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Wow so many new posters jump into action as soon as any news is out
any old posters still out there from the dark days???
then stop looking at this board if you are not happy with it
+.04 whats up?
I think volume is too thin to apply any technical analysis, was a nice pop upto .029 a few days back which showed someone was interested but from what I remember was only about 200K which is about $6K so hardly worth mentioning
am ever hopeful but think this thing is dead in the water- I will continue to hang around until the bitter end however
DSD
Thanks for the update Cheng, I think all of us here have accepted the fact that this company is going no where fast
However if there are any further bits of news about this company in the chinese press please keep us informed
Change in Directors or Principal Officers
13-Jul-2009
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
(b) Resignation of Director
On July 6, 2009, Mr. Baozhong Zhang resigned from his position as a director of AXM Pharma, Inc. (the "Company"). Mr. Zhang advised the Company that he was resigning for personal reasons. He did not note any disagreement with the Company concerning any matter relating to the Company's operations, policies or practices as a reason for his resignation.
RATS LEAVING THE SINKING SHIP ME THINKS
DSD
still here too...
marginally happy with the small price improvement but it was on very scant volume so not sure what to make of it, waiting for the next filing which I hope will be soon
DSD
Why do you have a "feeling"?
have you been in touch with the company, did they say something?
DSD
nobody make any sudden movements....
the share price just may go up again today
Maybe AXM is getting some of the $586 billion stimulus package that China has announced? could that be the funding the company was waiting for hahahahahaha!
web site looks like the same old $hi% so has not been updated but positive anyway
keep on hoping everyone DSD
or is it? - the web site is back online, what does this mean are they playing with our heads?
Maybe on vacation or did he tell you on the phone he did not want to talk to you about the company- in which case looks very bad....
It was something we were all aware of for a while now so it is no big supprise, however I did check the domain name and you can not buy axmpharma.com - someone still has it purchased so what can we conclude from this?
trading yesterday but only 2K and SP down
stock did not trade either yesterday, if dead why do we show a share price and spread?
should the company not have to issue a press release to inform all that they are bankrupt or have gone belly up or do conpanies like this just fade away????
DSD
seems axmp had its last trade at the end of sept and none since - is this the end?
looks like it, has been offline for about a week and a half now
Your prediction could be right LP, since friday AXM homepage is offline
That only means about 23M shares outstanding, there were previous postings saying we were up to about 40M no?
there are two SC 13 forms that went in so I take it that two people have have more than 5.3% of the shares
new public filing
Fellow bag holders/longs - there is a new public filing on the Axm website:- "Statement of acquisition of beneficial ownership by individuals" any suggestions what this could mean for us - if anything?
regards to all,
DSD
maybe he ment he would like the stock to go back up to 2 bucks a share sometime this century
you seriously going to load up at these prices? I take my hat off to you and admire your courage!
I can not believe management has made no inroads over the last year and has nothing to report to keep this company alive
I hear ya, I hope the company hears you also and does something before August
did not think chart analysis worked on stocks which have an average daily volume of less that 200K
lets just hope the factory is still standing after the massive earthquake in China!
At least you ended the day up on that trade
Mr Mazdas remarks seem as valid as the supposed press release that the company promised (post 648) within a few weeks
I guess they are all busy training for the olympics this summer and do not have time to provide information to shareholders
regards DSD
See you in the loony bin, I bought 10K @ 0.045 last week
will either get rich or get an ulcer
I think they used the fact that they got the cease and desist order to inform the sec of earlier improper reporting
I do not see this as the death of the company just another step to correcting reports for future filings - could be a very long process however and the sec may start another review of earlier reports.
DSD
new SEC filing.........
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
On March 31, 2008, while in the process of responding to SEC comments with respect to the Company’s 2005 financial statements, the Company’s audit committee determined that its annual financial statements for the fiscal year ended December 31, 2004 and all subsequent annual and quarterly financial statements contain errors and omissions. As a result, the audit committee concluded that these financial statements are no longer reliable.
The errors and omissions contained in these financial statements result from failure to properly record certain liabilities and expenses related to the issuance of Series C Preferred Stock and associated Common Stock Purchase Warrants during the quarter ended June 30, 2004 and certain liabilities and expenses related to the issuance of Secured Convertible Promissory Notes and associated Common Stock Purchase Warrants during the quarter ended April 30, 2005.
The audit committee has discussed this matter with its prior independent accountant, Lopez, Blevins, Bork & Associates, LLP, who issued reports with respect to the relevant periods, and has notified its current independent accountant, Paritz & Company, P.A., of this matter.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
AXM PHARMA, INC.
By: /s/ Elliot Maza
Elliot Maza
Chairman of the Audit Committee
LVC Thanks for the bit of detective work you did, I remain sceptical until any information is released. I am still hoping for a long shot on this one but everyday I am less certain.
regards DSD
probably the only singing I hear are the angels singing at the death of this company, am trying my best to be hopeful but this is starting to hurt - ouch!
On 20 Nov 2007 we went down to 4 cents on no news but came back up on, you guessed it - no news. We may well see lows like this again but its not over till the fat lady sings.
Its been over a year since the new auditors were hired and what have they filed since then.....
On January 12, 2007, AXM Pharma, Inc. (the "Company") engaged Paritz & Company, P.A. (“Paritz”) as its independent accountant to audit the Company’s financial statements.
Its sad Jimmie, its seems like the company does not even want anyone to know some good news.
I think the company is waiting for the SCE to officially announce the outcome in a SEC filing before they comment