ann out, page-5

I am not sure you understand the mechanics at play Mackstart. In my opinion it has been fund selling responsible for the recent falls not general public. You could argue that the underwriters may be selling because they got more stock than expected but its hard to say and would be merely speculation.

There are many reasons why insto's would be fed up including the fact that AXM have had to raise around $300mn over the past couple of years. AXM has been a continual underperformer operationally...

Have we seen bottom - it doesnt appear so looking at the shareprice but if we are close and management get it right this stock could easily move back up over $1.

The shareprice fall has much to do about whichever fund is selling and when they stop than anything else. If it is a couple of funds then the stock will pop as soon as they are out. We wait and see...