Replies to post #15383 on GEX Management Inc (GXXM)

[MikeyInTheD]

They make more money compared to holding their worthless notes in a BK and getting zero.

[Melly Mell]

Most converts should be done or very close to being done. .


Dilution analysis:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149164584

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149186622

Notes related to analysis:

On April 26, 2018, the Company entered into a convertible note payable for $146,681 bearing interest at 10% per annum. All principal and interest is due on April 26, 2019 Paid

On August 14, 2018, the Company entered into a convertible note payable for $250 ,000 bearing interest at 10% per annum. All principal and interest is due on May 6, 2019. Paid

On January 18 2019, the Company entered into a convertible note payable for $226,000 bearing interest at 12% per annum. All principal and interest is due on July 18, 2019. Seems to be paid as per analysis.

On August 8, 2018, the Company entered into a convertible note payable for $85,000 bearing interest at 10% per annum. All principal and interest is due on August 8, 2019.
Could be outstanding.
On August 24, 2018, the Company entered into a convertible note payable for $85,000 bearing interest at 10% per annum. All principal and interest is due on August 24, 2019. Could be outstanding.


These are the notes (or partially paid notes) that took the share price down. They seem to be trying to get the notes out of the way.


On February 15, 2019, the Company entered into a convertible note payable for $43,000 bearing interest at 10% per annum. All principal and interest is due on February 15, 2020

$792,681 total.

GEX has been able to reduce the overall convertible notes burden on the balance sheet which totaled to over $1.2M by over 40% of the principal outstanding balance to less than $750,000 as of April 2019 through strategic conversions of these notes to common equity initiated by the convertible note issuers throughout Q1 2019


In addition to these planned strategic growth initiatives which are expected to fully materialize during the second half of 2019, management has been focusing on materially improving its balance sheet by significantly reducing or eliminating the debt or debt like instruments related to convertible notes and asset related liens introduced in 2018 while simultaneously exploring opportunities to reduce or eliminate the high interest MCA related toxic debt instruments that resulted in significant interest expenses to the company and a burden to operating capital.

https://www.otcmarkets.com/filing/html?id=13443482&guid=J1fyUqZTk6vf6th



I think a lot of the .0002's were washed today imo. They were sold into the ask yesterday, and I think most of those same shares were re-sold today @ .0002 after the dilution scare. So far looks like maybe 80,000,000 share dilution/coverage, OTCX just left after the 40M. we'll see eod.


$GXXM