GEX Management CEO purchases convertible note from investor

Rhea-AI Summary

GEX Management Inc. (OTC:GXXM) announced a significant update regarding a convertible note purchased by CEO Joseph Frontiere, valued at $160,109.38. The maturity of this note has been extended by one year, while the conversion price has been raised to $.10 per share. This move indicates a strategic decision to bolster investor confidence while providing the CEO with an opportunity to convert the note into equity at a higher price than previously established.

Positive

• CEO Joseph Frontiere purchased a convertible note worth $160,109.38, showing confidence in the company's future.
• Extension of the note's maturity for an additional year provides more time for potential company growth.
• Increase of the conversion price to $.10/share may enhance shareholder value if the stock performs positively.

Negative

• None.

Extends maturity and raises conversion price to $.10

Dallas, TX., Dec. 28, 2021 (GLOBE NEWSWIRE) -- Gex Management Inc.’s (OTC:GXXM) CEO Joseph Frontiere has purchased a convertible note of $160,109.38 into the company’s stock for his own account. Mr. Frontier has agreed to extend the maturity of the note for an extra year and raised the floored conversion price to $.10/sh

About GEX Management

GEX Management, Inc. is a Management Consulting company providing high end Strategy and EnterpriseTechnology Consulting solutions to public and private companies across a variety of industry sectors. http://www.gexmanagement.com

Forward-Looking Statements:

The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of (1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Gex Managemtnt, in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate.

The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.

Contact:

info@gexmanagment.com

FAQ

What is the recent update from GEX Management regarding its convertible note on December 28, 2021?

On December 28, 2021, GEX Management announced that CEO Joseph Frontiere purchased a convertible note for $160,109.38, extending its maturity by one year and raising the conversion price to $.10 per share.

How much did GEX Management's CEO invest in the convertible note?

The CEO, Joseph Frontiere, invested $160,109.38 in a convertible note.

What is the new conversion price for the GEX Management convertible note?

The new conversion price for the GEX Management convertible note is $.10 per share.

When was the convertible note update announced by GEX Management?

The convertible note update was announced on December 28, 2021.