calling stagman, page-7

Hi Hughjas

Sorry I took so long getting back to you.

I take it that you're out of SBL? If so, don't completely discount the thought of getting back in, I reckon there's plenty of upside yet.

In relation to AXM, to be completely honest, I don't know what the future holds. I figure that the next 6-12 months will either make or break the company.

I dropped my holding average by selling out of shares and converting over to rights. It was too good an opportunity to overlook; picking up options and taking money off the table in the process.

I'll be taking up my full rights entitlement and I'm banking on the company getting it's act together over the next 6-12 months, if it can't, it's the only stock in my portfolio that I'll be taking a hit on if I'm out sub-6c.

HOLDING: ASL, AXM, BSL, CEY, NAB, NKP, NMS, PNA, PRU, PRR, SBL.

AXM: Highly speculative

Maybe I'm like 4fundamentals, just too stubborn to get out, only time will tell whether it was the proper decision to stay in.


Stagman