Another of Vince's "Irish companies" or another of the IT contact Andrew Austin created "companies?"
Vince already played this game at his first public company. He ran and diluted that one from .50 per share when he took over all the way down .0003 with 2 or 3 AS increases and a couple RSs thrown in for good measure, all under the veil of merger/acquisitions of "cloud based companies."
Or look at his 3rd which I believe is at about .0008. Vince and associates "opened for business Feb. 1, 2013. Vince approved an increase from 300M to 5B and by the time it became effective, Feb. 28th(yes just 2 days after the AXLX AS increase became effective)he contacted a list of consultants and on March 5 it hit a high of .09 or .10 and the next disclosure showed 200M shares were added to the OS.
Use an average of .035 per share and the dilution amounts to about
$7M. Pretty nice payday considering the promotion was about a "company" that the outgoing CEO had created the day before Vince and Sean took over.