Good evening everyone,
I'm sorry that this is a long post, but it has been some time since I have and I have also been slightly quite for professional reasons, but I am now okay to discuss. There are a lot of people on the forum like the last one, that love to find anything they can to discourage us and to paint a bad picture on a company. I'm not really sure at times (although I get the games) what the real motivation is, especially when they have no interest, but it is what it is.
Let me please clarify, that these are my thoughts only, and I'm suggesting that I'm the profit of the world or know my way is true. I make these comments, because I know the company, I have traveled out there twice and I know the CEO. I will be careful with what I say, to ensure that I do not cross the line so if you ask a question and I don't respond it's because I prefer not to, not becasuse I'm rude.
First and foremost, it amazes me, how so many investors/posters are unforgiving with AJX. Let's look at this practically, taking out the emotion. This is a young company, remember, it was a company that had zero future, all opportunity in the world but no one with the ability to execute it.
Let's go back and remind ourselves a little. In 2013 AJX was taken over by a new CEO. It was a mess. I am not a big fan of the Chairman, as he has done some silly thing on other projects over the last 2 years, but while under stewardship AJX was going no where. From March 2013 through to the end of 2014, Nick started to build a business and the chemistry around it, remembering there was nothing to sell in the past. So, at the end of 2014 they had products - achieved
In 2015, they went to commncialistion. In other words they need to get the product/s to work. So, at the end of 2015 they had commercialization - achieved.
In 2016, they formally commenced sales where they needed to prove to the market that their chemistry was world class. For those of you here that actually appreciate business, you will know that nothing comes fast at you when you first open your doors and start selling. Now moving in the later part of the year they are gaining great traction. Alexium is a complex business but one that is certainly profitably because of it uniqness.
So, in saying this, can't we see what Alexium has achieved in such a short period of time. So many people on this post, are unforgiving with this company. It is so young and it has has been rebuilt from the ashes. Alexium has years and years to go, and it will stand the test of time, but we have to let it grow and understand that all business (Alexium or others) need to find their place and get running. Nick went out hard on his 18M number because he believed in it, but as I said to him, if you even get into the teens after only your first year, both in cash and confirmed revenue (waiting to receive cash), it will be an resounding success.
This has not been a life style company for directors, it is run with the tight fist of the CEO and the work he does behind the scene is amazing. So, to disclose, I was in the US 2 weeks ago, and I visited Nick and I visit the staff and toured the new facility. No one on this post that hasn't physically been to location, touched and felt what is going on, can really understand the amazing work and growth that this company has seen.
Where they currently are know, is completely inappropriate and hinders progress. To be honest, the biggest concern I have is that they have to wait to move into a facility to be able to expand their working process and progress. There are cars littered all over the place and people working over each other. Thankfully they will be in by September, and that will change a lot of things.
Not long before my visit, they were visited by another MAJOR shareholder who is in the top 10, and apparently he left very comfortable where life is with Alexium.
What I am trying to say ladies and gents, is let the company grow the way it needs to. Listen, every business has good times and bad times, Alexium is going to have horrible months, and it's going to have great months, it's going to loose clients, it's going to gain clients. That's just the nature of business everyone - please, that can't be a complicated thought process for some of you. Alexium has not had (other than the last 4C) bad Q's after Q's. they have grown every quarter and the reason why they were short this qtr was because their client didn't pay on time. We can't expect ANY company to show continuous on going growth, when I consider, although Alexium was around in 2010, it reall was only around since 2014.
Please, people, give them a break. they can't force a client to pay just because they want to report a positive 4C. If I had a person come into to me an say "can you please pay your bill, because my shareholders want to see the money", I would tell them to F off and I'd find a new provider.
What's important, is to ensure that Alexium is what it is, that they have what they have, and the market wants to buy what they sell, and the response to all of that is yes.
We are so, so, so lucky to have a dedicated team that continues to drive forward, and a loyal and Commitee CEO that get hammered every day by retail holders on the most stupid things. He looked tired everyone, but remained as dedicated as I have ever seen. Through the worst adversity, I would expect any normal human being to just say "yeah, I'm out", but our guy is no normal human being.
For those that want a quick buck, get out now. No shame in that, but if your understand Alexium's future and potential then if you can hang on and increase where you need to, average out where appropriate, this company will not let you down. In saying that, I don't think you have to wait any longer that 2018 to see this be well north of $2 and potentially being taken out.
This place is going strong, they have everyday business challengers and there are smart people working them out. For those that get it, just support it, as it won't let you down. The years go by quick and we won't wait long, I can ASSURE you of that (and that's about all I can say on that note)
If AJX even gets to the teens by the end of January - even if they damn well just become cash neutral on margin, I will consider this as one of Australia's best small cap success story after only one year of true sales. I'm proud to be a part of it.
Thank you for reading and I hope you take in the right context it was written in and the only other comment I would say, is that, there are a lot of people on here that sometimes comment as if they can do better. If you genuinely think you have what it takes, take Nick's job. I know know I don't have 50% of what it takes and only offer my thoughts.
Enjoy the night, thanks for reading.
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