I agree with you that AX1 is extremely well managed. Based on my numbers I just think they will need additional capital to manage whilst stores are closed. They have never had large cash reserves as most profit is paid out as dividends, like most other retailers.
One the dust has settled I will look to re-enter. In my case there is no compelling reason to rush in before we know if a capital raise is going to take place. It’s a risk versus reward question for me.
Cheers........Daicosisgod.
AX1 Price at posting:
$1.02 Sentiment: Sell Disclosure: Not Held
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