 2012 were $860,919, compared to an operating loss of $209,802 for the first quarter ended March 31, 2011.

"The first quarter of 2012 marks our third consecutive quarter of profitability since completing the transition of our business in mid-2011," said Clark Hickock, CEO of Axesstel.

"The results of that transition were evident this quarter with a swing in profitability of more than $1.0 million compared to the same period last year, despite slightly lower revenues."

[MikeDDKing]

They also had a new presentation out today.

[alfaspider]

Gifts, that may keep giving?-- AFTER HOURS.....

--------
DMay 18 05:24pm AXST Axesstel Inc Hickock Clark H CEO 85,000 Grant at $0.00 $0

DMay 18 05:22pm AXST Axesstel Inc Sek Stephen CTO 42,500 Grant at $0.00 $0

DMay 18 05:21pm AXST Axesstel Inc Hoeffner Henrik Chief Marketing Officer 31,875 Grant at $0.00 $0

DMay 18 05:19pm AXST Axesstel Inc Gray Patrick J CFO 63,750 Grant at $0.00 $0

[dffhogs]

Axesstel to Present at the 13th Annual B. Riley & Co. Investor Conference

Axesstel (OTCQB:AXST), a leading provider of fixed wireless voice and broadband data products to the worldwide telecommunications market, announced Clark Hickock, chief executive officer and Pat Gray, chief financial officer will present at the 13th Annual B. Riley & Co. Investor Conference on Monday, May 21st at 2:00 p.m. PT. The conference is being held at the Loews Santa Monica Beach Hotel in Santa Monica, CA.

During the conference, management will be available to meet with investors in a one-on-one setting. For more information or to meet with management, please contact Axesstel's investor relations team at [e-mail].

[dffhogs]

AXST...(.68)

Axesstel Reports First Quarter 2012 Results
PrintAlert
- Revenues of $12.0 million -

- Gross margin of 26% -

- Net income of $472,000 and EPS of $0.02 –

- Management to host conference call at 11:00 a.m. ET today -

Axesstel (OTCQB:AXST), a leading provider of fixed wireless voice and broadband access solutions to the worldwide telecommunications market, reported results for its first quarter ended March 31, 2012.
Axesstel reported revenues for the first quarter of 2012 of $12.0 million and net income of $472,000, or $0.02 per diluted share. This compares to revenue of $12.6 million and a net loss of $539,000, or a loss of $0.02 per share, for the same period in the prior year.
"The first quarter of 2012 marks our third consecutive quarter of profitability since completing the transition of our business in mid-2011," said Clark Hickock, chief executive officer of Axesstel. "The results of that transition were evident this quarter with a swing in profitability of more than $1.0 million compared to the same period last year, despite slightly lower revenues."
In mid-2011, the company completed a two-year initiative to diversify its manufacturing capabilities in China, produce lower cost products, improve gross margins and reduce operating costs. The company also shifted its customer focus to concentrate on servicing major carriers in specific markets and focused its product development initiatives on addressing the unique requirements of those customers. The company reiterated that its operating goal for 2012 is to achieve consistent quarterly profitability and year-over-year revenue growth.
"Revenues for the first quarter were lower than the third and fourth quarter of 2011 primarily as a result of the timing of customer orders," continued Hickock. "A number of our key customers periodically place large orders with us and the timing of shipment materially impacts our quarterly operating results. Looking forward in 2012, we have significant orders for our Sprint terminal product for delivery in both the second and third quarters as a result of Sprint's recently increased marketing efforts for its nationwide 'Sprint Phone Connect' wire-line replacement program. We also anticipate strong revenue from Europe, as two of our primary customers there have launched our new 4G EV-DO Rev. B Wi-Fi gateway with VoIP capability into their markets."
Financial Results
Revenues for the first quarter of 2012 were $12.0 million, compared to $12.6 million in the first quarter of 2011. Gross margin was $3.2 million, or 26 percent of revenue, for the first quarter compared to gross margin of $2.5 million, or 20 percent of revenue, in the same period last year. First quarter 2012 operating expenses decreased to $2.3 million from $2.8 million in the first quarter of 2011. Net income for the quarter was $472,000, or $0.02 per diluted share, compared to a first quarter 2011 net loss of $539,000, or a loss of $0.02 per share.
As of March 31, 2012, cash and cash equivalents were $1.9 million, compared to $850,000 as of December 31, 2011. Working capital was a deficit of $11.3 million at March 31, 2012. The company continues to fund its operating requirements through cash flows from operations and bank financings.
"Since the second quarter of 2011, we have increased our profitability, reduced our working capital from a deficit of $14.2 million to a deficit of $11.3 million, and improved our stockholders deficit from $14.0 million to $11.1 million," said Patrick Gray, chief financial officer of Axesstel.
Axesstel ended the first quarter with $6.7 million in bank financings, including $5.1 million under the company's account receivable financing facility and $1.6 million under a term loan with a commercial bank in China. In April, the company renewed its term loan for an additional one year term expiring April 10, 2013. The company believes its improved performance and profitability may provide future opportunities to lower its cost of capital and is continuing to evaluate options for additional financing.
Recent Highlights
•Supported Sprint in its re-launch of Axesstel's TX340G wire-line replacement terminal in connection with Sprint's "Sprint Phone Connect" wire-line replacement program.
•Extended Axesstel's global leadership in the 450MHz market with the launch of the world's first 4G EV-DO Rev. B 450MHz Wi-Fi Gateway with optional VoIP into our Europe markets.
Conference Call
Axesstel will host a conference call at 8:00 a.m. PT (11:00 a.m. ET) today, May 15, to discuss its first quarter results. Participating in the call will be Clark Hickock, chief executive officer; and Patrick Gray, chief financial officer.
The call is being webcast and can be accessed from the "Investor Relations" section of the company's website at http://www.axesstel.com. Alternatively, you may dial the following number ten minutes prior to the scheduled conference call time: 1-877-663-9622. International callers should dial 00-1-973-200-3973. The conference ID/password will be 73006539. If you are unable to participate in the call at this time, the webcast will be archived on the Axesstel website. In addition, a telephonic replay will be available at 2:00 p.m. ET today through Friday, May 18th at 11:59 p.m. ET. To access the replay, please dial 1-855-859-2056. International callers should dial 00-1-404-537-3406. The pass code will be 73006539.

[dffhogs]

AXST (.7192)

Axesstel Showcasing Innovative Product Line at International CTIA Wireless 2012 in New Orleans May 8-10

Axesstel, Inc. (OTCQB:AXST), a leading provider of fixed wireless voice and broadband data products to the worldwide telecommunications market, will display its comprehensive suite of wireless modems and gateways, fixed wireless phones, wire-line replacement terminals, and wireless alert devices in CDMA and GSM technologies for 3G and 4G wireless networks, at the International CTIA Wireless 2012 in New Orleans from May 8th to 10th. Axesstel will be exhibiting at Booth No. 4645.

Clark Hickock, chief executive officer for Axesstel, stated: "Our high performance devices meet the growing demand for fixed wireless products from Tier One, Two, and Three operators in the developed and developing markets. At the show, we will be displaying two wire-line replacement terminals we developed to support 'Cut the Cord' programs in North America: the Sprint-branded TX340G and the Axesstel-branded TX240G. We continue to demonstrate our global leadership in CDMA 1xEV-DO 450MHz and have introduced a new line of gateway products that includes the world's first Rev. B gateway with VoIP."

"Axesstel continues to design products that offer operators competitive advantages by leveraging broadband data, wireless voice and wireless networking. We plan to roll out several new products in 2012. At the show, we will demonstrate our new self-sustained, affordable wireless alert system. With SMS and call notification, remote activation/deactivation capabilities, and battery backup, it delivers convenience and flexibility for the end user and expands the services operators can provide for their residential and business customers."

"We are excited to showcase our complete line of best-in-class products and continue expanding our customer relationships at CTIA," added Hickock.

http://ih.advfn.com/p.php?pid=nmona&article=52206036&symbol=AXST

[dffhogs]

AXST (.58)

Nice move the last couple of days with no news that I can find....

[RACKnRICKY]

print .70, how i missed this?