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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

Comment by the_ocotilloon Oct 29, 2013 3:08pm
178 Views
Post# 21859134

RE:All that Cash

RE:All that CashLet's hope the November 30th date does not need to be extended. Even though Axia supposedly "led" the OpenNet Consortium, in reality Axia appeared to be nothing more than a figurehead in the OpenNet venture. Just fork over the S$38m and we will be on our way. (I have noticed that in addition to the Euro strengthening against the loonie, the Singapore dollar has modestly improved. The S$38m now equals C$32m).

All they need do with the money is start paying a respectable dividend and keep growing the business. It looks like there are quite a few communities in the "final review" status on the MassBroadband123 network. Maybe 2014 we start seeing some decent revenue from that project. (And maybe it leads to more NA projects in the future).
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