GEX Management Inc (GXXM)

[StockRoomBully]

Y'all Please be aware the steps thats needed to close this deal. Aranger Maybe you can calculate the dates and come up with an educated guess when we should expect News.

Noticed final phase $400,000 payment

HERE ARE THE STEPS IN THE 8K . PLEASE YALL NOTICED STEPS THAT ARE ALREADY DONE BASED ON COUNTLESS DD FROM SOURCES LIKE BLOOMBERG "RECENT TRANSACTIONS" AND PAT DILEO OFFICIALLY A CEO OF $MMMM ANSWERING ON THE MOST RECENT PR FOR $MMMM.

"Upon the closing of the SEA’s (the “Closing”), PR345 and NuAxess will become wholly-owned subsidiaries of the Company in exchange for the issuance of 400,000 shares of newly designated Series C Convertible Preferred Stock (the “Series C Shares”) as follows: (i) 200,000 Series C Shares issuable to Sunlight Financial, LLC (“Sunlight”), a Texas limited liability company and the control shareholder of PR345, owning 75% of its capital stock; and (ii) 200,000 Series C Shares issuable to IDH Holdings 2, Inc. (“IDH Holdings”), a Delaware corporation and the control shareholder of NuAxess, owning 75% of the capital stock its capital stock."


"Upon the Closing, the Company will also issue the minority shareholders of PR345 and NuAxess a total of 400,000 shares of newly designated Series D Convertible Preferred Stock (“the Series D Shares”) as follows: (i) 200,000 Series D Shares to Draper, Inc (“Draper”), a Nevada corporation: and (ii) 200,000 Series D Shares to Carriage House, Inc (“Carriage House”), a Delaware corporation, in exchange for all of their shares in NuAxess and PR345, representing 12.5% and 12.5% respectively."

In addition, at the Closing, the Company shall place in escrow the shares of Series B Super Voting Preferred Stock (the “Super Voting Shares”) issued in the name of its Chairman, Sheldon Karasik, to be released to IDH Holdings or its designee at or after Closing, which shares were issued on March 21, 2019, pursuant to resolutions of the Board of Directors dated November 5, 2018. The Certificate of Designation for the Super Voting Shares was attached as Exhibit 99.1 to the Company’s Form 8-K filed on March 21, 2019.

This phase imo already happened Pat Dileo is Ceo

"The Closing of both SEA’s is subject to the satisfaction of the conditions to Closing set forth in Section 1.03 of the respective SEA’s at or prior to the Closing, which shall take place during the week of April 1, 2019 or shortly thereafter. The conditions of Closing include, but are not limited to: (i) filing of Certificates of Designation for the Series B Super Voting Preferred Stock (which has been filed with the Secretary of State of Idaho) and the Series C and Series D Preferred Stock (which have been submitted for filing with the Secretary of State of Idaho); (ii) Felix Keller, a member of the Board since October 23, 2017, shall resign as a member of the Board, which resignation shall be executed and delivered to the Board on or prior to the Closing; (iii) Sheldon Karasik shall submit to the Board his resignation as CEO of the Company; (iv) the Board shall approve the appointment of Pat Dileo as new CEO of the Company and, pursuant to the terms of the SEA’s, ratify and approve the appointment of Carl Dorvil, Pat Dileo and Derrick Chambers to the Board, joining Sheldon Karasik and Michael Miller, on the newly constituted Board of Directors; (v) NuAxess and/or PR345 shall pay $100,000 into an account designated by the management of the MMMM Mining Subsidiaries as working capital for the operations of those subsidiaries; and (vi) the Company, NuAxess and PR345 shall amend and/or modify the Equity Financing Agreement with Crown Bridge Partners, LLC (“CBP”), dated October 1, 2018, to provide that 20% of all proceeds from the Equity Financing Agreement, will be paid and deposited into an account designated by the MMMM Mining Subsidiaries for the sole benefit and use in the operations of the operations of the MMMM Mining Subsidiaries, for use primarily as working capital for in furtherance of their mining operations. The Company, NuAxess and PR345 have been informed telephonically that CPB has agreed to the foregoing amendment, which amendment shall be executed during the week of April 1, 2019 or shortly thereafter.

Final phase

The parties also agreed that: (i) within 30 days of the Closing, NuAxess, PR345, MMMM and their designated representatives or third-party investors selected by NuAxess and/or PR345 and approved by MMMM, which approval will not be unreasonably withheld, shall make an additional payment of $400,000 to the MMMM Mining Subsidiaries assuming funding is received, and, in the event such anticipated financing is not received, the Company will be obligated to deliver to the MMMM Mining Subsidiaries the first $400,000 of debt or equity raised by the Company within 5 business days of receipt of such new financing

Sources:

$gxxm proof merge april 2nd pic.twitter.com/IImKd7Lqhi

— !ncogn!to (@StockRoomBully) April 20, 2019

$gxxm evidence merger pic.twitter.com/s1RCJ6ixfg

— !ncogn!to (@StockRoomBully) April 19, 2019

$gxxm merger done! pic.twitter.com/Q3DgmUDPY0

— !ncogn!to (@StockRoomBully) April 18, 2019

https://www.sec.gov/Archives/edgar/data/66600/000147793219001377/mmmm_8ka.htm