Deceptive AXI does not have a Chinese partner. It's fundamentally deceptive to talk about having an Asian partner when you don't have a signed partnership/JV deal. A framework deal = a commitment by XinXing and AXI to negotiate towards a partnership. This negotiation has obviously not been going well, almost 19 months and no deal.
Months ago many of you told me AXI's deal with XinXing was done. All of you were wrong. I don't blame you for your misunderstanding, I blame John Gingerich for constantly trumpeting a partnership ("Fully Carried to Production") when a legally binding deal had not been agreed to. You got fooled by Gingerich's spin and you should be angry about it. He's lost you a lot of money by not being honest.
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It's also fundamentally deceptive that AXI doesn't publish its current cash position, or at least the cash position of its last quarterly financial statement from September, $3.2 million.
Why does AXI's presentation and factsheet trumpet its $8.3 million in cash, when that was its cash position from June? It's almost February! Why isn't the September financial statement available on AXI's website? Why is John Gingerich telling investors that AXI has a comfortable $15 million in the bank, when they likely have zero?
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I'll ask again: how many other companies in your investment portfolio are currently dead broke?