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Bullboard - Stock Discussion Forum 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... see more

TSXV:AXQ - Post Discussion

AXE EXPLORATION INC > ATIKA - WHY ARE YOU SO WORRIED OF NO VOTE?
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Post by Predator2018 on Nov 02, 2018 8:33pm

ATIKA - WHY ARE YOU SO WORRIED OF NO VOTE?

IF YOU BELIEVE IN TERRA, YOU SHOULD NOT BE AFRAID OF NO VOTE.

STOP USING SCARE TACTICS TO GET A YES VOTE.

AXQ AND TYPHOOON CAN MERGE AND BECOME STRONGER.

IF TERRA WANTS A YES VOTE, THE DEAL AS IT IS MUST BE IMPROVED UPON. NO SENSIBLE SHAREHOLDER WOULD ACCEPT IT.

AXQ ON ITS OWN CAN ACTUALLY RAISE MONEY AND OPEN RETAIL DISPENSARY STORES ACROSS CANADA.

BEING A PUBLIC COMPANY GIVES YOU INFINITE POTENTIAL TO ACCESS MONEY WHICH YOU ARE DISCOUNTING AS NOTHING.

AXQ IS A PUBLIC COMPANY WITH CLEAN BALANCE SHEET. TERRA IS BROKE. 
Comment by atika on Nov 02, 2018 10:35pm
Of course, I am afraid by a No vote because I will lose 100% of my investment in Axe, so will you. Axe and Typhoon will not merge because Axe will be a broken company after November, 23th and the merger makes no sense for Typhoon. I discussed that matter with David McDonald. When you say No to the deal, you don't really know to what you are saying NO, I mean Terranueva as a company with big ...more  
Comment by endeavour on Nov 03, 2018 1:04am
Atika, that is plain wrong. The company has cash, it could choose 100 other better deals rather this this current one with Terraneauva. I'm not saying there is anything wrong with Terranueva as a company or acquisition target, far from it - but simply that the deal for AXQ shareholders is a terrible one. Diluting us by a further 50% after the stock is already at bargain basement prices with ...more  
Comment by atika on Nov 03, 2018 10:35am
Endeavour, the company has virtually no cash. This is not my opinion; these are the facts collected directly with David McDonald. After the payment of the legal fees, broker, auditors and due diligence associated with the acquisition of Terranueva, there is 400,000.$ left. Now, if the deal is rejected, Mr McDonald will take his due - 361,300.$ - and most probably will close the shop. Here again ...more  
Comment by Investor4real on Nov 03, 2018 3:34pm
More positive posters than negative ones! What does that mean? Opinions are not that important anymore! Only the votes!! Sad state of affairs here!! Nevertheless, we will know in due time!! Either the shareholders miscalculated here, or was it the CEO?
Comment by atika on Nov 03, 2018 5:20pm
Hi investor4real. The question is not who is responsable of the miscalulation. It is too late to go back. The reality is this : if we vote NO, we loose everything. If we vote YES, we have a probability to get our money back or better, to make a profit. I prefer to have a probality of something good than the death of Axe's shareholder value. At this point, discussions concerning the deal are ...more  
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