![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, April 12, 2013 9:56:32 PM
Balance sheet improving.
Has revenues
(Not sure how to interpret the income statement due to the fact I could not figure out what the numbers were for last quarter - maybe someone could break it down for us)
Net loss for the quarter was $<256,754> of which were contained in $<551,614> loss from last 9 months.
THE EQUITY TRANSACTIONS are killing the stock price.
THE SAVING GRACE:
IRONRIDGE VENTURES
Ironridge "married us" on February 22, 2013. After 180 days, they can start divorce proceedings by liquidating their initial 150 million shares.
"In connection with the transaction, IV agreed not to hold any short position in the issuer’s common stock, and not to engage in or effect, directly or indirectly, any short sale until at least 180 days after the end of the calculation period."
Ironridge has a vested interest in stock price success.
Conclusion:
Ironridge is the key for investor success - at least for the next 3 months. After 3 months, prepare to sell your shares.
The other equity deals will keep the PPS down for awhile thus the "flipping" which we have been seeing lately.
It's a wait and see.
$$AXLX
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