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You too, huh? ;)
OS 419. You were correct in your thinking. So we can move back up.
Ok, mr. auditor, why don’t you provide a better assessment or example using real numbers? Like RMS just said, “sharing is caring!” I’ve already shown how $25 mil goodwill for the agribusinesses is legitimately calculated based on fair value from 3rd party sources.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154101011
We can all see that you're underwater in a different play. But yet you don't see us belligerently tearing that company down when we don't have shares, like you've already stated you dont have here. Why the double standard, bud?
Back to Pink current
A private equity buyout is how that would likely be accomplished. I don't imagine $AXXA would consider a PE buyout yet since its just getting started and they know what they have. Too early. But who knows.
Buybacks from the market are not used for going private, for obvious economic reasons, unless its a non-insider who is planning a LBO.
Remember what we discussed already? Stating currently reality over and over again doesn't qualify as "facts." Did you read my post on the agribusinesses, fair valuation and calculating the goodwill from that? One might say I included "facts" rather than stating the obvious.
Glad we're on the same brainwave - I know we have been for awhile :)
Great to hear your report, glad the timing worked out. I really appreciate your poise and maturity to admit that some of your thoughts have changed too. Its easy to save face on an anonymous board, so thank you!
I think you're confusing "operating responsibilities" with "personal expectations" of what you think the price should be. While the profit was small this past Q, it was a profit. And revenue grew again, substantially. Yes there have been amendments to the quarterly report, but it was originally filed within the extension. And the OS hasn't changed which means impatient holders have brought it down to this range.
Are there some milestone achievements that haven't been finalized yet? Sure, and they're being worked on, which I have verified with certain 3rd parties that they are in progress. I've obviously been asked not to say anything so that nothing potentially gets disrupted.
So yeah, the stock's performance hasn't met your expectations, that's fine - and I agree with you, did not expect it to be where it is right now. But to say the company's operating responsibilities have not been met - well that's clearly not the case. There is so much going on behind the scenes that does not and cannot get put on this public board, and I hope you're around to see what I mean over the next bit.
Your logic continues to be so flawed, I'm truly sorry that you aren't using your brain because you could really use that passion and brain power for something useful.
Using your logic, if one of the assets is fake, they all have to be fake, otherwise why fake any at all? So if they're all fake, how do you keep the 10 people listed in the disclosures who received preferred shares for their asset purchases quiet for the 2-3 years their shares are restricted? Oh wait, all those people who sold controlling interest in their companies are fake, right? Woops, guess you forgot about Joseph Maenza who is a real person and owns several businesses in Florida in addition to the condo that Exxe owns (and I posted hard proof of the paper trail). Or Duane Phillippi. He must be fake right?
Let’s do a calculation and put this “goodwill” thing to rest already! Take the 3 agribusinesses. The PRs for those deals say approximately:
Onyx: valued at $12 mil, 2018 revs of $5 mil
Dioni: valued at $9 mil, 2018 revs of $3 mil
Portlani: valued at $11 mill, 2020 projected revs of $6 mil
Let’s be conservative and estimate Portlani had 2018 historical revs at only $2 mil which is 33% of the projected 2020 revs and in-line with the percentages of the other two businesses.
So this means $AXXA likely values these agribusinesses between 2.3x sales (32 / 14), and 3.2x sales (32 / 10). This is actually right in line with valuations of other US agricultural businesses and averages, according to sources like MossAdams (https://bit.ly/389b6K5) and SDR Ventures (https://bit.ly/3ckmsOI).
So now that we can see the agribusinesses are well in-line for being fairly valued, let’s look at the financials from the filings and calculate goodwill.
Here’s one of the formulas (there are several) to calculate goodwill (https://bit.ly/2Ib2yrw).
Goodwill = (Consideration paid + Fair value of non-controlling interests + Fair value of equity interests) – Fair value of net identifiable assets
So it’s all right there in the filing, just do the calculation based on approximately a $32 mil valuation:
$25,758,100 (goodwill) = [$16,000,000 (consideration paid) + $16,450,782 + $35,366 ] - [1,240,985 + 5,667,063 ]
So what does this actually mean?
Since the agribusinesses have identifiable assets (like machinery, equipment, buildings and receivables) valued at $6.9 mil, but yet the business overall is fairly valued at $32 mil using a multiple of revenue it produces (that we discussed above), the remaining value has to be accounted for on the balance sheet with the instrument called "goodwill."
So take an accounting class, read a textbook or two, talk to an accountant who handles M&A deals - I dont care. But those who don’t back up their “goodwill” conjecture with accurate numbers & facts are just fooling themselves and others that they understand how this works.
Actually looks like Lowy's been involved on RELI for awhile now, at least a couple years, helping manage them and get everything lined up. Was just doing a scan of their filings quick. Totally different business, of course, but I like what I see! $AXXA
Looks like Lowy has recently started working with $RELI (formerly $EOMN) as well. Their market cap has grown 2.5x-3x to $248 million since Jan alone, which happens to be when Lowy was brought on board along with some other directors. I think this is a HUGE addition to $AXXA, Lowy seems to know how to tighten things up and get big players involved for serious growth!
Wow that's huge! I bet this attorney sure thinks nothing is verifiable...LOL!
You will soon see how mistaken you are. The sad thing is you'll probably stick to your same story and make excuses. No one wants your apology anyway, it won't mean anything. Ask yourself, how do you think I am so confident here? Could it make it through your little brain that perhaps I've verified everything the company has said but clearly realize I can't say anything yet without undue risk to everyone involved? I dont need to risk ANYTHING for those (you & Randy) who think they'll get the real story with vinegar instead of honey.
There will be a time in the near future where I will respond again to this post and it will be evident how truly ironic your words are. Noodle on that for a bit and see what you come up with.
I know that you understand this fine and you’re just trying to be difficult. Any state in which the company wants to raise money with this offering has their own securities registration laws so they must each be contacted for coordinated approval with the SEC. I would imagine a few months to complete this process is fairly normal.
How can a guy (you) who calls a company director to try and get him to sue his own company be trusted with ANYTHING?
Did you notice this line? They're basically telling you to screw off because they know what they have and the auditors are confirming!
"As we continue working with our PCAOB firm in preparation of filing audited year-end financial statements, we believe the inefficient market will move toward a more accurate reflection of book value."
$AXXA DD: Confirmation of upward trend in asset turnover ratio
Q3 financials show the asset turnover ratio (efficiency) CONTINUING & STRENGTHENING its upward trajectory, confirming that Exxe is successfully executing their huge growth strategy.
Q3 '18: $.586m / $19.785m = .0296
Q4 '18: $.719m / $41.323m = .0174
Q1 '19: $1.206m / $91.794m = .0131
Q2 '19: $2.610m / $137.102m = .0190
Q3 '19: $4.731m revenue / $166.587m avg assets = .0284 turnover ratio
The turnover ratio measures how well assets are performing over a specific period of time. Since the ratio is a snapshot of a single point, and acquisitions occur at various points, we use the average assets from the start to end of each period.
As pointed out by Rufny (thank you!), the German castle deal does not seem to be included in Q3 numbers, even though the acquisition was announced during the quarter. Look for this revenue stream to continue adding strength to the turnover ratio in the year-end numbers ending March 31st.
$AXXA $4.73m revenue for Q3 with $180m assets means the reversal in the asset turnover ratio is confirmed! This thing is growing into a BEAST! @exxegroup https://t.co/PexVQIDhyu pic.twitter.com/4OYBwcivn1
— Suits & Stocks (@Suits_n_stocks) February 20, 2020
Great analysis and projections! I like the way you think. And of course getting on a higher exchange should help this trade more on fundamentals. Which of course are growing!
I do hope he is in NY those days. If he is, I'm sure he'll be happy to see you. Can't blame him if he's already scheduled to be halfway around the world, though. He is the only officer that actually spends time in NY.
Good catch
Anything for you, Caveman!
Ugh why'd you say anything? Now we gotta be on Randy watch. You know "that guy" that just shows up without anyone inviting him?
Easily fixed with an amended filing. Shouldn't have slipped through but its ok, amendments serve a purpose. What doesnt serve any purpose is reaching, grasping for anything to fit your agenda since you clearly don't believe the company. Why are you here?
The PCAOB firm would be getting engaged beforehand (like now) and working with the company so that things are lined up right for when the year-end numbers are added in.
The annual financials are what get audited, not each Q. Its that way for every company. Year-end is March 31st, annual fins due 90 days after that, if there is an extension its 15 days. So end of June-mid July.
$4.73m / $180m. Get it $AXXA!
Yeah, he forgot to actually read the 1-A where the employee agreements were filed with the SEC and would have to be filed with the Investor Protection Bureau of NY since that's where the company is located. So when the Reg A is approved, his defamation will *officially* be put to rest, even though we've known its BS all along because Boris was never a defendant in any case in the first place! As we know, some people will just say anything to fit their agenda.
LOL. If newcomers don't even buy your ridiculous story, why would anyone else?
If I was a betting man, I'd make a wager that the Reg A is approved within 2 weeks from this coming Tues. Then 8ks should be able to be filed moving forward.
How many shares do you have and what's your avg?
LOL here’s one from 2015. Did you forget how to Google? You should have listened to OTC_Buyer about “Russia” haha!
https://medwelljournals.com/abstract/?doi=ibm.2015.1732.1736
You continue to spew unproven crap and I continue to produce facts & evidence. I don’t think it’s hard for people to see what your deal is here. $AXXA
Now Jack, I'm a bull too (obviously), but no need to pump. Real estate makes up about 1/3 of the assets. The Trump rentals are booked at $19 mil, and at the stockholders equity rate of about 65%, that means they should contribute .03 to the pps at the current share structure. $AXXA
You are free to share your perspective. And clearly your perspective can only see current reality "the way it is." Which is why I say "meaningless," because EVERYONE can see current reality. If you had anything useful for someone reading the board, I might appreciate hearing from you. In a previous conversation we had, you said you "did DD." I have no doubt you "did DD" in some form or fashion at some point in your life. But it was clearly a "one time event" for the way you choose to trade/invest. And that's your call.
For me, learning never stops, man. I do DD everyday, and I may have almost become a securities lawyer learning how Reg A offerings work (joke). I'm not an accountant, but I've been reading (actual books!) on how mergers & acquisitions can be structured, purposes of goodwill on the balance sheet, etc. My continual DD education opens up all kinds of conversations & opportunities to better understand what is likely to BECOME current reality. Have I been wrong before? Sure, we all have. But this is my edge because I don't trade for a living, so I force myself to keep digging, keep uncovering, even asking "how can I help?" I will never have all the answers for any company I trade/invest, but I've learned some incredible things about what $AXXA is doing, and also why certain milestones are taking longer to achieve than I originally thought.
Perhaps if I see conversation that you and others can move beyond just stating the obvious, I may feel comfortable sharing other thoughts here. Until then, feel free to chime in on this: Why does one daily berate the company if one is actually holding a position?
I've previously shown you proof (that anyone can find) of one of the assets that doesn't have an NDA and you continue to say they're "made up." You're way past the point of anyone believing you. I'm not upset and I'm not trying to change your mind (clearly wont happen), but others here may not have seen my previous posts of hard proof through the deluge of your meaningless words.