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If I didn't know any better I'd think someone was trying to hold her down. I'm sure it's just a fairy tale. lol
No dilution, All retail.
$GXXM
We have already won 2 new consulting contracts - one with a large Pennsylvania based Investment Management firm and another with a Florida based, global technology firm focused on the travel industry; we expect more contracts and placements to follow over the coming months based on our multi-tiered sales and recruiting strategy as we continue to place quality resources towards these long term opportunities”,
$GXXM
Dallas, Texas, June 17, 2019 (GLOBE NEWSWIRE) -- GEX Management Inc (OTC: GXXM, “GEXM”), a Dallas based management and professional services company, today announced its continued strategic initiatives focused on building a premium staffing and consulting business line complementary to its organic and inorganic growth initiatives.
Sri Vanamali, the Executive Director of GEX Management Inc. said, “As mentioned in our past announcements, GEX is in the process of restructuring and reorganizing its operational and capital infrastructure in a way that is primed to help the company build a solid foundation for growth in 2019 and beyond. “ As part of this renewed strategy, GEX Management has set strategic goals to expand further into areas of higher margin and growth business categories particularly in the space of IT and Management Consulting as well as identify synergistic opportunities in healthcare sector to deliver significant cost rationalization, benefits and integrated staffing solutions to clients and customers alike.
In alignment with this strategy, GEX Management has partnered as a Preferred IT Solutions Supplier to one of the premier Managed Service Providers (MSPs) to Fortune 100 Companies in the Enterprise Technology Consulting and Staffing solutions space. This has resulted in a significant business development pipeline that is projected to generate solid revenue and growth opportunities going forward. Additionally, GEX executed a strategic staffing agreement with a leading Ohio based Healthcare group to deliver staffing, HR management, payroll processing and benefit administration services to the client’s healthcare and clinical practice centers in the mid-west region. Management expects these and other growth opportunities to help the firm achieve strong revenue growth and help move towards higher profitability profiles then in the past by targeting higher margin, lower cost business models and relying on less expensive debt instruments to help reduce the burden across the firm’s capital structure while maximizing efficient use of operating capital.
“The management is committed to continue focusing on improving the balance sheet in the near term while also identifying sustainable long-term growth opportunities through strategic partnerships with established MSPs. Based on efforts related to these partnerships, we have already won 2 new consulting contracts - one with a large Pennsylvania based Investment Management firm and another with a Florida based, global technology firm focused on the travel industry; we expect more contracts and placements to follow over the coming months based on our multi-tiered sales and recruiting strategy as we continue to place quality resources towards these long term opportunities”, said Sri Vanamali.
“These organic growth initiatives are expected to bear fruit over the next few months and begin gaining traction starting Q4 2019 and beyond, as we place more consultants and build towards the strength of our strategic relationships. Additionally, our Corporate Strategy team has developed a structured process to identify, review and close potential synergistic acquisition targets that will be complementary to the GEX Management Business Ecosystem. I am very excited to work with our investors, business partners and service providers to continue the positive momentum despite past challenges and am confident of GEX achieving great long term success with this renewed strategy. We will make further announcements to our investors and shareholders as we make progress with these initiatives”.
About GEX Management
GEX Management, Inc. Is a Professional Services Company providing consulting, staffing and comprehensive managed service solutions to clients in a variety of industries. GEX Management services include IT and Strategy Consulting, Staffing, HR, Payroll, Risk & Compliance, and Executive Consulting, and provides progressive and complete solutions for employee management and operational needs.
Information on Forward Looking Statements
The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, GEX Management, Inc., in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.
SOURCE GEX Management, Inc.
Media Contact:
Joshua Rebecca,
Director of Media Relations
Email address: jrebecca@gexmanagement.com
https://www.globenewswire.com/news-release/2019/06/17/1869664/0/en/GEX-ANNOUNCES-STRATEGIC-INITIATIVES-AND-UPDATES.html
You have not proved naked shorting is not going on in $GXXM.
GXXM
Thanks, Gonna check it out. Liking the potential here, just a matter of time.
$IGMB
Action
$APHD
Sweet move today, can we get to and hold above .01 this time?
We'll see
$IRNC
This will have it's day. should be trading above .01.
$IGMB
Nice day here so far. Wonder where we close..
$PCLI
Yes, shareholders of GXXM are here to pay the bills. They're just about paid too lol.
There are not plenty of notes coming either, lol.
$GXXM
lol, That's what I'm talking about.
$GXXM
Yes sir, I know how old it is. Like I said, we can agree to disagree.
$GXXM
Why would there be evidence of aggressive naked shorting $ GXXM when it's illegal? The evidence is on L2.
$GXXM
That was not proof. Lol They exist, and have been here for quite some time.
$GXXM
That's all they do here is aggressively naked short, lol. I wish shorting was a fairy tale.
$GXXM
Not sure if I'm that optimistic about the ending today, but Loving your expectations.
Even if that began to happen, I'd help move those .0002 's , I just don't like to be played with.
$GXXM
I appreciate your perspective, I just disagree about the walls. I think they are there to hold it down. (Notice they keep adding after buys?)
But hey, you could be right, just find that extremely hard to believe.
$GXXM
Great, same here.
LOL
$GXXM
That's because of the blockage intentionally created on the ask. If they weren't playing with the stock, we'd uptick daily w/o news.
$GXXM
LOL, You'll get your fill then the .0002 buyers wont be trapped any longer.
Yep, then did you notice this...
Great, We'll agree to disagree.
$GXXM
15 Mil share dump is shorts. If they are not on the bid themselves getting the shares they're dumping, they're hoping whoever gets them puts them on the ask @ .0002 to help their cause. We ended up closing at .0002 yesterday, so we play the same game today.
Furthermore, GEX has been able to reduce the overall convertible notes burden on the balance sheet which totaled to over $1.2M by over 40% of the principal outstanding balance to less than $750,000 as of April 2019 through strategic conversions of these notes to common equity initiated by the convertible note issuers throughout Q1 2019,
As of May 16, 2019 there were 789,425,581 shares of the registrant’s common stock, par value $0.001 per share, outstanding.
https://www.otcmarkets.com/filing/html?id=13443482&guid=0D1xUFccQ8_cCth
We're already trading 9 x's under par.
There has been over 1.2 billion diluted shares traded after the debt was confirmed by the company to be less than $750,000 in April. They wanted the note holders out.
We were trading around .0012 in May. What's going on now is all retail and will likely be another day like yesterday.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149379165
Keep painting the close & it'll keep happening, or until they get their fill.
$GXXM
Like you said, tic toc.
$GXXM
They want 1's . If .0002's start to get hit heavy, they'll either move, try adding more to the ask, or possibly start selling .0001's to discourage a move.
Only dilution or shorts will sell on the bid right now, and dilution has subsided.
$GXXM
ETRF & CDEL & NITE are intentionally stacking the ask for now.
$GXXM
That's why it's called naked shorting. Any proof there's none of that going on?
Did you get an update from the TA? Plenty? How much?
Maybe not now, if you have proof, prove it.
$GXXM.............
Absolutely Correct. It's all about market perception, and if the market perceives dilution, it usually reacts to that.
$GXXM
This is what happened today....
(and for some time now)
It's far more than dilution going on. The bid wacks @ .0001 means they wanted it to close at .0001, which means there's naked shorting going on, aggressively.
Then the "dumping" 30 min to the bell is all manipulation and illegal. This is not dilution. It's basically saying "This closes at .0001." 10 million shares exactly @ 15:30. The same amount that was cross traded earlier. Only way this works for naked shorts is if they close red.
The 10 mill shares "dumped " 30 minutes before the bell today was "dumped in increments to make it seem like massive dilution. Then 5 more mill @ 15:46 in increments Then, unless someone got fed up and added their shares to the ask (doubtful) an additional 40 million was added to the ask. Why? discouragement to buy, and a red close which is exactly what it accomplished. All manipulation by the best and duly noted.
Just because we didn't get charted, doesn't mean a thing.
I believe the dilution has subsided substantially, we're at ground level, and a run is imminent. The manipulation has to stop.
$GXXM
Sounds good to me, Thanks.
$GXXM
Maybe for now because games are being played and people are being cautious. If we get the news I'm expecting, I'll take out the .0002's
$GXXM
Yes sir, should be worth the wait. Waiting to see what MAXM does today.
$GXXM
I emailed him simultaneously with the others yesterday. I only got the automated response from Chelsia.
$GXXM
MAXM being routed.
$GXXM