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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 Oct 04, 2002 12:11am
93 Views
Post# 5483612

RE: Revenues up 32%!!!!!!!!!!

RE: Revenues up 32%!!!!!!!!!!When a CEO of a company in the middle of the 3rd quarter predicts revenues of 140 million and produces under 100 million 135 days later it is not a matter of greed. It is either a blatant misrepresentation of fact or a complete ignorance of what is happening within the organization. If you are comfortable with either situation you are one of the few. Mid Feb the objective of cash flow positive by Mar31 was touted and acheived. At the end of March the company was also within a few cents per share of profitability. All that we would like to know is how from April to June 30 the company suddenly fell short of its estimates by 40 MILLION DOLLARS. This company should be well beyond the point where the best news they have is that they have secured a 10 million promisory note conditional on AXX achieving various milestones. In fact, it should be where the CEO said it would be or a reasonable explaination should be provided as to why the company has failed so miserably in its objectives.........that is not greed, that is reality. Perhaps tomorrows webcast will enlighten us all; however, I suspect that it will be another choreographed whitewash of staged questions as in the past.
Bullboard Posts