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re: Will 2024 be different?
$AXXA
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The good news:
Short interest = 0. Days to cover = 0
source: https://shortsqueeze.com/?symbol=axxa
The bad news: Upcoming reports.
Shareholders have come to dread AXXA's Q reports. There is nothing encouraging in them but much to fear. Typically they exhibit a worsening financial condition as those reports sadistically list hideous new toxic debt issuances. Observe how revenues increase arithmetically but toxic debt danger increases exponentially (under conversion formula). Not good. Since the company is unwilling to pay its obligations in an honorable way, shareholders know that they themselves will shoulder the burden of this spendthrift management and will be buried under further irresponsible dilution. That share dilution fear will trigger a further downward spiralling of the share price, a decline which remains intact. Meanwhile, the old debt reduction is cynically well concealed in Prfd 'C' shares at a staggering 500 common to 1 prfd 'C' share ratio which go unrestricted by year end. If you examine their last tweet, the writer curiously showers praise exclusively on the company's 'funders' (read: toxic note lenders) - not the shareholders, the ones who've absorbed the -87% price decline over 5 years. The CD holders will enjoy 600% effective interest rate gain on their loans when conversion rate factored in. Once these 'C' shares redeem, it will be like a vacuum bomb detonation, totally obliterating the shareholder equity.
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Hard to imagine being a shareholder on the receiving end of this ticker's quarterlies:
Burying shareholder equity
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$AXXA. ****. $AXXA. ****. $AXXA. ****. $AXXA. ****. $AXXA. ****
re: Non-stop spending
$AXXA endless dumping on shareholders....a reckoning coming
Quote from the EN**ZC board:
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"I’ll admit, I never saw the “we’re switching gears from medical cures to selling bedpans,” a 180 degree switch coming down the pike. Even with the warning of “no assets, no patents, no operations” since last summer, I didn’t see them throwing in the towel like this. This is pretty much like most otcs now, next to no real value, reckless dilution, empty promises of all these things they’re going to do that never really go anywhere."
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Almost everyone knows the result of the above tickers misleading promises. (An implosion). Investors got caught up in the company promises for too long. Then the bottom fell out. Does anyone know who they ($EN**ZC%) engaged as an auditor?
Anyone? Yep, Fruci Associates.
By the way, Louie, Cordoba, Reserch, and D.C-Kee will be joining me outside at the next shareholder convention, all of us eager to scoop up
any new pre-meeting handouts AXXA provides about their pending catalysts:
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$AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA. ***. $AXXA.
CE removal tentative CYBL
Thanks for your post, awesome!
While your take on GDP, growth, inflation and soft landing reflect the caution closely seen in the Beige Book, you are sharing with guys whose jaundiced, sky-is-falling view of the economy sounds something like that overserved guy on the next barstool who thinks Larry Ludlow is an economist, AH revived Germany in the 1930s and finally, of course that the USA was better off under the gold standard.
They're a tough crowd.
Watch it move.....
You are correct! (Again)
re: CDers 500-1 preferreds
$AXXA
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Indisputable on all points. Thanks for your post.
In February, 2021, (at the monthly low) AXXA had a market cap of $6,880,000.. Today the tangible market value is $487K. (The $220MM in assets notwithstanding). A loss of $6.4MM in market cap in a period of 3 years. (source: Barron's)
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AXXA is the very definition of financial ruin.
re: Why dilute?
$AXXA
Quote:
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Why dilute if you’re making cash profits?
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According to Barron's and MarketWatch, AXXA total capitalization is just $478.13K. That is not enough to pay the officer salaries of their 5 member staff.
Therefore they must keep dilution tap open just to keep the lights on. Prospects are dim here for AXXA to simply maintain its current value.
Forget the $50 million in revenues (if planet earth is still your home). That's as meaningless as the audit. These guys couldn't audit an empty toilet paper roll.
Re: company on the up-and-up?
$AXXA
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Agreed.
Show me one instance where this company spent 1 cent on improving shareholder value in 5 years.
Hiding $11 million in debt inside a 1B share issuance ( which are redeemable at 500 commons for 1 preferred) is not helpful. Those preferred shares are like neutron bombs hidden inside the company filings, Ready to obliterate the share price at that 300% multiple of the .0012 stock price. Proof: When the company announced this issuance on Feb. 13, the stock was $0.0023. Three weeks ( and 1B share issuance) later it was settling in at $0.0011 (it's new home). The beauty of dilution.
Here's an 'opinion' below that should caution anyone who thinks that there's $220 million in assets underlying this company:
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$AXXA hit another 6 yr low last week. $0.00105 *** (while the S&P 500 hit an all-time high).
If you believe a rising tide lifts all boats, well it's not working here, cap'n. , This boat has been permanently scuttled by the skipper himself -- not the investors, not the shorts, and certainly not the market.
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AXXA return*****vs S&P500 Index
1. YTD -30.43%. vs. S&P 500:+33.59%
2. 1 Yr -73.53%. S&P:**** +28.36%
3. 5 Yr -86.88%. S&P: **** +87.04%
4. 3 Yr. -97.34%. S&P: **** +33.72%
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The trend is not your friend. Not with AXXA
$100 invested in AXXA on 02/12/2021 at yearly low (before runup) now worth: $2.36
WSJ: AXXA tangible share price: - $0.11
MarketWatch: AXXA tangible asset value: $428K
Source: https://finance.yahoo.com/quote/AXXA/?.tsrc=fin-srch, Wall Street Journal, Mar. 13, 2024
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$AXXA market leadership-
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Where's master of charts?
Last I saw him minutes ago, he was trying to turn the chart upside down, the better to fit his patented multi-Indicator ChartMaster parameters!
Go Chartmaster!
Go Igpk!!
AXXA telling fables
[color=red][/color]$AXXA
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Enron Corp collapsed in Dec., 2001, a victim of hubris and aggressive accounting practices. The accounting firm Arthur Anderson, LLP went down with it. It was a spectacular demise, a lesson in how officers were able to book future profits as current, but hide
debts and losses in commodities and energy contracts from shareholders. I myself have never been in the energy field or in the private sector.
Well, $551 stock traded hands today in our $2,185,000 company. Saddled with onerous debt, questionable assets, no one appears to be looking our way. Unattractive to buyers and investors alike. People shopping for an investment seem to be skipping past this one. Looks like the stock price is marked down to salvage value. Aye.
re: Telling the truth
$AXXA
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What truth? The market is telling the truth better than this company ever could. Anyone remember when AXXA was forced to remove
that $80,000,000 of 'goodwill' from the asset column of the balance sheet? Erasing that ridiculous figure was the only helpful gesture this ticker ever made on behalf on the shareholders ---
but only because they were forced to do it. Still makes me wince.
Bet they are going to remove even more phantom assets before long. These guys are like the bookkeepers at Enron -- booking debt as assets and losses as gross profits.
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How about $0.0011?
After buys at $0.0026, $0.0021, $0.0016 and $0.0012, those
$0.0011's sure looked tempting.
Then, I remembered the how those investors that came before thought that those higher prices were indicative of a bottom.
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$AXXA *** $AXXA *** $AXXA ***. $AXXA *** $AXXA *** $AXXA ***
Is this another 'opinion'?
$AXXA
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$111 in stock traded today, with 1 hour to go.
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$AXXA
Is this an opinion?
AXXA hit another 6 yr low today.
$AXXA
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AXXA return*****vs S&P500 Index
1. YTD -30.43%. vs. S&P 500:+33.59%
2. 1 Yr -73.53%. S&P:**** +28.36%
3. 5 Yr -86.88%. S&P: **** +87.04%
4. 3 Yr. -97.34%. vs S&P: **** +33.72%
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$100 invested in AXXA on 02/12/2021 at yearly low (before runup) now worth: $2.36
WSJ: AXXA tangible share price: - $0.11
Source: https://finance.yahoo.com/quote/AXXA/?.tsrc=fin-srch, Wall Street Journal, Mar. 13, 2024
Market indexes now at or near all time highs. AXXA now at 6-yr lows with deteriorating share price, market capitalization, momentum, shareholder participation and management's evident unwillingness or inability to arrest the steady stock price decline in any sort of meaningful way. Trying to interest
AXXA in boosting the SP is like giving Viagra to a dead man. It does nothing.
re: Hope good news comes......
$AXXA
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Can't list how many prospective investors in years gone by have happened on a press release of AXXA's, then did a quick DD showing: 1.)$220MM assets, 2).$50MM revenues, 3.) 30-120% quarterly growth rates and 4.) diversified vertical subsidiaries. Seeing those attributes they excitedly concluded they had finally discovered that rarest of OTC gems, a highly, fantastically profitable company, an undiscovered motherlode, a phenomenon unknown in these parts.
All of them are gone now, some unfortunately passed away, the others drifting off to other prospects, the few oldtimers remaining are just here to gawk now at the grim shell of what once was, remembering the old boom times that --in retrospect-- never really measured up to the dream that AXXA long ago promised.
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$AXXA
re: Expediting matters: IGPK.org
[color=]$IGPK[/color]
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Thanks. Enjoyed the research, the DD, the updates, the commentary and, of course the listing ceremony.
Funds clearing Friday for a substantial block. The more you look at this, the more airtight it gets. Submitting
the symbol/name change before the annual slowed but didn't stop this company. They're persistent.
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An honest assessment
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$XALL
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Admitting to ourselves that we misjudged someone in a position of responsibility is much healthier than prolonging
a false hope (that things will brighten eventually). That this meretricious CEO continues this charade unchecked
surprises me and probably astonishes the rest.
.
But at least I know the SP is heading where it belongs.
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$XALL
Re: $0.0001 is doable
$AXXA
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For AXXA to achieve the magical .0001
goal, it must
1. Keep their restricted and 'C' share amounts growing
2. Keep the toxic lenders first
3. Keep signing promissory notes at 300%
interest.
4. Keep dilution spigot open.
5. Continue using common stock as a blank check to pay for reckless borrowing
Downward share price momentum
$0.10 >> 0.01 >> 0.001 >> 0.0005 >> 0.000 3>> 0.0001>>> 0.000099
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AXXA market cap 07/30/2020 $6,800,000.
AXXA market cap 04/20/2024 $483,290. - 92.96%
source: MarketWatch
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Charting a new course........
Debt reduction, buyback, etc
AAXA
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AXXA's dim prospects
$AXXA
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PERFORMANCE
5 Day ****** 0.00%
1 Month **** -26.67%
3 Month **** -42.11%
YTD ******** -51.11%
1 Year ******-75.56%
Market Cap: $438.29K (1/3 what filings indicate)
source: MarketWatch
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