Enjoying life.....
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 have great opinions.
Could be any of those.
Baiting again, huh? It fits your MO perfectly.
That's not what others say...
So the disconnect, then, is either the company and/or the Transfer Agent and/or the OtcMarkets and/or the calendar.
We all post opinions, therefore your knowledge of how and when share A/S or O/S, is shaky at best also.
Besides, the company is going to manage shares however is necessary to maintain the company's business plan and fiscal requirements at any point in time.
Opinion until you show the mechanism for reporting shares is as you said...
So, have you called the Transfer Agent yet to ask when the current A/S and O/S was certified and who really submits this data to them? You might also ask when OtcMarkets gets this data and ask why OtcMarkets only publishes updates once a month.
Personally IDC.
The company will figure it out, so don't worry you little pea-picking heart about it.
I question that assumption, otherwise known as your opinion..
That was true at a fixed point in time....but time changes things.
Like buying a new car and telling people that the car is worth whatever you paid for it. That, of course, was true at the instance you bought it, but AS TIME PASSES, like when you drive it off the car lot, your situation has changed and your car is depreciating and no longer what you paid for it. Savvy?
That's like saying I just bought a new car and I have no plans to purchase another new car, but then TIME PASSES and I find the need to purchase a new car.
Same is true for Exxe Group Inc. They said they had no plans (at that time, last year) to issue more shares, but the TIME PASSED and in ordered to to follow their business plan, to acquire more undervalued companies and through sound business practices, increase the value of those assets, their outlook changed and they needed more shares in order to acquire a new business concerns that probably were not available a year ago.
That is how this holding company works.
Now if that bothers you, then sell all your AXXA shares and buy something else, that conducts business like you want it to. Good luck with that.
They never stated the time frame that a A/S increase would be held at bay. No increase for nearly a year is pretty good for a pink
We don't know that. We only know when a note was issued, not when it was paid nor renegotiated. Quarterly report only shows one instance of a small note being delinquent.
Ot appears the company is doing just that, this no court actions happening
If the number os share authorized is first reported to Wyoming Secretary of State, who then notifies the transfer agent who notified the OtcMarkets, then you can see where the reporting chain gets fouled up. Any change in Share structure reported to Wyoming takes about 2 weeks to be certified, and the Wyoming reports to the transfer agent, but, Wyoming does not report this change electronically, rather their's is a paper reporting system.
Nice opinion. Sorta far fetched, but still just an opinion. Me thinks you don't understand the concerted effort Exxe Group Inc is making to mitigate outstanding debt, and constantly paying down debt in the tens of millions as evidenced in their last quarterly report:
"The Company continues to make improvements to its balance sheet, liquidity, and debt-to-asset ratios as evidenced by changes between the periods ending September 30, 2022, and
September 30, 2023. During this period the Company increased cash on the balance sheet from $460,154 to $807,021. Long-term debt decreased by $19,069,339 from $56,525,384 as of September 30, 2022 to $37,456,045 as of September 30, 2023. Total debt decreased by
$20,614,542 from $75,741,454 as of September 30, 2022 to $55,126,912 as of September 30, 2023"
"The Company continues to make improvements to its balance sheet, liquidity, and debt-to-asset
ratios as evidenced by changes between the periods ending September 30, 2022, and
September 30, 2023. During this period the Company increased cash on the balance sheet from
$460,154 to $807,021. Long-term debt decreased by $19,069,339 from $56,525,384 as of
September 30, 2022 to $37,456,045 as of September 30, 2023. Total debt decreased by
$20,614,542 from $75,741,454 as of September 30, 2022 to $55,126,912 as of September 30,
2023"
FYI, Misunderstandings are not lies.
I prefer water at room temperature, but at least it is devoid of the preservatives the city adds to tap water....flourine.....chlorine.....etc.
There you go again, lying about the company's accomplishments.
I'll consider the source of thaty remark.
Increasing A/S does not mean they issued shares. When they issue shares, that increases their O/S.
...as is your opinion...
the company has stated, repeatedly, that they have been working with their lenders to renegociate/reschedule terms of maturity.
It's a matter of opinion. Period.
Simple....if an opportunity develops to acquire a new business, that is when a holding company needs additional funding to move forward. For a penny stock such as AXXA, their BoD made the decision to increase the A/S to accommodate their needs. It does not mean that they are going to issue a billion shares, however.
That's a great opinion, though not a valid one.
We can't bet on iHub (sic)
Colors of money.
Never said valid for only a year. They made a statement about not seeing the need to increase A/S about a year ago, and it is an observation that their statement remained true for about a year.
OTC MARKETS recognizes that there is often a disconnect or delay between the company, the Transfer Agent, and OTC MARKETS in reporting changes in share structure. No biggie and certainly not criminal in nature.
there is nothing coming from the company to indicate that the share buyback is not happening. There last remarks were that they would be meeting later this month to review progress to making the buyback happen. So we wait and see.
not lies....but questionable opinions....too numerous to mention. I appreciate facts and share DD about the company when it can be validated.
The remarks: "NO PLANS FOR A/S INCREASE" was a valid statement for a year, but AXXA is a dynamic company, and after about a year, certain aspects concerning running the company, must have changed, thus necessitating an adjustment to the A/S.
Wrong...no one posts facts here....just opinions.
OTC probably sees this all the time and would probably tell you to just chill
SEC would never get involved in any disputes of this type...but FINRA might. Still, all this has happened within the last month, so rather than getting your panties in a twist, just wait for updates to play out.
The disconnect is it is the transfer agent that updates OTC Markets. Eventually it will all catch up. If you have a problem with that, just contact OTC Markets....They can always use a good laugh.