guys,
it is proved that AXO is in suspension. The mgt can now buy time to see what happen to the market. It is unreasonable to be a trading halt then a suspension. It is proved the buy time theory since they should know the restructure of the notes before the first trading halt. It is the same methods they used in late May 2008. At that time, the mgt'BS was finding a strategic partner with Herbei bababababa. Check it out , guys . It should be in late May 2007.
The reason using halt then suspension is to watching the market sentiment which is favour for the manipulator or not.
THERE may be some BS come out:
1) reduce the convert ratio from 1:1 to 3:1. It will NOT be good for AXO share price since the convert price is the same
2) extend the date of conversion from mid-2010 to 2011. It is no use too since it just give more time to increase the capex. The banks are NOT interested to forecast the future.
3) Convert notes to shares. It is not work too since more share = dilut existing shareholders interest. Then they can further stole our money by issue more shares at lower price. It MUST be a trap. For example, they convert note to 3 shares / note pricing at $0.31 or any price, it would be misled that the price will climb to $0.31 but everybody forget they can issue more shares to get first financing. At the end, even they can produce, because of too many shares dilution, the stock price will be be higher than $0.30 again.
4) They can use this good news to trade again before SPI tumble to 2700.
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