Replies to post #11683 on Addax Petroleum (fka AXC)

[ssc]

Sounds like a myth. A billion new shares issued during the month of January to toxic converters and total volume for the month was 2.5 billion. The numbers say all those converted shares were dumped as fast as possible. That is not bullish.

What facts support the myth that all those converted shares are still held by the converters and the 2.5 billion in January volume didn't come from the dumping of a billion new toxic shares?

[seek the light]

sneak....IMO, most of the convertible shares were sold at a profit by the CN holders. Who bought them is the mystery?