Replies to post #6112 on Addax Petroleum (fka AXC)

[seek the light]

?Some facts from June 31 2015 10Q:



1] Shares outstanding as of end of July are just under 2.88 billion.



2] No CD sold during the June Quarter. Still around $300,000 outstanding.




3] ERHC received $707,000 after the Q ended from Insurance on the CD lose from years ago. So they should have just about $1.3 million in cash as of Mid August. Still spending about $600,000 per quarter.




4] Still talking about acquiring assets in other countries and have actually spent about $40,000 more in that effort over the last 9 months.




5] Chrome converted their $250,000 note into 82.8 million shares. This equals a conversion price of just under .0027/share.




Not too bad. Certainly could have been much worse.