AVQ 0.00% 2.5¢ axiom mining limited

The question still remains unanswered in relation to the con...

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    The question still remains unanswered in relation to the con note that the CEO was also participating in for $1 million. This note has a conversion price of 15c and was announced well prior to any litigation (i.e. 27/4/11 - Axiom Secures $4 million Funding) and was "set in concrete". Has the Company made use of this funding or have the particpants (incl the CEO) renigged on this obligation?
 
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Currently unlisted public company.

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