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Re: Birch69696969 post# 138240

Thursday, 05/16/2024 10:12:21 AM

Thursday, May 16, 2024 10:12:21 AM

Post# of 138508
re: Why dilute?


$AXXA

Quote:
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Why dilute if you’re making cash profits?
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According to Barron's and MarketWatch, AXXA total capitalization is just $478.13K. That is not enough to pay the officer salaries of their 5 member staff.
Therefore they must keep dilution tap open just to keep the lights on. Prospects are dim here for AXXA to simply maintain its current value.

Forget the $50 million in revenues (if planet earth is still your home). That's as meaningless as the audit. These guys couldn't audit an empty toilet paper roll.