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That's more than the current market cap for the ENTIRE company!
For real! Crazy how hard someone is trying to hold this down, just get on the right side of it already and let's make some mulah!
Awesome. Things just get better and better here!
True that the trade report by IHUB is different from a professional trading platform... If you look at the very bottom of the table it says:
"Trade definitions are based on the mid-price point and are indicative only"
Meaning they are basing the prints of the avg. price between the bid and ask... If the price is higher than the avg it is a "buy" and lower than the avg a "sell" still not a true indicator of whether the active participant was on the bid or ask...
Case in point when someone hits the .0177 currently offered on the ask, since it will be a drop from the .0178 it will appear as a red "sell" even though someone actively purchased it on the ask.
Pro tip in every transaction there is a buyer and a seller. Red or green tape is a result of the price move relative to the last trade... So when we see games played on L2 it can be very misleading. In the exchange you are referring to and I was watching the ask was .0176 after which a huge wall was put up at .017, which someone bought up. But since the price dropped even though it was bought on the ask it was a red print...
They are going to audit for 2019 in 2020, before 2019 it wouldn't of really made sense to do so as the business in its current form has only been around for a couple of years...
Yes a percentage ownership In a business is intangible! And businesses themselves are hard to value.
Have you ever tried to value a business before? I have for my job when setting up buy-sell agreements and it can be incredibly difficult and multiple methods can be utilized not to mention there are a multitude of variables and economic conditions playing in, some of which are unknown or even unknowable and for most businesses there value can vary widely from year to year.
If hard to value or intangible assets makes one uncomfortable the stock market and business ownership isn't the place for you my friend and certainly not the pink sheets!
Part of the attractiveness in this is that where it is trading at relative to what is being reported whether verified or not that is where the risk return of the investment comes into play. That is why this isn't already trading at it's true value... Surely you understand the speculative nature of the OTC markets?
The early bird gets the worm!
AXXA
Sponsored research is pretty common in small and mid cap and the trend is only growing.
Small and mid cap companies need the exposure and the attention of investors that analyst coverage brings them if no analysts are writing about them, it’s harder for investors to find them and for the market to know about them.
Agreed paying for coverage/attention isn't ideal but without doing so many companies would go undiscovered in a sea of over abundant information competing for our attention and dollars.
At the end of the day nobody works for free someone needs to fund the research, the same is true in other industries like pharma and food, the drug company or the food company pays for the study/exposure.
"All investments made in intangible assets take the form of goodwill in the assets acquired."
That is taken straight from the quarterly report. All of the business interest that they have accumulated takes the form of goodwill because it is in tangible...
The only one who seems to be confused is you, perhaps don't speak about things if you don't understand them!
Go AXXA
I can't even get in I have an order in at the ask and it isn't getting filled... Dunno what's going on.
Any guesses what we open at, gonna try and snag some more before it runs away.
AXXA
AXXA will pop today, had share reduction coupled with this nice article after close...
https://emerginggrowth.com/why-exxe-groups-otc-pink-axxa-valuation-is-set-to-move-markedly-higher/
AXXA should pop today, had share reduction coupled with this nice article after close...
https://emerginggrowth.com/why-exxe-groups-otc-pink-axxa-valuation-is-set-to-move-markedly-higher/
Per the new AXXA report:
"The current stock price represents extreme value and nominal risk for the long-term investors with, assuming no growth at all, over 100% upside potential. Moreover, once released, those sideline investors will miss the boat on the big, early run, and then likely help take the stock to new highs."
https://emerginggrowth.com/why-exxe-groups-otc-pink-axxa-valuation-is-set-to-move-markedly-higher/
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What matters is the content of the article! AXXA is tremendously undervalued and hopefully this helps open peoples eyes to that, there is awesome opportunity here, and I'm glad the company is marketing itself to help enhance shareholder equity and future business opportunities!
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Excited to see what tomorrow has in store!
Woah that's awesome!!
Our favorite bad actors walk us down with 1k worth of sales and then throwing up walls at 0152 to try and pin us down here and keep eyes off of us from a nice close...
L2 looking thin on the ask, after the 104k @ 0167 next level is 10k @ 0178
Those interested in holding it down are still trying to play there games on L2 and hold this back... They are probably starting to sweat a bit now. Go AXXA
I got some more AXXA
Exciting to see the attention around AXXA brewing... The excitement and tension is palpable and a noticeable change has occured in the amount of eyes and attention here. Go AXXA!
More like the whole month of November...
https://otcshortreport.com/company/AXXA
More than 60% daily short interest for much of the month except for a few days... Seems to of finally let up on Friday.
Nothing more exciting than a short squeeze!!
#AXXA
The last couple weeks this has been brought down by a short raid, although I would say unsuccessfully, as even though they artificially brought it down on low volume and pinned it at these low levels the volume completely dried up as no one was willing to part with shares... I believe this is wound pretty tightly with a lot of the shares in strong hands. With some buying pressure/breaking through a few of the walls the shorts interests have put up to hold it down, it could trigger a short squeeze and see this thing pop...
Boy if that is the case someone should let Facebook and Uber know they are worthless since they are made up of primarily intangible assets...
hmmm I think the finer points of my explanation on par value and the stated value for the converted shares were either missed or misinterpreted,so yes perhaps best if left alone... my apologies if I confused you...
Also I sure hope Mr. Cohen isn't taking his investment advice from his attorney, attorneys aren't qualified to be making those kind of recommendations... in fact I would suggest anyone taking their investment direction from their attorney should seek the help of a financial professional and leave the legal work to the lawyers.
Best of Luck to You!
$AXXA
Ahh i see now! Yeah on the Issuance disclosure it states something like" in the past two completed fiscal years AND ANY SUBSEQUENT INTERIM PERIODS"
So that would be a subsequent interim period, and then on the most recent disclosure it is listed as a table item so the reported 438 mil outstanding should be correct not including the share reduction from MR. Cohen... does that answer your question?
Does that explain you away? haha just playing but rather cheeky of you seeing as I am just out here dropping free knowledge be nice or i might not reply next time!
Cheers!
$AXXA
Haha well I may know more than most but am still no expert! There is a lot to stock issuance and preferred stock in particular, and Exxe group doesn't have public offering so we can't currently acquire any preferred shares without an offering straight from the company!
But i wish I could buy preferred at .0001!
A lot to unpack here so I apologize if I miss something.
But face value/stated value is different than par value....
The par value is the base of what the stock could be issued at or trade at so I guess in a way your right that the par value protects our investment from dropping below .0001... Yipee! And as i said in previous post par value is really meaningless to us as investors as really it is used as an accounting metric for the companies books.
What does matter, particularly for the preferred shares is the "STATED VALUE"
So for example in the case of Mr. Cohen's preferred shares the par value is .0001 so the company could of issued them at any value all the way down to .0001 but what the price that they agreed upon a.k.a. the stated value is $2... So Mr. C had 50,000,000 at a market value of .02 which = $1,000,000 investment, and he converted to 500,000 of preferred at a stated value of $2= $1,000,000 investment. Or hypothetically the company could of started a new series of preferred with a stated value of 1,000,000 and Mr. C could have converted to 1 share...
haha clear as mud?
The take away is par value is meaningless what matters is stated value...
Dividends for all companies are declared by the BOD. When declared a cash dividend will be listed as a liability of the company, or a stock dividend would show up in the equity section of the financials.
Preferred shares have dividend priority over common stock, as well as a greater claim on company assets but they have NO voting rights, or at least typically have no voting rights... really there is a lot a lot a lot of different ways of doing preferred shares they truely come in all shapes and sizes and may trade higher or lower than stated value for all sorts of reasons like... convertibilty, callibiltiy, fixed dividends, cumulative rights, extra voting rights and so on...
Preferred stock is usually purchased and meant for institutional investors because they receive special tax advantages from preferred stock that is not available to individual investors.
Basically preferred offers more stability and predictability than common stock... Mr. C did not get hustled because his preferred share investment is still worth 1 mil versus if he still held common stock today his investment would be around 750k?
So it is good all around he is no less of a worried investor watching the day to day price because he has more secure investment in his pocket and alternately common stock share holders get a little bigger slice of pie...
lol hope this helps!
Either way is a vote of confidence to the the ongoing abilities of this company if an employee with inside knowledge of the internal workings is willing to defer gratification on his investment by converting to preferred shares... I sure wouldn't be interested in a dividend if I didn't think the company was going to be able to pay them in the future...
Sorry, i'm not finding the item you are referencing. The only subsequent event I see on the 2019 Q2 revised report is for July 2019, a convertible note holder converted a loan note into 10,000,000 share of common stock? But that wasn't an issuance...
What page are you looking at?
$AXXA
Par value once upon a time had significance but not so much anymore... Hence why some stock is issued at no par or very low, below .01, as it sets the floor for value as well as serves for tracking purposes on the balance sheet. The difference between the par value and the price paid at initial purchase is added to the paid-in surplus account... So for Mr. Cohen's transaction there is no change in value essentially a straight value swap... For the Reg A of the new shares to be sold at .03 the difference between the par value and the value of the new shares sold (once actually sold) will be added to the balance sheet as paid-in surplus... Par value is really just an accounting tool...
$AXXA
It's actually not that complicated. In the certificate of incorporation the par value is the minimum value of the shares issued, so the company can issue 20,000,000 series C preferred as low as .0001, when they actually issue the shares like they did to Mr. Cohen they are issued at a decided value in this case $2 per share... The same applies with the other preferred classes... The par value in the certificate of corporation sets the minimum value they could be issued at... Hope this helps!
Please sell me your shares at .015! This stock is terrible and I am doing a public service by letting you know how bad it is! Even though there are thousands of bad penny stocks I could warn people about, I have decided to commit myself to this board and save the world from AXXA, but fortunately for you I am a very charitable man and will help take these worthless shares off your hands!
Operating expenses more than halved, down to 327k from over 800k last q. Which means a positive operating income of 342k!
Well said! Obviously anything in pennyland is a speculative play, and as such people should only play with money they can afford to lose, but as far as speculative plays this is a great one, and the risk to reward is well worth it in my opinion. And while we can complain about the fins being unaudited, if they were audited we wouldn't have this awesome opportunity for a 10 bagger.
And there are a lot of little signs that should give us hope, like that large shareholder who converted to preferred shares is an employee for one of the subsidiaries, switching to the preferred is a vote of confidence for the future and shows that this person with inside knowledge of the company is willing to defer gratification on his investment shows that he has faith in the future prospects for exxe...