VirExit Technologies Inc (VXIT)

[beer$$money]

$VXIT IMO there is a valid reason for this delay in positive progress to report. Something all of us know all too well is "It takes money to make money!!"

Initial 1-A was filed on 01/24/2022 and after multiple Amendments the Qualification was issued on 06/01/2022.

https://www.sec.gov/Archives/edgar/data/1591615/999999999422000198/xslQUALIFX01/primary_doc.xml

So we know from this filing that VXIT tested the demand for these shares:
SEC Expansion of “Testing-the-Water"

? X Yes
On September 26, 2019, the Securities and Exchange Commission (SEC) adopted new Rule 163B and related amendments under the Securities Act to expand the permitted use of “testing-the-waters” communications to all companies regardless of size or reporting status, including business development companies (BDCs) and other registered investment companies. The new rule enables any issuer, including those that are not an emerging growth company (EGC) or any person authorized to act on the issuer’s behalf, to make oral and written offers to qualified institutional buyers (QIBs) [1] and institutional accredited investors (IAIs) [2] before or after the filing of a registration statement to gauge investors’ interest in an offering.

Then you have to deal with the required Individual State Registrations:
PRELIMINARY OFFERING CIRCULAR DATED MAY ___, 2022
An offering statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the offering statement filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state

So here we are and I'm sure JK is just as frustrated as we are that this process has consumed as much time and effort as it has!

NOTE 11 – SUBSEQUENT EVENTS
Management has evaluated subsequent events through July 12, 2022, which is the date when these consolidated financial statements were issued, and is aware of none requiring disclosure, except as noted below. In June 2022, the Company issued Convertible notes in exchange for $75,000. The notes are due in ninety days from the date of the note. Repayment is to be in the amount of $93,750. In addition the note holders received 37,500,000, one year $0.002 warrants. The notes also carry a conversion option, election is at the option of the note holder, to convert the note or any portion of the note into common stock shares. Conversion is to be calculated at 75% of the lowest trading price during the ten trading day period prior to the conversion date.

Must have been a huge need for this $75K note and I think we find out by the end of this month that this will be a September to Remember!!
Quote: "I hope so trust me I really hope so."