I am dead wrong on their commitment to a Nasdaq listing. It will be interesting to see what kind of financing deal they can swing as an OTC stock.
They seem to place more value on staying Nasdaq compliant than having any earnings, so yeah, I can see where we are due for another split.
too bad, so sad
I think his last SA article was in April 2015, one of the first where he is not pumping Axion. Poor soul gave up on Axion almost a year ago now. He may have the worst record of any SA stock promoter. You have to wonder if he ever sold those 1 million shares or if he let them dwindle down to a few hundred bucks. Volume has really dried up on this stock making it difficult to unload shares without causing massive price swings. Not much action on the bid.
You too can be a Johnny "fluff-boy" Petersen millionaire. When he started his pump campaign on this board he had a million shares in AXPW worth millions of $s. Now after multiple reverse splits that million shares is only 572 shares worth a whopping $509.08. But hey "you can't dilute a beer by adding a shot of whiskey".
Before he pretended to be a battery expert he was a poster here trolling for novice stock dreamers to prop up the value of his 3 million shares.
On this board in 2009 authored by then rookie Axion blogger John Petersen stated:
"There will be no dilution
Dilution happens when a company sells shares for less than book value, which our erstwhile basher's other personalities keep reminding us is a low number for Axion.
You don't dilute a beer by adding a shot of whiskey.
You don't dilute a small company by selling additional shares at a reasonable price.
They're just trotting out the dilution bogeyman to cause fear, uncertainty and doubt. "
written by jlp_law2003 60/male Switzerland August 30, 2009 12:52am Less