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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 > Compare to AXQ Balance Sheet
View:
Post by Predator2018 on Nov 01, 2018 4:11pm

Compare to AXQ Balance Sheet

From recent financials

AXQ Asstes (Mainly cash) = 867K

AXQ Liability = 23k

Shareholder Equity = 844k

Basically, AXQ has a very clean balance sheet (no debt) while Terra is a going concern with negative equity.

Apart from speculation based on the past marijuana hypes which is no going away as reality sets in, Why would anyone recommend this deal. in fact, AXQ is better off seeking other deals or focusing on owning dispensaries or the retail side which it can do on its own without destroying existing shareholders.
Comment by Predator2018 on Nov 01, 2018 4:14pm
Apart from speculation based on the past marijuana hypes which is now going away as reality sets in, Why would anyone recommend this deal. in fact, AXQ is better off seeking other deals or focusing on owning dispensaries or the retail side which it can do on its own without destroying existing shareholders.
Comment by atika on Nov 01, 2018 4:41pm
David McDonald have look at other opportunities for more than 8 months. Actually, Axe is nothing more than a shell. Terranueva has been proposed to Axe by someone who has no interest in destroying Axe or his shareholders. Even Mr McDonald took a loss of 86,300.$ when he accepted to negotiate his termination contract with Axe. Even more, he was paid on the basis of 0.80 cents per share and accepted ...more  
Comment by Predator2018 on Nov 01, 2018 4:48pm
David is a clown who fed on shareholders for more than 10 years with nothing to show for it. He should never be a CEO of a public company.
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