AJX 0.00% 1.1¢ alexium international group limited

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  1. 2,796 Posts.
    Also, for those that are interested, I recently interviewed Nick Clark as part of an a quick write up about Alexium on my blog. A few of the key things discussed which may be of interest to readers here:

    Me: Alexium has an upcoming listing on the NYSE. I know many shareholders have found the whole process a little confusing. Things have also been very quiet on this front as far as news flow. Is everything still going to plan and when can we expect to hear further details about the listing?

    NC: Trust me, its very frustrating not to be able to shout out loud whats going on. Unfortunately, we are in a confidential filing (or blackout) period where we simply can’t say anything. The positive in that is, that because we are in that period, then naturally filing has commenced. That’s the best I can do for you right now. Be rest assured though, that as soon as we are given the green light, I’ll let the world know about it, don’t worry about that.

    Me: You’ve teamed up with the high profile U.S. advisers EAS. There are rumors that things haven’t played out as you would have liked with regards to a previous capital raising and the behavior of some of the institutions that partook. Have you been happy with how things have gone on that front and are EAS still playing a big advisory role with regards to growing the US business?

    NC: Not every thing in business goes to plan. EAS has done a fantastic job in getting me into doors, where I would not have otherwise got into in New York (even with a strong background of contacts myself). The last raise itself actually went okay and during the previous one, we had one particular insto that simply didn’t behave. If we had a crystal ball, then we would have known not to deal with them, but when your sitting in-front of someone and they look you in the eye and say “we are long term partners” you have to take a 50/50 punt. Once bitten twice shy, but in the end I was 85% happy when it came to the raising, and in fact EAS was able to repair some of the loss we experienced through their strong networks.


    Me: Alexium has provided shareholders with constant news flow throughout the year, and appears to be kicking a lot of goals. However, there was distinct lack of cash flow showing up in the last financial report, which surprised some. Do you have any comment on this? When can investors expect to see revenue banked from the significant list of recently acquired clients?

    NC: I think the cover note on the 4C showed the reason behind that. Our Revenue was up significantly more, and the only reason why the cash position was low, was based on client payment terms where the money hadn’t hit the bank.

    ME: Finally, is there anything else you’d like to tell our readers?

    NC: We are rocking this bad boy like you wouldn’t believe. The last three month of the year and the first three month of next year are going to be so exciting its hard to contain it. We have a great team who love doing what they do at AJX every single day.

    The full article can be viewed here for those interested in reading the whole thing.
    Last edited by Toxxxic: 28/09/15
 
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