AXP axp energy limited

0.00%

0.1¢

Ann: Results of 2018 Annual Meeting of Stockholders, page-84

First 84 Last

Share
Profile

Follow
Davisite

19,865 Posts.

7189

06/06/18

09:11

Post #: 33520669
Share

Originally posted by Sojourner ↑

I hope there is a big pick up in sales growth, and soon because they are in desperate need of it. At the end of last quarter they had around only around $13.5m in cash and treasury securities.

Forecast expenditure for this quarter was almost $8m (wow). Revenue from last quarter was flat at only $1.9 mill. Assuming growth is relatively flat again at $2m they will end the FY with only $7.5m in cash/treasury securities. Note that there is still the $15million in debt hanging over them (this debt was such a cavalier move).

I cannot see them cost cutting and growing enough at the same time to get out of a cap raising. The $15million debt is going to make it difficult to get a good price on the cap raise too.

None of this is new and is reflected in the company's statement in its Form 10-Q for the end of the March quarter:

"Management expects operating losses and cash flow deficits to continue for the foreseeable future. The Company’s ability to achieve profitability is dependent primarily on its ability to gain market share in the U.S, build and maintain manufacturing capacity to support commercial launch in the U.S. and obtain a more profitable per unit manufacturing cost for its products. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for at least a year after the issuance date of the accompanying condensed consolidated financial statements. The Company plans to address these conditions by raising capital through equity or debt financings, or a combination of both, from outside current and new investors and institutions. There is no assurance, however, that the Company will be successful in raising the needed capital and, if funding is available, that it will be available on terms acceptable to the Company. The accompanying condensed consolidated financial statements do not include any adjustments that may be needed if the Company were unable to continue as a going concern."

What do they mean "from outside current"? - They are not considering current investors to raise capital from? Only new investors and institutions? Maybe they think everyone is already tapped out. The fear of massive dilution could explain why the share price is in the doldrums.

Expand

Everyone knows they need to do a CR. I think the "outside" is a typo and they mean current and new investors. I have never heard of a company refusing to allow their existing insto's to participate in any CR - sure us little guys get overlooked all the time, but never the instos.

The only question is at what price will the CR be done at. I have to say I am surprised by the SP rise yesterday and I hope it is not a suckers rally to allow some insto to dump their holding on to retailers.

AXP Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

PIQ

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

First 84 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $6.684M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
11	29583410	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	59394450	39

View Market Depth

No.	Vol.	Price($)
11	29583410	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	59394450	39
0.003	30008309	16
0.004	13166247	13
0.005	5638870	16
0.006	18031191	7

Last trade - 16.13pm 20/06/2025 (20 minute delay)

AXP (ASX) Chart

Day chart unavailable

Ann: Results of 2018 Annual Meeting of Stockholders, page-84

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results of 2018 Annual Meeting of Stockholders, page-84

Top Stories

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Proteomics notches up as company launches PromarkerD into the US

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News