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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Rande Is who wrote (942)3/5/1999 12:30:00 PM
From: JP  Read Replies (1) of 4766
 
<<AXON started out last August at 1.50 per share. . .then slid to .15 last week. A 90 percent loss of capital in just over 6 months. Ouch. >>

No shares really traded -it just had to get to where the market wanted it at that point.
The deal with General Dynamics was released just last week. You can read it in the news section of the Axion thread -OR THE GENERAL DYNAMICS thread. Or on the General Dynamics web site. Basically David is sleeping with Goliath but Goliath is willing to brag about it. This is a great sign. Basically Computing Devices that is a GD subsidiary has a new product called battleWEB. Axion provides the engine for the display technology. This means that Axions product will be licenced and a royalty collected for all the military vehicles in Canada, Brittian and the US. Let us assume a $100 royalty and 100,000 vehicles. You do the math -with no expenses attached since it is a royalty. This is going to $2 in the next couple of months -easy. JP
As far as it being a Canadian based software company -so is/was Corel, Delrina, Hummingbird etc.
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