RE: Might be something here Not sure when you got the Griffiths report but there was a report that sounds very much as you describe being circulated in Dec/Jan. The comments had a target of $2, etc. and was coincidently the same time they were flogging the stock at 75 cents. When they were doing their flogging during the 1.75 placement I did not see their "research" however I suspect that their target may have been set much higher. Getting into a stock on the basis of research from the bucket shop promoting it may not be the best investment tool. The fact that AXX is compelled to deal with Griffiths says much more about the present situation. As far analysts having better access to management while that is true it occurs mainly when they are being used. There is one analyst that has consistently appeared on conference calls following quarterly reports and that is Brian Pow of Acumen. In Jan 2000 he gave a one year target of 15.50 (when AXX was trading at 9.50) and in Feb Acumen was involved in the private placement of 3 million shares at 12.25. I think people here would reference and welcome any research but only if it is LEGITIMATE and UNBIASED. Personal contact with management is unproductive as any attendees to the AGM will attest. Your insight that the stock will produce good returns or head to .25 would appear to be accurrate. Island99/Quaill/Danno and others here may not be quoted in bucket shop research but their comments should be taken seriously. People on this board have nothing personal against the present company directors. We are merely realistic after years of arrogant and unresponsive management, inaccurrate projections, an unfocused business plan littered with failed projects, unfulfilled potential, financial chaos and the gradual dilution of an enterprise that had a very promising future.