Somebody is always thinking the price is always rigged and these shadowy "market makers", of which there are none for AXC stock, know it all and are making untold millions. If they were, why are they still working? And since this is run by a specialist and an auction system, not the NASDAQ robbery system, why lump it in with all their conspiracy systems. For my part, I firmly believe the excellence of this board keeps us far better informed (think of how many of us follow AXC as a part time job!) than any shadowy "market makers", of which there are none. True, we are on a time lag to the rumor mill that runs thru the street, but usually, at least in AXC's case, they has been false.
And as to people blowing off the 8M as nothing, AXC really does need the money. I plum forgot, I'd been so focused on current issues, about the $70M due the end of this year either in hi priced shares (we hope) or in cold hard cash, or some combination thereof. If this 8M gets paid, that would bring their cash position, as we know it now before 1Q gets reported, up to 40M. Not bad, considering the very survival of the company was in doubt just 3 years ago. Plus, its evident from the 10K that this year more $ than ever will be spent on KM research, witness the need for specialty testing equipment, that's what the 1.15M shares are supposed to be for, if the price ever gets more fully valued and they still need the $. Also, witness the big rampup in highly skilled and experienced disk drive positions, some of which have already been filled, some of which are still advertised. With 40M, if Mitsu eventually pays up, that'll be nearly $1 share.
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