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Microcap & Penny Stocks : Axxess, Inc. ---AXXS---UP & AWAY?

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To: Andrew Garrison who wrote (12)10/28/1998 7:56:00 AM
From: WRAP_IR  Read Replies (1) of 55
 
I realize that it has been a while since this this post was originally submitted-- but here is another response.

AXXS is an Altamonte Springs, FL (Orlando suburb)based company run by a guy named Kevin Licthman (sp?). He and about 7 - 10 staffers appear to be busting their asses trying to make the company work. From their own disclosure on their site, it would not appear as though they will not release news or information in order to hype their stock.

They are about the only only OTC BB (non-reporting) that publishes its financials on its site, and, all in all (IMO) deliver a good product to the market.

FutureSuperStock.com, a believed to be defunct website, was operated by a guy named Jeff Bruss who may also be involved with StockPlayer.com. Of course, for those of you so inclined to short stocks, shorting the stocks on both of these sites would appear as though it winning strategy (mopre like printing money).

AXXS has had problems in the past -- whether they be justified or not. According to the Business Week article "The Mob on Wall Street" (Jan 98ish), they, along with another unrelated Alatmonte Springs based comapny were accused of paying brokers to run their stocks, however, in speaking with the company, they strongly denied it, and there does not a appear to be any SEC action in the matter.

There only other problem, and the same problem that happens to the vast majority of microcap stocks, it monoey. According to their mid year unaudited statements, they still do not have strong revenues and working capital is thinning. This stock may ot be being run up by the comany, but rather than those who are financing the company in order to liquidate their stock at higher levels.

It does not appear as though the company has retained an IR firm to pump the stock up.

Litchman is (by his resume) an ex-IR guy that probably hates the IR side of the industry, as most EX-IR guys do, and Orlando certainly offers a wide array of companies to work for. He also probably realizes that 99% of all OTC BB companies are struggling to stay alive (seems better than to say "crappy little companies")and their stocks go down. Right now, the average proce of a BB stock is about .72 ish (OTCBB.com), so it would be fair to assume that a good pump and dump operation that runs a stock from .50 to 5.00+ (WEBY and now KCAP)would, and does make for a great short.

I do beleive that AXXS is a good short, though I like the company -- they need money and their stock hasn't seen these levels in quite some time.

I don't blame them for being negative on the stockdetective.com site -- there are alot of bad stocks out there -- and as far as promoting -- I don't believe that they have ever hyped a stock.

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