GREY:ADEXF - Post by User
Post by
behrhunteron Dec 01, 2011 11:38pm
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Post# 19285588
Financial statements
Financial statements
I found the interim financial statements a bit confusing this time.
No question the G&A expenses have shot up. And while there is mention of the debenture, unless I missed it, there is nothing really explained but the convertable option. And I was unable to see that the 5 million was actually disbursed. Admitedly I did not peruse the statements closely , so maybe I just missed that. Or maybe it is like some of the posters stated in the spring when I questioned about the money not actually coming from Chinese, who took the time to brutally point out to me that it was really there. Guess it wasnt.
As far as the staking, AXI stated they staked and claimed 57 new sites on the Melville pennisula for a total of some 124k acres? That does not seem to jive with what some posters are claiming.
Zedman, you seem to be on top of this. What does the SID show for claims filed in Melville in 2011, or is this including the claims in other people's names. If so, I would assume they must have some form of agreement for transfer, and that it is done deal, or they would not make such a claim in their financials.
Maybe one of those who likes to talk to the company would ask the question, point blank, and clarify it.
As the next financials are many months away, I think AXI has to make some announcements that the 5 million is actually in hand, and very soon