AXM Pharma Inc. (AXJ)

[Kodiak1]

My theory .. first post but I do own a lot of shares of this for a long time.

It is possible that someone was short a lot of shares, and because of the annoucement (or before hand knowledge) rushed to cover, driving up the price.

Why would he cover? Because it is possible that AXM will go "dark" see my next post. In this case, he would not be able to cover easily, and in months or maybe a year they would come back to the market at substantially higher prices.

AXM can go dark because it meets the criteria, less than 200 share holders, etc. See my next email.

Fear of going under: Forget it. The 6 individuals who lent big bucks here even took changed their agreement to take the new factory off as collatral (sp), so that they can use the factory to obtain production money from banks.
Why would the newly acquired company settle for 4M AXM shares at $1.25 if it was going under? Makes no sense.

Even though I have way over 100 thousand shares, I would prefer they go dark and save tremendous costs and work to build this company. Come back in a year as a profit earning firm and trade for a few dollars ... the few dollars that individual probably saved by covering his short even up to .30 + .. my theory.

Read the next post about going dark, and you may understand the potential here in real life.

Kodiak1