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Reg A is an offering for shares, meaning, new shares will be issued. The key is this allows them to issue at .03 which is 50% higher than today's price, rather than toxic financing which generally converts at "x% lower than the lowest bid in the last 20 days of trading" or whatever.
Because he's on the bid.
Should be 6-7 mil between the 3 of us, right?
Lol if that was to Askschleg
These are the growing pains - as the company grows, better controls and communication measures need to be put in place. The Reg A stuff has led to delay in proper registration with the SEC in order to file 8ks which has led to the TA not acknowledging the SS updates yet.
Have the fundamentals changed? No, the deals & the DD are what they are. Could the fallout aka share price slide from said delays have been avoided? Perhaps, if there weren't expectations set and then left unmet. Thats where the growing pains come in - as things progress for the company, so does the size of the potential impact to the company's reputation, both positively as these expectations are timely met, or negatively if untimely met.
Will the company get Reg A, SEC, and TA stuff cleared up? I personally have no doubt! They've always done what they said they would, albeit sometimes it takes longer. But the forward looking communication via Twitter, even though the SEC says its ok, and it can be fun for some of us - I have voiced my concern to the company that it has become more of a liability than an asset because they are forging ahead and encountering situations they have not seen before and communicating forward looking statements at the same time. This can obviously lead to unmet expectations if there are unknowns that cannot be controlled, or a learning curve that comes with new territory. Thats not an excuse for poor effort or execution, but so far, the company has shown nothing but hard work and diligence in completing their objectives IMO. I'm going to give them some grace in getting things cleared up and move forward. $AXXA
Great question. You seem to be locally paying attention - good to have boots on the ground. Completed & operational "in" 2021, not "by," so there's time. Lets look at the most recent disclosure. Peter's shares vest in three phases, so lets start with the first phase: "closing the purchase of 38 acres of waterfront land." Well. Is Peter's name, his business (Site Design Associates), or one of Exxe's subsidiaries shown as an owner of any land in Newport or Washington counties? Hmm, can't find any. I suppose it could be listed under a 3rd party name to protect privacy. But I do see a rather large tract of waterfront land that's been for sale for a year and a half and is now "under contract." Its more than 38 acres so who knows, but I bet if you keep your eye on land transactions we'll see be able to figure out when things close. It’s not rocket science, just DD. Thoughts?
If you know where to look and how to put the pieces together, you can find the DD you're looking for. And I know, because I did!
Think what the company's perspective might be like: they've made dozens of acquisitions with agreements in place between parties that mitigate the direct risks to the company while maximizing shareholder value of these assets as they develop sustainable cashflows. Now, along comes John Q Pinky Trader who knows he can scalp shares on the bid with fear, uncertainty and doubt because "Hey, isn't that how the OTC works?" So said trader blasts some emails to the company demanding to see proof "and if you don't show me the details of how your business makes money then I'll know this whole thing is a scam."
If you were in the company's shoes and got a request from someone you didn't know if you could trust, what possible reason would you have to show the innerworkings of what makes your business competitive? And perhaps even void some structured agreements in the process by breaking NDAs or opening up other parties to uneeded badgering for info.
Read the acquisition agreements. They mention basics of how the deals are structured & paid for and generally how it works to the company's advantage. If you have questions beyond that, dive into the research report since the company opened up their books to them, or better yet, learn how to do more effective DD and find the information you want on your own without putting trust or credibility at risk. $AXXA
I couldn't resist some of these 013s!
No. It means there have been no conversions in Oct, as in “we haven’t even processed one conversion.” Do you understand, or are you trying not to? The 10 mil that hit & was disclosed in Sept was from an old note. What he was referencing was thanks for the reminder that there have been no other conversions outside of that one since June.
I've never had to look through my post history and question my own credibility. What are your thoughts?
I’m sorry rudy, did you say something? I must have missed it, fill me in please.
LO-freaking-L! Thankfully your gut doesn't have any bearing on the company's success.
So by my calculations, $1.75-$1.8m in Q2 revenue would be that pivot point based on the avg assets from the quarter. $AXXA.
Revenue growth is the key to making that happen, not just assets. Getting off the OTC too early can be catastrophic. Look at VERB; CEO sold the farm to get to NASDAQ without appropriate revenues to support it and longs have paid a heavy price and may never recover. Here at $AXXA, it looks like "the market" wants to see revenues growing at a quicker pace to support a sustainable trading range anywhere near the true book value.
Revenues are growing and its fantastic! But we're in the "growing pains" phase because one can expect there to be a lag from the time of asset acquisition to the time of optimal asset performance. Quarterly asset efficiency (revenue over average assets for the period) has been trending down the last two quarters since so many acquisitions have closed. Again, this is expected and easy to see. But when the trend levels out or starts breaking upward - watch out! I think this thing could race up to book value pretty quick.
Dude you know they’ve been doing preferred shares for all the deals & raises this year. The common shares that have been issued this year are for conversions on debt issued last year or before. Look at the disclosures. The company can’t just not allow noteholders to convert, but they CAN issue debt that is less harmful to common shareholders which is what they have been doing with the 2 and 3 year restricted preferreds.
Read the updated disclosure from 9/25. It shows 10 mil was issued to Mammoth on 9/9 as a subsequent event. Several days ago I posted about how you can look at the tape and see those have very likely been sold into the market. We only see an update to the OS once a month, but obviously the company knows exactly when noteholders convert. So on 9/27 when he tweeted "...we will rebound because of no new shares..." (among several other things he tweeted), and the disclosure had posted 2 days earlier, one can surmise that he knew those 10 mil were sold earlier in the month, so all is good.
Here's my post from the other day:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151363985
You can buy the ask and still get a good deal, you just have to be watching for it. Over half of my 2.2 mil were from 4 large slaps stealing the channel trader walls at .0123, .0138, .014, and .0143. Paying literally a few dollars more is worth it when you steal from those that hold this down. Bid sitting won't do that! $AXXA
I'm 99 these shares have been sold into the market already and are a mute point.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151363985
The reality of message boards in general is that you can almost never truly know a poster's motives, which is why you should NOT trade solely on what someone says. Over time you can begin to pick out who provides value and who doesn't. But even then its tough to weed through noise sometimes. So when a new poster with a days old account shows up asking for advice (which is fine as long as its done within TOS), many will naturally assume said poster is trolling for their own agenda or too incompetent or lazy to do their own DD. Hence why you may have received some of the responses that you have.
If I do have a piece of advice it's this: learn to do effective due diligence and add as much value as you can when you post and you will generally be respected as we all make money together.
All that being said, glad you are here!
I don't disagree with you, I just prefer to be very conservative. And then its a whole lotta fun if you get pleasantly surprised :) I've been quite close on my estimation of results the last 2 completed quarters (you can look at my post history) so I feel pretty confident here!
Not here to give advice as everyone has to decide for themselves if & when to buy and sell. But if you've really been looking into this as you've said, you've likely read the shareholder letter and the research report that both lay out the company's strategy for building a "mini-economy" of at least $250 million in revenue generating assets.
If you’ve taken the time to read the financials, you’ve already seen the company has been executing and has grown assets & revenue quarter after quarter over the last five. Fiscal Q2 that ends tomorrow 9/30 will not be any different. The results will show at least $152 mil in assets (confirmed by their acquisition PRs), an ESTIMATED $98-100 mil in shareholder equity (which you can calculate using their own historical numbers), and an ESTIMATED $1.75 mil in quarterly revenue (which you can calculate as a conservative figure using their own historical revenue growth rates).
Couple that with a reduction in the OS & AS (now 378 mil & 440 mil, respectively), becoming a voluntary SEC filer as of this last Fri, and audited financials & an uplist to QB tier happening within the next few months, and you tell me - do you think investing in $AXXA will be worth it?
$AXXA stockholder equity for Q2 now equates to .26!
$10m (DHE) + $12m (Onyx) + $9m (Dioni) multiplied by .66 (historical rate of impact to stockholders equity) = $20m.
Add that to the $80m S.E. from last Q and divide by the REDUCED 378m OS = .26!!!
Will be OTC QB rather than OTC Pink. The most pertinent requirement for QB status is audited financials. Hence why those must happen before or at the same time as the QB uplist certification. $AXXA
Great day for some slapping! Won't be able to do 400k blocks like I did in the 014s but everything helps ;)
Well that settles it then!
We are on the same brainwave haha
I gotcha, thanks!
Good find brother! However, I'm wondering why neither "Exxe" nor "0001789383" is showing up on the main SEC site as of 8:05a EST? The link you used also shows fiscal year end of 12/31 which we know is actually 3/31. Is this a "false positive" from old information or is www.edgarcompany.sec.gov the database that gets updated before the main www.sec.gov site?
https://www.sec.gov/edgar/searchedgar/companysearch.html
If you look at the historical volume from 9/9 forward, its highly likely those 10 mil have been absorbed already, even at 30-40% of each day's volume. The big bidder last week that kept reloading 500k-1mil surely took anything that was left at that point. Onward & upward! $AXXA
You and me both, brother
Keeps getting more exciting!
Lol yes it has been, for those that have been here longer than a week. The "verified profile" drops off after 6 months from last verification. All company has to do is contact OTCM again to verify.
However, that comment has nothing to do with what I referenced which is SEC registration. OTC Markets is a business that makes a profit allowing companies not traded on a larger exchange to provide info to investors via their platform. OTCM has nothing to do with the SEC which is a governmental agency.
Y'all are ridiculous. An 8k (or any periodic report) cannot be filed until the SEC recognizes the company, which it has not done yet. If you have a question or concern on the timeline stated by the company, I would suggest contacting the company directly (info@exxegroup.com).
Until (and possibly at the same time that) Exxe Group is listed in the search results below, they cannot file an 8k.
https://www.sec.gov/edgar/searchedgar/companysearch.html
Lol. I added :)
Also, 8ks aren't "audited" per se, its just the numbers that are. The tweet was referencing the fact that deals will be announced via 8ks while in preparation to have the numbers from the deals audited. $AXXA
Guys, the Form 10 will be the sign to look for (obviously). This signifies their registration with the SEC. And then 8ks and subsequent forms can be filed. $AXXA
Spot on, great explanation! And the manipulation of downticks on buys is easy to spot on L2, happened a lot this afternoon.
I was just thinking that! Primed if it stays this undervalued for too long. $AXXA
Man, what'd I miss this afternoon? Haha $AXXA