Galaxy Next Generation Inc (GAXY)

[splintered sunlight]

Yup

If we can get through .51 we can possibly move higher.

[elkhunter]

A $230,000 catalog order. Magen's salary is now paid just need 3 more orders and then Gary's salary is paid then profit time.
Name And Title Total Cash Total Compensation
Magen McGahee COO, CFO, Sec., Director Total Cash $227,500 Total Compensation $227,500
Gary D. LeCroy CEO, President, Director Total Cash $52,879 Total Compensation $683,853

[work-n-hard]

Sweet. That helps.

[splintered sunlight]

News out.

https://www.otcmarkets.com/stock/GAXYD/news/Galaxy-Next-Generation-Awarded-Over-230000-in-Purchase-Orders-from-Texas-Schools?id=347157

[splintered sunlight]

That's why I said I "I think"

Besides it doesn't stop the others from trading volume.

[work-n-hard]

That's possible, but with all existing shareholders being locked out of trading their old shares until after settlement, I don't think that can be stated as fact.
JMO

[splintered sunlight]

The low 30's was a base - I think we move higher here.

[splintered sunlight]

I am new to GAXYD but I agree with your statement in general about OTC stocks.

[elkhunter]

Shareholders update:
https://finance.yahoo.com/news/galaxy-next-generation-issues-shareholder-133000306.html

[elkhunter]

Always amazes me that people trust these otc type businesses without reading their filings. Informed readers last month that I expected GAXY to establish a new 52 week low. Currently at $.322 or $.00161 prior to this reverse split. The majority of otc businesses will smile to your face, tell you what you want to hear while stabbing you in the back at the same time. Company image is the single most important aspect of a business.The majority of otc companies lack in this department forgetting that the investor is what makes or breaks their company. If a person is a novice investor google what management personnel receives in yearly compensation. In GAXY's case the CEO receives over $680,000 and Magen receives $227,000. Excessive amounts in my opinion for a company that is struggling with growth.

Magen McGahee COO, CFO, Sec., Director Total Cash $227,500 Total Compensation $227,500
Gary D. LeCroy CEO, President, Director Total Cash $52,879 Total Compensation $683,853

[work-n-hard]

I have to admit that last summer, I didn't think they were going to let it stay under .01 for long.
I took the hit (12pts.) on my entry, but did good on several bounces of 15-20 pts. after that.
It looked like the COVID thing was winding down, and they seemed so tied to it, that I lost hope that they were going to build their way out of it.
But HEY, they still get some great salaries. SMH

[DankStar]

I have been though about 5 RS in the past and they aren't always bad, you could get cashed out if the company has a major event. I mean the company valuation once they hit profitability in the next few years could be great. Active shooter technology and protection strategies are in high demand and being implemented not for just schools but malls, skyscrapers, Office Buildings, hq's, public spaces, wear houses etc. GAXY has a number of patents, clients and very desirable technology with multiple partners and distributors.

[richme]

True, a reverse split in this case. I am down a total of 87% on my "investment." Will it ever recover? Doubt it especially down that the Covid concerns seem to have diminished.

I for one screwed up royally on this one.

[Pennyes]

like ATDS, GAXY is another dilutive criminals run co, scam!, those co who run R/S cam will never progress!...99.999% of time!

[splintered sunlight]

Yes GLTY as well.

Hopefully it found a base in the low 0.30's.

[smoking guns]

Into ?? A obviously poorly run operation at GAXYD.. GLTY and the rest of us that just got hammered !!

[splintered sunlight]

Down 60% - what did I get myself into?

[splintered sunlight]

Yes thanks - I bought some today.

[smoking guns]

It's call sign is now GAXYD

[splintered sunlight]

I just found the stock today.

I can't find a good chart for it.

Where was it trading before this?

Nobody seems to want to own it.

Thanks

[smoking guns]

It's a shame for a good idea (product)not to be sold because of obvious incompetence

[splintered sunlight]

Unfortunately it's worth less now..........

BUT

It does look like it is finding a base. Maybe, maybe not......

If it gets through .50 it has a chance.

But that's a big if.

[splintered sunlight]

That would be an affirmative due to the split and subsequent drop in price.

[Propain]

Your cost gets multiple by the amount of the split. www.google.com

[Destructo86]

Ummm. I had purchased originally $348 worth of shares a while ago.... and now it says my cost is $75 after the split. Did I just get robbed?

[splintered sunlight]

Just bought some today.

I wish us all luck.

[work-n-hard]

Actually, the state filings showed on 03-04-22, that the AS's went from 4B to 20M.
There was only one way that could happen.

[smoking guns]

One day notice, classy move.

[Renee]

GAXY: effective March 8,2022 a one for 200 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Tiger Money]

Reverse split

[elkhunter]

Space cadet Magen provides shareholders update. "Mission Control: We have a problem."

[smoking guns]

Good point elkhunter, waiting this one out

[elkhunter]

With a company stock price of $.0050 every school district in the US and Australia is overwhelming the company with orders. Perhaps someday shareholders will even be given the opportunity to see who the CEO is either in a picture or in person instead of the occasional tweet.

[elkhunter]

Gaxy stock keeps falling like they have a "Made in Russia" assembled in Georgia sticker on their products.

[GiantRun]

GAXY is has possible contracts to be signed as clients are test the G2 products with private access to the G2 app. Now we see what’s coming.

[Boredoftv]

Correction, Do not match the company size and performance.

[Boredoftv]

100% agree, unfortunately. Salaries do. It match the company performance.

[Pumpkin44]

Nice movent today....weeeee

[work-n-hard]

50's have been lucky so far.

[elkhunter]

Time to exit this stock and invest elsewhere. Believe a new 52 week low is coming and if it does might invest again at that time. Gaxy management just doesn't seem to have a clear direction forward with their business plan. Personally I envision a dart board and they're just throwing darts blindly at it hoping something sticks. The company continues to ignore their outstanding share count (3.37 billion is ridiculous and keeps the stock value sub-penny). A continuous stock buyback program I believe would help the company but not being implemented. Unfortunately they appear more interested in their own compensation packages and less interested in advancing the business. CEO makes over 600K and CFO makes over 200K annually (Name And Title Total Cash Total Compensation
Magen McGahee COO, CFO, Sec., Director Total Cash $227,500 Total Compensation $227,500
Gary D. LeCroy CEO, President, Director Total Cash $52,879 Total Compensation $683,853. Another factor which is concerning is the total number of shares personally owned by Gaxy management. If they feel uncomfortable investing their own money into the company why should other investors. Percentage of common stock
Beneficially Owned
Directors and Executive Officers
Gary LeCroy 8,768,440 * (current value equates to $52,610 at $.0060 stock price)
Magen McGahee 6,694,081 *( current value equates to $40,165 at $.0060 stock price)
Carl Austin 528,415 *
All current executive officers and directors as a group (3 persons) 15,990,936

[rawsteel]

Galaxy Next Generation Reports 31% Revenue Growth to $2.6 Million and Significant Reductions in Operating and Net Losses for its Six Months Ended December 31, 2021 Fiscal Year 2021 Results

Reached Positive Shareholder Equity for First Time in Company's History Conference Call Scheduled for Today at 4:30pm ET
TOCCOA, GA / ACCESSWIRE / February 14, 2022 / Galaxy Next Generation, Inc . (OTCQB:GAXY), a provider of interactive learning technology solutions, today announced the Company's operating and financial results for the fiscal second quarter and six months ended December 31, 2021 .
Key Financial Highlights for Six Months Ended December 31, 2021
Revenue increased 31% to $2.6 million
Gross profit increased 7% to $0.7 million , including a write down recorded for older inventory
Operating loss decreased 60% to $1.9 million
Net loss decreased 86% to $2.8 million
Total liabilities decreased 44% to $4.9 million (from $8.8 million at June 30, 2021 )
Eliminated convertible debt which led to $0 reported derivative liability
Cancelled and returned to treasury 50 million shares

[kgw]

Agreed!!

[elkhunter]

Very few school districts or government agencies are going to purchase products from them with a stock price of nearly a half of a cent that will require future technical/assistance support. All I would see as a purchasing official is that this company could be out of business within 6 months leaving the purchaser will a unreliable system.

[kgw]

Schools don’t buy generic brands of Mimio equipment the Administration won’t let them. That’s why the contracts mostly go to who owns Mimio Clarity and that’s BOXLIGHT

[elkhunter]

Ten days till next earnings date.
GAXY Earnings History
Feb 17, 2022
2022 (Q2)

[DankStar]

LOADING ZONE IN MY BOOK!

[jfordosi]

Patience pays !!

[elkhunter]

Fifteen days till next earnings date.
GAXY Earnings History
Feb 17, 2022
2022 (Q2)

[DankStar]

LET THE FEB. ER RUN HAPPEN! .10+

[smoking guns]

This dog may not recover, my regrets also .