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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Technology Software - Application
Abaxx Technologies Inc. is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions secure. The Company is primarily focused on launching Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition.


NEO:ABXX - Post by User

Abaxx Technologies Inc
Bullboard Posts
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(9)
•••
Comment by turron Feb 28, 2011 1:46pm
394 Views
Post# 18205958

RE: RE: RE: RE: RE: 96 cents ......settle

RE: RE: RE: RE: RE: 96 cents ......settle

NEW MILLENNIUM CAPITAL CORP. ("NML")BULLETIN TYPE: Shares for DebtBULLETIN DATE: February 18, 2011TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal toissue 212,306 shares at a price of
.96 per share to settle outstandingdebt for $203,813.76.

Number of Creditors: 2 Creditors

No Insider / Pro Group Participation

The Company shall issue a news release when the shares are issued andthe debt extinguished. .........................

I saw this before also and, wondered why also.  Jees , they could have sold 70,000 of  those shares on the open market( which is probably what these 2 creditors are going to do anyway) and saved themselves half million bucks and paid them in cash.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities