This is a circular argument, piwi33 is correct, we do not have a product. You cannot explicitly state that we have products, as we do not. Similarly, a bunch of car parts does not mean we have a car, until we also have a person that can turn that bunch of car parts into a working, affordable, functional and reliable, car. Then we have to also see a market willing and able to buy said product.
There simply is no defense to piwi33's statement that we are very high risk without a product as yet.
Whether or not the heavy decline is because of not having a product, this is easily disputable, given that we quickly rose to $3 when we were further away from having either product than we do now.
The fact that I'm even bothering to write this shows how little updates there is on either product development, as compared to when we rose to $3, I think years ago it was perceived that these products were much further along in the development process than it is perceived now. This may be evident by the likes of Tom Richardson from AFR who bagged the stock after reporting to the masses that no product is currently available, so perhaps the masses buying at $1 or higher genuinely did believe that a product was available or close to being available.
I think actual business fundamentals have had very little to do with the speculation on this stock, otherwise we would be at a higher SP today than when less developed, given our cash balance is still strong and better ties to international foundries and alliances have been forged.
AXE Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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