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Bullboard - Stock Discussion Forum AXE EXPLORATION INC V.AXQ

"Axe Exploration Inc is a Canadian based exploration stage company. It is engaged in the business of acquiring, exploring and developing of mining properties and also holds interests in properties at the exploration stage located in Canada. It has interests in four properties, which are located in Quebec, mainly in Abitibi area. Its properties include Destorbelle Property, Commandant Property... see more

TSXV:AXQ - Post Discussion

AXE EXPLORATION INC > Math 101
View:
Post by Manakai00 on Oct 13, 2018 12:04am

Math 101

Without Prejudice:

If there ever was a definition of a bad deal here it is folks.

I called Terranada’s office and spoke with the CFO.

The opening price if the deal goes through is proposed
to be .50 cents.

Let’s do the math....
Using a shareholders position of 160,000 
Before this was halted it traded at .06 cents 
With a value of 6 X 160,000 shares = $9,600
Ater the rollback of 1 new for 16 old gives the 
shareholder 160,000 divided by 16 = 10,000 
new Terranada shares with a value of $5,000.

And they have the audacity of saying after their 
AGM that they will be working hard for shareholder 
value.

I personally I am livid as I believe there is a greed factor
involved here at the rollback number of 1 for 16 !!!

There was a mere 57 million outstanding shares 
with a fairly health bank account so why stick ir
to the shareholders???

M.
Comment by Happy2K18 on Oct 13, 2018 6:38am
I totally agree with you, somebody would have said invest in AXQ they do a splitting 16 for 1action, I would have never listened to it. AXQ did not have 200 million shares. The games are quite advanced in the cannabis licenses will be more rare. Quebec companies have been waiting since last year for their licenses. Conclusion, the new leaders do not care about us and it is a pity. Impoverishment ...more  
Comment by divot111 on Oct 17, 2018 3:18am
Manakai. Penny stocks are insider enrichment schemes. MATH 101
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