OTCPK:MGMXD - Post by User
Comment by
materialsgirlon Jan 23, 2017 6:12pm
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Post# 25743945
RE:the Kat from the USA
RE:the Kat from the USANewstock;
Your reading of the tea leaves may be correct. But over time the right marketing and the right accounting will lead to nothing.
AXY needs to have a heartbeat, in other words, profits or very good cash flow. Profits may be crimped a bit via excessive depreciation (Capital Cost Allowances) so we must make allowances for that.
We must all accept the reality that AXY shares are worthless if all it does is burn cash. The chickens are about to come home to roost and management needs to be roasted if they can only be long term losers.
If fundamentals remain fundamentally flawed then charts or volume or press releases cannot save us. My sense is that they do not need more time. They have had lots of time and management is proven to be time-wasters. fake story tellers and nothing else.
mat