Tuesday, September 24, 2013 8:26:00 PM
Vincent Browne, Chairman and Chief Executive of Axiologix Inc. said, "Our results for the financial year ended May 31, 2013 show solid progress in key areas of revenue growth, cash management and balance sheet development. Whereas the revenues were less than we forecasted for the full year they still came it at nearly five times the previous year, primarily due to the effect of reporting a full year from our Irish operations. We will continue to manage the resources we have wisely while we seek to grow the business both organically and by acquisition. We continue to progress our previously announced acquisitions and expect to have an update on the status of these initiatives later this month."
The last sentences is all that matters, "an update on the status". Move forward looking statements will only hurt the PPS. Unless Mr. Browne can provide proof of the finalized acquisition this will only go down, and he only has 4 trading by his timeline.
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