HKP. Just because you genuinely seem confused and are not trying to spread misinformation (i could be wrong though) i will summarise whats happened as simply as possible.
AXE have sold there mineral tenements in one package so that they can focus on the Deep Tech side of the business.
The company they sold too paid for the tenements with equity in there company.
Axe decided to reward there current shareholders by distributing this equity for free to them.
2 things to note here. I have never seen a company do this before but its a great gesture and outstanding bit of PR and secondly they must be so confident in there deep tech they are happy to give this away for free.
AXE can now spend 100% of there time focusing on there core deliverables of the 12CQ chip, BioChip and a third as yet unknown newly registered patent that is probably linked to renewables.
The good news for you is they are continuing to focus on the parts you bought into Axe for without additional overhead of managing tenements and you got new shares in a company for free that you can do whatever you want with. So rest easy mate all is good with AXE so enjoy the ride.
Ann: Sale of all mineral tenements, page-104
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Last
31.0¢ |
Change
0.010(3.33%) |
Mkt cap ! $76.45M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 31.0¢ | $2.364K | 7.627K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65012 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 74188 | 7 |
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| Last trade - 10.00am 30/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |