I think this CR will work. 81m shares bought today. 39.6m shares on .003 sell column,which means the buyer/s are generally not putting the shares bought @ .002 onto the .003 column. Nor onto the .004 column, which has 7.5m shares for sale. At .002, I see little risk, given the two underwriter get out clauses are unlikely to be reached. A recapitalisation and a whole new company. We'll have to see, of course- I may be wrong, but for new entrants, there is not further to fall for this one. At the moment, an exit @ .002, when buying @ .002, seems likely.
Any new entrants agree? And for those who have been in before the disaster, at what price would you feel comfortable/safe to buy new shares? Or not at all?
AXM Price at posting:
20.0¢ Sentiment: None Disclosure: Held