Exxe Group Inc (AXXA)

[davied25]

Because they are currently showing as a baseline assets (value at the time of purchase) as they are just now monetizing/incorporating them into the business and don't have them audited yet into hard assets. When they start booking revenue and show their "value" after several months, think how much more their audited value could be worth then the purchase price? They expect their real estate assets to grow in value, I don't think they would do deals for other assets or business segments they didn't think would have the same potential, right? Look at this tweet reply from a couple months back for context of their strategy:

"Eric, audits on both sides take time. It takes time & money. It's a matter of strategy, either we will take one asset & spend a few months auditing it or we aggressively acquire multiple quality assets and audit all of them. Audit is the goal; we cant do any faster, CPA is on it.

12:50 PM · Mar 19, 2019"