Tuesday, April 09, 2024 12:35:23 PM
$AXXA
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Indeed, with almost $17 in stock traded in the morning session, it does appear a small run is underway. Probably spurred by the following announced company pledges:
1. common share repurchase program. (CSRP)
2. Debt reduction instrument plan- negotiating with convertible debt holder on 'friendly terms', i.e., shifting debt to preferred shares, guaranteeing preferred holders 400 common for each Pfd share. (DRIP)
3. Audits by Fruici Assocs. Could happen in coming years. (the AFA plan)
4. Spinoff of Dormant Subsidiaries. (the SDS plan)
5. Pleasant surprise in earnings -- after posting 14 straight quarters of stellar 30 - 80 % higher earnings. (the PSE plan)
6. Another future acquisition transaction of a phantom company (the F.A.T. plan)
7. A hidden increase in Authorized shares of 1B -- giving shareholder more room to buy shares at sharply lower prices, Savvy holders moved quickly as new authorized were maxxed out within hours.
8. Re-domiciling company registration. (the R.D. plan)
All good things, any way you look at it - surely enough to spark a small rally.
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AXXA
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