Replies to post #10589 on Exxe Group Inc (AXXA)

[fahrenheitjules]

I'm going to go back and re-read the email from Paul. I have it posted on this board's website. Now I'm not so sure

[fahrenheitjules]

From Paul's January 2014 email:
"The plan for us to get up to 4 million in assets mid spring and then enter the AMEX Exchange at $2.00 value. We are protecting our investors in the company and they will receive after Finra approval what they paid in Preferred shares. There will be a point where there will be a market adjustment on common shares but all Investors will be protected with their preferred "B" shares. These shares will be restricted for one year."

Two things:

(1) He says preferred "B" shares however the PR says preferred "C" shares. What's the difference? Or was this an error? (Now granted Paul's email came 8 weeks before DIVY approval.)

(2) His email says shares will be restricted for one year. Does that mean they cannot be converted back to commons for 1 year? (Again, this is from his email which came 2 months prior to DIVY approval so some terms may have changed in the actual approval by FINRA)

[fahrenheitjules]

Today's PR does mention converting back to common shares and doesn't state anything about restrictions or any timeframe. It simply says that removing the debt quickly will allow shareholders to convert back presumably more easily.

"Telecorp’s strategy is to eliminate all the debt as quickly as possible so that after that the preferred stock holders can convert into common stock. We have cleared a lot of debt with more to come and we are already gaining equity as well, which in turn will help us on the cash side. Our plan is to have no debt and large amount of equity. Most important the preferred shares will protect each investors original investment amount"