Ann: Anshof Assessment confirms 5.2 Mil barrels of 2P Reserves, page-10

not sure if the productions up 200%
But have a feeling that somebody in the company has bought these shares to make a quick buck

Note not one share was offered to the long-suffering shareholders, only the fortunate in the loop
ADX Energy Ltd (ASX Code: ADX) is pleased to advise that it has finalised the placement of
425,000,000 shares at a price of A$ 0.006 per share (“Placement Shares”) to sophisticated,
institutional and professional investors, to raise A$ 2,550,000 (“Placement”).
One (1) free
attaching unlisted option will be issued for every two (2) Placement Shares (“Placement
Options”). The exercise price of the Placement Options is A$ 0.013 with an expiry date of 2 years from date of issue

bought 425,000,000 shares at a price of A$ 0.006 = A$ 2,550,000
sell 425,000,000 shares at a price of A$ 0.007 = A$2,975,000
and make a quick $425,000 profit and get free212,500,000 options for your troubles A$ 0.013 that expiry in 2 years, how easy can it get.
And when they're selling at 7 they're probably thinking, suckers.
and that's why we can't get past 7 because they know they can't lose at that price
so I would expect us to stay at 7 for quite a while

the market lately has really been bad, but these sort of things just add to the pain for shareholders and their trust in these companies.
And nobody can blame us for this complete lack of trust, but like I said before they probably think just another sucker complaining