EMXC had several press releases over the last few months, and appears ready to impress this year. Investors have bumped up the stock with each promising press release, but the gains have yet to stick. I do not think these investors have done their homework about EMXC, which makes this stock a fabulous buying opportunity at these current prices.
The company has posted that their book value alone is $.08 a share. That represents any assets, less liabilities. With the current share structure that book value number equates to over $100 million in assets.
Only a few weeks back the company issued a thorough and promising press release. If they can follow through on these plans then this stock will be trading well over $.01 in short order. I do believe that the recent news and future prospects make this stock one to own in 2010.
Let's cover a few important and value adding aspects of this company.
- They are in the process of uplisting with NASDAQ. If that in itself doesn't get you excited than I don't know what will.
- They have finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors.
- They have prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC.
- They have prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term.
- They are currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms.
- They have retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing.
- They have retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company.
- Finally: The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term.
- And EMAX Finance has invested into the opening of a full-service real estate company in Florida."
I think I have set some reasonable price targets below. Ones that will be attainable considering the modest share structure. One that has remained unchanged the last few years. The lack of dilution with this issue is another positive factor going forward. Also the company has stated that they do not intend to reverse split the shares.
EMXC 3/26/2010 Closing Price : $.0049
2010 Price Targets For EMXC
Short Term Target (Less Than 2 days): $.009
Meduim Target (Between 2 and 30 Days) : $.02
eMax Holdings Corporation is a holding company investing in multimedia and family entertainment content and properties through four corporations (eMax Technology Group., eMax Media Group, Inc. eMax Networks Group, Inc. and eMax Finance, Inc. with divisions eMax Music, eMax Studios, and eMax TV. These seven operating areas offer technology-driven, high-quality products and services focusing in real estate acquisition & development, music concerts and live show events, pre-recorded music and videos, outdoor sports and special events, feature film and television programming production, and the sales of software and IT technologies | |
| EMAX NETWORKS GROUP is in the process of acquiring companies in the Internet, Broadcasting, Communications and Wireless Industries. | |
| EMAX MUSIC'S principle business is the wholesale distribution of pre-recorded music in the form of CD's, Cassette Tapes, DVD's, Video Tapes. | |
EMAX PRODUCTIONS attends and promotes numerous outdoor sports and Special Events. The Company receives revenue from the rental of vendor spaces, admission receipts, motorcycle accessory and parts sales, food, beverage and merchandise sales. | |
| EMAX STUDIOS manages all feature film production, television specials and program production and home video activities | |
| EMAX TV plans to launch a 24 hour broadcast network which will showcase all family entertainment movies, television shows and Music and internet and communication services. | |
CHIPLEY, FL, Mar 10, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC) recently renamed eMax Worldwide, Inc. states recent activity updates. EMAX Worldwide has been very busy the past few months working very diligently to getting in complete fully reporting status and up-listing the company on NASDAQ.
The Company's President, Roxanna Weber, stated, "We would like to thank each and every shareholder who has been patient while we have worked long hours to work hard towards making eMax Worldwide, Inc. fully reporting and up-listed. We have been working with FINRA and Pinksheets and have enjoyed the professional experience. With all the new compliance rules, it is taking all us a little longer to do things correctly and completely, but we are getting ready to cross the finish line and then the real work begins. We do appreciate all shareholders' input, calls and emails to our office. We do try to respond to every inquiry. At this time, we would like to give all shareholders a recap of the work the company has finished in the last seven months. The Company has: 1. Finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors. 2. Prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC. 3. Prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term. 4. Is currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms. 5. Has put together an independent auditing committee. 6. Has retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing. 7. Has scheduled its first shareholder meeting for December 3-5, 2010, at the Edgewater Beach & Golf Resort, gulf-front in Panama City Beach, Florida. eMax Worldwide guests can call reservations at 800.874.8686 to book their reservations or book online at www.edgewaterbeachresort.com using Promo Code: 1405. 8. Has retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company. 9. EMAX Media Group has announced previously they have decided to go public, and the company has approved using the guidance and services of their SEC counsel McMullen Associates LLC to be the spin-off registration matters. During this process, the company's Board of Directors has made a decision that the dividend shares that are being issued in the companies named Freedom Entertainment in 2003 and the shares issued in 2005 in the name EntertainMax will be granted the right to be exchanged into the EMAX Media Group company and registered and freely trading shares on a share-for-share basis. The company will be announcing shortly the value of those dividends, which are at the transferred agent waiting for mailing. The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term. 10. EMAX Finance has invested into the opening of a full-service real estate company in Florida."
Roxanna Weber stated, "We hope this information gives our shareholders a better idea of where the company stands and where we are headed a little bit more. We expect year 2010 to be a very successful."
About eMax Worldwide, Inc. eMax Worldwide, Inc. (www.emaxcorp.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through five corporations. eMax Worldwide, Inc. holds stock interest in EMAX Media Group., EMAX Networks Group, Inc., EMAX Technology Group, Inc., EMAX Finance, Inc. and Washington Realty Corp.
Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
Contact:
eMax Worldwide, Inc.
Roxanna Weber
850-638-3920
info@emaxcorp.com
Posts
7 comments:
Great write up, Guru!
-Eric-
Thanks for the write up
EMAX Management
PS The company loves to hear from shareholders and encourage anyone to call the president or email her anytime
Roxanna Weber wants everyone to know that every shareholder who has been with the company one day or for over twenty shares if very important to the company and this year finally they will see the growth and gains from all of the companys hard work and they will benefit by their loyal stance as a shareholder
Thanks Guru for your support
Roxanna Weber
roxanna@emaxcorp.com
850-638-3920 office
The uplisting to Nasdaq looks great, but shouldn't you expect a R/S... which may be detrimental?
Guru's report says no r/s
Very good write up but the nasdaq have a few rules in place. They would have to go a reverse split to get on the nasdaq? Can you provide a link where the company says it will not do a reverse split please. If i am wrong this looks to be a very good deal please keep posting some very intresting articals thank you.
Very good write up but the nasdaq have a few rules in place. They would have to go a reverse split to get on the nasdaq? Can you provide a link where the company says it will not do a reverse split please. If i am wrong this looks to be a very good deal please keep posting some very intresting articals thank you.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6495158
That is the link ~ Read below ~ see last line
Item 5.01
Changes in Control of Registrant.
On January 25, 2009, The Seller, E and A Enterprises Trust Corp cancelled the contract signed On July 8, 2008, pursuant to a Purchase Agreement (the “Agreement”) among Slavoljub Stefanovic (Stefanovic) and E and A Enterprise Trust (“E and A”), and certain security holders of the Registrant (hereinafter such security holders are referred to as the “Shareholders”), the following occurred:
(a)
E and a Enterprises Trust Corp has now cancelled the sale to Stefanovic of 64,000,000 shares of the Registrant's common stock, $.0001 par value (the “Common Stock”), (all of the foregoing, the “Purchased Securities”); and 75,000,00 warrants
(b)
Stefanovic paid consideration of $640.00 in cash for the Purchased Securities; and was contractually obligated to pay off corporate liabilities and which he did not do
(c)
Roxanna Weber was re-appointed as President and Chairman of the Board by majority vote of the Board of Directors and retains her position of Secretary of the company.
As a result of the cancellation of the closing of the Agreement, between E And A Enterprises, Inc. and Slavoljub, Roxanna Weber currently now controls approximately fifty percent , (52%), of the 1,378,065,364 issued and outstanding shares of the Registrant. Over Seven hundred and thirteen million shares are held in trust by the company for numerous investment interests in several companies, dividends and warrants. The cancellation was due to the fact that Mr. Stefanovic could not close the contract escrow agreement which called for certain capital costs to be paid in full including the costs of preparing and mailing the dividends owed to shareholders of the company.
The cancellation of the Exchange Agreement was initiated by the seller of the shares and as outlined in the purchase agreement and as adopted by the unanimous consent of the Board of Directors of EMAX and approval by the consent of the shareholders of EMAX was not required.
The officers and directors of the company change subsequent to the Exchange Agreement. See "Management" below.
1.
The capital structure of the company will stay the same and as previously announced the company will not be reverse splitting its shares.
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