Exxe Group Inc (AXXA)

[4gh1rx]

re: Next leg


$AXXA



re: New beginning for AXXA

$AXXA
________

Whenever this company relates something hopeful to shareholders, you can d@mn well be sure the opposite is true. With a stock price at 6-yr lows, the ticker struggling under crushing $52MM and growing of CD debt (some of it deceitfully disguised as preferred at 500-1 conversion ratios), AXXA has 6 outstanding pledges to shareholders (from share buybacks, possible dividends, to 4 spinoffs, debt reduction, audits, Reg/A, asset auctions, consolidations, high volume fintech,' 12 LOI's, to shareholder vouchers -- they tried everything they could, but none of those pledges is even a whisper of being started; so embarrassing that the company refuses to even talk about these past pledges. In a frantic move to keep the barbarians at bay, they are clearly out of bullets. Thus, the newly conjured potential sale of an 'asset' offered to shareholders. Really hopeless.

And now, with 60 million shares dumped into the bid in the last 48 hours, you can easily see the future is dimmer by the day for AXXA. In 2020 this company had a $6,880,000 capitalization with a 450MM O/S compared to today with just a $487,000 tangible asset value and 1,98 B shares outstanding (per Barron's and The Wall Street Journal). you can bet this company has as much chance of rising again some day as this rusty old Soviet-era bomber found in a forest.

Saying today that they have indications of interest from a possible buyer on an asset is about as believable as the the seven pledges above, none of which ever came to fruition. First off, there's not a shred of evidence that they even have any ,assets -- only their word. Second, why would a company with $213MM in assets and $52MM in annual revenues continue signing egregious promissory notes at 300%--500% effective interest if the company is only 'growing' at 30%.. Sell the assets, you boneheads.
What kind of business model is that? PhD in economics, for chrissakes and he's borrowing at mafia rates. What a moron. Even a person with a minor in Home Economics from a junior college would be smarter than that. Idiot.
_______________________________________________________

No, I wouldn't think this a the first leg of a new journey..



More like the last stop on a tragic one....
_________________________________________________________