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LOL. You do realize that this was the address back when Cataldo & Phillips ran Telecorp, right? Before Exxe was even officially re-domiciled and merged in? So you’re thinking it’s been over 3 years and 2 companies that have been faking an address? Don’t confuse “legal address” with “million dollar Manhattan office.” I’m quite certain the 14 Penn Plaza address isn’t going to have a red carpet rolled out, and that’s fine by me. Less overhead, more assets. $AXXA
I would suggest you reach out to Boris ASAP to try and coordinate since it seems he is traveling a lot and clearly the other directors dont live in NY. Do you have his email or number?
My thoughts
I would imagine the highlighted section is what’s taking longer. Under Tier 1, each state where the shares will be sold has to be contacted and authorize, its kind of a messy process really. But that’s the upside/downside of Tier 1 vs. 2. $AXXA pic.twitter.com/01RLnGCy9g
— Suits & Stocks (@Suits_n_stocks) February 5, 2020
"It is always assumed by the empty-headed, who chatter about themselves for want of something better, that people who do not discuss their affairs openly must have something to hide."
I've noted this and will reply again after Reg A approval.
Don't be so sure ;)
Hey Mandy (Randy). Have you taken the time & effort to pick the brain of a real estate attorney and the owner of a m&a business? If not, let me help you out: disclosing the name (or even certain identifiable info) of the party with whom you have a contract when both parties have signed a NDA, breaks said contract. Sure sounds like $AXXA has very little incentive to "prove" anything to an anonymous poster on a message board when doing so would likely cost the company a contract.
However, those contracts without current NDAs are likely to be verifiable through the paper trail when you look in the proper places. For example, the Miami property obviously doesn't have a NDA in place otherwise Maenza's name wouldn't be directly tied to the company's Regent Investors subsidiary.
Indeed, will be fun
What I meant was good to see you here :)
Hey Caveman. Thought you were long gone by now.
OTCX was shorting, of course - I slapped earlier for 100k and it didn't move.
Nice! I checked in the morning yesterday and it was still "coming soon." This is going to be BIG. $PRFC
Got a starter today. But took me all day to get filled. THIN.
To my point - if your qualification for deciding the merits of this company rest on whether they get back to you on LinkedIn, you've already lost - I can guarantee your "conclusions" won't change, regardless of what they tell you.
Keep at it bud. Eventually you may get around to "boots on the ground" DD outside of what the internet can tell you.
Hello sir. You & I already talked about the DD we've both done here. I showed tangible proof for the Miami property (see link below), as an example of how the dots really CAN be connected. Your claim of "not one person here" stands impossible for you to prove, and possible for me (or any other poster on the board) to disprove, making it rather head scratching as to why one might say such a thing that doesn't even support their own argument.
Yet still, the other day we "agreed to disagree," because the INTERPRETATION of facts is subjective - nothing wrong with that. However, if one continues an argument on the basis of opinion over and over again after acknowledging that they will never agree with the other point of view, one might call said individual "unreasonable" and therefore discount most if not all of what that individual is saying.
My point: I have demonstrated VERIFIABLE PROOF of one of $AXXA's assets, and have NOT been beligerant or spamming said proof on this board or anywhere else - I believe that those who want to listen, will listen. What does it say about those who masquerade opinions or straw men as if they are facts, yet offer nothing more than then the present share price as their proof?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152747627
Perhaps we should both not make assumptions of the time & effort we've both invested having conversations, investigating with boots on the ground, and of course digging deep online - shall we agree to disagree?
If only you knew how to do DD
Stop thinking like an investor and more like a business owner: leverage. Yes, like OTC Buyer said there are tangible risks from uneducated or manipulative individuals getting in the way. And its not that “having your name on things” is inherently bad, rather, it’s the financial risk (or opportunity) of doing so. If you were running the show here, how would you leverage precious capital to sustainably grow cash flows WITHOUT crushing common shareholders through “bottomless pit” toxic funding?
What $AXXA seems to be doing is diffusing the risk through diversification of their financing and then structuring the deals with flexibility to gain more equity over time (upside) and protect invested capital from under or non performance (downside). As payments are made (much like a mortgage), equity allows the company to refinance or restructure agreements to cut financing costs and leverage that capital elsewhere.
While not all the deals are structured the same way, look at the VIP Digital Communities PR from back in March which explains how Exxe gained an $8 million asset for $1 million invested.
“A controlling interest value of approximately 8 Million USD of assets was secured by Exxe’s contractual commitments that included a number of notes with different maturity dates and installments payable over 24 months. The contractual agreement also provides protection of Exxe’s investment to be backed by the assets of the target company, with interest on the invested capital at 10%, this secures protection of the 1 million initial investment by Exxe Group. This structure protects Exxe’s principal investment if Exxe chooses to exit.”
Or look at something more recent, like the agribusinesses:
“DIONI was acquired through a combination of private equity funding, assumption of debt, and privately structured capital investments. Exxe Group acquired controlling interest representing a total of approximately $9 million in company-wide assets and approximately $3 million in 2018 revenue, which was secured by Exxe’s contractual commitments over a three-year period. Exxe plans to provide growth capital as well as a payout to the original owners.”
Starting to make sense? This deal has the flexibility to pay for itself in 3 years. And likely much sooner when combined with growth capital and the synergies of the other three agribusinesses that form a complete end-to-end supply chain. The company benefits from assets gained & immediate cashflow, the original owner benefits from gaining on the growth of Exxe, and we as common shareholders don’t have the risk of wondering how some greedy-ass toxic lender is going to get his shares as cheap as possible.
The Reg A offering is just another way to mitigate risk by providing a potential “cushion,” or accelerating the development & equity in the assets. It’s not all going to be issued at once and may not all be needed. Even if all 100 million shares were issued to long term investors, it would be 20% dilution issued at 100% of the current price. That’s 80% total upside from this level.
All of this is IMO, of course, but in the typical OTC environment of “dilute to hell, rinse & repeat,” I like my odds here.
That's a great way to put it, glad you thought of that analogy. And there's always a money or paper trail, even if its private. But this is literally the easiest one to verify - oh look, there's the guy's name in the disclosure statement. He received shares. Hmm, I wonder why? LOL
I’ve mentioned it for months now - you can find the pieces that tie things together - you just need to know where to look. That’s why it’s called DD. So if you can’t put it together with THIS, you should probably stick to “blue chips” and “big boards” and call your Registered Investment Advisor. $AXXA
Should I spell it out? Look at the list of subsidiaries in the filings. Exxe has structured agreements with the assets’ various parties that allow the company to benefit as the majority owner without the direct risk of having their name on things. Maximizing ROI while mitigating the risks. Sounds like shareholder value to me.
Link: https://i.imgur.com/cGRheIo.jpg%5B
Substantial. I like this too "...we anticipate closing at least one other similar but larger transaction sometime in early 2020."
Nice. About time.
Hey flash. Glad my analysis has been helpful, please share it everywhere you’d like. I put it together to show that no matter how much noise there is, things really ARE moving forward. Here’s my original:
https://mobile.twitter.com/TedWolfe72/status/1196879861610172421/photo/1
I've found & am finding plenty of hard proof, its there if you know where to look, although some is not easy to find. I just choose not to share it on here because there are obviously those who will misuse anything & everything, much like a certain discrepancy-laden poster did the other day. Ask him about that if you have questions.
Two things I know for certain - there is no earnings call and the OPTI info on that website is older than dirt. The only thing that matters now is when they turn off the faucet.
There's a reason they redomiciled last year from Canada to Delaware. Perhaps you should talk to an attorney about structuring real estate transactions. I'll give you a hint:
https://www.delawareinc.com/blog/what-is-a-delaware-statutory-trust/
$AXXA DD: No pump, just analysis:
Q2 financials show the asset turnover ratio (efficiency) just REVERSED it’s downward trend and made a HUGE PIVOT UPWARD on $2.610m revs & almost $153m assets!
This ratio measures how well assets are performing and producing revenue over a period of time. It’s not the ratio’s value that really matters right now, but the TREND.
Efficiency = Rev for the Period / Avg Assets for the Period
Since the ratio is a snapshot of a point in time, and acquisitions occur at various points, we need to use the average assets from the start to end of each period. Look at the last several quarters:
Q3 '18: $.586m rev / $19.785m avg asst = .0296 turnover
Q4 '18: $.719m / $41.323m = .0174
Q1 '19: $1.206m / $91.794m = .0131
Q2 '19: $2.610m / $137.102m= .0190
So what does this upward pivot in efficiency mean?
The company has now reported five straight quarters of both rising assets & revenues. Obviously, the rate of asset growth has outpaced the rate of revenue growth to this point, which is expected with multiple acquisitions. But this shift shows that revenues have started “catching up” to assets, or more simply, the company is successfully executing it’s strategy. As revenue streams are consolidated & grown within the various business segments, watch for further confirmation of this trend over the next six months with higher ratios in Q3 & Q4.
You didnt read the PR did you? The deals booked under "goodwill" are part of what contributed to the revenue growth. At the moment, goodwill looks to be contributing more to the topline than hard assets & receivables!
Use shareholder equity, which means .22 at current SS. Soon to be .25 though when TA updates to 398.
Learned how to spot undervalued, high growth companies on the OTC trading at less than 3x quarterly revenues?
Nice! And thanks for sharing proof of your communication.
Names of the subs and the company's various businesses are listed in filings and PRs, they are right there. If one expects to be handed every bit of DD on a silver platter, including inner workings of the company's competitive advantage, one might be better suited hiring a fin advisor & sticking with big boards rather than "getting their hands dirty" learning how to find info on high growth OTC companies and connecting the dots.
I suppose you would suggest they get a luxurious Manhattan office that can sit empty majority of the time so that opex can wipe out the modest profit the company is about to show? Sure, makes perfect sense, ha!
He won't respond until they're done with the share conversions - hasn't gotten back to me yet either. Another 7 mil shares added to OS this week. Still relatively low. Just need a week or two with no dilution and we'll get a good run here.
If the Q shows what I think it will show, I've got some good DD coming. But Q2 numbers have to substantiate first.
Was just going to reiterate this. They have not been sold, ie OS is still the same. Which according to the reduction will be 398 mil outstanding at the next filing. Which is coming out today/tonight.
Those that can see what the company is building, which clearly some can. Aka not ihub money.