Hi bigbuk, regarding AOXY,
I've read AOXY's financial reports from freeedgar.com
The Annual Report for the year ending June 1998 is worth looking at. It has audited financials. As of June 1998, they owned a lot of money and 23 million of the 29 million outstanding shares are prefered shares held by off-shore interests.
The most recent filing from May 1999, which is unaudited, reports a cancelled debt of $1,000,000 as the income you saw. So the .03/share earnings is not "profit" like we normally think of it. And it is a one time only occurance, it's not like they're earning .03/share each year from sales or anything.
Also, it appears someone is trying to unload 450,000 shares, if they haven't done so already. That's a lot of shares, maybe 10% of the float ?
biz.yahoo.com
AOXY's annual report from June 1998 has some information in it which is definitely worth reading before purchasing the stock at this level.
These are just my thoughts, but they are thoughts backed up by SEC filings. This post will not influence the stock price. Buying will influence the stock price. Selling will influence the stock price. And of course the MMs will influence the stock price. I'm sure if there's news of any kind, the MMs will run this stock up. That's just the way things work around here.
Good luck to everyone.
Regards,
Chris |
