ADX 1.02% 9.9¢ adx energy ltd

adx, page-7

  1. 255 Posts.
    Anyone have any thoughts on today's announcement?

    The numbers look pretty good from a quick glance.

    Not much cash on hand, and doesn't seem to be a real plan as to how to overcome that in the short term.

    Not too many shares on the register though, and even adding 1 BILL shares, at .005 to add $5 Mill to the cash balance, would still only have this capped at about $12MILL.

    Top 20 holders hold 59% of the register, is there some light at the end of the tunnel?
 
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