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AXIA NETMEDIA J T.AXX

"Axia Netmedia Corp owns, operates and sells services over fibre optic communications networks. Its reportable segments are The Covage segment and The North American segment."


TSX:AXX - Post by User

Bullboard Posts
Post by 499ccson Jun 18, 2007 8:23pm
405 Views
Post# 12962002

Just as I thought

Just as I thoughtToday we get the news release that the Australian federal guys don't want to couple the national broadband plan with regional initiatives (typical political shortsightedness, likely driven mostly by lobby/special interest groups with the feds' ear). There's so many people involved in these plays that the word leaked out..skittish investors headed for the door and the stock droppped 10%. As I suggested earlier, this is just normal course of business stuff, and doesn't fundamentally alter Axia's prospects IMO, nor affect the bottom line. Given most federal government's inability to see the big picture (including our own), the more likely scenario for an Axia win in Australia was and is at the state level...playing out much the same way it did in Alberta. Then there's additional French concessions, Singapore, the Mideast, and whatever else Axia biz dev folk have in the pipeline. France helped pop the stock a couple of bucks, and if Axia closes just one more deal in another jurisdiction, it will prove without question that the SuperNet model (or a variation of it) is replicable.
Bullboard Posts