AVQ 0.00% 2.5¢ axiom mining limited

Buying on market won't solve the company's liquidity problem,...

  1. 798 Posts.
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    Buying on market won't solve the company's liquidity problem, but buying new shares at ~ 167% ~ of market price does put new capital into the company (At $800K a year, he can afford to do this, while increasing his %age ownership in the process.).  Thereafter, his options won't be worth exercising unless the share price rises faster than the option price (and won't cost him anything either).  I CAN'T SEE THAT HAPPENING.  However, what bothers me is more and more concentration of ownership with one man who is already being grossly overpaid.  It's only my opinion, but I think RM really DOES believe that Axiom will eventually succeed.  But I do WONDER if the strategy is for it to succeed at our expense... for his ultimate benefit?  No allegations, just something I wonder about...
 
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Currently unlisted public company.

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