This guy is willing to risk $4m on the company not going broke.
How much money have you put into AXM as a shareholder? If its less than $4m, I would think you would be pleased that this guy is willing to put his money up to keep AXM afloat. Otherwise, as a shareholder after a company is declared bankrupt, you get nothing, zero, zilch, nada...what dont you get?
Without this $4mill - it is all over, this guy is willing to put $4m of his own money on the line. Sure, he gets a good interest rate and some options, but if the ocmpany goes broke, he gets no options, no interest and no $4m back - understand!?!?
AXM Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held