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looking dead around these parts given greatest pinky market of all time and bigs going off the rocker. Hope all you doing well. Was hoping to come in here and find buckey with 10,000,000 TSNP from .0001 turning peanuts into millions. not selling .30s and finally stopping out .10 for 100,000% gains
good eye. thanks bud
thanks. You got a link?
it hit 8.50s couple years ago when things weren't anywhere as dire as in this crazy time. Not here to rub it in or give you hindsight advice. But going forward maybe when get quick 200% moves try to take at least something off. Big long term lows/highs tend to act as floors/ceilings. That bounce came right to around lows from couple years back, old floor that became ceiling once it was breached. Good luck
probably opens on pink sheets tomorrow
woah! you guys still alive in here hah How ya been bud?
crazy times! hope you been crushing it. think I had my best month ever. not so much just nailing downside with bias. just flipping intraday moves.
looks like a 10 billion share stock which had no volume/interest? Drops this much on 2M shares? Company/insiders likely started selling. Wouldn't touch this with a 10 foot pole.
dang look at that volume for few days before news hit. Can they be anymore obvious about front loading this? Pretty much 0 volume before then.
crazy this got beat down so much so fast after 5,000% run. Almost back to where it started. Been watching last few days and looks like someone cleaning up. Seems like all retail trading too, no dilution. Been slowly nibbling for bounce to .002-.003.
perhaps some. most of the volume on chart is above todays close though. So most are now likely stuck bag holding.
Yes DILUTION not a problem people keep saying... while stocks get sold into oblivion.
when it was trying to break .01 it barely had any volume. over 60,000,000 dumped all the way up here .019-.04. That is DUMP. Not a comparison to a time when volume was few million max at way lower prices. Chances are company released DILUTION shares to note holder to pay up their debt.
If you look at chart and things going on during the run with stock now stock getting dumped 50% in minutes on news it appears to be 100% spot on. It is the definition of pump and dump.
thanks! 50% hair cuts are always nice.
there is no shorters. Stock got heavily pumped and sold down huge on news. Classic pump and dump.
finally pulled the plug. Knew they'd start diluting was just off in my timing. All the prop bids and small sellers on ask to induce buying. This thing is toast.
wow sweet move. congrats longs
yes trading very nice. Thankful for quick $225 from little buy Friday. Good luck.
if you were around ihub long enough you'd know age doesn't automatically update. I been here a minute or two...
Took business management classes over 20 years ago and been trading since but thanks for suggestion.
Nice chart here so likely goes up short term but this will not end well. Seen this story play out thousands of times. Bought small starter position Friday and was debating to add but you talked me out of it. Good luck. Executed
Sell 100,000 AXXA Limit Day
01/22/19 10:27:05 AM EST
100,000
0.0155
"$250k is friggin Peanuts and they have already stated in their business plans it will be paid off within 3 years."
Exactly. Curious why it would take 3 years to pay down 250k with $100M assets? If they returned just a few % on their properties per year it would bring in millions.
It is hilarious. Company buying up $100,000,000 assets and can't afford to pay down $250,000 note.
assets don't come for free and they don't appear to have $ to pay off a small note so something has to give.
They have properties worth about 50M now? Yet don't have money to retire a 250k going on how long? About to buy another 50M in assets too? Interesting.
Definitely no RS in the plans for now. Company still has plenty of shares they can sell.
As noted before I like the chart but have questions about a DILUTIVE note wondering why the company is hiding the terms. Before buying any pink potential DILUTION issues is my #1 concern. Like the potential rewards but have to protect yourself from 99% downside too as we seen here last year .3s to .003
Never said they need to do a RS? I said it won't hit .37 without a RS.
Seriously... Stock hit .37 when float was virtually 0. Its not hitting .37 with over 200M float is all I am saying.
Yes read it and posted what was relevant on the board which isn't much. I want to know terms of the $250,000 note which they had for a long time but won't disclosure any information on. But they do disclose plenty of information about hotels they don't even own yet. Just looks suspect is you ask me.
I remember trading it during that time. It hit those levels after FS when nobody had their shares. Had almost 0 float and collapsed after people started getting their shares and selling. Float is in the 100s of millions now so .37 is probably not going to happen. Not without an RS anyway.
I did its just very vague. Is this what you are talking about? It doesn't have the terms of the old note and doesn't say what kind of capital raising they'll be doing.
"With regard to the debt matters, the Company has approximately $250,000 of aged convertible debt on its books which it inherited from the original Canadian issuer. Since the Company went through reorganization and redomiciled to Delaware, it permitted a certain level of negotiation to protect shareholders and investors from excessive dilution."
"The first part of the plan of Exxe Groups strategy is to complete the roll-up of a number of companies with which we are currently working as well as conclude some of the capital raises in the first quarter of 2019."
Been a long time since traded this and liking the chart set up. But from quick DD this jumps out. "conclude some of the capital raises in the first quarter of 2019" Reeks like dilution might be coming?
Also the old $250k note that management claims is not toxic. Many of these tend to be at 50-80% discount to lowest price over last 20-45 days. Assume its lower 50% discount rate from low price of .006. Say Tuesday stock hits .02 and they decide to start converting. It'd be 83M shares worth $1,600,000.
Not saying this is the case here but on pinks this is how most of these dilutive notes work. Anyone have terms for these notes or is company hiding it?
maybe just had a gtc order that stayed? nice when get a freebie in right direction like this.
nice job!
that good open was a lotto put gift
Harbs moved to UT so I might stop though visit him. Park City is on my Ikon pass. Always had epic pass but all the mountains in Tahoe area on it close 3rd week in April. Last year bought Ikon pass in spring that has Squaw and Mammoth on it, two mountains that stay open until July 4th usually.
Love Mammoth area. Last spring spent 2-3 weeks out there. Build a couple nice camp spots deep down some dirt roads. If drive up a little higher on mountain get great 4G service. So I'd work till 11 then go snowboard until 4. Then catch some trout for dinner in creeks. After dinner go chill in hot springs. Rinse repeat day after day.
CA is expensive almost everywhere, been looking around last year. You'd probably find affordable spots that'd fit your bill in Siskiyou county. Gets remote but beautiful mountains and elevation high enough for snow so there is rivers and some lakes.
which ski town? In Chicago at the moment but will be heading west soon. Got Epic and Ikon pass. Will stop in CO on way back. Probably do Abasin, Beaver Creek, Vail and Snowmass. Maybe do night skiing couple nights at Keystone if not too beat on way back to Denver. Couple days in UT. Snowbird and Park City most likely. Then back to CA. Hearing Tahoe getting dumped. Get most days in at Kirkwood and Heavenly during the year. I am sure will get at least half dozen days at Mammoth later spring when other mountains close.
been around just don't come on ihub much. mostly in live chat, bit more useful and quicker than msg board.
BTW think of NFLX like an old pink sheet promo stock run by APS. On way up it can't possibly pullback and have a red day. But when it breaks and crashes ugly you'll be in calls 280 area and it won't want to bounce $1.
Cheers! Actually sipping a whiskey over here as I type lol