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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
Post by donmc70on Mar 08, 2004 6:04pm
185 Views
Post# 7177478

Great news!!!!!!!

Great news!!!!!!!Oh, sorry.........wrong board. As for AXX, 3.5 financing done Dec 24 and now 8 million is quite a burn rate. Certainly indicates that positive cash flow is nowhere in the near future. And of course there is potentially over 11 million warrants issued since Xmas. More dilution should be a positive. This financing was so desperate we didn't even get the influx of new happy posters spreading the good word about unlimited potential. Sad part is even if you were unrealistic enough to expect a profit at some point in the future you would have to also have confidence that the profit would be used to increase shareholder value rather then replenish the trough. Please Art, drop the ball and give us a chance.
Bullboard Posts