AJX 9.09% 1.2¢ alexium international group limited

What happened at the EGM., page-26

  1. 2,487 Posts.
    lightbulb Created with Sketch. 205
    They cannot even state they want to get to cash neutral, that's gobsmacking, and jargon of "cornerstone" markets is window dressing drivel.

    It always comes down to the product, if they had to give it away for the last two years, and now it's under "margin pressure" (what a wonderful euphemism) they truly need a miracle to survive.
    And even if they get all the Dod every scrap, they say it's 10m/year but that's gross sales I would imagine, it won't get them out of the debt spiral.
    Even good old NC once blurted that military was nearly worthless, if you remember that. He was shuffled off the chess board quickly afterwards.
 
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