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AXXA buys companies for a discount, it's my guess that most if not all have existing debt when they are purchased. AXXA then works to clean up those company's books and renegotiate debt as needed. Look how far management has come over the last couple of years. Would you rather own shares here or somewhere else like NHM#. If you want to get lost in trees and not see the forest, then you need to go to a company where there is only one tree.
Even going back a few years, think what those original shares are worth. Pennies on the dollar. I think the need to raise funds trumps any loyalty to current shareholders. My thoughts are that the shareholder rights offerings are a carrot plain and simple. Maybe each time management dips into the well to raise more funds they think it will be the last. There must be an overall plan. We just aren't aware of all the pieces. The company is building momentum - new patents, increased revenue, and more visibility and credibility.
Dealing with any of their rights offerings is always burdensome (done that) given the short window to convert shares and sell before the next reverse split. Also, movement in the share price is mainly during extended hours. It takes too much time to make a few bucks. I would agree buy 100 or 1000 shares, price is right.
I do.
Not sure. Anything I would say is open to debate. All I know is management has and is willing to kick shareholders to the curb.
I'd say posting the same info 50 different times on IHUB and X is a little over the top. But what do I know.
Looks like flippers in the mix for pocket change right now.
Between you and Hippy nothing more than stock manipulation as well.
The company isn't required to follow your timetable?
Sorry you have a 3 post limit. Maybe I'll post tomorrow. I just keep thinking this is such an odd current level for this stock.
Do you think keeping the stock at these levels is in the best interests of the shareholders? If institutional investors get involved to a greater extent they may force Sonny to take steps to increase intrinsic value of company.
Sometimes a person just gets sick of the prolonged static noise.
Looks like you and Hippy are both the experts.
Yes they will extend it. This stock is highly manipulated. On a regular basis there are huge price swings during extended hours trading and then price always settles down to current range. I'm surprised a company hasn't put in a low ball buyout offer to set sale of company in motion.
Don't think so, but you're the expert on the amendment.
The stock here is ridiculously cheap. Downside is maybe another reverse split coming shortly. What to do?
If they were hiding it there would be no filing at the Wyoming secretary of state. Look at the filing date and the OTC Markets update date. Things take time. Why so worried?
10Q filings predate the amendment at Wyoming secretary of state no lie just fact.
Thanks for clearing up your motivations.
I agree. But sometimes people get bored.
No problem. Just keeping it real.
No sale of stock unless proper filing of sale by insider. Nothing filed on OTC markets.
Just saying if they closed the deal there'd be an update most likely. That's all nothing more.
What it says is that company hasn't come up with $10 million to close deal. All pieces not falling into place yet.
No shares available. All tied up in my opinion.
We shall see what happens.
Moving up looking forward to earnings. Back down shortly.
It was tongue in cheek. My point was no rush to the exits to sell today. GLTU
Most convertibles have language in loan docs that don't allow company to repurchase shares while loan outstanding. Interesting, company has initiated repurchase plan nonetheless. Also 10,000,000 plus shares on the bid. $axxa
Lot's of selling today. $snpw
You already know the answer look at the recent pr's regarding the audit plan. If you can't find it go to otc markets!
I would agree with your statements. The wash rinse repeat process continues. Until they hit a revenue stream level that makes the company self sustaining without additional cash inflows the stock will continue to tank and reverse split. I'm still trying to figure out a way to take advantage of these various offerings that will allow me to make a buck. Upside isn't worth the continued slide.
Retail? Try pumpers and day traders who know how to play the game. Classic day and half frothy run.
What stinks the high with all the froth was.0028 and it dropped back down without all the pumpers. Uncertainties built in - financing, finalization of deal, lots of dilution when preferred shares convert. Probably overpriced. No bashing JMHO
Just go to OTC Markets. You get that and more. JMHO
This is basic investing 101. You don't need to sticky it. If you don't understand the process you shouldn't be investing in the OTC. JMHO
Seems like you're adding information not in the financials. I just posted facts from the financial statement. You have nonpublic information you want to share?
What I stated in my post was fact!
Let it play out. My gut tells me Management continually tries to renegotiate outstanding debt when it buys a business and after it has added new debt including derivative debt. If certain debt holders don't play nice and buy into their strategy they don't play nice in return. We're seeing share conversions finishing up, but if you look closely you're seeing loading as well. JMHO. We shall see how it unfolds.
Look at the financials - No big cash drain for expenses. CEO is not pulling out cash to live lavish lifestyle. Total operating expenses for last quarter ending June 30th were $182,000 and net income was $101,000. Your statement makes no sense. Stick to the facts.