GEX Management Inc (GXXM): $2.8 million debt & insufficient "cash o...

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GEX Management Inc (GXXM)

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Re: 02opida post# 23661

Saturday, 06/10/2023 4:09:38 PM

Saturday, June 10, 2023 4:09:38 PM

$2.8 million debt & insufficient "cash on hand to satisfy such obligations"
PROOF directly from recent filing:

The Company has outstanding loans and convertible notes payable aggregating $2.8 million at February 28, 2023 and doesn’t have sufficient cash on hand to satisfy such obligations.

https://www.otcmarkets.com/filing/conv_pdf?id=16561642&guid=oLT-k6Nt6FVaJth

At current prices that's ~1.5BILLION more shares (I'd say MINIMUM) to cover that debt, as noted in their filing & reported here..

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Recent GXXM News

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
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:22:30 PM
Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/21/2023 08:00:34 PM
Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 02:09:47 PM

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