Latest News Release First of all congratulations to all at Axe for the latest milestone; this is great news. Why? Because it proves the viability of the RFXL technology. What better example of that than the successful production of oil at rates "consistent with the gradual ramp up of heating." To me this implies the volume of oil produced meets their expectations.
I'm glad as well about the "additional intellectual property development" and patents application.
At this point I am not at all concerned about the sale price; Acceleware is still a very small company and I don't expect the price to increase significantly any time soon.
What Acceleware needs is a good Ad agency. It's one thing to be presenting to the converted at these conventions, but outside of a few regulars on this forum, they are still a little known penny stock. What I would like to see is advertising on BNN and other financial news networks. They need to get word of their successes out to a broader audience.
I am certain this will happen in time as more successful milestones are met over the course of this summer.
As for the resignation of Laura McIntyre, I wouldn't read too much into this. The NR states she moved on to "pursue another career opportunity" and this should not be seen as a reflection of the Company.
Overall, this is a very positive News Release!