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I called the China office before but get no useful information. Sorry, guys.
I went to China last Dec. Spent more that one month over there. Just returned.
I was shocked when I saw the current China. I believe that China will become the #1 country in the world soon.
Found an interesting news today. In 2001, the land price of the Shenyang Economy Zone, where AXM factory resides, was about US$125 per square meter. Now the price is about US$250 to US$300 per square meter. On Nov 2006, an institute bought 110,000 square meters land for $32M US dollars.
The size of AXM factory is about 60,000 square meter. It worths about US$15,000,000 to US$18,000,000 now. This is just the land. The factory property is not priced in.
IMO, we have nothing to worry about. If I have money, I would continue to buy.
There are 13 million shares in the float with about 100K officially short (as opposed to naked short which can't be measured). Which means, not a lot of movement one way or the other. You would think if the company were totally nonsense, holders would dump a portion of their unrestricted shares. Someone else can interpret this better than me. El capitan aka el cabo
does anyone here know how many share are outstanding? tia
LVCowboy said:
This is one round eye that will be still an owner at either the end of axj or the new beginning when axj rises up from the dead and goes to ten dollars a share.LOL
From your mouth (or, more precisely, bulletin posting) to God's ears...
I hope we all get to see the latter happen. Good luck.
Jimmie
I'm with you, lvc
I'm sticking it out to the bitter or better end, which ever way it goes. One concern that I have right now is this: if axj were making progress and getting their ducks in a row, there should be some of that info. leaking to people who have an interest in the company. And these people would be buying and/or telling others to buy at this low, low price. That is not happening. I would love to see your prediction of $10 a share come to fruition. I can't imagine that happening, but if it should I'd be a millionaire. WOW!!! nice to dream.
I believe that this is a case where no news is good news. The longer we go without the company going under and being completely delisted the more likely axj is making progress and when they finally have all their ducks lined up and are making money they will let their shareholders still holding know. They probably are hoping to be rid of all of us and having the company completely owned by Chinese stockholders. I don't know about the rest of you, but I don't need the $4000 or tax write off bad enough to sell my 35,000 shares. This is one round eye that will be still an owner at either the end of axj or the new beginning when axj rises up from the dead and goes to ten dollars a share.LOL
it could be that all purchases here were mistakes, or they could be big winners...we hope the latter...who knows at this point. at best, this is a very high, high risk stock. it trades on the pinksheets, there is no income to our knowledge, three quarters behind on finicial reports, no press releases or other information to stockholders since who knows when, etc., etc., etc., I could go on and on. it may go up, or it may go down. anyone's guess is as good as onother's. hope is about all we have left. I think that, unless sellers step in, it has settled for the time being in the .10 to .13 range. but I really have no good information to base that opinion on, just speculation. it would be nice if management would show investors a little respect and tell us how things are going. but I'm not very optimistic that that will happen any time soon.
I think the purchase at .13 was a mistake.
It seems that we're teetering on the edge of a financial cliff --and it is a steep drop. Although it is true that it is "only money," there is no sense in enriching the MMs or other bottom feeders who prey on the false hopes of gullible investors.
If you can't afford to lose your investment-- all of it -- it would probably be wise to take a "wait and see" approach to this stock. Best wishes to all of us who have already taken positions here.
Jimmie
thanks, and I hope that you
more than double your money real soon. lp
I had $400 left over in my trading account after selling a stock and buying something else so I thought I'de put in a limit order for all or nothing on axj. I debated putting in the order at .09 or .10 but decided to see what would happen if I put it in at the ask. I was SURPRISED to have it filled immediately. It was done to satisfy my curiousity. I now have about 35,000 shares with a cost of about one dollar.
sorry, Jimmie, my mistake. LVC, would you respond to my questions? thanks.
I believe you might be addressing this question to LVCowboy, but I don't mind saying when, mid-December, or how many, about 4,000 shares at a price of between .09-.10. (I think I might've gotten, perhaps, 500 filled at .08 also.)
Jimmie
if you wouldn't mind sharing with us,
did you try to buy at a lower price, and was that all the shares you tried to get? there is virtually no trading interest at the present time, and the stock has not traded above .13 in over two months. stuck in .11 to .13 range at the present time. lp
I suspect that, unfortunately, you might be able to do just that... The stock seems to have momentarily settled at an equilibrium, but in the absence of any news, it will most likely start another "leg down." Foolishly, I will also be buying more shares, if and when, the price reaches .04-05.
Let's hope that I'm soon obliged to buy them at .40-.50 instead.
Jimmie
did your order get filled OK? I know there was some problems a few weeks ago. Lets hope it was a wise decision. I will only consider to buy again if the price drops below .10
wish you luck
DSD
I would have to agree that you are a
glutton for punishment. lol I just hope we look back at some time in the near future and say that you made a wise purchase decision. what the heck, it's only money!
I broke down and bought 3000 more shares at .13. Guess I am just a slow learner.LOL
Some information, for what it is worth. I had a (Chinese)friend who was traveling to Taiwan and I asked her to stop in at least 2 "drug stores" to see if she could purchase either the Elegance feminine product or the adjunct diabetes drug Glucostrim. The people working at each place were unfamiliar with the company, AXM Pharma, and the products. Of course, this is not mainland China, but is does show the limit of their distribution network.
As always, frustrating not to have any update from the company on their financing and manufacturing plans. Also, no word on what benefit, if any, from the merger with Ming Cheng -- which had been profitable BEFORE the two companies joined.
Hopefully some significant news will be forthcoming.
Jimmie
dried up completely, except for "bait". eom
I am ever hopeful - how can a business screw up in china these days - especially a chinese run business
looking half decent (volume) for a change. what a shame or it it sham that there is no company pr. they have cast American shareholders into one of the lower rungs of hell and seem completely indifferent to those of us over here who own this p.o.s. in bulk quantity. None the less, these are encouraging signs as we consult our wheel of fortune and ouiji board rolled into one. What a sad state of affairs. But we could just get lucky and lucky is good, sometimes much better than smart. Wishing all a happy new year and a good change of fortuna for us. El capitan aka el cabo
At first look, this would seem to be an encouraging sign. Over 130,000 shares sold and at a minimum price of .11. However, the one purchase at .13 appears to be an abberation -- or perhaps "bait" to lure other people into purchasing shares at that price.
Time wil tell, as always, but something, again, seems amiss here.
Cautiously hoping for the best,
Jimmie
Can anyone prove AXM Pharma was at the 56th PHARMCHINA Exhibition?
Trying to see if the company has a pulse.
56th PHARMCHINA Exhibition
Date: Dec.1-3, 2006
Where: Shenzhen Convention & Exhibition Center
PHARMCHINA is the largest exhibition in Chinese pharmaceutical industry. With a history of over 30 years, it attracts over 1500 exhibitors and 100000 visitors. Twice a year, they come to PHARMCHINA for new business opportunities in the process of Chinese pharmaceutical development.
AXM Pharma will be there.
If you know chinese, here is the link.
http://www.pharmchina.com.cn/tabid/166/Default.aspx
up to .13 one hour before closing - is this the new years good karma we have all been waiting for??
yep, it was a little encouraging today for the reasons
you gave. More volume (buying) would have helped and, maybe, raised the price. see what tomorrow brings.
Promising first day of the new year. Volume was nothing to get excited about -- but, at least the share price and bid/ask were solid throughout the day.
Better things to come?
Jimmieh
el capitan, we also saw the usual kind of trading yesterday, just about what you normally expect with an OTC stock, and at a much lower level than what we have seen the past few days. about half the shares were traded at 9.5 cents (probably buys by mm) and the other half at 10 or 11 cents (sells by mm), most at 10 cents. may the new year be filled with good news for us all. lp
Good post and so true-with axj Clint Eastwood's phrase "Are you feeling lucky punk" really does apply. To own axj you have to be feeling lucky as an invester or you would sell.LOL
Happy new year to all the axamites. At least we ended up on a positive note today; ie. the price held. Who would have thought we would be happy to see a dime when we were buying ths stock at 4 then 3 then 2 then 1 dollar? Well, since we know nothing about the company or its status, this is about as close to spin the wheel as it gets. Good luck. El capitan aka el cabo
Very strange day. The mms must be trying to move the price up. There were only two buys at .11 - 850 shares in the morning and 500 shares at the close. Who buys or sells only 500 shares of a .11 stock? Something is happening, but whether it will be good or bad for us longs is still to be determined. Good luck to everyone in 2007.
Another high volume (230,000+)day with no news. Curious.
And, after doing some research, I've learned the following:
For your convenience, I have attached the answer to the question taken from our FAQs located at http://www.pinksheets.com/faq.jsp#8a:
Are there any filing requirements with the Pink Sheets for the issuers?
Issuers are not required to register securities with the Securities and Exchange Commission (SEC), or be current in their reporting requirements to be quoted on the Pink Sheets. Nor are issuers required to file financial or other company information with the Pink Sheets. SEC Rule 10b-17 requires all issuers of publicly traded securities, including Pink Sheets securities, to notify the NASD at least 10 calendar days prior to the record date of any dividend or other distribution, stock split, reverse split, or rights or subscription offering
It seems SEC Rule 10b-17 DOES require notification 10 calender days prior to a stock split, reverse split, or subscription offering.
Hope this is useful to those "long" here.
Jimmie
LP said:
all the trading the last 3 days
at 10 cents is not normal OTC stock trading. mm's are in the business to make money not just swap shares...they buy low (one transaction) and sell higher (another transaction). that's why I say it appears that they are selling shares that the company (or someone) is selling or has sold to them at a discount.
LP, even if this is true, that the company sold shares to them at a discount, SOMEONE has to be buying them recently to account for the increased volume. Who do you think is responsible for the buying? Also, just a few days ago there were shares trading for .07 and .08 cents. Why was there not more activity at that time?
I'm only asking your opinion, since I don't think either of us will have a definitive answer. Also I hope,truly, that your postulation isn't correct.
Jimmie
all the trading the last 3 days
at 10 cents is not normal OTC stock trading. mm's are in the business to make money not just swap shares...they buy low (one transaction) and sell higher (another transaction). that's why I say it appears that they are selling shares that the company (or someone) is selling or has sold to them at a discount.
I know of pink sheet stocks that have issued new shares without making any announcement or filing. they often get caught with a lot of shares outstanding, then do a 1 for 20 or more reverse split. trading volume continues to be high after the split as the price falls, and before you turn around twice the outstanding shares are back up to pre-split levels. all without any published information. it has been done...I have seen it happen more than once on the unregulated pink sheets. it all depends upon how honest the company wants to be. I'm not saying that axj is diluting the stock this way. I'm simply saying that the trading is very unusual, and this pattern could be caused by the company diluting with the issue of new shares. we shall see...I am very concerned.
I'm a little perplexed at the volume too. Although, with so few people trading this week, it could simply be someone trying to influence the price temporarily.
I don't think you're right about the company being able to issue more shares without notice, simply because they are listed on the Pink Sheets. I remember reading that all companies listed on the Pink Sheets must give 10 days prior notice to any significant action -- including the issuance of new shares or any type of split/reverse split.
Hopefully, the past two days of buying are an indication that the worst is over -- at least for now.
Best wishes for a Happy New Year to all here.
Jimmie
something's going on here!!
I think I smell a rat. eom
Any ideas as to why so many shares traded at .010 the last three days? the price hasn't moved up or down. I would guess that the company is selling new shares to raise cash. so far, there have been about 200,000 shares traded worth $20,000. not much money, but maybe perhaps enough to stay afloat. there are very few restrictions on the pinks, so they can do just about anything they want to without any transparency or filings. Any thoughts?
Merry Christmas to all. May AXJ in 2007 rise from the dead and make us all believers in miracles.
happy holidays to all the axma faithful and faithless as well. I was kind of surprised to see that the float is only 14 million. I thought it might have been larger with dilution. Also surprised to see that the short interest is only 1 percent. maybe someone else can interpret these numbers. Google has a 3 per cent short interest and biomira ( a dollar and change) is a half of one percent. who knows? hope springs eternal for all of those still holding this p.o.u.g stock. Best to all. El cabo sin dinero aka el capitan
Picture may have spurred some interest this morning. I was beginning to think we would never see .10 on the ask again. no one put their money there yet, however. Merry Christmas to everyone here. lp
I have no idea whether the photo was intended to "bait" anyone into buying more shares, but if it was, the intended audience, i.e. people reading this board, most likely are already shareholders. And, anyone who would make a substantial purchase based on an unverified photo has probably already had their pockets picked clean...
It is interesting that AXMP never responded to my earlier post about contacting the company for an update, after earlier volunteering to do so if the share price dropped below .60.
Between now and year's end, it is most likely that the price will continue to erode by fractions of a penny, until it hits .03-.04. I hope this doesn't happen -- but, sadly, it seems probable.
Best wishes for a happy holiday. If this stock is the worst thing that has happened to you in the past year, as it is for me, then you are, in fact, quite fortunate.
Jimmie
and if you look in the background you don't see many of the other 1499 exhibitors, AXMP could do very well indeed if they were the only ones at the convention
Now that I think about it, I could do that on my cad software and paste the display on a show setting background.
According to AXMP, AXM Pharma was there
Posted by: AXMP
In reply to: None Date:11/26/2006 2:20:02 PM
Post #of 348
56th PHARMCHINA Exhibition
Date: Dec.1-3, 2006
Where: Shenzhen Convention & Exhibition Center
PHARMCHINA is the largest exhibition in Chinese pharmaceutical industry. With a history of over 30 years, it attracts over 1500 exhibitors and 100000 visitors. Twice a year, they come to PHARMCHINA for new business opportunities in the process of Chinese pharmaceutical development.
AXM Pharma will be there.
If you know chinese, here is the link.
http://www.pharmchina.com.cn/tabid/166/Default.aspx
at second glance the photo does look a bit fake doesn't it...
Was this pic just bait to sell more shares??
http://www.axmpharma.com.cn/img/news/20061110202818813.jpg
Merry Christmas to all and let's hope for a Happy New Year with AXJ.
Yes, it is sadly futile to speculate, since those of us left here know nothing. The fools are left on the floating pieces of the sinking ship. None the less, happy holidays to all the faithful and departed. El cabo sin dinero.
oops, looks like new 52-week low on the way. we could use some help here, management. eom
increase in volume today...NOT GOOD!! eom
agree with your assessment.
odds, imo, are 25/75 at best, probably more like 10/90. this is my first Chinese stock, and it may be that over there they usually don't report progress on startups until they achieve profitability. I just don't know, but if progress is being made, insiders are sure being tight lipped because no one believes in the company and is buying at this time.
Deep sea diver / gale force winds just off the bow. you are safer riding this out under the water. El capitan
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