CmC Mkts is where the bulk of the selling came from on...

CmC Mkts is where the bulk of the selling came from on Wednesday. I'd say someone or a group were taking profits or saw something shiny elsewhere and needed the funds quickly.... or maybe misinformation or assumptions regarding the Patents being registered ?? hard to say .. nothing obvious anyway.
Nothing has changed with the direction and strategy of the company - currently they are well funded and as announced today another Patent will be joining the list. So the Biotech will be forging ahead.

This by no means a get rich overnight stock and will test the patience of short term traders but in IMHO they are doing a good job conserving cash whilst advancing their verticals.
It's incredibly important they protect their IP with Patents and ensure the technology works correctly - hence the time it takes to put all this in place.
Having said that I do see 2020 as a year much will be accomplished in AXE and hopefully a highly resourced partner or two secured .... as always time will tell and certainly don't invest more than you can afford to lose.
Alot of the trades I've noticed drop on low volume - maybe shaking the tree and accumulation going on.

On a long term outlook all looks good to me in my opinion - share price will always fluctuate day to day .. perfectly normal.
We all have some exposure to Energy storage, Quantum and Bio Technology in Archer ... which are very big markets and growing - and some serious Talent on board in AXE so will wait to see where this ship sails.