From today's filing it appears that we have some new management, exactly what so many people have been clamoring for. Mr Bethell will be CFO and Mr. Brown will be COO with Mr Adams hopefully steering them business from his commercial ventures......
(iii) William H. Bethell is the Chief Financial Officer and a member of DHAB whose principal business is acting as the Chief Financial Officer of AXIS. Mr. Bethell has his principal business address at 211 Pine Street, Massapequa Park, New York 11762. Mr. Bethell is a citizen of the United States.
(iv) Daniel L. Brown is the Chief Operating Officer and a member of DHAB whose principal business is acting as the Chief Operating Officer of AXIS. Mr. Brown has his principal business address at 2620 Thousand Oaks Boulevard (Suite 4000), Memphis, Tennessee 38118. Mr. Brown is a citizen of the United States.
AND
ii) J. Kevin Adams is the Chief Executive Officer and a member of DHAB whose principal business is serving as the Chief Executive Officer and Chairman of the board of directors of IRC – Interstate Realty Corporation. Mr. Adams has his principal business address at 2620 Thousand Oaks Boulevard (Suite 4000), Memphis, Tennessee 38118. Mr. Adams is a citizen of the United States.
I sure wouldn't lend or invest $6 million in a company if I didn't have a good feel about it. I would think this organization has done their due diligence and is looking for a big payoff sometime down the road. I believe every thing we have heard in the past few days, lends itself well to a company that is getting back on its feet. (yes, the numbers weren't great, but they were only thru Sept 09. Now maybe they will accelerate the filing of more current info. Many here have posted that AXTG didn't have the money to issue any PRs, file their numbers or literally do anything. And that could very well have been a primary reason the company has been paralyzed for so long. Maybe government entities or corporations did not want to do business with a company that was on its last leg. This infusion of capital definitely adds a huge degree of financial stability. They are out from under a terrible note to Gemini, but have issued a lot of stock to do so. But the filing states IRC does not have any immediate intention of selling any. That is good for us shareholders. Now maybe with such a large investor, additional and more capable management are joining the ranks allowing Kip and Jim to do their thing.
I have been a share holder for several years and plan on sticking around to see what transpires..GLTA
