GREY:ADEXF - Post by User
Post by
zedman4on Apr 30, 2010 1:34pm
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Post# 17049505
Axi shares will be worth....
Axi shares will be worth....apprx. .18 once the p.p. for the additional 17.5 million shares are sold.
( an extra half a million for the finders fee to Clavus)
On top of that compensation warrants (share and a half?) further dialutes the s.p.
In my opinion the funds raised by the announced p.p. offer will barely pay off
exsiting debts and leave very little for a drill program.
Gotta see the finacial statment to make certain.
Like other posters who hope for; only a joint partnership will save aei from this current
situation.
No white knight with deep pockets; this company is toast.