The CFO Aaron Krech , seems to be wiser than his years would suggest given the focus on margins rather than just going for topline revenue , so I am reassured by that , although running a $150mM capped company to where its assets less liabilities were showing an equity of $219 ,ooo I found disturbing , given they were needing to refinance their loans .
I wonder if at some stage had that equity gone into negative territory ?
I would have thought they could have increased non tangible assets ie IP in the assets given recent advances in their IP and resultant sales from that (alexicool) surely it has to be worth more than $143,000 as shown ?
The loans were refinanced as mentioned in the presentation so I feel they dodged a bullet .
Gavin seems experienced in corporate matters and given his skin in the game I doubt he will allow Allexium to be sold at a discount to a multi national, doubt any more experienced directors are needed at this stage, and them taking even more remuneration -
AJX Price at posting:
48.0¢ Sentiment: Hold Disclosure: Held
