Unfortunately I couldn't agree more. The sad thing is that Baker Young is their corporate adviser and still gets paid regardless. I think that's a spend AJX could easily avoid.
On a positive note, the technology is still good and the product pipeline impressive. It'll all depends on whether they can commercialise the products and get a steady source of demand.
Having said that my understanding always was that Ascalon via Duro would be the money maker to generate some revenue from the start. Seems like Duro hasn't delivered at all. Accordingly I am happy they didn't give Duro any more exclusive deals and try to do things themselves.
At the end of the day I am happy to pick up a few more when they come to 8 cents. I do expect selling to slow down come 1st of July though.
AJX Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
