Axesstel Inc. (fka AXST)

[justnkz]

thanks,
I just read the 10q and think I see the answer to my question..
"Continuing losses from operations has significantly impacted our financial condition. At June 28, 2009 we had cash and cash equivalents of $1.3 million, negative working capital of $3.4 million and stockholders' deficit of $1.4 million. We do not currently have cash reserves or credit facilities that would enable us to sustain continued losses. If we continue to incur operating losses, we may not generate sufficient capital to fund our operations."

That says they are going BK if they don't get some money quick.. the market has known this for a while, which is why the stock has gone straight down.