Replies to post #8437 on Addax Petroleum (fka AXC)

[ssc]

That's ok, what's a little math error when the entire post was based on erroneous assumptions and ommissions. Like $45 million in cash compared to none now; 5 fully carried wells compared to 1 partial carry now; 14 billion barrel potential compared to 600 million now; $100 oil compared to $45 now. Throw in $2 million IRS lien and management new track record of using toxic debt, massive dilution and reverse split strategy and it is clear that any comparison to prior market cap highs is worthless and obtuse.

50 cents to $1 would be a miraculous windfall and the current price/volume action supports that opinion.