AXE EXPLORATION INC V.AXQ

Consequences of a NO vote

[atika]

What are the consequences of a NO vote on Axe's future ?
According to many discussions with David McDonald, it is clear enough for me that the NO voters will have to step in, I mean to run the company - find a new CEO and form a new board. Otherwise, the stock will remain halted for many months while  the company will have to face his legal obligations - auditors, legal fees, exchange fees, etc.
I am not trying to scare people, but trying to protect my own investment.
At this point, I would like to see more concrete alternatives by the NO voters, not science fiction but real alternatives. Maybe they will come up with something better than the not so perfect deal with Terranueva.
If they don't come up with something apparently better, not only I will continue to promote the YES vote, but I will ask them to change their vote as well.

Last point : the lawers involved in the deal have accepted to be paid with shares on the basis of 0.50 cents. David McDonald accepted to reduce his severance payment by 75,000.$ and received shares on the basis of 0.80 cents.
We, as shareholders, have the possibility to participate in the private placement at 0.50 cents as well. If it is good for them, it might be good for us !

[Desperado89]

Atika, please stop, you sound like a broken record. Of course it's good for enough for David and the lawyers, they have no shares in AXE so they have no lost, only a gain of the new shares. I too would be in huge support of the deal if I didnt have any shares of AXE but was getting a ton load of shares of the new company post consolidation for 50 cents. See the problem with your reasoning

[atika]

Desperado, I don't see any problem with my reasoning. You have the same amount of shares as me, but I decided to invest more money in the private placement because of the value of Terranueva. You can do the same if you think it is good whatever your situation before the halt trading. I know it sounds like a broken record, but the facts are the facts. If you are in " huge support of the

[youngkid]

What is the value of Terranueva?

[Desperado89]

Zilch... nada... nothing. Check the statements. Its balance sheet is negative and its shareholder value is negative and it is saddled with debt. Our axe balance sheet is in the green with cash on hand and a positive shareholder value. So take a wild guess which side wins in this deal.... I will give you a hint.... it's not existing axe shareholders.

[atika]

Desperado, how could you explain that Leede Jones Gable will raise 4 million $$ in such a garbage, according to you ? If Terranueva was that bad an investment and Axe such a jewel, Leede Jones Gable should have put their client's money in Axe, but this is not that they plan doing. Maybe the financial broker should have consulted you before !  

[Desperado89]

Atika.... you are clearly not getting it so i wont waste my time responding to you anymore. But will say it one last time for others who actually understand.... its a great deal for terraneuva and new shareholders coming in after the reverse takeover BUT it's a bad deal for existing Axe shareholders. So that's why they will be able to raise the $4M once the deal closes. But I as a

[atika]

Desperado, I AGREE WITH YOU ! I know that this is a bad deal for Axe's shareholder but, at the same time, IT'S TOO LATE TO GO BACK. We have to take our pill and if it is possible for some of us, participate in the private placement, because the real deal is at 0.50 cents, not at 1.66$ which is my cost with my shares of Axe. I am not promoting the deal for management, BUT FOR ME