Buying on market won't solve the company's liquidity problem, but buying new shares at ~ 167% ~ of market price does put new capital into the company (At $800K a year, he can afford to do this, while increasing his %age ownership in the process.). Thereafter, his options won't be worth exercising unless the share price rises faster than the option price (and won't cost him anything either). I CAN'T SEE THAT HAPPENING. However, what bothers me is more and more concentration of ownership with one man who is already being grossly overpaid. It's only my opinion, but I think RM really DOES believe that Axiom will eventually succeed. But I do WONDER if the strategy is for it to succeed at our expense... for his ultimate benefit? No allegations, just something I wonder about...
AVQ Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
