GREY:ADEXF - Post by User
Comment by
Greenandgold.on Feb 16, 2012 10:13am
134 Views
Post# 19542336
RE: Financial Statements
RE: Financial Statements AXI's current investor presentation and company fact sheet both list a cash position of $8.3 million. This was the cash position at the end of June. It's now mid-February. It's not that hard to update a company presentation with the current cash position--it would probably take 2 minutes of effort.
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The 3Q financial statement (Sept 30th, 2011) listing a cash position of $3.3 million was released to Sedar in mid-November, but only went up on AXI's website early this month. A delay of about 3 months.
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AXI management is very careful not to update their investor presentations, fact sheets or websites with relevant financial information. Also, anecdotally, a member of this forum indicated that Gingerich told him AXI had a comfortable cash position of $15 million. What?