What do companies do to keep share prices up? I am confused and suspicious in regards to AXM.
The had a share offering at $0.04 with an options attached… This offering was under-subscribed…
Immediately following the stock began trading closer to $0.05 and more recently $0.042 +.
How given the offering was undersubscribed is the stock now trading at a premium?
- perhaps directors high ownership gives investors some confidence but has to be more to it, they had high shareholding b4 and investors didnt take up the offer.
Confused…
Thanks
AF
AXM Price at posting:
4.4¢ Sentiment: ST Sell Disclosure: Held