Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I've seen companies that have acquired other companies to make the financials look good (ie buying revenue), but the stock price never increased significantly.
Who knows??
I don't like to read the financials when "gambling"/investing. This is the first time I went through AXLX financials.
I'm not excited about them, yet I'm not discouraged. We might see something in the next 3 months. Hopefully, I'm at profit and on to the next one.
$$AXLX
Will someone breakdown the income statement from last quarter to this quarter?
We need to compare:
Revenues, operating loss, and net loss.
This comparison of the 2 quarters will help to provide an indication of growth for the company which I suspect there is.
$$AXLX
The financials look good.
Balance sheet improving.
Has revenues
(Not sure how to interpret the income statement due to the fact I could not figure out what the numbers were for last quarter - maybe someone could break it down for us)
Net loss for the quarter was $<256,754> of which were contained in $<551,614> loss from last 9 months.
THE EQUITY TRANSACTIONS are killing the stock price.
THE SAVING GRACE:
IRONRIDGE VENTURES
Ironridge "married us" on February 22, 2013. After 180 days, they can start divorce proceedings by liquidating their initial 150 million shares.
"In connection with the transaction, IV agreed not to hold any short position in the issuer’s common stock, and not to engage in or effect, directly or indirectly, any short sale until at least 180 days after the end of the calculation period."
Ironridge has a vested interest in stock price success.
Conclusion:
Ironridge is the key for investor success - at least for the next 3 months. After 3 months, prepare to sell your shares.
The other equity deals will keep the PPS down for awhile thus the "flipping" which we have been seeing lately.
It's a wait and see.
$$AXLX
The meat and potatoes of AXLX
BALANCE SHEET ASSESSMENT
2013 = February 28, 2013
2012 = May 31, 2012
CASH increased
2013: 72,879
2012: 605
CURRENT ASSETS increased
2013: 754,923
2012: 233,474
TOTAL ASSETS increased
2013: $1,386,497
2012: $815,446
TOTAL LIABILITIES Decreased
2013: 712,368
2012: 1,146,391
LONG TERM AP Increased
2013: 400,000
2012: 269,858
EQUITY Increased
2013: 264,129
2012: <600,803>
TOTAL EQUITY/LIABILITIES Increased
2013: 1,386,497
2012: 815,446
$$AXLX
Too many hands in the pie:
During the Three and Nine Months Ended February 28, 2013:
During the three months ended February 28, 2013, the Company issued 289,071,065 shares of unrestricted common stock to 5 convertible debt holders pursuant to the conversion of convertible promissory notes, reducing the Company’s debt obligations by $94,275.
Also during the three months ended February 28, 2013, the Company issued 150,000,000 shares of unrestricted common stock to Ironridge pursuant to a settlement of debts of $802,889 (See Note 8: Ironridge for more details).
In October and November of 2012, the Company issued 17,000,000 shares of restricted common stock to two consultants for services rendered.
In August of 2012 the Company issued 45,000,000 shares of restricted common stock to Dennis Mitrano as part of his employment agreement. (See Note 11: Management and Board of Directors Changes for more details.)
In July of 2012, the Company issued 150,000,000 shares of common stock to 6 convertible debt holders, reducing its principal balance obligation by $47,000.
Also in July of 2012, the Company issued to an accredited investor as part of a $90,000 investment, 400,000 shares of Series B Convertible Preferred Stock, convertible into shares of common stock at the market price at the time of conversion and redeemable by the Company 18 months after the Closing. (See Note 8: Convertible Promissory Notes for more details).
In June of 2012, VOIP ACQ, Inc. surrendered five hundred million (500,000,000) shares of common stock in exchange for 500,000 shares of Series A Convertible Preferred Shares. The Series A Convertible Preferred Shares are convertible into a total of 500,000,000 shares of common stock and carry voting rights of 5,000 votes for each preferred share. The above description of the Series A Convertible Preferred Shares is qualified in its entirety by the Certificate of Designation of Series A Convertible Preferred Stock, which is attached as an Exhibit to the Company’s Annual Report filed on August 2, 2012, and incorporated herein by reference.
$$AXLX
AS and OS
As of February 28, 2013, the Company is authorized to issue up to 8,000,000,000 shares of common stock, at $0.0001 par value, and up to 10,000,000 shares of preferred stock.
At February 28, 2013, there were 1,623,977,303 common shares issued and outstanding and 900,000 shares of preferred stock outstanding, including 500,000 shares of Series A Convertible Preferred and 400,000 shares of Series B Convertible Preferred.
$$AXLX
And this is what's killing the stock:
During the three and nine month periods ended February 28, 2013, the Company converted $94,275 and $26,100 respectively, of outstanding promissory notes into 289,071,065 and 536,672,691 shares of common stock, respectively, at prices ranging from $0.0005 per share to $0.000122 per share.
$$AXLX
Key to success: (read last paragraph)
NOTE 8 – IRONRIDGE
On February 22, 2013, AXLX and Ironridge Global IV, Ltd (“IV”) settled $802,889.00 in AXLX accounts payable, now owned by IV, in exchange for shares of AXLX common stock.
Pursuant to an order approving stipulation for settlement of claims between IV and AXLX, IV is entitled
to receive 10 million common shares plus
that number of shares with an aggregate value equal to the debt amount plus a 10% third-party agent fee, and reasonable attorney fees, divided by 70% of the following: the closing price of AXLX’s common stock on the date prior to entry of the order, not to exceed the arithmetic average of the individual daily volume weighted average prices of any five trading days during a period equal to that number of consecutive trading days following the date of initial receipt of shares required for the aggregate trading volume to exceed $9 million.
IV received an initial issuance of 150 million unrestricted AXLX common shares,
and may be required to return or be entitled to receive additional shares, based on the calculation summarized in the prior paragraph.
For purposes of calculating the percent of class, the reporting persons have assumed that there were a total of 1,435,370,902 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that the shares initially issued to IV would represent approximately 9.99% of the outstanding common stock after such issuance.
IV is prohibited from receiving any shares of common stock that would cause it to be deemed to beneficially own more than 9.99% of the issuer’s total outstanding shares at any one time.
In connection with the transaction,
IV agreed not to hold any short position in the issuer’s common stock, and not to engage in or effect, directly or indirectly, any short sale until at least 180 days after the end of the calculation period.
$$AXLX
Shakedown.
Who gave up shares?
Lol
Weeeeee!!!!!
$$MDIN
Adding shares in preparation for the run.
Watch and learn.
$$MDIN
Pathetic 911 trade.
That speaks volume of your confidence in the stock.
Don't play games with the trades.
$$MDIN
If he's a flipper, then he doesn't know what he's doing.
Can't make money sitting on the ASK.
Lol
$$MDIN
She's a 10!
Wait until the lunch crowd notices her.
$$HKTU
There isn't enough volume here to flip.
Face it,
Liquidate or ride it out.
We aren't going any where unless the chill is lifted. Too much of a perceived risk to invest.
$$MDIN
Party must be over??
$$GOFF
Someone just bailed.
200,000 shares given up.
Lunch money.
$$MDIN
Well, we did hit 14.
Argh!
$$AXLX
Up almost 7%.
I can hear it....
$$HKTU
I'd take them off his hands, but I bought too many dogs this week. Need to cut some of these dogs loose.
This stock has really killed my portfolio. I put way too much in this dog.
Dog better run.
$$MDIN
Doubt that does any good.
5 million shares are a lot.
If you were disgusted with the stock, you would just dump.
If you truly wanted to sell, you would offer a million each time one million gets gobbled up.
There is a different motive for putting that large block up. A true investor would hide it from l2 display.
$$MDIN
So, why is NITE holding the stock back?
What's his game plan?
$$MDIN
Stock keeps bouncing back and forth.
$$HKTU
Stock certainly has the huge volume everyday.
Just needs to rise.
$$AXLX
As long as NITE is sitting on the ASK with 5,000,000 shares...
MDIN will to go up.
$$MDIN
I never said this was a pump and dump.
What evidence to you have to back up your claim that this is a pump and dump?
I certainly don't like people twisting my words for their own benefit.
There are no paid awareness campaigners to go along with the news we have today.
2legit 2quit.
$$MDIN
Lunch money trades.
Where are the heavy hitters?
$$HKTU
Stock needs a lot more volume before lunchtime to attract new investors with the news.
$$MDIN
Just 2 bid whacks.
Looks good for a move up.
$$AXLX
If things weren't legit, you would have seen paid awareness campaigners promoting the stock which then followed the news we have today.
I like seeing news without the paid promoters.
$$MDIN
Promoter: Market Club Trending Stocks
Compensation: None Listed or Image Compensation, Please Read
Date: 4/9/2013
$MDIN
I know how this works.
The very reason I'm still here and haven't sunk the stock below .0042.
Honestly, that so called support at .0045 is no support at all.
Looks like investors are playing with lunch money and free social media accounts. I'm I in the wrong stock??
$$MDIN
Wow, I'm glad I didn't play the "bounce."
Just observing and taking notes for the next APS play.
Brutal day. Hopefully this was the first major dip - who knows....
$$GOFF
Need at least $2,700 for AXLX to "go" right now.
Yelling at the stock won't make it move.
$$AXLX
Support - like having friends behind you.
Just keep an eye on those friends.
Our friends brought down the stock today.
$$MDIN
If you are buying by allowing the sellers to sell to you, then you are hurting all of us for your own personal gain.
I only see two significant trades which someone bought on the ASK. I know who did one of them.
I would really question the motives of investors who are saying they are buying today, but by dragging the stock price down.
That's the sad story of today's trading.
$$MDIN
I think some investors should look at the recent trades and not feed into the negativity.
Notice the trading pattern?
The sell off has been greatly reduced and there are no buys at the ASK.
So, what does that tell ya....
Glad I didn't dump.
$$MDIN
Looks like the descend started at .0079 with less than a million shares.
Doesn't look like a big sell off. Just someone manipulating the closing price to get better shares tomorrow.
$$HKTU
I'm out, just watching.
Money ready to go for one more flip, after that its too risky.
$$GOFF
13s getting eat up on the ASK.
$$AXLX
I don't know what's going on, but my orders aren't going through.
They get placed, but nothing happens.
Etrade.
$$HKTU