PhantomGWW, it's a nonsense argument from Blommer. Most companies on disallowed, even in dire straights, can go back to the market for more funds to stave of insolvency or renogotiate loans. AJX would be no different. But the silliest part of the argument is there is no evidence that AJX is anywhere near insolvent anyway. Almost US$4mill in the bank and the last quarterly cash burn was US$500K. Even the mathematically challenged can work that out pretty quickly.
Ann: Alexium Commercial Update, page-92
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