Substantially Undervalued, O&G Situation in play, page-100

Hi Assumpta,

Congratulations on posting one of the most ignorant rants I've read on Hot Copper to date.


1. AXT does not own or rent an office. It does not pay for an office or use an office. AXT's registered office is a company secretarial firm that advises numerous small listed companies. The directors work externally at their own offices, unfunded by AXT.


2. AXT is now basically a quasi investment vehicle with it's asset being it's PANR holding. Luckily for holders AXT hasn't had to raise millions of dollars via CR's, dilute the company thereby destroying value, and try chasing the next needle in the hay stack gold project.


3. Why on Earth would this company need 3 directors and 2 secretaries? It's a PUBLIC company Einstein. Do you have a basic grasp of Corporations Law, ASIC & ASX listing requirements? You MUST have a minimum of 3 directors, it is the law.

The 2 company secretaries are there purely for admin purposes. AXT pays Leydin Freyer a set fee whether they have 2 or 5 secretaries.

$84k on admin "alone?" List us some juniors with significantly lower admin costs please. Every listed ASX vehicle has to pay statutory costs such as ASX fees, ASIC fees, Insurances, legal and audit costs, share registry costs.


4. Why anyone would listen to your sell sentiment when you clearly have no idea what you are talking about is the real question. Come back and post when you have at least half a clue, you won't look like such a pickle then.


The rest of us will continue the ride. Sorry that you obviously missed the kick off, but there is time to buy in.

Cheers