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Another 6-yr low - $0.0010 intraday
$AXXA
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The company has tried every known trick in its toolkit to rally shareholders that good times are near.
1. Reg/A filing
2. share buyback
3. Debt reduction (on ' friendly terms') that amounts to awarding toxic CDrs 500-1 common to 1 preferred 'c' shares, liquidated at a 300% premium to the agreed. $0.0012 trigger.
4. move insiders who have awarded themselves free common shares to a less visible restricted preferred
class of shares
5. redomicile
6. Clumsily hiding the doubling of A/S out in Wyoming hoping to avoid the glare of publicity (detected by some
savvy IHub sleuth). Then immediately maxxing that issuance with destructive toxic debt
7. spinoffs of worthless subsidiaries
8. baseball cards
7. offers of audits
8. Happy talk of 'unlocking' shareholder value
9. Acquisitions of 'disruptive' technologies
All have succeed in sinking the stock further. Nothing works and the eerie silence shows that the company knows it. The damage has been done. All the earnings in the world cannot refloat this ticker. All the cheery backslapping about growth and penetrating markets. Not even 15 straight quarters of superlative . Not performance, of $213MM proclaimed in assets. The only trick left in AXXA's grimy rucksack -- the most deadly one-- the one so feared most by shareholders that they are forbidden to mention it on stock boards as it causes everyone to shudder. They know it will tank the stock 90% in minutes while unleashing an avalanche of dilution. Of course, their own insider holdings will remain unscathed as it will include only the outstanding common shares, not preferred of Class A-C, which will allow management to cash out on the backs of shareholders. They know a reverse will do more harm in the first 10 minutes of trading than all the damage they have managed to inflict --and it's been considerable-- on shareholders over the past 7 years. But that won't be management's problem. That will be the common shareholder's problem and theirs alone.
It will send this stock straight to bottom for years to come.
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The lifeboats were gone a long time ago. After 6 years of empty, shoddy promises, the only thing AXXA can offer shareholders now is free swimming lessons.
It's as plain as day.
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turnaround?, or further decline?
$AXXA
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Exxe Group has done nothing meaningful they said they would do, they have crippled the company with toxic debt, have a 7 year record of publishing acquisitions no one can see, promising remedial events they had no intention of completing. Who cares what the earnings report says?! So keep your winning advice to yourself. This board is full of people that invested based on promises that didn't happen, otherwise known as lies, made by a company that is deeply contemptuous of its shareholders but grovels and scrapes in front of its cadre of lethal loansharks .
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The air has leaked out of this stock years ago. The market has moved on.
Worthless company pledges......
$AXXA: 11/20/19
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"We will update share structure and we won't stop working on the share structure so that we can get proper market value to our amazing assets. With the new financing that we are lining up, buyback is EMINENT(sic)."
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1. Eminent means 'famous and respected within a particular sphere or profession.' AXXA is neither
2. Imminent means 'shortly or soon.'
Clearly, they meant the second, but nothing happened shortly or soon anyway. In fact, just opposite.
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' we won't stop working, etc'. Wha? That was 5 years ago. Obviously they did. Back then, the float was 420MM. Today it is almost 5 times that amount. With a SP decline of 88%. Contact the company gets you the same empty response.
AXXA's IR dept.:
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Earnings increase expected?
$AXXA
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AXXA usually posts a 30% - 60% increase in revs regularly, so not much new expected in the filings. The real future of this venture is in
the liabilities, with issuances and debt concealed in Pref 'C' shares. It scares people that this suffocating debt cannot
be reduced, only hidden in shares at a 500-to-1 conversion rate which will strangle commons from advancing in price in any meaningful way. These guys can't simply walk into a savings and loan an apply for a 2-year loan like the rest of us -- even if sporting their $50 million in annual revenues -- because they cannot prove anything to anyone except those onerous debts they owe to loan sharks.
The will make S/P progress difficult if not impossible.
Once the company ventured down this road of signing promissory notes at $300% interest, there's no positive way of turning back in a practical way that won't devastate the shareholder equity further than they already have. Liquidating losing subsidiaries seems like a non-option here. Probably because
they're not worth anything. The company clearly seems happy with the way things are. Otherwise, they'd do something.
So we're stuck floating in this sewage that the company claims is a 'success.'
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AXXA's balance sheet
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re: You can bank on that....
$AXXA
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What happened here.....?
Exxe Group Announces New Roadmap to Maximize Shareholder Value
NEWS PROVIDED BY
ACCESSWIRE
Dec 07, 2022, 8:07 AM ET
Exxe is set to commence a spin-off program of up to 4 of its current businesses to shareholders
Targeted spin-offs are in Exxe's furniture/design, medical, automotive, and real estate divisions
The objective of these transactions is to maximize overall value for Exxe investors
The first spin-off date and subsequent events will be announced in December 2022
NEW YORK, NY / ACCESSWIRE / December 7, 2022 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe" or the "Company") a diversified fintech company, is pleased to announce the first stage of the Company's new investor-centric, corporate roadmap, whose early implementations have recently commenced. Management believes that these spin-off events will be transformative, directly benefitting the Company and its shareholders. Exxe is finalizing the timeline of events and mechanics related to the events and the Company will announce these milestones later this month.
It is currently estimated that the process of each spin-off will take 6-12 months.
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Everytime I approach AXXA management about this spinoff, I get the same treatment.
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$AXXA catalysts pending
$AXXA
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Just remember to keep each of the outstanding catalysts (dividend, buyback spinoff, uplift, share reduction, audit, etc.) categorized separately as they will reveal on their own schedule -- not ours.
insert-text-here
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$AXXA
AXXA upcoming reveal?
$AXXA
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Appears EXXE Group, Inc has finally assembled enough material for their proposed catalyst.
This time, unlike the others, the release details will be instantly verifiable. It should -- by the looks of it-- be something solid. An attorney letter won't be needed.
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re: Will 2024 be different?
$AXXA
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The good news:
Short interest = 0. Days to cover = 0
source: https://shortsqueeze.com/?symbol=axxa
The bad news: Upcoming reports.
Shareholders have come to dread AXXA's Q reports. There is nothing encouraging in them but much to fear. Typically they exhibit a worsening financial condition as those reports sadistically list hideous new toxic debt issuances. Observe how revenues increase arithmetically but toxic debt danger increases exponentially (under conversion formula). Not good. Since the company is unwilling to pay its obligations in an honorable way, shareholders know that they themselves will shoulder the burden of this spendthrift management and will be buried under further irresponsible dilution. That share dilution fear will trigger a further downward spiralling of the share price, a decline which remains intact. Meanwhile, the old debt reduction is cynically well concealed in Prfd 'C' shares at a staggering 500 common to 1 prfd 'C' share ratio which go unrestricted by year end. If you examine their last tweet, the writer curiously showers praise exclusively on the company's 'funders' (read: toxic note lenders) - not the shareholders, the ones who've absorbed the -87% price decline over 5 years. The CD holders will enjoy 600% effective interest rate gain on their loans when conversion rate factored in. Once these 'C' shares redeem, it will be like a vacuum bomb detonation, totally obliterating the shareholder equity.
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Hard to imagine being a shareholder on the receiving end of this ticker's quarterlies:
Burying shareholder equity
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$AXXA. ****. $AXXA. ****. $AXXA. ****. $AXXA. ****. $AXXA. ****
re: Non-stop spending
$AXXA endless dumping on shareholders....a reckoning coming
Quote from the EN**ZC board:
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"I’ll admit, I never saw the “we’re switching gears from medical cures to selling bedpans,” a 180 degree switch coming down the pike. Even with the warning of “no assets, no patents, no operations” since last summer, I didn’t see them throwing in the towel like this. This is pretty much like most otcs now, next to no real value, reckless dilution, empty promises of all these things they’re going to do that never really go anywhere."
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Almost everyone knows the result of the above tickers misleading promises. (An implosion). Investors got caught up in the company promises for too long. Then the bottom fell out. Does anyone know who they ($EN**ZC%) engaged as an auditor?
Anyone? Yep, Fruci Associates.
By the way, Louie, Cordoba, Reserch, and D.C-Kee will be joining me outside at the next shareholder convention, all of us eager to scoop up
any new pre-meeting handouts AXXA provides about their pending catalysts:
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$AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA.
CE removal tentative CYBL
Thanks for your post, awesome!
While your take on GDP, growth, inflation and soft landing reflect the caution closely seen in the Beige Book, you are sharing with guys whose jaundiced, sky-is-falling view of the economy sounds something like that overserved guy on the next barstool who thinks Larry Ludlow is an economist, AH revived Germany in the 1930s and finally, of course that the USA was better off under the gold standard.
They're a tough crowd.
Watch it move.....
You are correct! (Again)
re: CDers 500-1 preferreds
$AXXA
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Indisputable on all points. Thanks for your post.
In February, 2021, (at the monthly low) AXXA had a market cap of $6,880,000.. Today the tangible market value is $487K. (The $220MM in assets notwithstanding). A loss of $6.4MM in market cap in a period of 3 years. (source: Barron's)
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AXXA is the very definition of financial ruin.
re: Why dilute?
$AXXA
Quote:
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Why dilute if you’re making cash profits?
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According to Barron's and MarketWatch, AXXA total capitalization is just $478.13K. That is not enough to pay the officer salaries of their 5 member staff.
Therefore they must keep dilution tap open just to keep the lights on. Prospects are dim here for AXXA to simply maintain its current value.
Forget the $50 million in revenues (if planet earth is still your home). That's as meaningless as the audit. These guys couldn't audit an empty toilet paper roll.
Re: company on the up-and-up?
$AXXA
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Agreed.
Show me one instance where this company spent 1 cent on improving shareholder value in 5 years.
Hiding $11 million in debt inside a 1B share issuance ( which are redeemable at 500 commons for 1 preferred) is not helpful. Those preferred shares are like neutron bombs hidden inside the company filings, Ready to obliterate the share price at that 300% multiple of the .0012 stock price. Proof: When the company announced this issuance on Feb. 13, the stock was $0.0023. Three weeks ( and 1B share issuance) later it was settling in at $0.0011 (it's new home). The beauty of dilution.
Here's an 'opinion' below that should caution anyone who thinks that there's $220 million in assets underlying this company:
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$AXXA hit another 6 yr low last week. $0.00105 *** (while the S&P 500 hit an all-time high).
If you believe a rising tide lifts all boats, well it's not working here, cap'n. , This boat has been permanently scuttled by the skipper himself -- not the investors, not the shorts, and certainly not the market.
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AXXA return*****vs S&P500 Index
1. YTD -30.43%. vs. S&P 500:+33.59%
2. 1 Yr -73.53%. S&P:**** +28.36%
3. 5 Yr -86.88%. S&P: **** +87.04%
4. 3 Yr. -97.34%. S&P: **** +33.72%
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The trend is not your friend. Not with AXXA
$100 invested in AXXA on 02/12/2021 at yearly low (before runup) now worth: $2.36
WSJ: AXXA tangible share price: - $0.11
MarketWatch: AXXA tangible asset value: $428K
Source: https://finance.yahoo.com/quote/AXXA/?.tsrc=fin-srch, Wall Street Journal, Mar. 13, 2024
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$AXXA market leadership-
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Where's master of charts?
Last I saw him minutes ago, he was trying to turn the chart upside down, the better to fit his patented multi-Indicator ChartMaster parameters!
Go Chartmaster!
Go Igpk!!
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.
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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How about $0.0011?
After buys at $0.0026, $0.0021, $0.0016 and $0.0012, those
$0.0011's sure looked tempting.
Then, I remembered the how those investors that came before thought that those higher prices were indicative of a bottom.
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$AXXA *** $AXXA *** $AXXA ***. $AXXA *** $AXXA *** $AXXA ***
Is this another 'opinion'?
$AXXA
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$111 in stock traded today, with 1 hour to go.
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$AXXA
Is this an opinion?
AXXA hit another 6 yr low today.
$AXXA
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AXXA return*****vs S&P500 Index
1. YTD -30.43%. vs. S&P 500:+33.59%
2. 1 Yr -73.53%. S&P:**** +28.36%
3. 5 Yr -86.88%. S&P: **** +87.04%
4. 3 Yr. -97.34%. vs S&P: **** +33.72%
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$100 invested in AXXA on 02/12/2021 at yearly low (before runup) now worth: $2.36
WSJ: AXXA tangible share price: - $0.11
Source: https://finance.yahoo.com/quote/AXXA/?.tsrc=fin-srch, Wall Street Journal, Mar. 13, 2024
Market indexes now at or near all time highs. AXXA now at 6-yr lows with deteriorating share price, market capitalization, momentum, shareholder participation and management's evident unwillingness or inability to arrest the steady stock price decline in any sort of meaningful way. Trying to interest
AXXA in boosting the SP is like giving Viagra to a dead man. It does nothing.
re: Hope good news comes......
$AXXA
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Can't list how many prospective investors in years gone by have happened on a press release of AXXA's, then did a quick DD showing: 1.)$220MM assets, 2).$50MM revenues, 3.) 30-120% quarterly growth rates and 4.) diversified vertical subsidiaries. Seeing those attributes they excitedly concluded they had finally discovered that rarest of OTC gems, a highly, fantastically profitable company, an undiscovered motherlode, a phenomenon unknown in these parts.
All of them are gone now, some unfortunately passed away, the others drifting off to other prospects, the few oldtimers remaining are just here to gawk now at the grim shell of what once was, remembering the old boom times that --in retrospect-- never really measured up to the dream that AXXA long ago promised.
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$AXXA