AXE EXPLORATION INC V.AXQ

Post transaction valuation

[Chris2982]

We should be considering the value of the shares after this new company starts trading. After the resverse stock split there would be 3.5 million shares outstanding plus the 25 million to purchase Terranueva plus the 2.5-4 million dollar private placement means there should be somewhere around 35 million shares outstanding when it’s all done. 

If you look at every other weed company on the tsx they have market caps of at least 100 million which would give this new company a share price of roughly $3/share once it starts trading or 3x higher than the current close of 96 cents post split price. 

I havent done much looking into this Terranueva company but based on every other weed company 100 mil doesn’t seem like an unrealistic market cap to expect. This also assumes there should no minority interests which I’m not sure about

[Desperado89]

Wish that was true, but its not. I can show you a hand full of weed companies that are valued at $75M, $50M, heck, even $25M. Remember, we do not even have a license yet. So there is no way we are worth $100M. Maybe once we get the license and actually start production and have some sales.... but that is a few years away still. Anything can happen but I just don't see this thing trading at $3

[divot111]

This insider enrichment deal should not be able to take place. Stuff like this should be illegal. AXQ management you are as unethical as they come imho striking a deal like this. Remember it’s the common shareholders who,suffer immensely when you pad your pockets at a 50% discount to market price. It’s actually way worse when the financings are added in. 1100% disgraceful and unethical as it gets.

[divot111]

Actually after splitting 16to 1 and giving themselves the rest of us shareholders’ money at half of the post split price they are going to increase the share count almost 10 fold if the share count numbers are up to date. So at .50 that makes our shares pre split worth .03ish. After increasing the share count tenfold that makes our shares post split worth ..003ish which is less than half a cent if

[divot111]

Correction: should read...shares pre split worth .003 not post split

[Investor4real]

You and others had a chance at last AGM to vote these guys out?!! What happened? The benefit of a doubt is a killer! I know!! Nevertheless, once this deal falls through; we will always have next years AGM! You are now on the clock, to find replacements! 6 months and counting!

[Desperado89]

Divot, your math has some serious flaws. I get what you were trying to do, but it doesn't work that way. Post split at the price of the upcoming PP our current shares are worth about 3 cents.

[divot111]

My math is correct I believe but of course it will trade higher than the number I posted but not much higher imho. I see it trading around the .12 cent mark when the dust settles post  split and after closing of deal. Either way, mega mega mega losses for anyone stuck holding through the halt and the process of this unfair and unethical imho deal. IIROC and OSC complaints are a must. Do not

[Desperado89]

lol divot.... and please tell us why you would see this trading around $0.12 post consolidation and post deal? That's less than a penny pre-consolidation. The deal will close at $0.50 and then drop all the way down to $0.12? You must be sampling some of the companies products my friend. There will be about 4M shares free to trade post deal... no way those 4M shares will drive the price down to

[Happy2K18]

I meant that relatives and friends sold at 12 and 16 cents and dropped to 3 cents. They make a 16 for 1 and leave the new company and vote for cheap options. we call it thugs so as not to insult the bandits.

[Happy2K18]

J'ai investi 25 K dans cette merde et je suis sur le point de le perdre parce que je ne veux pas que ces voyous enrichissent une autre compagnie qui nous ruine. Je vais voter contre et plaider auprs de l'AMF et demander une enqute et faire la mme chose.

[divot111]

I would like to know how or if they are related or connected to the company they are buying. Nobody gives a deal like that unless it is to family friends or themselves imho.

[Happy2K18]

You touch a good point is a gamic transaction I hope all shareholders will vote against and these thugs will lose like the little ones, finish the shenanigans