GREY:ADEXF - Post by User
Post by
HVAN1on Feb 13, 2013 2:52pm
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Post# 20983324
Every Day a New Low
Every Day a New Low New 52-week low of 10.5 cents touched briefly. May see 10 cents or below soon. The bid is awfully thin, and the ask is a boulder.
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Remember, AXI is out of cash. They had $3.2 million in working capital at the end of September. 4.5 months later and that's mostly gone. I suspect management is trying to put a private placement together. Gingerich needs to pay for lunch.