Axas, unhedged, should propose $10/share offering
to stockholders for 20 million
shares to be sold to pay off the
big debtors of the company...
A Restricted Share offering should
be done with 1 year hold restriction...
And offered first to all current
shareholders of any share size...
And then to general market for
the balance at set $10/share price...
AXAS could then save all the
interest cost and also have
control over using cash flow to
fund well growth programs...
I would take the 1st 500 shares
if they will put #1 on the share
legend at issue...
So we watch...LJ
Gee Beav, rithmatic isn't usually this hard to read!