Galaxy Enterprises Inc. Liquidation Value

Galaxy Enterprises Inc. (GLEI) is a Wyoming-incorporated development-stage shell with no revenue, no tangible operating assets beyond a nominal cash balance, and a liability stack that materially exceeds its asset base. Under the liquidation lens, recovery to equity is deeply negative and has been since inception. As of January 31, 2026, total assets are $15,050, consisting of $50 cash (100% recovery = $50) and a $15,000 prepayment/deposit (tagged as DepositsAssetsCurrent; recovery uncertain — filing does not disclose the nature or counterparty of this deposit; assuming 90% haircut yields ~$1,500 recovery, though refundability is unknown). Against this, total liabilities stand at $51,793, comprising entirely accounts payable and accrued liabilities (face value in liquidation = $51,793). Liquidated asset recovery of approximately $1,550–$15,050 against $51,793 of face-value liabilities produces an equity recovery of negative $36,743 to negative $50,243. MFFAIS CLV/LLV/OLV are all reported at negative $51,743, consistent with this range. Relative to the prior filing (Q1, period ended October 31, 2025), AP/accrued liabilities increased from $49,946 to $51,793 (+$1,847), driven by continued accrual of accounting and professional fees with no cash settlement. Cash declined from $105 to $50, a $55 drop, reflecting the only cash-consuming activity in the period. The $15,000 deposit has been unchanged across all reported periods. The company has raised a cumulative $83,400 in equity capital since inception (2021), accumulated a $120,143 deficit, and has never generated revenue. Management discloses no committed financing source — no debt facilities, no shareholder loans, no written or verbal capital commitments. The going concern qualification from the July 31, 2025 annual audit carries forward. Internal controls are disclosed as ineffective. The balance sheet header in the filing erroneously labels the current period column as 'January 31, 2025' rather than 'January 31, 2026'; this appears to be a drafting error, not a period restatement, as the XBRL context tags correctly reference I260131. No intangibles, PP&E, inventory, debt instruments, leases, or pension obligations are present.