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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 > CONFUSED
View:
Post by tbayroc on Dec 01, 2018 3:39pm

CONFUSED

I purhased this stock @ 10 cents per share. These 25,000 shares are now reduced to 1,562. my initial investment now goes from $2,500 to $1094. I need the stock to grow by two and a half times it's current value for me to break even. Lets say that it even declines to where i need to triple the value. No problem i feel confident that long term this venture will more than grow ten times it's initial value. this is short term pain for long term gain. look at the upside of the deal
Comment by atika on Dec 02, 2018 10:31am
Hi tbayroc. If you are so confident in Terranueva, I suggest you to exercice your rights : * original cost : 2500.$ for 1562 TEQ * exercise of 1562 rights : 1562 x 0.64 cents = 1000.$ * total investment : 3500.$ for 3124 TEQ * average price for 3124 TEQ : 1.12$ which is better than 1.60$ without the rights exercise Because you " feel confident that long term this venture will more than grow ...more  
Comment by Manakai on Dec 02, 2018 7:32pm
I’m still confused regarding the shareholders that “Claimed” they had received “ in the mail no less ) lol, rights offerings of equal value to the amount of sgsres they own “post rollback “? i have contacted Terranada twice by mail and as usual NO RESPONSE. i think these people used that flagrant comment  in a feeble attempt to sway voting pro reverse split. Any comments or thoughts would be ...more  
Comment by endeavour on Dec 03, 2018 3:02am
Manakai, not quite sure what you mean here. All shareholders received the Rights offering. There's no question about that, its a fact. Look it up on Sedar. But to ask shareholders who have already lost a heap of money on this and sat through a long halt, unable to trade, and now to accept a 1 for 16 rollback to then give the company yet more money to partipicate in a Rights offering, its ...more  
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