Ann: Change of Director's Interest Notice, page-17

Axe has no regular revenue streams, so it relies on ongoing equity funding from its retail investors. If you check their cash flow statements, you can see that most of their cash is from the recent SPP. If investors stop putting in money, AXE would go bankrupt fairly quick. I don't think it was a smart move to raise money on an inflated price especially when we see that we are talking about a rather small dilution. Instead of a 4 % dilution (60c), they would have diluted 5% of their equity with an SPP of 52c. IMO it won't be easy to turn around this investor sentiment and it looks like the company could slide back to the junk pennystock category sooner or later. Personally, I won't invest a cent more unless I see the SP back to 60c.

Just personal opinion, not financial advice. DYOR.