Also, acknowledging that you, gold,are speaking of fundamentals of this company, whereas I am speaking of the possibility of getting the raising over the line and the trading of shares. Fundamentals *could* change if this is a successful turnaround story, although those are notoriously difficult. it does seem, though, that this company has been taken in hand, and by people of some repute. This company has been a basket case, and hit crisis point- that's now. Can the new mob sort it, or is it fundamentally broken in its model and cannot be resolved?
As for me, I have taken a risk that the only way this turnaround story has a chance of having a beginning, is if the rights issue has some success. If not, one could conclude it's the end of the road, without the desperately needed capital injection. I reckon at some point, there'll be an effort to get it there. Whether this is the worst gamble on the ASX is another question.
AXM Price at posting:
20.0¢ Sentiment: None Disclosure: Held
