Exxe Group Inc (AXXA)

[skyrocketinsight]

I sent this to the company:

skyrocketinsight

Member Level
Re: ReasearchThis post# 137957

Thursday, May 02, 2024 9:18:44 AM

Post#
137959
of 137959
I hope something good comes out of this! This doesn't sound that bad, but in the event those restricted shareholders want to take their shares at a loss and are converted at a higher number we are screwed. Restricted shares = so many non restricted shares.

I hope they have in place that restricted share price sales (after they are redeemable) have to exceed 300 percent higher than the share price at the time the deal was made in order to sell those very same shares. I wish they would have made it 3000 percent because that would get some semblance of the previous AXXA share price. Not 98 percent down as a result (per the board) of Boris selling CD's while screwing shareholders.

IMO management needs to be much more transparent! What was the share price when they made the deal?
Does the restricted shares mean that there will be NO share buyback?
What ratio are the shares redeemable? - restricted to non restricted (ie 1 restricted = 2 non restricted)
Why do they continue to buy investments and keep shares as part of the equation when they have so much debt still? Wouldn't it be better that AXXA be content (RIGHT NOW) quit acquiring and use their money (net revenue not shares) to settle their debt with out diluting the share structure.

They (AXXA management) are not transparent to their shareholders.
If they were they would also explain why they never got FULLY audited with all of that net revenue etc. I guarantee you if AXXA was FULLY AUDITED the share price right now would be over .18 (18 cents or higher) per share and the share structure might have hit 500 million (TOPS) if the numbers the company reported (over 200 million in assets, all the net revenue that is produced quarterly) are true.

Exxegroup
@exxegroup
The #ExxeGroup share structure has been updated on OTC Markets.

The Authorized and Outstanding Shares are automatically updated by the Transfer Agent (TA). #Exxe has no input whatsoever as to timing.

Current Authorized: 1,980,000,000
Current Outstanding: 1,936,974,315
https://otcmarkets.com/stock/AXXA/security

Notes:
The last significant issuance was done in January of 2023 and was used to improve the business model to repay debts, reduce interest expenses, and pay off acquisitions.

$AXXA applied the same principles to the current issuances. Management believes the actions taken are a material benefit to shareholders. For example, the Company eliminated $400,000 of debt by issuing shares that settled the debt for significantly less than its market value of $400,000. In fact, we settled this debt for less than $80,000 or 20% of its value.
Benefits:
Eliminating a large interest expense improves cash flow, allows more cash to remain on hand, and improves the balance sheet and other metrics.

In addition, an agreement was achieved with a debtholder to have no further installment repayments on this debt for at least 12 months. We will outline details in the next periodic filing, or the year-end report / #4Q2024.

$AXXA applied the same principles to the current issuance. Management believes the actions taken greatly benefit our shareholders.

The restricted issuance has been done at a significant premium to the market (300% or higher than the share price). This is different from what happens typically in the OTC where stock is issued at significant discounts to the market.

By eliminating millions of dollars of debt at a premium to the market $AXXA is significantly closer and closer to achieving its goals.

Thank you for reading, and we hope to bring additional updates in the upcoming weeks.