Tuesday, May 14, 2024 1:11:39 PM
$AXXA
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Agreed.
Show me one instance where this company spent 1 cent on improving shareholder value in 5 years.
Hiding $11 million in debt inside a 1B share issuance ( which are redeemable at 500 commons for 1 preferred) is not helpful. Those preferred shares are like neutron bombs hidden inside the company filings, Ready to obliterate the share price at that 300% multiple of the .0012 stock price. Proof: When the company announced this issuance on Feb. 13, the stock was $0.0023. Three weeks ( and 1B share issuance) later it was settling in at $0.0011 (it's new home). The beauty of dilution.
Here's an 'opinion' below that should caution anyone who thinks that there's $220 million in assets underlying this company:
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$AXXA hit another 6 yr low last week. $0.00105 *** (while the S&P 500 hit an all-time high).
If you believe a rising tide lifts all boats, well it's not working here, cap'n. , This boat has been permanently scuttled by the skipper himself -- not the investors, not the shorts, and certainly not the market.
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AXXA return*****vs S&P500 Index
1. YTD -30.43%. vs. S&P 500:+33.59%
2. 1 Yr -73.53%. S&P:**** +28.36%
3. 5 Yr -86.88%. S&P: **** +87.04%
4. 3 Yr. -97.34%. S&P: **** +33.72%
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The trend is not your friend. Not with AXXA
$100 invested in AXXA on 02/12/2021 at yearly low (before runup) now worth: $2.36
WSJ: AXXA tangible share price: - $0.11
MarketWatch: AXXA tangible asset value: $428K
Source: https://finance.yahoo.com/quote/AXXA/?.tsrc=fin-srch, Wall Street Journal, Mar. 13, 2024
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$AXXA market leadership-
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