AXM Pharma Inc. (AXJ)

[lasvegascowboy]

Time will tell whether this new company is worth anything. Remember AXJ really paid 1 million RMB in CASH plus 4.5 million shares of AXJ that is selling in the U.S. at .12 a share not $1.25. So they really only paid 1 million RMB plus $540,000 worth of shares in U.S. dollars. If nothing else this tells us longs that Madam Wang is still wheeling and dealing and she somehow managed to come up with 1 million RMB which I believe is trading around 7 or 8 to the dollar meaning that she raised about $125,000 U.S. in cash. No small amount for a broke company.