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Please see AXXA news release from August 12, 2020
Goodwill is a calculated number you don’t just overstate it. It’s calculated from purchase price. In accounting transactions are balanced. In this case overstating goodwill would lead to an overstatement in debt. I see no incentive for that.
If at first you don’t succeed shake shake again
Well said. This is a low volume day.
Quick Lesson:
Apple Stock $110 per share
Tesla Stock $426 per share
Apple Worth $1.8 T
Tesla Worth $0.3 T
Which company is more valuable?
You compare stock price hahahahahha
Market Cap. dude Market Cap. Share Structure Matters my dude!
Like today? Like yesterday? Like the Day before? Typical like when? Dude I’ve been here for years, only made money!!
High Five!! What a day! Exxe keeps holding. Small Risk Large Reward!!
Mic. #1??
Nah someone said have fun in AXXA jail. I was being an ass
I love AXXA jail
That’s the opportunity! Look at the upside and compare it to the downside. What is the likelihood of fraud? How does the risk compare to the reward?
Just low volume today - nobody is worried
Book value is by no means the limit, that’s the floor. As no company invests and buys assets to build a company valued at merely it’s cost. Loading at this level is like buying a car for the cost of it’s door handle. You dig?
Thanks for this! Fun watch
That makes no sense - aren’t they all just opinions?
Yeah, sorry. I hd seen the comment a few times today and finally thought to correct. didn’t see that someone already corrected.
No worries. Good luck to you
Oh - yeah what he said
FYI, Boris aka AXXA tweeter, is not the CEO.
Haha I’m with you!!
I don’t mean to be greedy but this is going higher
Wow, that’s great, you’re lucky you weren’t locked like most of us were.
Nice, how long did you hold for?
Not well for them and great for us! fingers crossed!
Keep the news coming!
haha, i am not short. i am merely saying that someone is selling to those shorts to help them cover. And it’s either a flipper or a long.
don’t blame the shorters. it’s the longs allowing it to happen. shorts and flippers making money
0.02!!
AXXA running like a fullback today right through the defensive line, keeping the legs pumping. it will not be stopped!
It feels like we’re getting ready for a squeeze.
It is time
dude i tell you every time you’re here we go up. but we are always covering the same ground. something twisted about how we cannot ever actually breakout
happens every time. there are extremely weak hands here. at one point the bid was higher than the ask!
Yeah, they are not cheap at all. And this is a first year audit so beginning balance sheet balances need audit work too. It’s nearly two audits at once. The bill for this has to be over $200k with all the subs spread across the world.
A Financial Statement Review would be significantly cheaper and provide some assurance albeit very limited. But it would be a good start. Never seen a publicly traded company have a financial statement review.
As I have heard, no OTC stocks perform audits. They audit in order to up list. So while this is risky, it’s a bad strategy to wait for audits before investing. I think you’d miss opportunity. The play here is trust in management which you would want even with audits. Audits only confirm your trust. You cannot rely on an audit for trust but an audit can help to confirm trust. An auditor won’t catch all fraud as explicitly stated in the audit opinion. Bet what you can afford to lose and forget about it. Maybe someday your investment will grow 40x or more. When I look at comparables and follow through and communication, the risk vs reward becomes a lot more favorable to me and so I am less concerned with the day to day movements and the other irritating things that go on here. I believe the value is here like no other opportunity i see.
It’s complicated.
No doubt a company lawyer is involved in the audit to some extent. But it is a small extent. Anybody within the company could be involved in the audit. But the sign off, the opinion, the audit work is performed by the CPA, a third party, INDEPENDENT, external auditor. Not the company lawyer.
CPA’s are qualified to work in the state they are accredited in. CPA’s accredited in the local jurisdiction anywhere in the world would perform the work on behalf of the audit firm who will give the opinion. as such that auditor takes responsibility for the other firm’s work.
CPA firms can belong to networks that allow them to have a trusted source within anothwr jurisdiction.an international
For sure, can’t believe we’re red with a quarterly release imminent
I love all the fortune tellers here. So successful they are on OTC boards - hahaha
I love my heavy green bags. Thanks
still a lot of weak hands
An hour later?