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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 Aug 04, 2004 4:41pm
231 Views
Post# 7776623

RE: Hey Ops9

RE: Hey Ops9Not sure of what releases you are refering to that indicate they are getting their house in order. The spin of "reducing overhead costs" is in fact the abandoning of every venture they ever started as they finally admit that each was an unmitigated disaster including cutting loose Netricom which was the supposed "engine" for cash flow. The fact that they have 185 employees in no way prevents them from melting into nothing as they had over 600 employees and in March were within DAYS of not existing. As far as technical analysis and the effect of the tech sector in general, it is only valid if you are of the opinion that this stock is not continuously manipulated. That would be hard to beleive if you have followed the stock price related to each subsequent financing or considered the reputations of the "bucket shops" that they are forced to engage. That said, there is obviously something in the works since mid-May. There may be something to rumors that the price was being supported in anticipation of a June financing which failed to materialise and that the hope is a financing/dilution can be done after the quarterly results are released. If the support is because of some good news pending, then it has taken over two months to be confirmed and hopefully it is more then the fact that their stated objective is to be profitable. Even a positive cash flow would be welcome and certainly unexpected.
Bullboard Posts