The Microcap Kitchen: Stocks 5¢ to $5 Message Board

From: Lonely Planet	5/24/2012 5:25:22 PM
	of 111076

I am not sure if you have noticed TX Holdings (TXHG). This one is definitely under the radar.. There have been some company events that have occurred recently that may be of interest to anyone not familiar with the company, here are a few items: - TXHG is an OTCBB (reporting company). - Dec 2011 – TXHG began selling rail and drilling products to the coal mining industry. TXHG ended the first 6 months of 2012 with revenue of $1,028,516 compared to $9,086 for the same period in 2011. - Own a 320 Acre Oil, Gas lease in Calhoun County Texas. - A recent settlement agreement with the former CEO of TXHG. In the settlement agreement, the former CEO cancels and returns 6.7M shares to TXHG and a convertible promissory note of $1.2M is canceled. - The company (from what I remember) has a $12M loss, so any profits will not be taxed for some time. - The Company now has 46,563,084 shares Authorized, and 34.790,000 in the float - Perhaps what is most compelling is the company is working to be completely debt free and is open new business ventures. In the past, private companies would not look at TX Holdings due to the convertible debt which has now been removed. Whether they continue down their current path or augment with an acquisition, the company is on its way to being profitable. I believe TXHG to be a solid investment and I invite you to talk to the CEO (Buck Shrewsbury) with any questions you may have.