penguin007
5 hours ago
Here's another update as of July 12, 2024:
Audits & Spinoff
As of July 12, 2024 Exxe Group has completed the preparation of two years of books for its
subsidiary, designarchive AG (fka Daskonzept Group AG) as requested by the auditor.
The Company continues to work with Fruci & Associates to conduct a comprehensive audit of
designarchive AG (fka Daskonzept Group AG). The designarchive audit will encompass all
relevant financial aspects of designarchive AG's operations. This includes balance sheets,
statements of operations, stockholders' equity, cash flows, and related notes (collectively the
"financial statements").
While the spinoff strategy for designarchive AG remains on track, Exxe Group is preparing a
parallel strategy that could be implemented in the event certain external discussions reach
fruition.
maddyandboomer
19 hours ago
Here is a quick list of crap in report...I am not here to do their job but I am an investor who brought other investors and expect accurate reporting by the company.
1. They used the same interest numbers from FY 2023 report for convertible debt (and have been for q1, q2 and q3 of this year)....some notes show interest listed in financial notes and have no interest accrued listed in table 3B ($7.5 million notes from 2021 and 2022 don't have any interest calculated and interest was listed at 4% in financial notes)
2. Table 3B does not contain a 96k note listed in financial statements from 2014 to an undisclosed party that, by their own filing, has not been paid.
Both 1 and 2 affect the financials and are paramount to giving the public an accurate snapshot of the total principal and interest due by the company to Convertible note holders.
2.5 The company issued 150 million unrestricted shares on 3/20 to Talgat Ilyasov and Duane Phillipe...considering only 44 million shares traded after the issuance to the end of reporting period, both should have been included in the officer/director/control person disclosure table as 5% holders.
3. The number of common shares on the balance sheet do not match other numbers published in disclosure. The Q3 table 3A issuances never matched with published numbers and they were never fixed.
4. The Preferred B count increased by 1.2 million shares from Q3 Report to Year end report but they do not list who was issued said shares.
5. "JMV" was issued 25,000,000 unrestricted common shares but the company does not disclose who is the control person of JMV; which is required by OTC.
6. The financials note refer to Fruici & Associates as their auditor but they do not list Fruici as auditor on disclosure.
7. Peter Sallade is listed on the officer/director table as owning 840 Preferred C shares...it should be 840,000.
penguin007
2 days ago
If reports are real, there could be some huge positives here, and unfortunately there's also some unknows and the dilution factors. Will we get the much needed audits, or will we continue stumbling down this long and winding road to who knows what/where/when? Only time will tell all, until then we have options; buy up cheapies, hold what we have, or sell and move on. I'm sure we all can agree that life can be challenging, we have to make our own choices, and hope we choose wisely. GLTA