re: axn ** trading halt****
All this paranoia about a trading halt.
Gentlemen...relax.
Their last announcement to the ASX when they were queried about their share price going up said that they expected to get their financial accounts out to the market by "the end of the last week in August".
This was also to include a shareholders update.
So they are a day or two late and want a trading halt to stop speculation (paranoia).
As regards the chances of them going bust....this scores "nought out of ten". They had over A$50M in cash as at 31/12/02 and their balance sheet is clean of debt. Any deterioration in the company would have been pretty obvious. Their last announcement in August said they were running at about breakeven...so the cash is still there.
Takeover bid? Unlikely...the real wealth of the company is in the minds of its employees and directors (all PHD's) i.e. its R&D.
