AJX 0.00% 1.0¢ alexium international group limited

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    Just a wild guess here, but could it have to do negative or at best negligible tangible assets?.....or what about the soon to be reported $7...8....9? million dollar loss? ...or the fact they are using debt as working capital?.... or the fact revenue has dropped for the last 5 consecutive quarters?....or that the market doesn't believe AJX has 9 quarters of funding?.....or the fact that positive EBIT was nothing but a pipe dream? ...or what about the market thinks AJX is expensive at $42m MC? ......or that AJX can't possibly expand with such little working capital?......or that the market thinks AJX needs to strengthen its balance sheet again?

 
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