Exxe Group Inc (AXXA)

[dubz25]

Yeah, they are not cheap at all. And this is a first year audit so beginning balance sheet balances need audit work too. It’s nearly two audits at once. The bill for this has to be over $200k with all the subs spread across the world.

A Financial Statement Review would be significantly cheaper and provide some assurance albeit very limited. But it would be a good start. Never seen a publicly traded company have a financial statement review.

As I have heard, no OTC stocks perform audits. They audit in order to up list. So while this is risky, it’s a bad strategy to wait for audits before investing. I think you’d miss opportunity. The play here is trust in management which you would want even with audits. Audits only confirm your trust. You cannot rely on an audit for trust but an audit can help to confirm trust. An auditor won’t catch all fraud as explicitly stated in the audit opinion. Bet what you can afford to lose and forget about it. Maybe someday your investment will grow 40x or more. When I look at comparables and follow through and communication, the risk vs reward becomes a lot more favorable to me and so I am less concerned with the day to day movements and the other irritating things that go on here. I believe the value is here like no other opportunity i see.