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Yes. Part of the plan to uplist to QB tier. By end of fiscal year (March '20) if not before. Requires audited fins which will be completed before that.
Not strange. The company decided just yesterday to have the results PRd and told us this in the tweet toward end of the trading day. That PR will come today, most assuredly. Then and only then will it show up in the news of your broker.
I've said it before and still looks to be true - the MMs algos for $AXXA are so aggressive from the run up last year when the float was tiny on the change over and they had to naked short to fill all the buying before the TLNUF shares were released. One could say this aggressive nature is true for the OTC in general, but I believe $AXXA is an extreme case. What this translates to is that without certain volume levels being bought on the ask, the MMs will more aggressively drop it down than they might for other tickers because of the past action that has been programmed into their algos. A "large" holder (relative to the current volume at the time) that's selling can play right into this as can our channel traders and flippers throwing their 500k-1mil ask walls. In my opinion, the MMs will continue this until they reach certain share or profit levels needed to "right" their ships from the beating they took last year by making the market this way, or until greater sustained buy volumes forces them to switch their algos, etc. I could be totally off here, but one can clearly see how manipulated this has been over the last 12-15 months.
FYI brokers don't post filings - they only show "news" if a PR is released. $AXXA could release a PR detailing the fins & results (which I've heard is being considered), but otherwise the OTCM website is the only place to find the filings/fins for a Pink.
Was this confirmed to you within the last 24 hrs or just a guess?
Last quarter, which was year-end, $AXXA had $65.3 mil in assets, $27.5 mil liabilities for total shareholder equity of $37.7 mil. Revenues for Q1 last year were $348k, and for the year were $2.1 mil.
For the first quarter ending June 30th, they've got $121 mil in assets, $40.8 mil liabilities for shareholder equity of $80.3 mil. And revenue of $1.2 mil. Read that again - almost 350% revenue growth Q over Q! Stated another way, 60% of last year's revs knocked out in ONE QUARTER!
https://backend.otcmarkets.com/otcapi/company/financial-report/228667/content
If you're referring to a PR announcing these fantastic financial results, perhaps you could direct your question to the company. If you are referring to the 3rd party research report, it is not being released by the company itself, therefore there is no scheduled time, rather, when the firm is finished and releases it. Would obvisouly like it out now to pair with the Q, but its the independent analysis that will make such a powerful statement, hence why the company is not in control of when it comes out. $AXXA
Mod please sticky this. Top notch summary, OTC! Everyone should see this! $AXXA
Yes $AXXA book value now .19!
Wow I missed a lot last 5 hours
That's not entirely true. No, the company hasn't sold shares into the float and "diluted" in the traditional sense, but there have been debt conversions that have hit from deals done by previous management prior to May 2018. This includes a 29 million share increase between March and July. One may see this as fairly inconsequential in the big picture, like I do, considering the current $100 mil and soon to be $200-250 mil in assets the company has amassed using longer term & shareholder friendly funding. For example, here's how a few of the recent $AXXA deals have been funded:
Hemp deal:
"The acquisition is being funded using a combination of partner private equity funding, debt, preferred stock and limited personal guarantees of Exxe Group principals."
Alt-Asset Investors App & Club:
"Transaction Details: Private Investors Club will be acquired by Exxe’s VIP subsidiary through an acquisition vehicle and will be structured through a combination of private equity funding, debt, and limited personal guarantees to limit investors’ liability exposure and maximize shareholder value."
VIP Digital Communities deal:
"The acquisition, valued at $8,000,000.00 is structured as an installment purchase. This allows Exxe the flexibility to add a major scalable tech and social media asset in synergy within our current portfolio holdings."
Implied pps for estimated $47-48 mil stockholders equity on estimated $78 mil assets would be about .11 - .13, but even the current implied pps of .09 (on 38.5 mil equity) is obviously not being reflected. It's the unknown upside of the research report that holds the key to "legitimizing" the unaudited fins at this time. All IMO, of course. $AXXA
That would be more than 150% revenue growth over Q4, *a little* aggressive for deals that are just starting to produce in the same quarter they're closed. But I'm confident we'll see about $1 mil in revs. Assets likely $70-80 mil, but perhaps $100-110 mil if other deals were actually closed by June 30th but announced in July or not announced at all yet. Mark this post and check on Tues, bet I'll be close! $AXXA
Morning! Our time is indeed coming. Also, slight grammatical adjustment :) I know you sincerely mean "on, longs" as in it is directed towards us longs. But those who don't know where you stand may take it as "keep pressuring longs with fear, uncertainty, and doubt so that someone cracks and sells into my bid." Which of course is not at all what you meant. Not trying to picky, just want the new eyes here to know we've got a great team of long term supporters.
Tis true, .50 could be here sooner than we think. Personally, I say between March and July '20 after the audited 10k for fiscal '19 year-end. But hey, who knows ;)
And FYI, the float is closer to 270 mil: 240 mil a/o March 31st annual report + April, May, & June OS increases that we have to assume were sold into the float for debt conversions, but no OS increase in July. $AXXA
As are we!
No need to troll, man. Have a great day. Outta here!
...of around $31,000. Anyone want to translate Shala’s fins into English? Can’t exactly tell which line items are which.
http://www.qkb.gov.al/umbraco/Surface/SearchSurface/DownloadDocument?documentCode=DB766C1D-224E-4E39-A64D-32CD045976D0
Apparently, Shala Energy Sh.p.k. (parent company) made a PROFIT in the 2018 fiscal year haha
http://www.qkb.gov.al/umbraco/Surface/SearchSurface/DownloadDocument?documentCode=298FF6D9-1DE6-4699-BFAA-1EB54C9AA1B4
AXXA
Yes. Seems like we go over this every quarter: AXXA is currently on the pink sheets, thus we follow pink sheet requirements (not SEC) until that changes. This means Aug 15th.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149814828
Its only brutal if you don't know what's coming in the next 2-3 weeks.
LOL is the ask really .98? My L2 must still be messed up from this morning. Might try buying 10 shares at .98 to see? Haha.
What? Also, did you slap for another 50k?
No thoughts, Atom?
Its called a strategy adjustment. If an independent research firm was about to validate all deals closed to this point, why close anymore until everyone believes you first? At least, that's what an intelligent business person might do, in my opinion.
I bet there are plenty of reasons that probably have to do with risk managment until reaching certain milestones, if I had to guess. Plus you do know Cohen owns 50 mil commons for the tech & IP he brought with him, right?
Either someone fatfingered .0022 instead of .022 as they changed a sell order, or it was done intentionally to manipulate and get shares lower. Saw it happen last year on the high side at 1.32.
LOL cover shorty cover!
Haha thanks. You'll likely stay ahead bc I am fresh out of powder for awhile. But sounds like congrats are in order! Cheers!
Doesn't sound like the facts are an issue but rather what those facts mean with the currently available information. That's not a dig at you, its a statement on perception and whether we should seek more info to make a clearer decision.
For instance, perhaps there were signatures needed on a deal before they can release said PRs in question. Boris has said before they won't mention things in a PR unless its certain so they could have had them prepared ahead. Or maybe they decided to make a change and put certain info in the upcoming shareholder letter that needs to be released before other PRs can. Or maybe he is really holding back good news. The point is we don't know - have you asked him why?
Same thing on the dilution. Yes, the OS count has increased 7-11 million each of the last several months. Maybe there are debt conversions hitting, maybe they are closing deals with equity that will yield multiples in assets or revenue for what those shares are currently worth, maybe both. I like calculations on a fully diluted basis anyway because it gives you the "worst case scenario." 500 million shares into $110 million assets is still .22 pps. Again, have you asked Boris why the OS keeps increasing?
MY perception is that these scenarios are the reasons why the tweeting has not been helpful - it poses too many questions as to the company's intentions rather than actually clearing them up. Personally, I don't question Boris' intentions based on the public and private communications I've had with him, but again, reliance on tweets alone may not bring someone to the same conclusion as me.
Thoughts?
Speaking of which, have I caught up to you yet with my 2.2 mil? Not that its a contest or anything ;)
Yeah he took care of business quick this morn. And I'm sure you're aware, but they can't file 8ks until they file their registration with the SEC, which will be the warning shot.
Dont worry, they're not gonna hear another peep from me. I'm done.
Attroney letter, he's on it
So we can agree then that the company HAS followed through on major items they sey forth and has time to complete others within the boundaries they previously set? Because your comments in question were to the company following through on things, NOT why is the pps so much lower than its inherent book value. They are related, but there are other factors that play into the pps as well.
Reading opens doors. If you read the $AXXA PRs from Dec '18 to present you will see the company following through and timelines for what has been and yet to be completed...
7/2: Announces shareholder letter to be released the following week. THIS HAS 3 DAYS YET TO BE ACHIEVED.
6/17: Review of results exceeding expectations which include:
-Announced in Nov & Dec '18 that the company's planned acquisitions would be over $100 mil. THIS HAS NOW BEEN ACHIEVED.
-Announced in Dec '18 that shell risk designation would be removed when March 31st year-end fins are posted. THIS WAS ACHIEVED.
-Announced in Dec '18 they will become a fully reporting company in 2019, and on 6/17 it was added that the company's first fully SEC compliant financial report will be filed for the March 31st '20 fiscal year-end. THIS HAS 6-9 MONTHS YET TO BE FULLY ACHIEVED.
-Announced in Dec '18 that company will uplist to higher exchange (QB) in 2019. This requires audited fins. In Dec the company started engaging auditors, in June we were told that in the last quarter they "received advisory services from several PCAOB auditors in connection with structuring our current deals to comply with auditors requirements." THIS HAS 6 MONTHS TO BE FULLY ACHIEVED.
Tweeted several days back that they'd like to get it done by end of July but there's a lot to go in it...
No takers yet haha
$AXXA is currently alternative reporting on OTC Pink, so they follow theses guidelines which states 45 days for quarterly.
https://www.otcmarkets.com/files/OTCPinkGuidelines.docx