It’s been a while since I’ve published a stock market blog, but felt a little motivation today. Life has been busy, but I’ve been ‘dabbling’ with OTC stocks again.
AXXA – Exxe Group, Inc. is a company that appears to be VERY undervalued. Their market cap as of 5/22/2023 is only $3.86 Million, but according to their Financials, they’ve generated more than that in Net Income every Quarter in 2022.
In the past couple of years, AXXA hit a peak of around $0.179 and a 2022 high of $0.0865, but the current 52-week high, on August 18th, 2022, was $0.0217. Yet, somehow has made it’s way down to $0.004 as of late because of some financing (dilution) — which is all over with now, apparently.
On December 7th, 2022, AXXA put out a press release talking about their six step roadmap to maximize shareholder value — which includes talk of a dividend.
On January 19th, 2023, AXXA announced the acquisition of $1.5 million worth of memorabilia assets — stating memorabilia assets have increased 855% during a period the S&P 500 only increased 175%.
On February 28th, 2023, AXXA announced they would “redomesticate” to Wyoming (from Delaware), which would take approximately 4 – 6 months (June to August) to complete. This process “will aid in various corporate goals, including the spinoff of daskonzept group, potential uplisting for Exxe Group, and other significant potential undertakings such as stock buybacks.”, according to CEO, Dr. Nazmiev.
Earlier this week (on May 22nd, 2023), Exxe Group tweeted out a thread of goals / objectives. Check that out here.
It’s my opinion (which is why I’ve invested and will wait for updates/progress) that once this company finishes auditing their financials and continues to announce each of their six steps are completed or in progress, this stock can return to $0.01 (only $9.66 Million Market Cap) – $0.10 ($96.69 Million Market Cap), as their 2022 Gross Profit sits around $41.38 Million (unaudited, as of now).
DISCLAIMER: I feel I need to state the obvious — Yes, I own shares of this company. Yes, I may decide to sell those shares at any time — ideally after large gains. But, we’ll see. Sometimes traders/investors do have to cut their losses and move on. Beyond that, it should be noted that I have never been compensated in ANY WAY to write blogs or Tweet about this company (or any other company).