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I've been averaging down. Picked up 300k more today - hold 8M now. It's go time! CZNI!
I took a 300k starter position today. My last ask slap at .0175 was filled at .017. :)
What's going on here?
I suspect the audit has been underway for a little while. They planned on uplisting to QB this year and it needed to be done regardless of the Reg A tier change. They stated their goal of QB by the end of 2020. To that end, maybe the audit will be completed soon than we think. Reg A II will take some time.
nas: I hope they finalize the Rivet & Adaptive acquisitions soon instead of waiting for the completion of the audit and Reg A. I think I read that they were holding off on those closings until after the initial Reg A (which I presume was near finalization), but now they are aiming for tier 2. Tier 2 will be worth the wait. Those deals were announced back in June and July respectively. I hope they drop news in this respect.
Well said. It will all come together relatively quickly once the completion of the audit...but an audit doesn't happen overnight.
Agree, Reep. In theory, it should be even more than $20M since Tier 1 is capped at that. I smell a very large acquisition target or two - we will find out soon enough. There is a lingering reason for the Tier 2 quest.
I agree with your mindset, Watcher. My guess is that they have several larger deals in their pipeline that required more cash to acquire. I think the next announced deal will be much larger.
The only downside is we are looking at a longer time period since they have to be audited, etc, before the new Reg A. In the interest of time, I wonder if XALL will decide to complete the 1Rivet & Adaptive acquisitions to bolster up support for a larger raise..? It wouldn't surprise me a bit.
Also, I think they are only initially raising $3M so it should be quick. I may get in on that offering. I look at XALL this way; even if the Reg A didn't materialize (no reason to believe it won't), they still have 2 sidelined acquisitions that are projecting to bring $17M in additional 2021 revenue to XALL. I believe we will have 2-3 announced acquisitions still this year and at least one will close in 2020! This ticker in a no-brainer for me.
I have a sizable position here. If I recall, CDEL has over 5%. IMO, this will likely be executed via a SPA (stock purchase agreement) since they used the word "equity interests" which is really just book value. I expect this to be compted within 30 days. However, it could be even quicker since most of the time a company's DD is done prior to an LOI. I'm not sure about any possible delays with the SEC. The bottom line, I can't think of any feasible reason why they would acquire "target shares" to only, in the end, remain privately held. Just my personal thoughts. Let's get it on!
Benefits of a Reverse Takeover [Merger]
The private company that merges into a publicly listed company enjoys the following benefits:
#1 No need for registration
Since the private company will acquire the public listed company through the mass buying of shares in the shell companies, the company will not need any registration, unlike in the case of IPO.
#2 Less expensive
Choosing to go public through the issue of an Initial Public Offering is not an easy task for a small private company. It can be prohibitively expensive. The reverse takeover route typically costs only a fraction of what the average IPO costs.
#3 RTO saves time
The IPO process of registration and listing can take several months to even years. A reverse takeover reduces the length of the process of going public from several months to just a few weeks.
#4 Gaining entry to a foreign country
If a foreign private company wants to become a publicly listed firm in the United States, it needs to meet strict trade regulations, such as meeting the US Internal Revenue Service requirements, and incur exorbitant expenses such as company registration, legal fees, and other expenses. However, a private company can easily gain access to a foreign country’s financial market by executing a reverse takeover.
Trying to give XALL a little traction..did a small hit on the ask for 25k. Would have done more but I already have over $40k tied up in this ticker. In any case, the next 3 weeks should be spectacular. Let's go XALL!
Thank you for your thoughts, Sello!
Exercise in investing...When no one is buying. Time to load up.
Moxy - I like this and would only add; when solid DD is done and the company is a clear diamond. XALL is a winner. I will likely hold this until at least $4-5. I believe XALL will also be an acquisition target in 2021 if they aren't already.
Agree 100%. We will start to fly quickly if they accomplish everything outlined in the 8/20 PR. In fact, Reg A and the 2 acquisitions will provide plenty enough fuel on its own. It's about go-time...I hold out some hope that it happens this week.
We are overdue for an 8-k. Tomorrow sure would be nice!
A lot is going to happen over the next three weeks! September will be the beginning of a nice upward move.
Xalles will continue to foster the realization of synergies between the recently acquired companies. Argus Technology Partners is committed to selling the Brick by MinervaWorks and their Managed Services offerings to its channel partners and direct prospects. Intel365 is completing the development of its new background check services which can also be distributed through the Argus sales network.
Xalles is preparing to have a cryptocurrency technology-based trading solution ready to launch before the end of the third quarter, leveraging ATN Trading’s technology platform and the one-year-old partnership Xalles has with ATN. The recent strength in cryptocurrency is extremely favorable for our outlook, given Xalles Capital’s plans to acquire cryptocurrency assets in 2020.
In the third quarter, Xalles will invite the first group of fintech company applicants to become part of the Fintech Growth Center Program. This program will provide a unique opportunity to a select group of applicants that allows them to grow their company while under Xalles’ guidance and mentoring which could prime them for continued development and potential future acquisitions.
During the third quarter, Xalles will aim to complete the closings for 2 acquisitions previously announced, namely Adaptive Metadata Solutions and 1Rivet Global. Closing these acquisitions could result in a large increase in revenues this year and in 2021, while being transformative to the company. Xalles is also in discussions with a large pipeline of acquisition candidates while it pursues continuing fundraising efforts to support those deals.
Xalles is anticipating that its Reg A public offering will be qualified by the SEC during the third quarter which will give Xalles some flexibility in its fundraising plans going into 2021. The Xalles Holdings strategy also includes a plan to Uplist to the OTCQB (Quotation Board) prior to the end of 2020.
Good post, Reep! I agree. I won't consider selling a single share until the middle of next year when I reach long-term capital gains status. I really think it's a multi-year hold here.
I am in for 6 mil once my 28k (0021) gets filled on the bid.
Got 2M more this morning and getting another mil now.
I will get another 2-6M more tomorrow (depends on which side of the mental due diligence side of the bed I wake up on). I have the dry powder to average significantly up/down at moments notice. Thanks Reep and the entire CZNI crew! I'd like to have 10-20M shares here in short order. Still doing a little bit of DD.
Thank you, Mithras!
I have a question that I am sure was discussed weeks or months ago. In an effort to save some time researching it, I thought I would ask; how long did it take on RBNW and CNXS from Huss appointment to the day the R/M took place? Also, where are we in the timeline with CZNI relative to when Huss took over? Thank you in advance as this will save me a lot of DD.
Thank you very much, PG!
I will be adding a few million more tomorrow to my position.
I found it. :)
What's the talk about a reverse merger? I can't seem to find it or missed it during my DD. I just took a start position for 1 milly but will add millions more once I understand the RM chatter. Thanks in advance for the answer.
Here are some facts and thoughts:
- Fiscal year ending 6/30/19 revenues were $1.882M
- Through 3 quarters of this fiscal year we are at $1.849M
- GAXY will be up over the previous FY
- Q4 I don't think will be earth-shattering because of COVID. There won't be any COVID revenues in Q4 or very little.
- Most of their contract announcements likely didn't come to fruition until after July 1 (PRs we are getting now)
- Q1 will be absolutely huge
- Q2 will be even better especially if the Classroom Technology Solution deal gets closed soon
Per the PR:
- CTS did $35M over the past 11 years.
- CTS is one of the fastest growing private companies in NE FL
- I am speculating they do in the neighborhood of $5M annually just based on how companies generally grow over the years
- The CTS acquisition should be near closing. It was announced on 5/21/20 so it's been over 3 months
Those are my expectations. I hold 3M shares at .011. Go GAXY!
Good stuff today, Reep. Thank you for sharing!
Not going there without devastating news. Outside of that - no chance.
I miss your charts greatly. :)
Encouraging day. Two year hold minimum for me on this one. In other words, it's a 7 figure hold for me and many on here. Simple DD on this ticker. I sell lower middle market private companies (M&A / Investment Banking). My charting skills are maybe average at best (insert some on here that provide it for me...you know who you are). I read, normalize, and recast financials. I can see a gem based on numerical financial data and buy millions based on my only known logic (putting even some charting aside). Those with patience will grin widely in short order.
Good week for sure as I didn't expect it to move this week on no news. Earlier today I averaged down my nearly 1.4 mil but still in the hole about 25%. Up $7,450 today makes it a good week for sure. Just wait for September when things really start rolling! Reg A and two acquisitions completed and likely another acq. or two named. This should shoot up handsomely! Thanks again for all your DD that you share, Reep! It saves me much needed time.
I almost sold some of my 3.1M last Tuesday. Glad I didn't and I will ride this for a while. As Keith Jackson used to say "Whoa Nellie!" Or should we say "Whoa GAXY!"
Can anyone explain how the pending Reg A ties into our current/future share price? I don't fully understand the mechanics of what will unfold over the coming months related to Reg A. I added more this morning to average down a bit...closing in on 1.4M (unfortunately I am down about 30% but oddly not sweating it). Thank you in advance! Go XALL!
Right on, Reep. And, write on, Reep. :)
Same here - one year plan or longer unless something crazy happens like a merger or buyout, and I might take some off the plate. GLTY.
Without any question! I am in @ .012 for 2.95 milly. Fun journey ahead.
What should we expect tomorrow when/if the Q2 is filed?
I am adding again tomorrow to my already 2M plus. I'm averaged around .011 so I am averaging down. Not in any hurry...I like long term capital gains.