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R/S Almost never the answer. Going by what they have said recently, shouldn't be an issue.
A RS I’m guessing.
AXXA telling fables
[color=red][/color]$AXXA
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Enron Corp collapsed in Dec., 2001, a victim of hubris and aggressive accounting practices. The accounting firm Arthur Anderson, LLP went down with it. It was a spectacular demise, a lesson in how officers were able to book future profits as current, but hide
debts and losses in commodities and energy contracts from shareholders. I myself have never been in the energy field or in the private sector.
Well, $551 stock traded hands today in our $2,185,000 company. Saddled with onerous debt, questionable assets, no one appears to be looking our way. Unattractive to buyers and investors alike. People shopping for an investment seem to be skipping past this one. Looks like the stock price is marked down to salvage value. Aye.
I don't blame anyone AXXA is, what it is, wouldn't surprise me to see some huge changes to bring the company and stock where it should be.
So you blame the CEO or the CAO or the communications director?
Skyrockets I would really like to respond to your post but i am not allowed to.I've been invested here for over 6 years i like what is happening just not the way it is reported. I would do the financial structuring a little, a lot different.
Was that when you worked for the company back in 2015? That was a long time ago.
They only spoke of having an internal status meeting by 31-Mar. A status meeting is not the same as a date of completion.
Can't find it, huh...Figures!
re: Telling the truth
$AXXA
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What truth? The market is telling the truth better than this company ever could. Anyone remember when AXXA was forced to remove
that $80,000,000 of 'goodwill' from the asset column of the balance sheet? Erasing that ridiculous figure was the only helpful gesture this ticker ever made on behalf on the shareholders ---
but only because they were forced to do it. Still makes me wince.
Bet they are going to remove even more phantom assets before long. These guys are like the bookkeepers at Enron -- booking debt as assets and losses as gross profits.
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The company proclaims to be healthy now.
tons of net revenue and assets
debt being paid off
This whole thing comes down to is the company telling the truth.
We will see shortly.
On twitter. Quit pretending like they didn't
IT DOESN'T MATTER WHAT THE COMPANY DOES FROM THIS POINT OUT. THE SEC HAVE BEEN WATCHING THEM FOR MONTHS AND I AM HOPING IF THERE IS WRONG DOING HERE THE COMPANY WILL BE TOTALLY LIABLE TO SHAREHOLDERS (MONETARILY) FOR THE DAMAGE THEY HAVE DONE TO THEM BY MAKING FALSE STATEMENTS.
GOSH A FIRST GRADER WITH A LITTLE MATH SKILLS COULD RUN THE COMPANY BETTER THAN THESE GUYS.
AND AS AN ADDED KICKER IMO THESE MORONS CONTINUE TO ACQUIRE WITH NO THOUGHT OF THE REPERCUSSIONS OF GOING IN DEBT AGAIN AND AGAIN AND AGAIN.
ARE THERE CDS BEING SOLD (I THINK THE SEC WILL FIND OUT). DID CURRENT MANAGEMENT DO THE 1-3500 AND 1-5000 SPLIT. THE SEC WILL FIND OUT.
DID AXXA ANNOUNCE A SHARE BUYBACK MORE THAN ONCE AND NEVER DO ANYTHING BUT USED THE TERMINOLOGY TO GET THE STOCK TO ARTIFICIALLY GO UP. THE SEC WILL FIND OUT.
JMO.
Assets failures are always a certain in times of fiscal unrest. Covid and inflation counted big in such occurrences. It is the mark of smart management to jettison poor performers and those that would require more resources than is feasible, and focus on the assets that are doing well. IMO, scaling down now will be beneficial for the company, moving forward. The rest of your evaluation, does show some merit, though, IMO, the company's actions will be a lot less harsh than the naysayers forecast. The next few quarters should show the company is on the right track.
In my opinion the company will make drastic changes .The discounting of asset failures and write downs was the start of the company scaling down. Unfortunately this will include a reverse split after all debt is converted to shares either preferred of trading. That's the way i see it and once the previous steps are taken the company will be healthy.
Whenever the company makes an announcing of an audit on X, and inherently involves making predictions about future events, the forward-looking statement disclaimer is implied. Ask any shareholder. This is understood.
TIn e context a company announcing an internal audit or review, the forward-looking statement disclaimer would be considered implied, even if not explicitly stated, due to the predictive nature of the information provided1234.
Accomplishing their own plans on their schedule alright, but they set the schedule so far not us. They're about as accurate as a political candidate at election time. Nearly endless promises said by them on their time frame for some future day.
But yet they gave scheduled days.
Why did they state "audits in progress" 5
years ago then it amounted to nothing still to this day?
Why did they tweet specific days and fail to follow through then?
IMO, the company will accomplish all of their plans, but on their own schedule, not a schedule set by some two-bit investing hack.
Your words, not mine.
Exxe Group has repeatedly set out the risk assessment inherent in their business that may affect their ability to carry out announced goals and events. This is called doing business. Rule of thumb in any business is that schedules tend to shift to the right. Failure to understand this is on you. Delays and postponements and slippages will happen. If you can't accept this then maybe you should look elsewhere for your investment interests.
....or you can stick around and bellyache ad infinitum, which seems like a waste of time, IMO.
AXXA will do well if they just do the things they've said they would do.
AXXA is not a failed OTC....only in your opinion, which is of little value.
It's a bit misleading to call any AXXA subsidiary a "minor" subsidiary.
The inaccuracies are well documented
So you're saying Audits take 5 years?
Where did they stated that Fruci would have their audit completed on 3/31? You gotta quit sniffing the plastic airplane glue.
Such a "fine" opinion.
Keep telling yourself that if it makes you feel good.
Your confusing expectations with realistic delivery dates (they said 3/31 and have been silent - not a good sign)....like their imminent share buyback....lmao
They post so much non-factual information in their disclosures it is bot even funny so don't go there....not exactly their strong suit...nor is transparency
We went over this before.
You have your own personal dictionary that you created.
Audits don't take 5 years to "progress"
Get it?
Again, you're setting your own vapor expectations for completion of audit
EXXE is required to report quarterly/annually, which they do. Any reporting between regular reports is strictly per gratis, for the benefit of the shareholders, and prospective shareholders.
According to YOUR schedule for Fruci and Asso, not any schedule announced by EXXE nor the auditor.
You mean it doesn't take over 4 years to complete audits that are supposedly in progress in 2019.....
Exxegroup
@exxegroup
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Replying to @acorderod and @rockerfunder
Audits in progress, not an issue.
9:02 a.m. 18 Nov. 19
The 28-August tweet was before the PR announcing the engagement of Fruci and associates to perform the audit, which gave no estimation of a completion date.
When a company goes from tweeting on a regular basis about things to come and how great everything is to complete silence after getting exposed about not following through.
That's a tell tale sign they are bluffers.
I've seen it happen with plenty of OTC companies that failed in the end
It doesn't take 6 mos to audit a pubco much less a minor subsidiary....
Lou we all now you're going to push the bar and defend them any way you can.
Face the FACTS LOU
They LIED numerous times.
AUGUST 28 tweet
At least 1# Audit by March 31/Spinoff#
Substantiated by Forward-Looking Statements.....or do you not believe in Forward-Looking Statements? (that would explain a lot about your opinions).
Where does it say the audit was to be completed by 31-March?
Lou I've compiled all their tweet lies.
It's all an investigator needs to see the manipulative tactics this company has used on investors over the years.
Audit was supposed to be complete by March 31 according to AXXA timeline.
It's now May and the company has gone silent.
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