Sunday, May 03, 2015 12:58:21 PM
AXLX is now over 3 weeks overdue on filing its Quarterly Report for period ending Feb 28th. There has been no notification of late filing as there was for the last Quarterly and the last Annual, the ticket symbol is now the 'Warning Triangle' due to the lack of information on this company.
So we can only conclude there is no further intent to file any further Financial Reports or provide existing shareholders with information on the companies activities, despite SEC Regulations, which are not been followed or respected, which is a good indication of the type of person involved.
The Directors obviously haven't been able to raise the further funding needed to close the last announced deal, so this company just like FLTT is now just an empty shell company.
AXLX has lost all of its retained customers and revenue stream in the last 12 months - $6m of revenue to zero, surely a record management failure for the Directors. How could they fail this bad!!
Both companies should be delisted immediately, investigated by the SEC and the Directors barred from holding Directorship or being Company Officers for life, before being prosecuted for making fraudulent statements & untrue & misleading announcements.
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