Apex didn't have many options left. Not many investors are willing to take the risk of investing in a company that has a long history of consuming large sums of investors money without being able to show any return.
The only way to attract investors was to hand over a large portion of the company and it's assets. The share registry dilution was inevitable if this company was going to be trading in 2013.
The share consolidation is an attempt to hide the past 3 years of share depreciation. The capital raising affects the value of your parcel of shares, the consolidation doesn't.
AXM Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
