AJX 0.00% 0.8¢ alexium international group limited

Are we set up for a new 52 week low? -Unimpressive sales

  1. 174 Posts.
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    Are we set up for a new 52 week low?

    -Unimpressive sales <$1m
    -Disappointing receivables $90k
    -Cash burn that will see us raising capital or going to the bank in 6 months if revenue does not explode.
    -Downgrading of 2016 expectations "potential of US$18.5M (baseline) of earnings.”
    -Continuing with un-professional errors in announcements.
    -Confirmation that NYSE listing is still in hand = dilution


    Before anyone jumps down my throat, I'm not looking to down ramp. If the price does crash below $0.44 I'll top up, but being a long term holder the dilution associated with NYSE Listing doesn't sit well with me.

    Cheers
 
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