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Apologies for the typo, where did I say that? It was a large subsidiary of a foreign corporation which required a tight audit window literally completed in about three weeks. Also didn’t mean to imply I did it by myself. Please disregard if I stated it was a public company. It was a large company not publicly traded. Quite a bit larger than daskonzept. Is all I meant to say. With preparation and resources an audit can be completed quickly.
All of that is bs boy.
Despite all of your later stated experience. 1. You say you have experience with audits and hiring firm is level 0. That’s not true one needs accounting records to audit, one needs support for accounting records to audit, one needs to prepare for an audit. A company never audited needs more time to prep than a perennial auditee.
2. You say it will be later in 2024 before audit is done. If you had such experience with audits you would know that an audit takes only a few months to complete if a client is indeed ready and prepared. Really large companies are audited on a continuous basis. A small company like daskonzept could take a few months or many years depending on adequacy of records and complexity of the business.
If the company is prepared as hoped, March is an easy deadline. I’ve turned around larger audits in weeks. It has more to with auditor resources and client preparation than anything else.
Sorry to see you go Orca. To greener waters. Good luck
Financials released on OTC
When AXXA reports earnings they do so as a stock owner of other companies that they own a controlling interest of. $10 million of profits reported on financials is only $5.1 million of actual earnings on paper. And where do you think that money is? It’s in the businesses they own being used for operations. It’s not received by AXXA. It could be eventually in the form of dividends but growing companies don’t pay dividends.
Are you trying to shame me for buying the shares on offer for cheap? Should I have offered double? I’m not worried about share price today. Nothing I have done has caused the price to go down - it’s already higher. Orders fill everyday all below book value - just wait until share price corresponds with the enterprise value.
See you next year!
Stock price always goes down on financial release. Every quarter. I can tell you I had a buy order ready for today and it just filled :)
Haha to Louinjaxx point, you can’t really post anything positive on this board without getting targeted - that’s true for the past two years. And I thought I provided a pretty unbiased review here today.
I think you’d have to be very interested in losing money to short this stock right now. 5 year lows while assets and equity increase.
I don’t know who’s selling shares.
Crowmarsh appears 14 times in the disclosures
Now look at the convertible notes
I don’t know - lots of things. And in the end I cannot answer this. But I share my thoughts below which isn’t worth much.
On the company side: they need to support their numbers in some way, restore faith and trust. Follow
through 100% on time all the time. When they say they’ll do a spinoff with estimated date 6/30. Perform spin-off by 6/30 and at the very least provide new update if target will be missed. I believe 2022 was not a good year from a management perspective. Their performance left much to be desired. I also think the acquisition of memorabilia was bad and I was myself suspicious of related party deal.
From the investor perspective and let’s be honest, investors determine the price. Cost of money is more expensive than years past so people are more risk averse today than they were last year and the year before. There are more shares to buy, and I think faith in management has been lost. Just look at this board. A lot fewer active posters. Less interest for sure and this shows up in the volume. The price does not do well on low volume.
You are referring to promissory notes. These are being accepted by lender Crowmarsh in lieu of cash due on defaulted convertible notes. I don’t understand your point when they literally paid off $7.5 million of debt.
I pay off debts every month but I also use a credit card. The debt I pay off may cost 5% but the credit card is free to borrow on.
End of the day I don’t think you truly understand the structure of the company, the ownership, and the implications of all of this.
You’re worried about a $12k loan. The cash flow statement indicates that a net $7.5 million in debt was paid off during the year. No spin necessary
Dude you’ve been here a long time with wild swings between this is a scam and we’re going to the moon. If you can’t sleep, sell and move on. I think exxe is years away from the value you seek. Going to take a lot of auditing and probably some debt pay down. The price indicates this is highly risky.
Yeah! It does! Exxe group is a holding company that owns on average 51% of the investments it makes. Clear? Ok, moving on
At the end of each year about 28 entities report to Exxe their financial results. Exxe group consolidates all of it and adds it’s own results in as if it’s all one company.
Exxe group reported $15 million in profit. How much cash did investors get? It appears Exxe doesn’t get dividends so they don’t have cash coming into them.
I have a whole portfolio of investments. If I sell none of it, I have to live off the dividends and interest. If that’s not enough and I don’t have a revenue stream of my own which exxe doesn’t, I would need a loan. It’s paper income because the subs use it for their operations and growth.
Sorry I can’t really make out what you’re trying to say. You’re replying to my comment on profit with an incomplete thought about revenue. Please explain
Top line revenue?? Did you see profit?? Where 0.21 of every dollar of revenue was profit last year. This year 0.31 of every dollar of revenue is profit. Yeah no big deal.
Not quite, I get a 67% increase in Op Ex.
Interesting take 11.5 million to 19.2 million is not really nearly double. Double would have been 23 million. You seem to miss that COGS decreased 8 million and yet they generated 4 million more in revenue. That’s the key takeaway. It’s far more interesting
Whoa man, no way! Audits require support. Receipts, documents, etc. additional work is required on internal controls which can reduce the risk of the audit and the cost of the audit. But in a lot of cases and especially with startups they move at break neck speed on low budgets. This company is made up of at least 28 companies that would all require audits.
That is an audit nightmare and insanely cost prohibitive. Additionally, a first audit requires work on both beginning and ending balances. An audit would best be prepared for a year or more prior to the audit.
I disagree, the risk here is that fraud is being committed and the price is zero. There is a range of probability there. Say the company spins off one of its assets as had been planned. Wouldn’t that indicate to the market that perhaps the balance sheet is more probably true? It’s a big if I know but a possibility.
Going higher - always does
it will go up or it will go down. that i know
only down about 35% in the past 15 minutes.
Hey Fyi, here is his twitter - last posted in late May. Maybe took some time away https://twitter.com/shawn_bosi?s=21&t=wi0fu1Fnz7SAc6iab1QkGQ
2. my point about 600% increase was in regards to it being done despite the dilution. not that others should have benefited. but opportunity to benefit could return.
3. value is down significantly over the past 5 months - but this is par for the course. seen this 5-6 times over the years. traders are still very skeptical and it’s on the company to assuage those concerns.
4. i’m sorry i do not see an $11,000 debt on the ledger. i can’t find this one. i do know that even if you’re correct at 2,000,000,000 shares fully diluted, that calculates to a book value of $0.126 pps. Book Value
5. AXXA is a holding company similar to an investor, when any company earns revenue do shareholders receive revenue? nope - they receive dividends when the company approves dividends.
7. all stocks have risk - some more than others. this is risky. but the risk is all in their honesty. they’re either lying and committing fraud or it’s an untapped gold mine.
four years since the change from tlnuf the share price is up 600% with all the dilution you speak of - even after months of red - seen that many times before. the company is building something out of nothing. the debt conversions you are concerned about are some of the smallest debts on the books. The company has a market cap of $5 million. Whatever the share count the value is increasing - maybe the value of my shares get diluted but either way the market cap is going up and when that goes up my investment goes up. A few messages about this are totally warranted but regularly for months is inexplicable. this is a no brainer investment.
there is always a risk of fraud in any stock some larger risks than others. risk/reward consideration = send
Hahahahahaha. Boris? that you?
I know you’re mad but i’ve been here four years and i’ve made a very very good return on this investment.
they used to
i’ve been here 4 years and people have expressed similar sentiment through out. believe me the share price has appreciated. the company needs some form of assurance even if just one sub but in the long term it makes no difference unless it’s a fraud. but plenty of frauds pass audits too. so… what’s left is a decision to believe in or not. risk/reward then? from that perspective, the answer is easy. $AXXA - set it and forget it
It got to about .18 - .19 around 2/17/21 and spent about 15 minutes in that range. it hung out around .12 for a while but eventually came down.
When the stock moves it moves fast. It falls much slower. Audits would help a lot I think - even just one audited sub.
In 4 years of AXXA, the stock price is up a lot in percentage terms(0.001 - 0.025). We’ve come a long way and still so far to go; the good part.
Red as expected today - hope you’re right about tomorrow.
LFG!! $AXXA
anything new here?
on this day 4 years ago TLNUF was trading in a range of 0.0005 to 0.005 and for the long term investor that’s a remarkable gain.
i don’t think that makes sense. AXXA is down on 7 million volume today. maybe you’ve never seen this fly - but it goes fast.
it’s there
hey which note is that? i don’t see it
i hate financial statement errors
Totally valid concerns. Here’s my take for what it’s worth. Please critique.
They own majority interests in their investments. As 51% or more owners they incorporate 100% of the subsidiaries’ financial activity on their books though they really only have ownership of 51%. the revenue doesn’t go to EXXE, it goes to the sub. the sub uses it for operations unless deemed available for dividend/distribution which is unlikely in a company with growth potential. Are you following? So the books look great but the company only owns interest in the companies and that activity makes up EXXE’s financial statements. EXXE probably doesn’t have much money and what they do have they use for administrative, legal, and PR expenses hence the issuance of debt for growth.
Investors needs to understand that the books look better than what is
actually owned by EXXE due to GAAP’s prescribed accounting treatment of investments, this is called the consolidation method and is required.
To lose money on this stock one has to try to lose money.
Play smart