Galaxy Next Generation Inc (GAXY)

[02opida]

Good Morning GAXY'ers

[02opida]

TOCCOA, GA / ACCESSWIRE / July 19, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company"), a provider of interactive learning technology solutions and school communication platforms, was awarded a renewal contract from Colorado Springs School District for a third year.

G2 Communicator gives school districts more flexibility on how they communicate across the district. The cloud-based solution provides freedom to send an alert or message from any internet-enabled device to any endpoint across a school district's entire ecosystem.

"As Galaxy's first customer to make the move from on-premise to a cloud-based solution, Boulder Vallley School District's renewal allows us to spotlight the system's long-term functionality," said Gary LeCroy, Chief Executive Officer of Galaxy Next Generation. "We are pleased to have provided a valuable integration to this customer and look forward to working with them over this upcoming third year of the agreement."

Located in the foothills of the Rocky Mountains, Boulder Valley School District stretches from the peaks of the Continental Divide to the suburbs of Denver, Colorado. Boulder Valley School District stands as a leader in academic excellence with outstanding classroom teachers, exemplary schools, and programs that support student achievement and consistently ranks among the top three of Colorado's large Front Range school districts - and often as the TOP district - as measured by state and national academic rankings.

Boulder Valley School District encompasses 56 schools covering more than 500 square miles and 11 communities, with 31,000 students and 4,000 staff.

For additional information, please visit: https://www.bvsd.org.

[02opida]

TOCCOA, GA / ACCESSWIRE / July 18, 2022 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company"), a provider of interactive learning technology solutions and school communication platforms, was awarded a renewal contract from Colorado Springs School District 11 for a 2nd year.

The Audio/Visual Installation contract was originally awarded in October 2021.

Located centrally in Colorado Springs, Colorado, District 11 represents the headquarters of the city, including 55 schools as well as alternative education opportunities, and its near 30,000 students.

"Securing renewal contracts is a testament to our customer service and superior products," said Gary LeCroy, Chief Executive Officer of Galaxy. "This customer chose to extend their contract with us for an additional year after working with us for several months, which proves our ability to service larger school districts and provides an excellent use case to win additional business with other large school districts."

"This single contract accounted for over $100,000 in revenue from October 2021 through the renewal period of July 1, 2022," said Magen McGahee, Chief Financial Officer. "We are excited about the opportunity to continue servicing this school district and we look forward to further expanding our relationship with them through the renewal period. These contracts demonstrate the robustness of our reoccurring revenue business model and drives our ability to cash-flow our own operations."

For more information on Colorado Springs Schools, District 11 please visit, https://www.d11.org/domain/170

[02opida]

School is right around the corner

[02opida]

GAXY @ .15

[02opida]

time to jump in is now

[splintered sunlight]

Would love to see it above $3 again.

[splintered sunlight]

Let's hope he has another run left in him.

[GiantRun]

This same decrease happened after the last split too all the way to under a half a penny. But there products are terrific.

[GiantRun]

You have to admit The CEO’s put up a great show N tell for a few years now.

[splintered sunlight]

Decrease in stock price from $3.18 to $0.165.

[GiantRun]

Increase in authorized shares from 20,000,000 to 200,000,000

[GiantRun]

Is. It ->. Is not profitable

[GiantRun]

At least Magen cheers on her Georgia Bulldogs while the stock tanks during the fall last year. That was a whole lotta fun. The reverse split at this time when the company is barely paying the debt and is. It profitable was disturbing to say the least. When I first invested a couple of years ago and both CEO’s are paying themselves huge salaries while the company is struggling told me this was a bad investment.

[smoking guns]

It's " Perfectly " stated. WOW

[splintered sunlight]

PERFECTED STATED

[Stock Caller]

GAXY WARNING: Beware

Let's take a look back at $GAXY history over roughly the last 8 months to a year.

- They initially got called out for their large share offering for 2nd Equity Line of Credit with Tysadco Partners LLC (go look them up, been involved in shady deals in OTC). I called their lawyer and spoke with her and told her I was extremely concerned with major fraud going on with GAXY management & I wanted to make them aware that I was investigating their company for a dilution fraud scam. The next day they retracted/canceled it, which allowed GAXY to run to $.0131
*This was early December 2021

- Then on March 4, 2022 GAXY management went behind shareholders backs and approved a 1 for 200 Reverse Split, which took effect on March 7, 2022. Luckily someone on Twitter found the document and put it out for everyone to see, otherwise we would have been even more blindsided by the RS. The stock price got dumped from $.0060 down to $.0030 (then came back to $.0040) at market close. The very next "trading" day GAXY's stock price was reset to $.78 per the RS. The stock was un-tradable for many the first day. On first day it spiked to $.90 but was then sold back down. On the 2nd day after RS, the stock price sank down to around $.33 or lower. Since then the stock has remained low $.30 to $.20 range.

March 8, 2022 - GAXY Management released a filing showing the RS documentation was submitted/approved on March 4, while the filing wasn't until March 7, & then GAXY management finally came out and addressed the issue 1-full day after the Reverse Split took effect. Extremely shady and they intentionally did it behind shareholders' backs with 0 transparency. Even worse, GAXY management stated the RS was needed to maintain OTCQB status (which is a horrible reason to complete an RS).
https://www.otcmarkets.com/filing/html?id=15641375&guid=dRU-kHwvONFAB3h

July 8, 2022 - GAXY Management approves increasing the Authorized Shares from 20 Million to 200 Million & also awarded themselves Preferred Series G stock (Leroy 26 shares, McGahee 25 shares) so that they maintain 51% of voting control over all issues dealing with GAXY. The ONLY way shareholders' votes count/matter during anything (when voting on something for the company) with the company (GAXY) is if a "Vote by Proxy" is initiated by shareholders. Otherwise, shareholders (no matter how many shares they own), technically have NO voting power. 51% is held by LeCroy & McGahee, giving them unmatched voting power unless "Vote by Proxy" is held/requested by shareholders.

https://www.investopedia.com/ask/answers/040315/what-can-shareholders-vote.asp

With the Authorized Shares being raised from 20M to 200M you can bet more dilution + offerings are going to come for financing through debt conversion (issuance of stock for financing/dilution of stock = Toxic Lending again). The problem is that GAXY stated the other main reason (besides doing RS to keep OTCQB status) was so that the company wouldn't massively dilute doing "heavy issuances" of shares (their own words). We now know this to be false & intentionally misleading as they just raised their Authorized Shares by 900%!!!! After completing a 1 for 200 Reverse Split just 4 months ago. So dilution will continue, company is not doing so well obviously, and they intentionally misled their shareholders with malicious intent to defraud them.

Don't listen to these CEO's & management personnel & definitely don't listen to anyone on social media (Twitter, iHUB, StockTwits, TikTok, Facebook) who pushes this ticker: GAXY or who tries to convince people it's a smart buy. I'm telling you all right now, you invest you WILL LOSE big time. It's only going one direction & that's down.

This company has very shady business practices and puts on a front to hide what they are really doing. Don't fall for it. I wish you all the best, and be intelligent, and see what's going on.

IMO: Be aware of this company's actions. I'm telling you now, they will dilute and do shady things, and not come thru for shareholders and within 1-2 years (if not much sooner), this stock will be down near or in Trips again ($.0009 or lower). You've been warned.

[GiantRun]

Thank you but neither do I at this time. Let’s see July August and September contracts. This is the bulk of their revenue the entire year and they have a lot of staff hires getting ready for this. If they don’t have a breakout summer there not dead but it will be a struggle for this company going forward.

[splintered sunlight]

I wish you well - I don't see it happening....

[GiantRun]

If this is 4 dollars next year that would be awesome. If this company gains traction as we should during this summer it could one day be a buyout by a company like BOXLIGHT

[splintered sunlight]

Ever?

Without a Reverse Split?

[GiantRun]

Not this year

[splintered sunlight]

AT least.

Do you think $10 is possible.......................................................

[02opida]

more orders to come here GAXY

[elkhunter]

After the senseless school shooting in Texas every school district in the nation will be under pressure to implement safety measures to protect their students and staff. Hopefully GAXY will become a major provider of these services with their G2 Secure products. I commend Magen for her tweet after the mass shooting had occurred.

I would never promote product in response to horrific events… I just want schools to be prepared. They need a quick and controlled response to these emergency situations and schools have to adopt systems like ours. If not ours, then someone’s, anyones. Keep our kids safe!!!

[GiantRun]

Nice to see awards/orders starting before summer hits. 1 dollar at least possible this summer.

[02opida]

GAXY - Galaxy Next Generation Awarded Purchase Order from New Hampshire School District

[AV Guy]

If they don't own it how can they be selling it? Is Boxlight Clarity the OEM product they keep saying they are getting orders from? Did they get this product with the Utah company they acquired a couple of years ago. Wouldn't Boxlight be doing something about this if it is their Trade Marked product? And then, how would you know.

[kgw]

All of their school line are mostly copies of the Mimio Clarity line which is owned with Trademark and intellectual property rights by BOXLIGHT. Google it it’s FACT!

[elkhunter]

GAXY market cap is currently around 5 million. They never seem to be able to acquire much of this Federal grant money being given to the schools and the stock continues to decline in value (suspicious in my opinion) yet they had 3 million sitting around in cash to purchase Interlock Concepts and Ehlert Solutions Group which I hear very little about anymore.
The American Rescue Plan includes: $122 billion for K-12 schools to be distributed through the federal Title I formula for funding schools and districts with concentrated poverty. The K-12 dollars will be focused on helping schools reopen and helping students catch up on learning they have missed during the pandemic.

[elkhunter]

GAXY identifies itself as a holding company. Their primary purpose is to acquire other struggling businesses at a steep discount. Their school product line appears to be an orchestrated front (most likely for tax purposes) to acquire these other businesses. Explains the continuous decline in share price (tax write off) for the company. Investors in their school product line services receive nothing in return from their investments but provide the company with cash to provide further acquisitions. Remember that the company paid $3,000,000 in CASH to acquire Interlock Concepts and Ehlert Solutions Group back in 2019.

Galaxy Next Generation, Inc. (OTCPK:GAXY) signed an agreement to acquire Interlock Concepts, Inc. and Ehlert Solutions Group, Inc. from Brad Ehlert for $4.4 million on September 3, 2019. The purchase price, subject to adjustment, to be paid as follows: (a) upon signing of agreement Brad Ehlert will receive 1.35 million shares of common stock of Galaxy; (b) as part of the closing the Galaxy shall deliver a promissory note in the amount of $1 million, subject to adjustment based on the successful completion of due diligence, and two other promissory notes in the amount of $1 million each; (c) (i) the second promissory note shall be adjusted based upon the gross revenues earned by Interlock and Ehlert from the date September 3, 2019 through August 31, 2020 and (ii) the third promissory note shall be adjusted based upon the gross revenues earned by Interlock and Ehlert from September 1, 2020 through August 31, 2021. On the completion, Interlock and Ehlert will be wholly owned subsidiaries of Galaxy. For the period ending June 30, 2019, Interlock Concepts and Ehlert Solutions together reported total assets of $0.85 million, Stockholders' Deficit of $1.2 million, revenues of $4.4 million, operating loss of $0.51 million and net loss of $0.51 million. As per the terms, Brad Ehlert shall resign for any and all officer and director positions on closing of the transaction. The transaction is subject to execution of employment agreement between Galaxy and Brad Ehlert. The transaction is expected to close in the end of September 2019. Galaxy Next Generation, Inc. (OTCPK:GAXY) completed the acquisition of Interlock Concepts, Inc. and Ehlert Solutions Group, Inc. from Brad Ehlert on September 4, 2019.

A holding company is a parent business entity—usually a corporation or LLC—that doesn't manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies.

[GiantRun]

This board gets busy when contracts are signed. Most of the revenue happens during the summer months leading up around September (the beginning of the school year).

[elkhunter]

Before you get to excited remember even $1.00 is only $.005 (one half of a cent) prior reverse split value.

[looking 4 a win]

$1 here we come!!!!’

[splintered sunlight]

That's because if you didn't sell, you feel like a bag holder....

[AV Guy]

This board used to be quite active but looks like it has gone quiet lately???

[elkhunter]

GAXY currently has a market cap of approximately 6.45 million. After spending over 3 million for the acquisition of Interlock Concepts with the 2 year note now being paid off the market cap should be higher. The acquisition is comprised of a combination of cash and stock. Interlock Concepts generated approximately $4 million (unaudited) in revenue through the twelve month period ending June 30, 2019. I am unable to find any revenue currently being generated from the acquisition. Prior to the acquisition Interlock Concepts was generating approximately 4 million in yearly revenue. On September 4, 2019, Galaxy acquired 100% of the stock of Interlock Concepts, Inc. ("Concepts") and Ehlert Solutions Group, Inc. ("Solutions"). The purchase price for the acquisition was 1,350,000 shares of common stock and a two year note payable to the seller for $3,000,000. The note payable to the seller is subject to adjustment based on the achievement of certain future gross revenues and successful completion of certain pre-acquisition withholding tax issues of Concepts and Solutions.

[KevP3301]

Good luck all! Rs ing me to death here. Finally gave in

[GiantRun]

You need to look at the last two years..there has been various changes I. Focus due to Covid. It was basically survival time for the company. Now, obviously, there in big with security. Contracts with schools should happen in the next 6 months.

[elkhunter]

With all the acquisitions/partnerships that GAXY has formed how come they have only penetrated a handful of states with sales. Here is something else I find interesting with the acquisition of Interlock Concepts. Supposedly 5 BILLION dollars in sales over a 5 year period yet GAXY's market cap is just over 5 million dollars. Doesn't add up. Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “We are pleased to close this acquisition ahead of schedule, as we previously announced our target date of end of September. We are very excited to add Interlock Concepts’ innovative audio technology to our product suite, as its something that our end customers, especially in the K-12 market segment have been demanding. Interlocks strong growth in the first half of 2019 supports our belief that their technology and positioning in the marketplace will help accelerate our growth. We look forward to working with Brad Ehlert, who successfully started Interlock Concepts and bootstrapped the company from inception. Brad has created solutions implemented in over 1,000 schools valued over $5 billion in 5 years.”

[elkhunter]

GAXY acquired Interlock Concepts back in September 2019 for an undisclosed price. The company was founded by Brad Ehlert in 2014. Per Gary LeCroy they generated over 5 Billion in sales during the previous 5 years before being acquired by GAXY but I've heard nothing regarding Interlock Concepts sales since GAXY acquired the business. "We look forward to working with Brad Ehlert, who successfully started Interlock Concepts and bootstrapped the company from inception. Brad has created solutions implemented in over 1,000 schools valued over $5 billion in 5 years.”
https://www.globenewswire.com/en/news-release/2019/09/05/1911508/0/en/Galaxy-Next-Generation-Closes-Acquisition-of-Interlock-Concepts.html

[splintered sunlight]

The D comes off tomorrow.

[splintered sunlight]

I think it is a really bad sign that they broke .36 and if they break though .30 I think it is a terrible sign.

I sold above 50 cents and will buy in the teens if it gets there.

[work-n-hard]

Have to admit, when I came back into this one around .01, I figured they wouldn't let it stay below 01.
But after I figured out it was back to being a flip, I still didn't see how bad they were going to be.
Dirty Ticker IMO.

[work-n-hard]

Dang, what a couple of Yahoos running this outfit.
"Who elected you leader of this outfit". Pete

[richme]

The reason is that they are a dog. I am down 22K now.

[smoking guns]

Seems like the installation process would happen while school is actually out ,not during the fall school session . Hmm, pumping ??

[02opida]

they will come in fall

[02opida]

It’s all about getting some major contracts

[GiantRun]

It’s all about getting some major contracts in Texas and the northeast for there award winning security system. If this doesn’t happen then we lose. If they gain traction then we go to dollars. If not, then it stays under .50 for months and shareholders will continue to hope and lose.