Axis Technologies Group Inc (AXTG)

[Prudent Capitalist]

An Interesting parallel - Up to a point. I realized recently that my experience as a substantial investor in AXTG over the past 6 months has had several interesting parallels with another substantial investment I have in Patriot Scientific (PTSC). Both stocks have traded much higher over the past 2-3 years, and both had fallen down to stikingly similar and unprecedented levels in 2009. Both are small companies trading on the Pinks, etc., and both had dropped precipitously for similar reasons (PTSC's critical patents were called into question), and each has badly needed positive news. I have followed both closely for over 2 years, and believe whoeheartedly in their products and prospects. From last spring through August, both companies were waiting for good news which would hopefully bring positive growth developments. PTSC waited for a ruling out of the USPTO regarding reexamination of its critical patents which had been up in the air for at least 18 months, along with court cases challenging the patents. And AXTG has waited for the UL listing on its new T8 addressable ballast, among other things. The news has been delayed in both instances well beyond what had been expected and predicted. I have held both patiently and watched as posters here and on Yahoo have unmercifully bashed each of the stocks, assailed management, and even saw several posters throw in the towel claiming they were through. It was the same long wait this past summer for me with both AXTG and PTSC, and I still wait on AXTG. But, in mid-September, the long wait with PTSC ended when the USPTO issued a notice upholding the validity of PTSC's critical 336 patent. This sent its stock, which had languished in the .08 - .13 range for most of the past 6 months, up to .35 - .40 in just a few days on huge volume (closed at .32 today). My point is not that this will happen with AXTG. None of us know for sure what will happen with AXTG. But, for those who are patient and believe, good things can and do happen with these small companies and stocks. And, the good runs tend to happen after a dearth of news and when everyone is about ready to throw in the towel. I still believe in AXTG and its products and potential and will patiently wait for positive developments just as I did with PTSC. Food for thought.