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The issue is not whether PR345 may have broken some SEC rules...rather it is whether if a publicly traded company such as GXXM would have broken some if many of their past and present executives are tied up with a private company and such is not declared on proper SEC documents for the sake of the investing public...I am sure there are a myriad problems for GXXM if all this has nothing to do with GXXM...we wait and see...
My post was in english !!!
I have...no response...
Now that is a classy response...shows a lot of character...your DD is what got most of us going...danke...
No, just wondering if this has anything to do with the private placement by GXXM on the same date (Feb. 19, 2019) as pointed out in post 7799...
Unanimous Consent of the Board of Directors in lieu of a Special Meeting of GEX Management, Inc. Feb. 19, 2019
https://www.lawinsider.com/contracts/2JHH105dg4dHzUirA9Rn1P/gex-management-inc/1681556/2019-02-25
Allow me to respond...this gonzo does not hunt...this gonzo would be like a stunt gorilla in the movie "Bed time for Bonzo" with Ronnie baby starring...this Gonzo always awakens when the jungle boss rudely awakens him/her and puts the poor animal to work...even though all it has learned is what sticks by ruffling through some recent internet thrash on the company looking desperately for some dirt, any dirt...
Instructive interview with Carl Dovill in 2018 when they first purchased 25% of Payroll Expess (who manages doctors and had >20 million/yr in revenues)
https://upticknewswire.com/interview-ceo-carl-dorvil-of-gex-management-inc-otcqb-gxxm/
Guys like that should move to Costa Rica or Honduras or Panama, assuming they can afford that, and never look back...such misguided folks will soon get their comeuppance when their leader will be marched off in striped clothes by the uniformed folks working for the SDNY as they barge in with the judge's orders...
There is no mention of 4Q revenue in the latest 10K...grow up and stop spreading lies...
ARanger...I believe in their PR MMMM said the mergers would take place during the 1st week of April or soon thereafter...do you think this new lawsuit against GXXM is the reason for the delay and do you think this can delay the closure indefinitely (till case is resolved) ?
There is a good chance that this move (putting GXXM under MMMM) is being done to flush out the naked shorts. This is definitely one successful way of doing it. Many other BB and Pink sheet companies have tried to fend off the naked shorts and failed. One way is to change the CUSIP number and this is what is being done, effectively.
When certain characters start infesting the board, you know that the play is on. These are formidable foes. They win 49 out of every 50. Hopefully, this is the one they lose, and lose BIG...would be sweet revenge for me and many, many others who have suffered from these attacks on our financial system. Most new companies rather begin elsewhere since these crooks have demolished the bulk of them by using toxic conversion/naked shorting.
Don't worry ARanger51...the Gonzo always arrives on the scene along with his cohort ambulance chasers...these guys are expert at FUD...it is time for folks to load up, especially those that have not yet...now we know why the stock was massacred...a buyout would devastate these naked shorts...
Get used to it "Visitor". Those foreign nationals are American citizens and soon guys like you would have to crawl on all fours begging for a job from these real patriots..karma is a bitc.....h
Somebody tell me if I’m off here, but could it be that as of 01 Oct 18 all of the employees (except those 6) and the streams of revenue were transferred over/merged into PR345 and began to be counted on their books?
You might have a point there...how many employees did they have prior to Oct. 1 ? The -ve revenue when they were accelerating at 3+ million per qtr makes no sense at all...they better explain quickly...this is too blatant a gaffe or purposeful omission...
Huge Bids ??? total trades today 86 million or 250k$ - half sells and half buys...thats hardly huge...huge at this SP would be like a billion shares traded...hopefully tomorrow with that buyout !!!
Don't get me wrong...the stock has been punished way too severely over the past few months...not sure why...much more than it ever deserved to...toxic converts does not cut it...but the -ve 4 qtr revenue gaffe reported in this 10k is serious and the company better address this SOON...like tomorrow...I am more interested in this than the so-called buyout at 10c/share...that would be like a Santa come early miracle...reality is that the company with 8 million+ in revenues, albeit with recurring losses, and with 16 million + in shareholder equity and just 1 million in market cap...deserves higher MC...
Has anyone thought about the fact that this stock is a 100 times higher than where it was in early January, and there is proof the business of VYST sans Rotmans has changed all that much...additional revenues are just rumored, not a fact...so this 100-fold increase might already have factored in the Rotman inclusion ?...ever thought about that ??? Too much Koolaid being served here with some folks making outlandish claims of stock going from pennies to $s...the market is not that stupid...most folks playing the market would have reacted by now if the Rotman inclusion (which is clearly about to happen) had the potential to have a massive impact on the SP...
Godzilla...amusing hat you always show up when there is blood on the street...kind of vulture-like !!! Professional ambulance chaser...
I believe we were expecting 12 million in revenues...the negative revenue stated for the 4th qtr is a mystery...I thought the IR guy told someone here that "we would be pleased by the 10k" !! What exactly was he thinking about ? If the revenue had indeed come at 12 MM as expected based on previous qtr, the SP would have climbed...the buyout story is still just a fanciful story...the stock would have reacted by now if that was even remotely true...but I expected just the fundamentals of the co. would have moved the stock...but the crappy revenue growth in spite of net worth climbing is disappointing...
can you explain the -ve revenues for the 4th qtr of 2018 ?
Whats great about it ? Care to explain ? Or are you just cheerleading ?
How can the 9 mo revenue of 9.6 MM go down to 8.6 MM over 12 mos ? Weird accounting...
For those that have researched this stock at length, what exactly in your opinion caused this precipitous drop from the 20c range in Jan of this year to trip zeros at the moment, just 3 months later ? And all against the backdrop of a pretty bullish 10Q for the 3rd quarter of 2018. Was it just the knowledge by some of the dilution happening from the 60 million O/S range in Jan. to the current 390 million, a six fold increase in O/S in such a short time ? Or was it a classic naked/semi-naked short attack by the folks holding the toxic certs ?
I have never seen a stock with palpable and growing revenues be so drastically eviscerated in such a short time period...
Thanks ARanger...you the best !!! Buyout or not, the company is seriously undervalued and the company is optimistic about the upcoming 10K...that is all that matters...
The MMMM 8k said "Pursuant to the SEA’s, which were filed as Exhibits 2.1 and 2.2 to the March 27, 2019 Form 8-K, the Company agreed to acquire all of the capital stock of P345 and NuAxess in exchange of the issuance of shares of Series C and D Preferred Stock, par value $0.10 per share, to the shareholders of PR345 and NuAxess as discussed more fully below."
One could also read this as saying each share of the capital stock of P345 and NuAxess will be worth 10c/share...3.47c by my calcs for current MMM value, but 3 times higher since MMM has also dropped from 31c to 13c/share over the past few months...
Sorry...further correction...did not realize that GXXM minority shareholders will only get 12.5% of the company...or each share of GXXM will be worth only 4.27c or 1336% higher than yesterday's closing...
=8941105/0.075*0.125/348680636 = 0.0427
Upon the Closing, the Company will also issue the minority shareholders of PR345 and NuAxess a total of 400,000 shares of newly designated Series D Convertible Preferred Stock (“the Series D Shares”) as follows: (i) 200,000 Series D Shares to Draper, Inc (“Draper”), a Nevada corporation: and (ii) 200,000 Series D Shares to Carriage House, Inc (“Carriage House”), a Delaware corporation, in exchange for all of their shares in NuAxess and PR345, representing 12.5% and 12.5% respectively.
Sorry...perhaps a major miscalculation there...one could argue that the 8.9 MM$ valuation is for 7.5% of the new company...or the value of one share of GXXM is actually 17.1 c/share or 5,342% higher than current value !!!
=8941105/0.075*200/400/348680636
My rough calculations...please check and let me know where I am wrong...
Current Market Value of MMMM = $8,941,105
Current O/S of GXXM = 348,680,636
Upon closing, PR345 (GXXM) and NuAxess Series C Convertible Preferred Stock holders get 400,000 Series C Convertible Preferred Stock New (200,000 each) of MMMM (par value 10c/share)
Also, upon Closing, the Company will issue the minority shareholders (us) of PR345 and NuAxess a total of 400,000 shares of newly designated Series D Convertible Preferred Stock (“the Series D Shares”) (200,000 each)
The Series C and Series D Preferred Stock will represent 92.5% of the outstanding capital stock of the Company as of the date of Closing.
So as of today, each share of GXXM is worth 1.19 c or 370% premium to current price of 0.32c/share...
= 0.925*8941105*(200/400)/348680636
You sound like Manuel who spoke into the phone in Faulty Towers and wisely said, "I know Noooooothing"
The address could be a post box shared by many entities...just for mail purposes...
In any case, many thanks in advance to ARanger and others for pointing out this riddle...
The company insiders and MMMM insiders could themselves start buying on the open market knowing what is coming...then they could start selling before the NSS begin shorting at the top again...ultimately, the NSS always win, at least that is what I have seen with many, many stocks over the past 20+ years...this could be a great opportunity to share the ride with the insiders as the SP skyrockets up to a certain point close to 10c/share...
This could be a unique way of trapping the naked shorts, assuming there are many...the coincidences between MMMM and this company are too many to ignore...
Big time squeeze coming soon...
Nothing has changed in my Fidelity account except that the symbol has changed to VNRRQ...no need to panic...have been thru many Chap 11s...has its ups and downs...recently, SHLDQ (Sears) has done well whereas BIOAQ has not...
Now that is a proper explanation...these insiders have to pay taxes on the profits (when they sell) but they can pocket the gains...and not be forced to give it to the company...
Doog...you often get this from the horse's mouth !!! are you sure you are not an insider ??? Just asking...thanks regardless for your efforts...
And the reason an insider agrees to take a salary or compensation in stock valued on the day the shares are awarded is related to the member's confidence that the shares would not be worthless in short order...he or she has the confidence that these shares are severely undervalued and therefore worth the "risk" and risk it is with any penny stock...
Stervc...that does not make any common sense...on the one hand Greg himself has indicated that these shares were in lieu of direct compensation for services rendered and on the other hand you are saying that the net income from these shares are to be returned to the company !!! Or, Steve Rotman was awarded 32 million shares at 0.0007/share or about $22,000 as compensation and the rest of the gain ($1.81 million) as of today is to be returned to the company and the company has to claim this as ordinary income on their balance sheets ??? This sounds incredible, to say the least...as ridiculous I might say of coming up with a 5$ evaluation for a 5 penny stock all the while pretending that the markets are dumb enough not realize this gargantuan mismatch...you have done yeoman work voluntary, but I would like to opine that a little dose of reality is in order here...