AXE is a relatively small company in Australia, and Australia is incredibly small, and we have basically very little industry of this nature. With the internet there's always international exposure, but who abroad would be looking at all the small tech companies in all the small nations. Enter the WEF participation, oh hello, who's this joining the WEF in whatever capacity, oh okay how interesting mixing with the big and well connected WEF. Let's look into this AXE company or have a chat with them to find out what they're doing and what they're up to. Oh looksie here, they have a partnership with a massive top level chip manufacturing facility, a bunch of patents-to-boot, hmm okay let's buy a few mil of this company, they're going somewhere!
Meanwhile in Australia, the major exposure has been AFR, and what did they say: "Just another P-O-S small-time nobodies, they don't even have a product, what a joke, they'll be bankrupt before you know it, just a fad meme stock, nothing to see here".
Maybe I'm wrong, maybe it's just Australian mum and dad investors, but, I think more likely we've got investment rolling in from the big time investors abroad now. But I wouldn't know, just my thoughts.
AXE Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held
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