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http://irdirect.net/prviewer/release_only/id/4518487
TOCCOA, GA / ACCESSWIRE / November 5, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, is pleased to announce that it has received a purchase order for its Cov-Shield Plexiglass Desk Shields from a school district in southwest Missouri, its first ever customer in the state of Missouri.
The school district operates a total of eight schools; made up of four elementary schools, two intermediate schools, one junior high school and one high school for its more than 700 teachers and over 6,000 students. The purchase order for Cov-Shield units is to incease the safety and protection of its teachers, staff and students in the classroom.
Gary LeCroy, Galaxy's Chief Executive Officer, commented, "We are very excited to work with this school district in southwest Missouri, just outside of Springfield. Their trust in our products supports the value-add our Cov-Shield solutions provide as schools try to manage the social distancing requirements of the CDC and provide a safe learning environment for its teachers, staff and students in the classroom."
Not the same company it was 3 months ago.
I imagine tomorrow's conference call will mostly be to discuss the merger?
A new S-1? Just what we needed, right? http://filings.irdirect.net/data/1127993/000109181820000230/gaxy10272020forms1a.pdf
Amazing what can happen with no dilution.
So, I'm thinking if the Democrats take the Senate and Biden wins there will be more money for protection from the virus for Education. If the Republicans hold the Senate and Trump wins there will be more money for Education just not as much. How can GAXY NOT get new orders?
Earnings aren't scheduled until mid-November, right?
October 26, 2020
Galaxy Next Generation to Host Shareholder Update Call on Wednesday, October 28, 2020
Conference Call Scheduled for 4:30pm ET
TOCCOA, GA / ACCESSWIRE / October 26, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today announced that it will host a shareholder update conference call on Wednesday, October 28, 2020 at 4:30 p.m. Eastern Time. Galaxy CEO Gary LeCroy and CFO Magen McGahee will discuss the Company's capital structure, capital markets plans, business developments and strategy and will address shareholder questions.
The details for the conference call can be found below.
Shareholder Update Conference Call
Date: Wednesday, October 28, 2020
Time: 4:30 PM ET
Dial-in: 1-877-407-9205 (Domestic)
1-201-689-8054 (International)
If you would like to submit a question, please send an email with your question to IR@GalaxyNext.us prior to the call. Galaxy will do their best to answer all questions.
Webcast: https://www.webcaster4.com/Webcast/Page/2559/38409
Initially I sent it to the wrong e-mail then forwarded it to IR e-mail address on the website. In any case Stephen answered.
Sent: Thursday, October 22, 2020 8:35 AM
To: 'info@somersetcpas.com' <info@somersetcpas.com>
Subject: Wondering when you'll be announcing the reverse split?
Hello IR,
Now that you’ve totally destroyed the value of your stock price you obviously will need to do a reverse split so you can continue to raise money for the company.
I was wondering how soon you’ll be announcing the RS?
xxxx xxxx (holder of 64,300 shares with a current loss of $1500.)
NYC Team <nyc@clearthink.capital>
Thank you for your email and interest in GAXY.
I manage Investor Relations for the Company.
No reverse stock split has been authorized.
Regards,
Stephen
ClearThink
Corporate Development Advisory
2701 NW Boca Raton Boulevard, Suite 218
Boca Raton, FL 33431
nyc@clearthink.capital (NYC Team)
o 561-807-9010
m 917-658-7878
That's your opinion. It was (and is) a Covid play.
Hello IR,
Now that you’ve totally destroyed the value of your stock price you obviously will need to do a reverse split so you can continue to raise money for the company.
I was wondering how soon you’ll be announcing the RS?
xxx xxxx (holder of 64,300 shares with a current loss of $1500.)
Looks like dead money for a while. Might as well just watch a movie and forget about my shares for the foreseeable future. Can't afford to take the loss.
Yes. The company has paid off 2.5M in debt, but another S-1? More dilution in our future. How can this NOT lead to a reverse split? Good for the company bad for us.
They could have been a contender! Sad.
Anyone want to take shots at the 8k? http://filings.irdirect.net/data/1127993/000109181820000216/gaxy10152020form8k.pdf
October 16, 2020
Galaxy Next Generation Closes Asset Purchase of Classroom Technology Solutions, Inc.
Adds Industry Recognized Audio-Visual Products for the K-12 Education and Increases Profitability on Current Offerings
TOCCOA, GA / ACCESSWIRE / October 16, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company"), a provider of interactive learning technology solutions, is pleased to announce that it has closed its asset purchase of Classroom Technology Solutions ("CTS"), a designer, manufacturer, importer and integrator of audio-visual products, with headquarters in Jacksonville, Florida.
The purchase of CTS's assets will prove to be accretive to Galaxy's bottom line. As part of the purchase agreement, Galaxy is gaining access to not only years of customer support to the CTS brands, but also years of buying power from the CTS president, Cy Marshall. Cy will be joining the Galaxy team as part of the acquisition as Galaxy's Product Officer. His relationships with global vendors has already proven to be helpful to Galaxy's import activity by decreasing Galaxy's cost of goods, by an average of 50%, on several products sold under the G2 brands. This is an important step for the Company as management strives towards profitability in the coming quarters.
CTS's current product offerings include complementary components to the ever-changing and ever-growing product line of Galaxy. Galaxy will be adding their line of projector and panel mounts to their offerings, as well as their classroom speaker line, which is being manufactured in the Jacksonville office (an important addition to Galaxy's OEM product development). Galaxy will be keeping the Florida office as a satelite office and will utilize the location to better serve customers and import needs.
CTS received the 2020 Best of Jacksonville Award in the Audio-Visual Supplier category and has also been recognized as one of the "Fastest Growing Private Companies in Northeast Florida" as well as "Largest Technology Service Companies" and "Top Integrators" by the Jacksonville Business Journal. CTS has a robust portfolio of new products that will be released over the coming year. Many of these products will enhance the current and future Galaxy product offerings. CTS is a leader in the development of sophisticated technologies used in the education marketplace and other collaborative environments. Many of CTS's products qualify for the "Made in America" distinction while other are a combination of U.S. and offshore products.
Gary LeCroy, Galaxy's Chief Executive Officer, commented, "I am excited to finally close on this acquisition. We are looking forward to the additions that CTS and Mr. Marshall bring to the Galaxy brand and team. The impact this purchase has already had, and will continue to have, on Galaxy's future revenue and profit is meaningful."
Cy Marshall, Classroom Technology Solutions' Chief Executive Officer, stated, "Joining the Galaxy team has been an easy and smooth transition. I look forward to marrying my experience and ideas with Galaxy's ability to be a big mover in the education and other collaborative markets. I see our future being a very bright one with the products and team we have developed together."
About Galaxy Next Generation, Inc.
Galaxy Next Generation (OTCQB:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment. Galaxy's products include Galaxy's own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy's distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company's products within the commercial and educational market. Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products - comprising nearly 90% of Galaxy's sales.
For additional information, please visit our website at: www.galaxynext.us
??? So true?
Upcoming catalyst for $GAXY:
— mynamejeffffff (@j_loq3z) October 12, 2020
🔥10Q will be filed by mid November and will include contracts from July, August, September
🔥1M note due in November has $0 balance
🔥CTS acquisition closing any day now
🔥CTS pro-forma financials will be combined
I think the company will do whatever it needs to do to get the money it needs to accomplish it's goals. I think they have realized (at least for now?), that any further dilution at this time is frant with risks. Looks like just retail trading today?
Though there is not a lot of substance in their PR this morning, and all it does is confirm what I already thought, this gives me more confidence in the company. I am happy to see the company listens to it's shareholders and is willing to respond publicly.
I imagine e-mails like mine helped prompt them to be more transparent where things stand:
Stephen,
Thanks again. I thought so, but the company has never clarified about all the dilution going on so there are all sorts of rumors.
xxxx
The attached Notes you refer to have all been converted to equity or paid back.
Regards,
Stephen
ClearThink
Corporate Development Advisory
2701 NW Boca Raton Boulevard, Suite 218
Boca Raton, FL 33431
nyc@clearthink.capital (NYC Team)
o 561-807-9010
m 917-658-7878
?
From: xxx
Date: Tuesday, October 6, 2020 at 8:46 PM
To: Stephen Hart <nyc@clearthink.capital>
Subject: RE: New Form Entry #120 for Consultation
Stephen,
Thank you so much for your prompt reply. I do have another question that has been brought up. Can you tell me if the image I’ve included is still correct? I’ve also include the post that included it.
“
SooS416
Tuesday, 10/06/20 02:12:11 PM
Re: zatan post# 24154
0
Post # of 24178
They are not lies, it is listed in the financial statements, so how is stating what is in the financials false info?
And again as of 6/30 there were 3B shares reserved for the conversion of debt that would bring the O/S to about 3.7B
xx (not the original poster).
From: NYC Team [mailto:nyc@clearthink.capital]
Sent: Tuesday, October 6, 2020 5:04 PM
To: xxx
Subject: FW: New Form Entry #120 for Consultation
Thank you for your email and interest in GAXY.
I manage Investor Relations for the Company.
We do not know what he paid but he bought in the open market in July and early August.
Earlier was holding 68,800,700 shares. Now hold 82,241,945 shares.
Regards,
Stephen
ClearThink
Corporate Development Advisory
2701 NW Boca Raton Boulevard, Suite 218
Boca Raton, FL 33431
nyc@clearthink.capital (NYC Team)
o 561-807-9010
m 917-658-7878
?
You have a new website form submission:
1. First Name
First Name : xx
Last Name : xx
2. Email Address
stuart.w.chase@comcast.net
3. Phone Number
xxx
4. Address
City : xx
State : WA
Zip : xxx
Street Address : 4xxx
5. Organization
N/A
6. Title/Role
Stockholder
7. Message
Is it true true that this gentleman bought 68,000,000 for $6800.? If that is so I will never recover the money for my 64,300 shares. Sivakumar Arikeri Pathikonda / Individual
---
This message was sent from https://galaxynext.us.
--
Magen McGahee- Vice President
Galaxy Next Generation, LTD
www.galaxynext.us
706-391-5030
magen@galaxynext.us
October 09, 2020
Galaxy Next Generation Issues Shareholder Update
TOCCOA, GA / ACCESSWIRE / October 9, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) ("Galaxy" or the "Company), a provider of interactive learning technology solutions, today provided a Shareholder update and issued the following letter to its shareholders.
Dear Shareholders:
It is apparent to us, as management, that we have had a steady increase, in both long, and short -term shareholders. First, we appreciate all the interest in our company and the confidence you have shown through social media, chat rooms, and the constant outreach via email, text, phone, or otherwise. It has been exciting for us to see the reaction to our recent growth.
This time last year the stock was trading (albeit a higher price) approximately $8,176 in daily average volume. This month, we are glad to show a daily average trading volume of approximately $1,826,000.
Gary LeCroy and I, co-founded Galaxy Next Generation, Inc in late 2014 and ran it as a private company through the reverse merger date in June of 2018. Our business plan consisted of concentrating on our growth and expansion and raising the new capital necessary to implement our plan. Galaxy has experienced both tremendous growth and challenges this year with acquisitions, new product launches, expectations of customers and partners. This high growth was supported by our access to this new capital, some of which was convertible at a discount to market into equity. It is unfortunate that at times the stock price was affected due to the selling pressure but we believe that in the long term we made the right decision to finance growth when the potential is as large as the opportunity presented to us to take our company to the next level both market wise, but more importantly business wise.
We will continue to strive for our goals, seek accretive acquisitions, and focus on turning our growth in to a profitable revenue. This past quarter ending September 30th we saw increased interest in our products and we are pushing very hard to reveal our quarter end numbers to the market as quickly as we are able to complete our Q1, 10Q.
Your continued support is important to us as a company and we look forward to the next fiscal year having you as part of our shareholder community.
Sincerely,
Magen McGahee CFO
and Management
http://irdirect.net/prviewer/release_only/id/4488316
Whoa, stay my beating heart! Could we actually maybe possibly close green today? Naw, just my hopeism.
We can only hope that was capitulation. Not saying it was, but it would make my day if it was.
The attached Notes you refer to have all been converted to equity or paid back.
Regards,
Stephen
ClearThink
Corporate Development Advisory
2701 NW Boca Raton Boulevard, Suite 218
Boca Raton, FL 33431
nyc@clearthink.capital (NYC Team)
o 561-807-9010
m 917-658-7878
SooS416
Tuesday, 10/06/20 02:12:11 PM
Re: zatan post# 24154
0
Post # of 24178
They are not lies, it is listed in the financial statements, so how is stating what is in the financials false info?
And again as of 6/30 there were 3B shares reserved for the conversion of debt that would bring the O/S to about 3.7B
?
In my reply I thanked the IR guy and asked about all the conversions coming due in November as referenced in:
SooS416
Re: zatan post# 24154
Post # of 24178
So, I got a reply from GAXY. Maybe this will clear up the stupid rumors.
"From: NYC Team [mailto:nyc@clearthink.capital]
Sent: Tuesday, October 6, 2020 5:04 PM
To: stuart.w.chase@comcast.net
Subject: FW: New Form Entry #120 for Consultation
Thank you for your email and interest in GAXY.
I manage Investor Relations for the Company.
We do not know what he paid but he bought in the open market in July and early August.
Earlier was holding 68,800,700 shares. Now hold 82,241,945 shares.
Regards,
Stephen
ClearThink
Corporate Development Advisory
2701 NW Boca Raton Boulevard, Suite 218
Boca Raton, FL 33431
nyc@clearthink.capital (NYC Team)
o 561-807-9010
m 917-658-7878
?
You have a new website form submission:
1. First Name
First Name : xxxx
Last Name : xxxxxx
2. Email Address
xxxxxxxxxxxxx
3. Phone Number
xxxxxxxxxxxxxxxxxxx
4. Address
City : xxx
State : xx
Zip : xxxx
Street Address : x
5. Organization
N/A
6. Title/Role
Stockholder
7. Message
Is it true true that this gentleman bought 68,000,000 for $6800.? If that is so I will never recover the money for my 64,300 shares. Sivakumar Arikeri Pathikonda / Individual
---
This message was sent from https://galaxynext.us.
--
Magen McGahee- Vice President
Galaxy Next Generation, LTD
www.galaxynext.us
706-391-5030
magen@galaxynext.us
I think you may be misreading this document. It says that the par value of the stock is $.0001 which indeed would be $6800.
The Par value is just something all companies do.
"These days, the only thing that par value really matters for is in calculating how much you have to pay for your founders stock, as, assuming you purchase your founders stock when you first form the corporation, you will take the number of shares received times the par value, and you will pay that into the company to buy your shares."
https://capgenius.com/2011/02/27/set-the-par-value-for-your-common-stock-absurdly-low-heres-why/
In any case, I contacted IR to see what they say.
Looks like the day will start out up. Cool. Things looking better for a stimulus bill which (of course) will include Education.
Don't know if this it, but it was on Stocktwits. Bankruptcy Court https://app.gotomeeting.com/?meetingId=606081245
Undervaluing it by 40% is not a big deal?
https://theheadlinereporter.com/jc-penney-revenue-surges/
Stunning J. C. Penney September actual results crush bankruptcy plan forecast by 40%
Looks like they have money to me. 8k https://fintel.io/sfs/us/jcp
#1468 Statement (Filed By BOKF, N.A. as Trustee ).(Related document(s):1436 Application to Employ) Support for unsecured creditors. https://cases.primeclerk.com/jcpenney/Home-DocketInfo
Maybe there are warrants? https://twitter.com/Mojoe609/status/1308827116142825472 LOL