Only the company can probably tell you that, and they will probably just tell you to read the ANN's. Come gold techies on here might have a clue to it all, though.
Just working on numbers, AXM has a market cap of $9.5m @ 4.3c. Debt of, say, $4.4m ($4m to Forrest and $400,000 to Mark Ashley). It is unprofitable, and no-one has been able to make it work so far. but with market cap + debt, it is a total of $14m. No cash if it doesn't get people paying 8cps- and a lot of them doing so- $6m worth- in a couple of months. Would anyone buy it out? Why are people still lined up to buy, even though others are obviously selling out?
This one continues to baffle. I should add that if someone did want to take AXM out, there are squillions of options they'd have to pay out, because they have been, and continue to be, handed out like lollies. Those options complicate matters. They are mostly 25c options, so unlikely to be in the money, but would still need to be dealt with in the case of a takeover. Having said that, if the market keeps taking AXM down, any suitor could pay for options with the money they saved in reduced market cap.
AXM Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
