Appreciate the comments - however, management can't buy back the notes @ 16c because there are no sellers.
IMO best bet for management is to offer to buy back notes @ say half price and offer options on stock going forward. Would give both the company flexibility with its balance sheet AND give existing SH a (potentially) rasonable return on their investment. Also would mean a gain in the P & L which may (emphaisis on may) appeal to future potential investors.
Whats your view on that?
AXO Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held