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They just did a reverse split 1 year ago
They did not use shares to buy the hotel in Thailand
They said they will audit one asset at a time, the first one around June and they just tweeted an update regarding it is coming early May.
This is not a tremendous amount of dilution doubling in 2 years when they have a ton to show for it. So many OTCs that dilute 99%, reverse split etc, diluting 50% slowly over 2 years is totally acceptable. The problem here is that OTC is not where money is flowing so all stocks on the OTC suffer.
Doubling O/S should mean shares are 50% less valuable, hence 50% price drop. But pps is down much much more than that, too much to justify the O/S increase especially now since they have assured us there will be no more O/S increases or share issuances and the last were done in January.
There were no shares for sale between .0275 and .042, someone bought the 0275s and then the next shares available at 042 as if a market order was done. Then .03 was put on the ask. It seems someone is against 03s, doesn't make sense. Feels like an easy pop to .05 can happen quickly
Has the company put out any filings to trigger some buying? Only 1.3 million volume but 0002 on the ask has not been seen since last year.
I'm bullish here but why do you think an OTC pink company could have a market cap of almost a billion dollars?
Yes it needs to break the 60 MAs, too many times got right up to the 60 and back down just like today. No problem as long as it breaks over soon the run will start I think.
Most buyers are probably waiting for momentum or something big on the charts. This needs to break over the 60 day MA in order to show strength, and hold over the wilder 60 day to show potential for a huge move.
8 million is very low still
This scam stays pink current and tradeable which you can't say about many otc companies the past year that went down to no bid (CE or expert).
Also scams like their share price higher for conversions and I believe Rachel Cook still has a lot of shares to convert and .0002s aren't good enough.
They will have to scam the share price higher at least 400-1000%
Why do you think this will pump hard? They never communicate or do anything for for the stock. Do you know something or have a hunch? I've been holding this hoping and praying it moves up and doesn't die like many tickers these days that go to expert market.
Why is L2 so thin but nobody buying it up? 0015s are right there with just 500k in the way.
Company said no reverse splits, share increases, or share issuances and that the OS and AS are locked.
More false statements from you
$AXXA SINCE JANUARY 2023 NO PLANS FOR R/S
— Exxegroup (@exxegroup) March 14, 2023
NO PLANS FOR A/S INCREASE
NO PLANS FOR FUTURE ISSUANCES
FIXED O/S
PLANS FOR
QUARTERLY REVENUES GROWING TO 15,000,000.00
FURTHER DEBTS/INTEREST REDUCTION
SPIN-OFF
AUDIT OF FURNITURE-DESIGN COMPANY
HOTEL DEAL ACQUISITION
A LOT MORE$AXXA pic.twitter.com/Zui9ekvWkz
Told you guys, no reverse split, A/S increase, O/S increase going forward, only positive news and increasing revenues and increasing shareholder value. Once people catch on to this the stock will be bought up and held.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AXXA&src=ctag&ref_src=twsrc%5Etfw">$AXXA</a> SINCE JANUARY 2023 NO PLANS FOR R/S<br>NO PLANS FOR A/S INCREASE <br>NO PLANS FOR FUTURE ISSUANCES <br>FIXED O/S<br>PLANS FOR<br>QUARTERLY REVENUES GROWING TO 15,000,000.00<br>FURTHER DEBTS/INTEREST REDUCTION<br>SPIN-OFF<br>AUDIT OF FURNITURE-DESIGN COMPANY<br>HOTEL DEAL ACQUISITION<br>A LOT MORE<a href="https://twitter.com/search?q=%24AXXA&src=ctag&ref_src=twsrc%5Etfw">$AXXA</a> <a href="https://t.co/Zui9ekvWkz">pic.twitter.com/Zui9ekvWkz</a></p>— Exxegroup (@exxegroup) <a href="
14, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>$AXXA SINCE JANUARY 2023 NO PLANS FOR R/S
— Exxegroup (@exxegroup) March 14, 2023
NO PLANS FOR A/S INCREASE
NO PLANS FOR FUTURE ISSUANCES
FIXED O/S
PLANS FOR
QUARTERLY REVENUES GROWING TO 15,000,000.00
FURTHER DEBTS/INTEREST REDUCTION
SPIN-OFF
AUDIT OF FURNITURE-DESIGN COMPANY
HOTEL DEAL ACQUISITION
A LOT MORE$AXXA pic.twitter.com/Zui9ekvWkz
LOL!!! You are going back 5 years to the highest price and calculating today's price? LOL! Go back a few more days and you will see the stock is up 600%
My point was that even after over 1 hour there was no negative reactions to the O/S update because it was entirely expected due to transparency and announcements from the company. Obviously nobody is worried about the price tanking here.
1 million volume today and not a single sell to the bid after today's O/S increase. All share issuances/conversions are done so nobody wants to sell. But there will be bashers that probably have bids at lower prices.
45 minutes market open and 0 volume. Nobody dumping?
It's about 15 minutes after open now and Penny you are up and awake posting here. AXXA has 0 volume, why didn't you sell yet? Are you holding? Or you have no shares? If you have no shares, why are you here, are you trying to buy at the bid?
LOL what are you talking about? That's not how it works. I don't even think you kno what a CDer is, you just copy that term from ORCA
There was no lie - he said final share issuances were made. That is clearly saying he issued more shares (increased the O/S). He said no more share issuances in the future! That means there will be no more A/S or O/S increase or reverse split. In fact a recent PR says part of their plan soon includes share buybacks. So sure the O/S is up 20% in 2 months, but also the price is down 28% in 2 months.
There has been no lie, everything they said so far has been true. If the O/S goes up one more time then they will have lied.
Nobody is hiding anything, he said they issued the last shares (at much higher prices), and O/S is updated. Now since they have no plans for future share issuances, the O/S will remain here (market cap currently only 5.3 million). Current and future shareholders will no longer see their shares diluted. Although there will still be conversations for a while from past shares issuances, it has never been too much and this can still run very high. 99% of OTC stocks have share conversations every day, traders and investors area more concerned about further dilution, risk of reverse splits and chance of losing current status.
Go ahead and sell your shares at
0067 if you are upset at the O/S going up. It only went up about 15% in 2 months and the price is 30% lower in that time, so it is not only oversold from the past months/years but oversold since the last O/S update.
Now they are reporting new record months and several catalysts upcoming soon. This is a buy and hold at this level no matter what you think about "CDers".
Best of luck to all of us.
x100xPercent
Im tempted to dump my 2 million shares here at buy BBBY stock and calls, then come back here in a month or 2 and buy 5-10 million shares.
After hours 1.45. Hit new low today because of market crash, now we know the bottom is in time to fly I think.
Now I see that 1 billion shares were offered, but 350 million sold for .0010 per share ($350k). They paid $90k in audit and legal fees and still have $257k cash to the company
Looks like a 1 billion share offering and also shows a payment for an audit. So it seems the CEO doesn't plan to let the stock go to the grave.
Dr Blunt, a form 1-Z was just filed. Your thoughts on this please? Thanks.
Just noticed BLAS backed off to .02, was sitting at .0075 for a while now.
I agree completely with this but it's not the entire answer. Another major factor is personal savings levels in the country are extremely low. If you look at otc in general, most stocks are down big just as they were up when personal savings were up. The last time personal savings accounts were up was when the first $2,000 stimulus checks were sent out during the start of the covid pandemic. Since that time savings accounts have gone only lower and lower just as OTC stocks have.
What about buy the hype sell the news? Seems like this is a sell the news situation.
You are so full of false statements
Old TA
The OS will change the same amount as usual when the TA updates it, a small percentage as usual. Then when it updates again in the near future it will not change because as the company tweeted they issued the last shares issuances related to conversions. So there will still be shares conversions but not worse than it has been and then it will stop. This stock is only going to go up, if you are here to try to get cheap shares, better get nervous trying to get cheaper than .0060