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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

Bullboard Posts
Comment by donmc70on Jun 26, 2002 4:29pm
140 Views
Post# 5242475

RE: market

RE: marketIMHO disagree completely. AXX has not reflected the tech market in general and while the future is positive it appears to be heavily manipulated. This has been evidenced by the Canaccord financing pump and dump, the recent Griffiths financing move from 1.00 to 2.30 and the present downward spiral which facilitated the June 10 cross. Until something positive such as black ink is produced the best that can be anticipated is doldrums, the worst and unfortunately very realistic scenario will be the testing of a buck. Would be interested in knowing if anyone can confirm that Q4 will not show the promised profitability and the new spin will be that Q1 is possible but Q2 is a more likely probability. Continuous revenue growth is pointless if profits cannot be produced. Anyone can buy revenue. This stock was selling for 2.60 back when it was listed on ASE and that was before the $18 tech boom and bust. Bottom line.....make money and a profit and shareholders will reap the benefits. Increased revenue and increased expenditures only benefits the ones siphoning off paycheques. If these trading patterns continue no one will be long term investing and it will continue to be a series of mini runs and long protracted drifts downward.
Bullboard Posts