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Good grief, sure, whatever. Totally meaningless ??
I see they last filed an 8-k in 2008. Where are you looking?
The true comparison is market capitalization. PURA is approx. 6.5 times more valuable. No good reason why.
OTC:
A Shell Company is a company, other than an asset-backed issuer, with no or nominal operations and either 1) no or nominal assets; 2) assets consisting of cash and cash equivalents; or 3) assets consisting of any amount of cash and cash equivalents and nominal other assets, as defined by Securities Act Rule 405 and Exchange Act Rule 12b-2. SEC reporting companies designate their shell status in their periodic filings.
Shell
The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings.
Shell Risk
EXXE:
$AXXA @ExxeGroup Shell RIsk(SR): We've complied with everything OTC requested from us to remove SR desigantion. it's based on last year #'s, Exxe was never a shell. Significant increase in assets/revenues qualifies us to have designation remove after our yr-end filing Mar 31,2019
— Exxegroup (@exxegroup) February 22, 2019
You’ve got the gist, you just seriously underestimate the time it takes. It’s not just a single internal accountant helping an external auditor to review documents. Depending on the size of the company in terms of people which typically scales with financial complexity the time and resources used to complete a first year audit would require more than just deciding to do one and the wherewithal to afford it.
Check this out:
https://www.pwc.com/gx/en/audit-services/publications/assets/pwc-understanding-financial-statement-audit.pdf
I think this would be a very complex audit.
An audit for any existing company small or large is a huge undertaking, respectively, that affects every aspect of the company from lower level to upper management that they have rightly planned on tackling within the year.
Once you get into the motion of having an audit performed on an annual basis you can tackle it as part of normal business operations.
But you don’t just go out and have an audit done for the first time, it is planned a year in advance unless you are a brand new company/organization. I’ll bet they have been working with auditors for many months already to audit the current year financial statements.
My comments are based on my experience.
Thanks for pointing out the obvious then. My bad
Absolutely, if you look at my posts from last week, I told you all week the financials would be released at the end of the day Friday. Sure enough. They are consistent and therefore reliable. Always reliable. I’d say they are credible too since the financials are consistent with all the updates over the past year. It is a stretch to say they are not credible. If an audited financial statement shows otherwise then I would begin to question credibility.
I don’t know if you understand what happened last year. Now and then are not comparable. There will not be a second occurrence of what happened last year. Period
On what grounds? Please be detailed and specific.
That’s so AXXA!
Well I won’t say I told you so but this is exactly what I said would happen.
It’s not hogwash it’s absolutely true. They do this every quarter.
You’ll see it happens in February. You’ll see it happened in November.
I wouldn’t be the least bit co concerned if they missed tomorrow’s deadline because they did that before too. Financials were ready for weeks and deadline came and went. People complained, the CE went up, financials were released and the CE came down.
Y’all need to relax and have confidence in your decision to invest here. If you can’t sleep you should sell.
I think annual financials could most certainly be audited if they hired an auditor.
That is typically something that is planned a year in advance for a first time audit because beginning balances are just as important as ending balances. Auditor must substantiate beginning balances to present an opinion on ending balances. Audited quarterly financials are not required, would be time consuming and expensive. That would not add any value.
Lots of crying here today.
It would be very out of character for the company to release financial statements before the trading day. Very good chance they are released after the trading day. That would be an AXXA like thing to do.
If that’s the case, get ready for more crying tomorrow.
Maybe you’ll understand this...
The company tends to mess with people who are waiting on PR’s and attempting to time a financial statement release. They’ll say by the end of the week but what they really mean is next Thursday. They’ll say financials are really good but then 3 weeks go by before they finally release really good financial statements and the excitement wore off.
That’s the company you have invested in. Maybe it is the wrong investment for you. But this is what they do.
I think AXXA is building an interesting company with lots of potential. And I appreciate the slow and steady growth. Sometimes it all sounds too good to be true but they always follow through. They just do weird things to mess with people. And I understand that makes no sense to you but if you stick around you’ll watch it. It makes sense in light of their stated frustration with flippers trying to make a quick buck. So much so I expected the financial statements last Friday before the 3 day weekend and after hours. So much for that.
What does it matter what the share price is today? Or tomorrow for that matter? The only price that matters is the one on the day you choose to sell. The company has stated that it cares about its long-term investors.
My opinion is informed by the past actions of the company. This is their MO. They always follow through.
Hey welcome to the board. How long have you been invested here?
They will deliver and it is likely the timing will be unpredictable - that’s how they do it. If you’re lucky it won’t be at 4PM ET on Friday.
Thanks for your opinion though - it was most certainly uninformed, but appreciated nonetheless.
Happy Flipping!
The company had been actively fighting against the flippers. They put out cryptic messages to make it more difficult for flippers to time it. That is also why lots of PRs come out on Fridays and late in the day, to stem monster fluctuations. I take it as a good sign that company is extremely confident they are building long-term value.
Apparently we are fools for making money. Up 300% in 6 months and the ride is still warming up!
What a horrible decision we made $AXXA
Yaas!!
Rudy? You there?
Ridyboy, How many times have you predicted in the past nine months that this was headed to the trips? How many times have you claimed dilution or that this was a pump and dump?
All of your accusations are still wrong - you are the last person who should be pointing fingers asking for explanation.
Wrong board
If this company doesn’t care about pps why the rs? These are not the drones you are looking for.
Why?
Damn that’s hilarious!
OMG you guys, for this company to trade at $90 per share it would be valued at $47 trillion. Yes “Tr”.
Let’s keep it real, shall we? I’d say for a single fully functional 10 acre property owned outright without debt under current share structure receiving market rate rents, shares may be worth .01+. Not factoring for bubble pricing. *pop
Where can I find more info?
0.006 right now would be AMAZING! I would load again so heavy at that level. Fingers crossed, my position may double! Up or down from here - Love this stock! It just needs volume.
AXXA will prevail - it has done this a few times already. Annuals coming, news coming. Don’t listen to the lying fake people, they know what they’re doing.
Cmon, There are many factors that contribute to share price - you’re way too tipsy
What else do you see in that crystal ball?
This is not true, I practice skepticism. My faith is not blind
Can you please elaborate on “don’t trust what this company says” in the context of what you shared about short volume decreasing?
To me it makes perfect sense that short volume would decrease as the share price drops... so where does your distrust of the company come from in terms of your chart?
Best I can tell the company hasn’t said anything about shorts in over a month so your comment doesn’t make sense to me. Further I’ve held shares here for over two years and made lots of money. I like this company because they are reliable so that comment of yours doesn’t make sense to me either. Please explain.
More dilution?
Haha “I sold the other day because someone keeps selling”
SMH
Will you please look at a 3 month chart?
By the sounds of your comment you are trying to flip. Perhaps AXXA’s strategy is working when they got mad at flippers in December and began trying to confuse them.
Leave it to AXXA - haven’t seen a stock first mention possible investment in CBD and stock value goes down 4 out of the next 5 trading days.
Yes, exactly. What moves stock price is potential for future income and positive future outlooks. Exxe is full of positive developments and future prospects. So far as I can tell they aren’t lying about it. They provide regular updates, respond to investors and follow through on responsibilities and commitments. This is the right place to be and it could very well be the exact right time. We’ll see!