Acceleware Ltd V.AXE

Gap closed

[Whampoa]

Hey Dave at glorious Bare Oaks, fellow gap chaser trader.

[ARRHWSK]

Yes I noticed that too....from Dec 8 to 9, 2021. Good sign. For comparison sake, AXE is 22% below it's 200 SMA, APPL is 19% below it's 200 SMA. AXE is doing well considering how thinnly traded it is compared to APPL. Also, we are at Dec 9, 2021 level of where AXE was last time it was at this price. APPL is at $130 which is where it was 1 year ago. Reporting of Q2 numbers in late August

[ScarletSpider]

I strongly believe q2 numbers will be inconsequential . It will likely be very close to q1 which was a loss how do you think there will be anything significant? the update testing results will likely be the driver until the company is selling the oil out of the site and I don’t see that happening until things really ramp up. I don’t see that until next year when the company is now validating the

[Lurker11]

They are producing oil.  If they are producing oil they are selling it and getting revenue for it.  Along with revenue they will have operating, transportation and processing costs which should all show up on the quarterly financials.

[ARRHWSK]

Precisely! Why Q2 can't come fast enough. I also expect they will need to quantify some of the technical data around RFXL. i.e. what power % they are up to etc?

[ScarletSpider]

I didn't see any direct indication of oil sold in q1. And the company produced oil fairly early. Now I am not saying that revenue will not be realized what I am saying to date unless I missed where the oil is being sold and revenue generated there is as mentioned no indication of it. If you guys believe that this is the case I would be grateful to show me what is substantiating this claim. I

[Lurker11]

It was mentioned in a few video's and in the latest press release dated May 26th that first oil production started in early April and shipments commenced in May.  They cannot ship oil to a processor with a processing contract and a buyer for the volumes.  Another significant milestone was reached early April 2022 with first oil production from the RF XL Pilot. Oil

[Malton1]

They could very easily and legally future date the transactions so that they appear later in the fiscal year as revenue.

[ARRHWSK]

Malton1, any oil production, in a pilot project like this, is material information. I don't see how they can forward date it in these circumstances. Investors need to know. Anything less than this is unethical.

[wealth2015]

the main reason for stock sellof is company silence on project oil flow, if they say we are at this moment getting xx barels of oil because we are testing diferent power inputs market wouldn't trade at 50% discount from high, but when you have silence about project some traders are exiting and moving money to other companies, I was crytical of ceo for some time on this board

[ScarletSpider]

thanks lurker so no revenue. If it takes time I don't think this will be realized for at least another quarter minimum if not two which puts it next year. But who knows. You know while revenue is ultimately key to determine share prices and any fair potential buyout price the underlying driver is showing success with the tech and proving it is a game changer they go hand in hand but the

[Lurker11]

Revenue will be recorded in the quarter they are realized along with operating, transportation, processing and other expenses associated with the operation of this site.  Since oil was shipped, processed and sold in Q2 the financial accounting associated with it will absolutely be recorded in the Q2 financials.