Advanced Explorations Inc. ADEXF

hey Goofy goofy

[white_charvel]

You have no idea how Mr. Gingerich operates first of all. Who knows what he has up his sleeves. Xing Xing pipes is very fortunate to have him in there corner. He knows what else is on the properties. The iron is an appetizer....You are an idiot..... unfortunately for us we are subjected to this blo job queen.

[Greenandgrizzly]

AXI, even with the recent run-up in the stock price, has lost 81% of its market value under Gingerich's tenure as CEO. I'm not sure what he has "up his sleeves." Probably more bad ideas and more bad management.

[white_charvel]

Yeah you are right again......you are always right about this company. From now on I am going to listen and read every word you say on this board please keep me us informed with your knowledge and expetise on AXI it is very valuable and I hold it in high regards. Thank you for gracing us with your presence and please stay here and post. We need you

[Oldguy]

G&G, I never said the convertible debenture was not debt. But this is a very good form of debt. It is interest free and has a term of two years. There is no indication that principal has to be paid over that two year term. When it is converted and it will be within the next few months, the JV partner will have 6.8% of the outstanding shares. This convertible debenture makes sense. In

[Greenandgrizzly]

I think it's a very bad idea for a junior company with no cash and no revenues to take on debt of any form. This is not ranting, or ignorance, it's common sense. Convertible debentures, and other forms of debt, are deadly for juniors without positive revenue streams. It's a hail mary move and it often turns out badly. See Royal Coal and a lot of other companies. * How do you know

[justsaying]

I hate feeding the troll, but its so easy to point out the bias in his posts its hard not to.  Shouldn't the real question be - if everything you are saying is so correct and AXI is such a bad play - why on earth would XingXing give AXI (re:Gingrich the theif in your opinion) this $5 million dollar loan with such exceptionally positive terms for AXI?  Here is a large Chinese company,

[rpdeluca]

Save all of these posts and then you'll have the pleasure down the road to post like I did last week all of the predictions he's made and how incorrect he was.  Don't waste your time..

[rpdeluca]

Oldguy how dare you post something that makes so much sense...shame on you

[rpdeluca]

At least we have  a strategic partner in play...GaG head posted over a year ago that ADV would have their deal locked and loaded in no time...his response was "they are waiting for the best deal"...it's hard to imagine that if the ADV project was so great why a Chinese investor would not have jumped on board long long time ago... btw, there was a Chinese Symposium held at the

[Greenandgrizzly]

This is an absurd comparison. ADV closed, in 4 days, a $40 million investment from a private equity fund. Do you really think they're in a weak position to sign an offtake deal? AXI closed, in 4 months, a $5 million loan. 8X the investment and a private placement instead of a debt instrument. * The projects can't be compared. ADV is trading on the NYSE this Friday, it's playing in a

[Greenandgrizzly]

"a 'bought deal' without the costs of a finder's fee and over alottment ect . Saves everyone money with out all the hassels" * This grammatically challenged nonsense is the most ridiculous thing I've read on this board. The convertible debenture saved AXI and XinXing "hassel" and saved the companies money? Are you kidding? Private placements typically take

[justsaying]

Speaking of nonsense - "XinXing wanted a debenture over a private placement for exactly one reason: they may want their money back, and soon." So XingXing did a deal for $5million dollars with no interest over a 2 year term beacuse they MAY want their money back soon?  Do you even read what you write?

[Greenandgrizzly]

Explain why XinXing chose to convertible debenture over a private placement. Is it easier to get approved by the Chinese authorities? Nope. Does a convertible debenture close faster than a private placement? Nope, it took 4 months. * Then what is the advantage of a convertible debenture? It allows XinXing the option, but not the duty, to convert the debt into shares. The debenture finances AXI'

[Greenandgrizzly]

That's a good comparison, actually. A zero percent car loan, even though it's on great terms, is still debt. If you don't pay it off then the car will be repossessed. * XinXing has given AXI a $5 million loan. If XinXing doesn't convert to shares, and AXI can't pay the loan back, then XinXing has a claim on AXI's assets (it's 49.9% interest in Roche Bay and Tuktu). A

[Greenandgrill]

If the only reasonable explanation for the debenture is that XingXing will ask for the money back - where does the money come from? The debenture has been spent for the DFS! So there is no money anymore. Do you think XingXing is really that dumb?

[going-on]

Greenandgrill, Greenandgold, Greenandgrizzly or green and gaga ... all the same person post only junk. It´s so funny and everytime he post this junk i must lough and lough. What a poor man this must be

[Greenandgrill]

"A debenture can be dangerous. If AXI can't pay the loan back, then XinXing has a claim on AXI's assets." * But in your opinion the assets are just a lot of frozen mud with some iron in it. Is that really a good deal for XingXing?

[Greenandgrizzly]

"The debenture has been spent for the DFS! So there is no money anymore. Do you think XingXing is really that dumb?" * But think of the position XinXing was in last October when AXI asked them for the $5 million. If they don't give the $5 million to AXI, then the feasibility study is kaput. XinXing wants to take a look at the feasibility study (as I do). They own 15% of AXI

[Greenandgrizzly]

I think it's frozen mud. But XinXing has some genuine interest in Roche Bay. And some real doubts, which is obviously why they haven't signed the JV agreement and given AXI $50 million. * Either way, the DFS should resolve the issue. I think it was reasonable for XinXing to give AXI a debenture in exchange for finding out more about the project. * But to call this glorified bridge loan an

[Greenandgrill]

I guess XingXing already know parts of the DFS and what they know encouraged them to pay the debenture.

[markoh]

The same User who is Greenandgrill, Greenandgold, Greenandgrizzly and who knows which names he has more must be blocked from Stock House

[markoh]

The same User who is Greenandgrill, Greenandgold, Greenandgrizzly and who knows which names he has more must be blocked from Stock House

[Greenandgrill]

"But to call this glorified bridge loan an expression of enthusiasm is ridiculous. XinXing likes the project enough to make a small loan, they want to see more, that's it." * Look at the stock price. There is no enthusiasm. ALL want to see the DFS, not only XingXing and you.    

[Greenandgrill]

I can only say that greenandgrizzly and greenandgrill are similar but different names that belong to different  persons. There's no reason to block anything.

[markoh]

nNbody believe this. G&G bashes and bashes and use more names here.

[VENMan]

Speaking of Goofy, here's a joke after a hard day work: * Mickey Mouse and Minnie were having dinner and Minnie said "Mickey I want a divorce" Mickey Mouse was stunned and said, "A divorce!  you're fu*king Crazy!" Minnie said, "I'm not fu*king Crazy, I'm Fu*king Goofy !!  hahahahahahahaha  

[rpdeluca]

Really...please show me the clause where it says if AXI does not pay back $5 million that Xinxing gets the RB and Tuktu...first of all, Xinxing has nothing on Tuktu.  All dealings between Xinxing and AXI are for RB only.  So you've alread made a bone head statement to include Tuktu with RB.. Secondly, how does Xixning have a claim on AXI assets if the JV has yet to be entered into

[rpdeluca]

"Reading Gags posts can be dangerous.  If you read it, you might die of laughter."   But in your opinion, if the posts from GAG are truly full of merda, is it really a good idea to keep reading them and putting any faith in them?

[Greenandgrizzly]

So if AXI decides not to pay back the $5 million debenture loan, then you're saying XinXing would have no recourse? That's absurd. * All forms of corporate debt, including convertible debentures, are secured in some way by the borrower's assets. If a company cannot pay its debts it re-negotiates with its lenders or it declares bankruptcy and has its property divided among its lenders

[Oldguy]

G&G before launching into posts on this Board you should get your facts straight. Perhaps you should also take an accounting course. There are two types of debt, secured and unsecured. When a company files for bankruptcy, which is not happening in the case of AXI, Government source deductions line up first, employees are next in line, then those institutions or lenders who have secured their

[Greenandgrizzly]

Finance 101. Unsecured debt doesn't mean you have no rights as a creditor, it just means that your rights come after the secured creditors. If a company owes you $5million you still have a claim on their assets, despite being an unsecured creditor.