Seems like you might be onto something Ootpad. Total lack of support in the market and zero progress on the Tech from November is a worry. Would be a nice time to see some share ownership from the other two directors ???
Few others factors that might be in play.
Greg English needs to raise $750k to exercise 5 million options at $0.15 cents, due to expiry in March . In the past he's has sold shares to do this. (both in CXO and AXE).
Index Funds selling prior to dropping out of the All Ords
End of Fin year tax loss selling
Cash backing is now at 20% of market cap and with potentially earning 250k a quarter from interest it will soften the blow and I cant see this thing dropping too much further unless we have a major tech issue.
AXE Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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