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AXE EXPLORATION INC V.AXQ

"Axe Exploration Inc is a Canadian based exploration stage company. It is engaged in the business of acquiring, exploring and developing of mining properties and also holds interests in properties at the exploration stage located in Canada. It has interests in four properties, which are located in Quebec, mainly in Abitibi area. Its properties include Destorbelle Property, Commandant Property, Gold Peak Property and Unique Property."


TSXV:AXQ - Post by User

Post by atikaon Nov 02, 2018 10:39am
49 Views
Post# 28913959

Plan B...There is no Plan B !

Plan B...There is no Plan B !Well, Manakai, Desperado and friends are doing a good job to promote a NO vote on the deal with Terranueva. Let's suppose they win...

1. Because Axe has no asset, but 400,000.$ after the payment of all legal expenses incurred with        the cancellation of the deal - this is my well informed guess;
2. David McDonald will be paid as long as there is money in the bank, unless the board ask for his      immediate resignation because he failed with his strategy;
3. In that case, he leaves the company with 361,000.$
4. Because there is virtually no money in the company, our investment in Axe will soon be reduced      to zero;

This is not science fiction; this is the true reality of facts and numbers. Should we vote YES or NO ?

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