RE:Why vote no?AXQ was trading at 0.035 cents bid before being halted a couple of days later. It went to 0.06 cents on the rumor of something was finally happening. So, it is not true that Axe's shareholder took a 50% hit.
Now, the financing that is taking place at 0.50 cents - 0.03 cents before the reverse split - is not the decision of the management, but the decision of Terranueva.
As Axe's shareholder, you have the opportunity to participate in the financing at 0.50 cents. Call Mr McDonald if you think it is a good deal. This is what I did.