The Market Judges, page-24

Have been following the commentary ....it seems that , imo , some have forgotten the reason
why people originally invested in AJX ....their products are the next generation FR .... the
success of AJX FR products imo , are dependent on legislation regarding the banning of Toxic
FR chemicals ...Hottod recently updated the progression of such legislation.... While some
progress has been made ...the bet , imo , comes down to..... can AJX survive until the
market turns to them for a solution ....I made that bet a number of years ago and I was
too early , it's was a failing of my investment philosophy... where something seems logical ,
eg the adoption of enviromentally friendly FR and the eventual phasing out of the nasty
chemicals being used ...unfortunatley , the world of business doesn't work that way ....I've
since adjusted my expectations re investments in companies that offer the adoption of
enviromental solutions...it's best to wait until you see some evidence of the market turning
before investing ...imo
Still...who's to say if they had had a experienced CEO and Board with a solid business plan
and didn't make the all those mistakes along the way ( bespoke and then not bespoked etc,
releasing commercial information that was used against them etc) the journey would have
likely been different and a more favourable outcome would have endured...jimo
Just a waste of tens of millions of dollars.....
The fact that GR is also in some pain re the SP ...gives me some satisfaction ...and that pain
will likely be increased Imminently ...imo....
Sorry to others who don't deserve the outcome AJX has imposed ....imo

Interesting and thought provoking times ahead for AJX investors ...
All JIMO
GLTA
PS I don't believe Alexicool will be a company making product...too many competitors ..imo