On the plus side, the initial claim was over $100M. However, as a negative, I wish the BOD would not say ' cash flow positive in foreseeable future'. This is the BOD, a time scale plse, you know what business you are doing. Foreseeble future for a co can be as long as 2,3 years. What about a stab at 'by Q1,15' Very disappointing.
confirmed. now they can look forward and grow the business to a cash flow positive state by quarter end.
OMG what a disaster....I was seriously tempted to switch out off Accsys for a short time to try and put some (more!) into the HH plays...so wish I had now. ANOTHER £2m blown on DW and still nothing in return. I reckon that's about 20% of MC wasted on that 'venture'. Horrible mistake by the BOD who to be fair are pro all as sick as the pi's about this one.... I suppose it's maybe a top up opportunity and logically that may be correct but I'm too sick of the constant set backs to invest anything more here just now...
DW awarded legal fees. Suggest AXS sues their Lawyers for awful advise. SP down but it does give rise to an opportunity. AXS BOD must now make the Company cash positive within the next 6 months. I am still positive here but what a mess the BOD has got itself into. Not only that it has to now work with DW to produce the stuff for Asia. Hopefully part of the deal will be no legal fees to pay but we shall see.
RE: rip off
Wrong ivor22. Before the consolidation there were 445 million shares in issue, now there are 89 million ( 5:1). Plse rest assured, if the income stream, and profitability are there to make it a £130M Market Cap company then the sp has doubled, irrespective of if it being a penny or a £10 share.GL
The whole point buying penny shares is they may double in price if the company take off now there not penny shares the price is up and I not double my money cause they took 4 shares off me for very 5 I own I got these eary at 12 pence over 2 years the company looking good now and I made no money it sounds to me a way to ripe off the shares holder.
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