16c when the current share price today is 16.5c with options @ 40c is not that attractive IMHO.
I believed the Axion storey for a long time but no longer. I took a solid capital loss on 50% of my shareholding a while back to limit my exposure to Axiom letting the rest run in the hope a positive decision might be forthcoming (which would allow me to at least sell the balance of my holding and recover the loss I realised - which I expect is still possible with a positive SIG decision).
That said the capital raising history which had been funding RM's salary of $1.0m, other unexplained expenses in the last report, heavy reliance on a positive SIG decision and even in the event of a positive decision the weight of options that will in my opinion dampen any significant SP rise above 40/50c is just not worth the risk of investing in the CR - with so much expectation built into a positive SIG decision IMHO the share price will sink like a stone if Axion misses out.
I accept others have a different opinion and are maintaining the faith but I am no longer a believer - I'm holding for the moment and taking the risk of a positive SiG decision - but the first chance I can get out with near breakeven I am gone.
