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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 21, 2003 5:18pm
231 Views
Post# 6545523

RE: Good at one thing

RE: Good at one thingThree years ago they raised 36 million by floating 3 million shares. Today they BORROW 10 million at 12 PER CENT and throw in an option for 10 million shares at 25% below market price and supposedly the new funds will be primarily used to repay existing debt? Don't recall any debt with a 12 % interest rate so maybe someone could ask at the AGM if the bank was ready to pull the rug out from under this puppy. With such a bright future, it hardly seems likely. Would it be clearer if the identity of the investor was known? Is his identity hidden just to save him from public embarassment, to prevent someone else from convincing him that swampland has a greater upside than AXX shares or for some other behind the scenes reason? And the casual mentioning of prospects of projects in Austrailia and BC. Maybe someone could ask if progress on these "projects" has been adversely affected by being removed from the only other project in the company's history.
Bullboard Posts