Exxe Group Inc (AXXA)

[Akahn22]

From a previous poster, just to keep you updated.
(They emailed me this on Tuesday...

Until FINRA approves the Convertible Preferred Stock Dividend, I am not at liberty to discuss measures designed to protect stockholders from the dilution that has already occurred. We had a substantial amount of aged non-affiliated debt on our balance sheet that was compounding because it went unpaid, and now that situation no longer exists, thus the increased in the authorized and issued capital to make allowances for that debt to be converted and removed. We are awaiting FINRA Approval on our stock dividend, and once we have it, better clarity will be afforded to the stock holders as to the nature of the dividend and the corresponding rights and privileges of the Convertible Preferred Securities.


Sincerely,

Paul Phillips
President and CEO

That would make one think dilution is over and they have used it to pay debt. Soon we will have news of dividend, audited finicials, they become fully reporting and up list to at least the OTCQB. Another email I got from them this week stated that their products will go live this spring. Patience should pay if they follow through.)