Saturday, April 20, 2019 11:57:43 PM
Below is my due diligence on how I came to this conclusion; please provide feedback on the flaws in my argument, your opinions on my conclusions, and mostly importantly, READ THE 8-K!!! In full disclosure I have quadrupled my position in GXXM since I discovered this 8-K buying between the ranges of .0017-.0031 this week and last...
Summary: GXXM has been newly incorporated into "PR345", the former CEO Carl Dorvil left GXXM in Oct to orchestrate this deal, MMMM is acquiring PR345 (GXXM) at $0.10 a share to diversify their floundering current business in the mining industry.
Research and Analysis
On 04/02/2019 @ 6:06AM Mineral Mountain Mining & Milling Co. (MMMM) filed this 8-K/A with the SEC
https://www.sec.gov/Archives/edgar/data/66600/000147793219001377/mmmm_8ka.htm
This 8-K/A is an amendment to an 8-K filled by MMMM on 03/27/2019 @ 5:30PM which discloses they have entered into two Share Exchange Agreements with two separate companies.
"On March 22, 2019, Mineral Mountain Mining & Milling Company the “Company”) entered into two Share Exchange Agreements (collectively the “SEA’s”) with: (i) PR345, Inc., a newly organized Texas corporation (“PR345”); and (ii) NuAxess 2, Inc., a newly organized Delaware corporation (NuAxess”). Pursuant to the SEA’s, which were filed as Exhibits 2.1 and 2.2 to the March 27, 2019 Form 8-K, the Company agreed to acquire all of the capital stock of PR345 and NuAxess in exchange of the issuance of shares of Series C and D Preferred Stock, par value $0.10 per share, to the shareholders of PR345 and NuAxess as discussed more fully below."
Why is this pertinent to GXXM shareholders?
It is my belief, and I will show my research, that the company listed as PR345 is GEX Management Inc. (GXXM). From the 8-K, this is the description given of PR345:
“The Company has determined to enter into the PR345 SEA because of the reasonably based projected growth potential and new business opportunities afforded by PR345’s business plan which, in substance, provides that PR345, a designated minority-owned business enterprise consulting firm, shall: (i) provide specialized staffing services for a variety of professional industries including, but not limited to, medical, education, financial services, technology and hospitality, among others; (ii) provide specific back office services including accounting, payroll, and a full complement of Human Resource (HR) benefits; and (iii) either directly or indirectly through third-party relationships and strategic affiliations, acts as a Professional Employer Organization (PEO).”
This is the exact business of GXXM, even down to the detail that it is minority-owned!
THEY EVEN HAVE THE SAME EXACT ADDRESS!!!
"This SHARE EXCHANGE AGREEMENT (the "Agreement") is entered into as of March 22, 2019 by and among Mineral Mountain Mining & Milling Company, an Idaho corporation ("MMMM" or the "Company"), with offices located at 13 Bow Circle, Suite 170, Hilton Head, South Carolina 29928, on the one hand, and PR345, Inc. ("PR345"), a newly-organized Texas corporation with offices located at 12001 N Central Expressway, Suite 825, Dallas TX 75243, and the shareholders of PR345, on the other hand."
From the GEX Management's Website:
CONTACT US
12001 N Central Expressway, Suite 825, Dallas, TX 75243
Lastly, the 8-K says, "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 closing of this transaction is subject to the Board of the Company and PR345 completing its due diligence of the documents, information, and facts relevant to this Agreement on or before the date of April 9, 2019"
It is my opinion that this acquisition will be announced next week with the financials. This is what I found and what I believe is happening behind the scenes with the company. It also makes sense as to why the AS was increased to 10,000,000,000 to avoid a hostile takeover. I welcome your feedback on my conclusions and look forward to the discussion.
Recent GXXM News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 05:55:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 05:54:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:14:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 03:40:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 10:07:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 09:15:53 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 11/13/2023 09:11:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/01/2023 08:38:56 PM
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