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Current book on a worst case fully dilutive basis (which obviously isn't happening) would be .077 pps. But by the time this thing gets to a fully maxed OS, they'll have $400-500 mil in assets.
Well said
Because they are currently showing as a baseline assets (value at the time of purchase) as they are just now monetizing/incorporating them into the business and don't have them audited yet into hard assets. When they start booking revenue and show their "value" after several months, think how much more their audited value could be worth then the purchase price? They expect their real estate assets to grow in value, I don't think they would do deals for other assets or business segments they didn't think would have the same potential, right? Look at this tweet reply from a couple months back for context of their strategy:
"Eric, audits on both sides take time. It takes time & money. It's a matter of strategy, either we will take one asset & spend a few months auditing it or we aggressively acquire multiple quality assets and audit all of them. Audit is the goal; we cant do any faster, CPA is on it.
12:50 PM · Mar 19, 2019"
I don't have to tell you this, but more of a PSA: Pinks & OTC are the wild west for a reason. Meaning, it may take weeks or months to reach book value around .09, or it could be tomorrow. There's a lot of things that defy logic. IMO, don't expect immediate corrections but know what you own, have patience, and they will come! $AXXA
Haha thanks but I found out about $AXXA later into the run and bought the moass hype. My first buy was small, few thousand shares at .15 and I didn't sell half at double like I should have. So I'm long term on those and another buy at .05. Then I ran into cash flow issues and didn't have the time or money to buy in subpenny territory, unfortunately. But I feel confident with my 1.1 mil @ 0175 average. Looking forward to an interesting week to say the least!
99% it'll be uplist to QB. That's why they gave us the follow up tweets on their plan for audits awhile back so we know the uplist might not come til later this year (since QB requires audited fins). This fits with SEC reporting timeframe too. Plus getting to NASDAQ too early can be horrible - look at what happened with VERB. Longs got screwwwwed because CEO had to give away the farm just to get them there. Obviosuly thats a different situation entirely, but that example made me realize the volatility of the OTC could actually be what helps make investors the largest gains in the early stages of growth...$AXXA
Now that's funny!
A close above the 0325 or 0375 resistance would solidify it, huh? Haha
If you're still around here, you should probably load up on popcorn for the next week or two...
I think it will need another quarter or two of revenue growth to base at .30+. The $7xx thousand in Q4 revs show growth AGAIN over the $5xx thousand in Q3, but I think quarterly revs in the $1-2 million range will really show $AXXAs true potential to the market.
Yea we are in for some good times!
Exactly. They were 1/2 the assets last quarter. So the strategy the company uses to mitigate risk in funding the assets is moving forward and working great.
That's what I'm talking about! Big, big money when all these acqusitions are generating huge revs later this year and into next. $AXXA
I sorta kinda went in pretty heavy here ;) So I plan to lighten a little on the way up, but not today. Probably in a couple months with the next Q. Will still keep a core of 1 mil though.
Under their current alternative reporting standard, they are not obligated to file 8ks. In fact, they've already told us when to expect them to begin filing with the SEC aka "fully reporting." Perhaps you missed that PR from Dec mentioning "fully reporting in 2019" or the March 19th tweet mentioning "by Jan 2020" (which is by the end of 2019). To EXPECT their material events and quarterly/annual reports to be filed with the SEC right now would be one's OWN PROBLEM for not reading company communications and staying informed. Now if you don't agree with their strategy, that's a different issue - take that up with the company rather than this board which has no bearing on the company's strategy.
I agree that an actual 10k filed with the SEC would add more legitimacy here. But its insane to ask where their SEC reports are if they previously told you they wouldn't be filing them yet. $AXXA
No one is expecting them to be audited, company has told us as much.
Good one! Had you on ignore, didnt realize you were back in the game here. I'm sure you will profit well in the 2s.
Thanks. Don't think I'd utilize it enough for the fee, but good to know its there for the future if I have more time to trade.
Anyone know a way to be alerted when they're out so I don't have to keep refreshing the OTC page? LOL
Yeah, 4C/BQT was picked apart and sold and what was left became Menasat which has been losing money and not accomplishing much for years. I don't see how Falak's past endeavors in 4C or Laureate actually help add any credibility that they can make something of PSPW. Yes, Sharif has been running business for Falak for years, but what are you saying that I'm not seeing here?
You bet! But if you're expecting to see it base there PURELY on fundamentals, that time will come, in my opinion, around the Q1 report due Aug 15th or Q2 report due Nov 15th. $AXXA
Seems the same to me currently. But we were told via PR and personally I confirmed as well that they will be updating it.
Dang you must be up to 2 mil by now
I'm with you, this was more for just general knowledge of how the proccesses work that I previously didn't know before talking to the guy at OTCM.
Confirmed some info with OTC Markets. Reports can be posted anytime, included weekends and holidays and generally show up on the website within 20-60 minutes of being uploaded.
The OTCM team will review new reports in 2-3 business days, and any action needed is then taken (questions, need to submit amended, etc). The shell risk removal review is done by a different team of analysts, so once the initial review happens, assuming the company requests the shell risk removal (which we know they have), it is addressed then. Which just means that it will likely be at least 3 business days from when they upload the annual report to when the shell risk is removed. Just good info to know how things work. $AXXA
That's true, since it was finalized this quarter it probably won't show up yet. Might be some smaller deals included, so I'd say $40-45 million is still a decent estimate.
From March 19th:
"@Exxegroup's legal counsel completes and sends out a number of drafts for the new agreements to be reviewed by the acquisition targets. Once signed the deals should be included as part of consolidated yr-end financials Mar31'19"
Yes. VIP $8 million. Film festival $5 million. Hemp deal (personal guess) $7 million. Plus the "hard money mortgages/receivable portfolio" (personal guess) at another $5 million. That's $25 added to the current $20. Maybe another surprise or two in there, who knows. I'd rather be pleasantly surprised than have let down expectations haha.
Indeed! Revenue & asset growth in multiples will get this going. $AXXA
Not to beat a dead horse on this audit thing, but the somewhat confusing part on whether these fins will be audited or not stems from the fact that an outside CPA firm seems to be assimilating the numbers much like a CFO & his team would do. Doug Schiller is a "fractional CFO" aka CFO for hire which many companies use when they don't have an internal CFO. I confirmed with Doug about a month ago that he has not been working on Exxe's financials in about 6 months. I asked Boris about this and he said yes, personnel updates are coming which the company confirmed in a PR on the expansion of BOD & roles.
Whether these fins will be audited by a PCAOB firm remains to be seen. Poster dubz25 had intelligent remarks regarding what audits mean back in March that can be seen here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147380850
This is true - unless someone can get in writing from OTC Markets that fins must be audited to remove shell risk, than all should be good. I've asked for clarification from OTCM but have not received a response.
.08 - .12 which is $30-50 million market cap
Of course they're in a better financial position. Revenues are growing by multiples, as are the assets. Old notes from previous management are being paid down/paid off, liabilities are being renegotiated. Deals are being done that minimize direct exposure & risk for the company while providing recurring revenue streams. For specifics, see the 3 previous Qs in conjunction with PRs and several poignant tweets & replies. I've also exchanged a dozen emails with the company asking questions.
Will the pps exceed the .37 high from last year? You know that neither my opinion nor anyone else's here controls the price. But personally, I believe the fundamentals that will show in the Q1 or Q2 reports (periods ending June 30th and Sept 30th) will be sufficient to exceed .37 (a $152 million market cap at the current structure). IMO, the fins we're all waiting for will show growth but nowhere near the flexing they'll show later in the year when the $200+ million in assets & deals are generating revs.
It could possibly take some time for the price to reflect the strength of the fundamentals. My perception (whether this is true or not) is that MM algorithms "remember" having to supply shares all the way from trips to .37 last year when almost no one could sell to them. This has seemingly led to big time manipulation by both MMs and large retail flippers/shorters who have recognized patterns and do it because they can. That's why we must work together as a team and buy and sell at the ASK since upward momentum can take a lot to get going and be halted easy.
Let's all make boatloads of money from this company's crazy huge growth! $AXXA
Jenny's got jokes!
I am thinking I better stay focused on a company that actually has growing assets & revenues! But I stand by my call that we'll see an 8k in June...or perhaps July extension if they decide to file the 10k and previous late reports then.
My conservative opinion based on company communications are that we'll see a total of $40-45 million tangible assets and $20(ish) million in liabilities on the balance sheet for a book value of $20-25 million, implying a pps of .048 - .06 minimum. Again, conservative estimate on revenue in the ballpark of $1 million for the quarter, which would mean full-year around $2.4 million. Mark this post and see how far I undershot the numbers when they come out ;)
The super crazy revenue growth numbers should start coming in for the Q1 & Q2 reports, I would imagine. $AXXA
Yes, it will be soon. Obviously these annual fins will NOT include the $120 million in assets from the most recent PR since it's in the current quarter. $AXXA
Annual report for period & year ending 3/31 is due 6/30 or 7/15 with extension, but company said the following today in a tweet:
"We are ready on our side. If the accountant approves it, we will have it this week. We refrain to give exact dates until its posted. We shoot for this week, let's see."
L2 hasn't looked this clear in a long time! $AXXA
That's the deal I'm guessing they'll PR before the fins now that its a go