someone has highest EQ and IQ. He advice you to buy AXOG then NOT convert to shares. It is an easier equation
The mgt still be the fking team. They never be changed. I am wrong. It seems someone advice other guys to buy AXOG but NOT convert. Is it smart? Of course very stupid.
1) They can easier spend all cash now. AXO will go to administration before the bull market.
2) You don't convert but someone who sold AXOG to market. Of course they could not sell all their notes then they convert their note to shares. Before that they sold their shares in the market.
3) It is too clever. Spending all money before bull market is still the only way the fking mgt doing. We are all betrayed by them. All they think is to get back all the cash invested or from the fund managers.
4) It explained why they don't arrange any placement yet. The placement will strengthen the financial position. If AXO really good stuff, give me the reason the other fking stocks getting money but AXO doesn't.
5) We should report to the ASIC if AXO really go to administration. Just report the guy who advice us to buy AXOG and NOT convert to shares. I 100% make sure he is related to the mgt. ASIC has the power to check all transactions and bank transactions.
AXO Price at posting:
25.0¢ Sentiment: Sell Disclosure: Held