Addax Petroleum (fka AXC)

[Krombacher]

It depends.

First, they have to decide to sell that amount. So nothing happens to the share price until they decide to do so.

Second, it depends on WHEN they want to sell those shares. Maybe after oil is found?

Third, it depends on how fearful investors are about a bunch of BS. If investors understand and are willing to absorb the shares by buying them from the sellers, then no biggie.

That last point is an important one. Shareholder perception is more important than a lousy $808k of CD's left. It makes NO sense for the market cap to fall millions of dollars for a paltry couple hundred thousand in CD's. The market cap should have fallen only the amount that was raised. The rest of it is fear or concern or call it what you want...but irrational selling nonetheless.

That will correct upward eventually, imo.

Krombacher