IMO Interesting thought, we will see what they have been up to in the next release!
For me, with all the riches proclaimed, they still continued to take on more debt, WHY, just "pay off the debt" instead of allowing loyal shareholder to be diluted into the sub pennies.
Shareholder buyback??? lol Just those last 2 notes in only 3 months could add 62 million additional shares. Why not just take any spare $$$ cash and pay off existing dilutive debt, stopping the damaging shareholder dilution, or will they take out debt just to buy shares for eye candy?
I'll be watching closely but I think it's like getting free Haribo Sugar-Free Gummy Bears! lol (look them up)
Good Luck,
TAZ
RE:
Quarterly Report For the period ending September 30,2023
Cash at Beginning of Year 644,365
Cash a tEnd of Period 807,921
45.OnJune26, 2023, the Company issueda21-monthconvertiblepromissorynoteto Phil Lomanov for $50,000 with10%annual interest,10%off thelowest traded,plus6%ifdefaulted.
46.OnSeptember18,2023, theCompanyissueda21-monthsconvertiblepromissorynoteto VladMalce for $75,829 with10%annual interest, 10%off the lowest traded, plus 6%if defaulted.
RE: NEW YORK, NY / ACCESSWIRE / October 18, 2023
As part of the CSRP, the Exxe Board has granted authorization and instructed the Executive Management team to establish a dedicated bank account at TDBank with funds exclusively earmarked for Exxe Common Share repurchases.
The Common Share Repurchase Plan will allow the Company to initiate repurchases of Exxe Group Common Shares at the Company's discretion. Establishing the dedicated bank account now ensures funds will be available for use to execute share repurchases subsequent to market announcements.
The Board has also reviewed the entire plan to ensure that the CSRP is fully aligned with the long-term vision of improving shareholder value. The Board anticipates the CSRP to result in improvements to the Company's capital structure, as well as to strengthen the company's financial foundation.
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