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Hi Mad. I would suggest digging in to the DD a little more here to get up to speed. An uplist can't occur before the "Shell Risk" is removed. While Exxe's business is obviously growing and $AXXA is not a shell, OTC Markets will not remove the shell risk until the year-end filing for the period ending March 31st 2019 shows increased assets & revs (which the last 3 quarterly reports already show). The year-end filing could come anytime from April to end of June (90 days is typical for the annual).
Longs aren't concerned about next week. Only flippers. $AXXA
Yes, shell risk removal is at OTC's discretion, and they have made it clear to Exxe management that it can happen after their annual filing shows significant increase in assets/revenues.
In regards to auditors, I misspoke. What I should have said was that the CPA will be auditing the fins for all the subs, and I'm betting they will not be completed and ready to file in the annual until end of June/beginning of July. They may tell us in a PR or tweet that they've achieved their goal of $100mm in assets by year ending March 31st and have such-and-such revenue, but assimilating the fins is likely quite time consuming for assets and businesses they haven't previously owned. I hope I'm wrong and its earlier like April or May when we see the filing, but lets not get up in arms however if its a full 90 days.
Either way, it sounds to me that we are truly undervalued right now! Let's see if I can dig up some more powder...$AXXA
Not sure if that was sarcasm, but their opinion of a projected share price doesn't have any relevance. They've already given us a roadmap based on the projected assets and revenue increases. And it sounds like a lot more to come as the year goes on. Now we need to continue seeing those increases in the filings like we have been (last 3 quarters, revenue has grown around 23% each quarter). The VIP deal should start showing some major revenue increases during the quarters that end June 30th and Sept 30th.
Audited fins are likely to come the full 90 days after year-end, so end of June is what I'm expecting. They may release the numbers as soon as they have them, however, the PCAOB auditors approving those numbers are what's going to remove the shell status and enable an uplist, at least to my understanding.
I emailed the company today about this and a few other things and recieved a prompt reply with a little info, however, I was encouraged to continue our conversation next week after they're done traveling. So I will call next week and share any findings. $AXXA
Good news today! And somehow we're still under book value haha. We'll have our days, they are coming. $AXXA
LOL. Each will have their day. One perhaps sooner than the other.
What I miss today? Lets see...VIP closing tomorrow. CBD coming soon. Churnin' the 2s.
Something tells me that 52 week high is gonna get tested eventually! $AXXA
Indeed! We will win here together! $AXXA
Signing VIP this weekend! $AXXA strong!
They're not SEC reporting. But they will be uplisting (likely QB, perhaps higher) when "shell risk" comes off after the March report/annual. The next catalyst is a PR announcing completion of the “VIP” acquisition which is valued at $8mm and will quadruple their current revenue to at least $5.5mm for 2019 (according to their current revs from the last 3 quarters).
Mods, please delet my post #84532 so as not to confuse this stock to the one I’m referring to in that post. Thanks.
Dip op! $AXXA
If this is true, then you shouldn't have any trouble being patient. Yet...
Calling an 8k next week? :)
Just another play that's primed to run so I can use profit to add PSPW shares. Check post history if you care, otherwise lets see how Falak plays out the funding...
We'll get there over here too, although we may not know right away. But the time value of money, you know...
LOL no need to pump when you have a company producing like this. When VIP deal is complete, book value alone puts the pps at just under .05. Now take the full $100mm in assets in the pipeline expected by end of the quarter plus at least 400% revenue increase for the year and run those numbers...
4x revenue growth AND 5x asset growth this year means the numbers look good no matter how you slice it! $AXXA
https://www.otcmarkets.com/stock/AXXA/news/Exxe-Set-to-Quadruple-Revenues-in-2019-With-Its-Entry-Into-VIP-Digital-Communities-Space?id=218420
https://www.otcmarkets.com/stock/AXXA/news/EXXE-GROUP-ANNOUNCES-THE-STAGE-IS-SET-FOR-ACCELERATED-GROWTH-IN-2019?id=216853
You sure? To me it just looks like a random website that aggregated info and doesn't make any sense. I could be wrong though.
Good morning! Some major green ahead! $AXXA
LOL he means the crap that iHub itself promotes, not us posters
You know it Wakl! Lets make some $$$!
What a close!!! $AXXA
A VIP acquisition PR would send us off right about now! $AXXA
Awesome! Great to have you over here! Unlike our other one, these guys have MANY deals in the works with a plan to grow assets & revenue, and are happy to communicate with shareholders. Win-win! $AXXA
Thanks, and you are right - the rubber must hit the road. I'm in another play right now that IS BUILDING (their business, not a dam). With assets and revenues too haha! Should hit pretty big in the next few months, to which I'm planning to bring some profits over here. We shall see if I can sneak in under the wire before the Dubai Boys actually get things done ;)
It's the new eyes that follow!
I still can't believe its trading so far under its book value of .026 pps! If I wasn't already loaded as much as I could afford, I'd be jumping at the chance to buy down here before the market truly catches on.
$20.2mm assets minus $9.4mm liabilities from the past quarter puts it about $4.8mm under book at today's market cap. With up to $80mm more assets coming on board this quarter, this is a value investor's dream!!!
He & I had a brief conversation via email last Aug after I sent him a LinkedIn message. He's filed some of their Albanian filings and bank documents. I told him I was having trouble communicating with Sharif and asked if he would send an email to him for me, which he said he did. Of course, nothing back from Sharif though haha.
This is great! Thanks for the info. Would be nice to see PPAs eventually for whatever countries they will export to, but this will help set "best case" scenarios for the revenue stream once we see the financing terms.
$AXXA Higher lows...you know what that means
There will come a point where the float in the hands of longs and buying pressure will require those flipping like you describe to do so at much higher levels. Just because its "obvious" doesn't mean everyone wants to flip it or has the powder to make it worthwhile without substantial risk.
So that's your loading wall, then? Haha. It doesn't matter what happens tomorrow or next week - this is a buy and hold for 2019. Revenue is set to continue increasing EVERY quarter.
Give it time, we'll bounce hard. Float is getting into tighter hands.
It is being manipulated in some capacity. All of my buys yesterday were on the ask, and twice they filled me to 5 decimals.
Mind sharing your math?
And with the EPS of that scenario and the sector multiple, I'd say a MINIMUM pps of .31 to .40 by Q4 this year or into Q1 next year by the latest.
62% profit margin. $365k income from ops (excluding the one-time reduction of debt) into $586k revs.
When this acquisition brings 4x current revenue, that will be about $5.5 million, so if we assume that same profit margin, we can expect the company to earn AT LEAST $3.4 million in 2019 if not much, much more!
Heck, treat it like a big board stock which would be .11 to .15 as of today's numbers!!
Filing showed income for the quarter of $1.3 mil. 1.3/386 is .0033 EPS. A quick Google search shows that a 35-45 multiple is typical of the real estate sector. Boom!