mm3, Is ground hog day your favourite movie. They must be doing something right at the end of last quarter they only had $100k and their still in business.
Not sure about that. If you look at the financials from the last quarterly they had 948K cash but of that 900K had come from "proceeds from sale" which I think were Apex's Sirius shares and/or options (could be wrong). Basically without the sale of something they would have had less than 50K in the bank. As you know you can only sell something once.
The previous quarter or maybe the one before they sold Gidgee to Panoramic for over $20Mill which was an amazing deal for Apex and congrats to Mark for pulling it off (cough...).
If they have nothing to sell this quarter (Youanmi is still there but nothing announced and as far as I know no movement on it) it will be a real reflection on the operation in its own right and now that Kingy has left (who I have worked with and is a terrific operator) I don't see any way forward.
Monday (well probably Tuesday morning) will be interesting.
AXM Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
