AJX

5.00%

1.1¢ alexium international group limited

Hi all, Rather than continue here, I'm going to start a new...

First 242 Last

Share
Profile

Follow
alhotcop9

43 Posts.

398

10/04/18

20:23

Post #: 32358763
Share

Originally posted by alhotcop9 ↑

Hi all,

I just emailed Dirk and Mark for clarification about the C/N and also the revenue / profit margin issue.

Mark called me back almost immediately (just got off the phone with him despite him being based in the US). Mark will forward my email (which I will not post here) to the entire Board of Directors for their information / attention as well.

Mark said that people are misinterpreting the C/N. The maximum number of shares that could be issued is 35,922.041 regardless of if the company were to issue shares at a lower price (he reiterated that we have almost 17 million available so it is unlikely we should need to issue more shares any time soon). He also clarified that the note can only be converted effectively in the event of a hostile takeover (my words not his - but that was the gist).

Regarding revenue and margins, he reiterated that the company previously indicated that revenue would be higher this quarter than last quarter and there is no reason to believe this is not the case. He can not comment further because of obvious insider trading issues. The company will no longer discuss margins other than what was said in the newsletter. Personally, I believe that going silent on margins is a very wise move - so let's all just get used to it as it's in the company's best interests.

Finally, at Mark's request, I sent a follow up email to him and Dirk (that he will also forward to the full Board. He promised to have a response to me by tomorrow. My email asked:

"Also, as discussed, could you please ask the Board, as a matter of urgency, to clarify the following:

1) Which members of the Board and which staff will be attending the EGM?
2) When will the new chairperson be appointed?
3) Will the EGM be chaired by the new Chairperson?

Given Gavin’s announcement he will step down in May, investors expected the new chairperson would have been announced by now to ensure an orderly handover. If the new chairperson will not be appointed by the EGM (and also chairing the EGM) could the Board please explain why and when the appointment will be made?

I can’t express how important it is that issue is resolved and communicated to the market immediately as it is feeding a large amount of speculation and fear amongst investors."

I will let you know the response when it arrives.

Alhotcop9

Expand

Hi all,

Rather than continue here, I'm going to start a new thread with the response I received to my email so it can't be "missed" by some who may want to continue the irrational hysteria they've managed to whip up. I haven't started a thread on this forum before so not too sure if it'll work - but all being successful it should be up in a few minutes.

Regards,

Alhotcop9

AJX Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

FHE

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

STX

Strike Energy secures $153 million for Perth Basin gas projects

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

There are more pages in this discussion • 9 more messages in this thread...

First 242 Last

Add AJX (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.001(5.00%)		Mkt cap ! $16.40M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$479	46.06K

Buyers (Bids)

No.	Vol.	Price($)
6	5248052	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	134000	1

View Market Depth

No.	Vol.	Price($)
6	5248052	0.010
2	200099	0.009
2	182600	0.008
1	200000	0.007
2	1000032	0.006

Price($)	Vol.	No.
0.011	134000	1
0.012	186887	5
0.013	486009	5
0.014	363311	2
0.015	1001200	2

Last trade - 12.12pm 21/06/2024 (20 minute delay)

AJX (ASX) Chart

Hi all, Rather than continue here, I'm going to start a new...

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

Cultural heritage agreement puts Walford Creek exploration back on the map

Strike Energy secures $153 million for Perth Basin gas projects

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hi all, Rather than continue here, I'm going to start a new...

Top Stories

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

Cultural heritage agreement puts Walford Creek exploration back on the map

Strike Energy secures $153 million for Perth Basin gas projects

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News