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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 Dec 25, 2003 11:23am
161 Views
Post# 6819720

RE: Money for the Christmas Party

RE: Money for the Christmas PartyLoad up the trough for Xmas. These announcements every sixty days are all the same but you got to love the verbage. "Working capital" and "general corporate purposes" translates into executive payroll. No illusion that the funds are required for corporate growth. The only new twist to this financing is that the agreement outlines up front the consequences when Axia does not repay the "loan". Used to be that there was at least the pretense of planning to repay and become economically viable. In less then six months, if Axia can't repay the term loan [and this is a company that never has cash] they will give 2.6 million 3 year warrants at no extra cost. Certainly gives one an accurrate assessment of future share value.
Bullboard Posts