Exxe Group Inc (AXXA)

[davied25]

$.15 for the $120mm projects on BOOK VALUE alone, but likely much more. $.15 is very conservative using a 2:1 asset to liability ratio from the last report. Until we know details of the transactions and see balance sheet, won't know for sure. I like a conservative valuation like book value so if assets were sold off and liabilities paid, what would be left?

120mm - 60mm (est.) = 60mm. Divide that by 399 OS = $.15

Add that to what's already been acquired and I think this could legitimately test the .37 high from last year. $AXXA