Three months ago it looked like we had a rock-solid support line at 19-20c
A month ago that looked to be set at 16-17c
Now it doesn't really have much support even at 13c - less than $50K worth of buy orders all up.
This company seems to have a great plan and great prospects. I'm not sure I understand why this has been so sold down given that they have no financial trouble (and recently paid off a big chunk of debt with the proceeds of the recent sale).
At what price will buyers step in - they came in in force when it recently dipped to 15c though have now deserted the ship even at a bargain like 13c.
Do they have liquidity worries? Are insiders selling out at whatever they can get? Any body have any more information?
AXI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
