Hello Hugh, could you please tell me where you come up with the number of actual tradable shares as being around 10M? I know that there are 45.3M+ or so issued, and 20% are closely held. That leaves about 36M. Are there 26M or so that are held by AXC pension funds or the like? If this info is contained in a report that I just somehow overlooked, just point me at the report or the link. I know that this has come up a couple of times and I just wanted to get my understanding straight once and for all.
Incidentally, looks like we're in a (Bollinger) channel of 5-1/2 to 6-1/2 or so right now....
Also, likewise agree with you: "don't tink it good idea to witholdum votems!!!" Under the Board and the management, some of whom are being nominated to the Board, this co. has done remarkably well at pulling-off the Lazarus trick (IMHO). I don't think this is blind bullishness (I keep revisiting my owning AXC often, believe me). But, I still look as recently as the last earnings report this week for supporting my buying MORE. It is incredible to me that despite declining sales, relatively large legal fees, and other costs, AXC still essentially met the street's estimates (after all NRI items). Mgt. is clearly trying to make money, and despite many obstacles are doing just that...
At the same time, I've resigned myself to the fact that it may take a long time for AXC to go up, especially if the Street is really hell bent on a KM announcement. This may never come simply because AXC's customer(s) may not want to announce until well after the fact - if ever. Earnings are the key and may indeed be the only way (painfully long that it may be) that we'll ever know about any more KM deals. I think mgt. (and the Board) are most focused on flying the plane through the mountains right now. That is, setting up the company for steady growth. Out of that, done correctly, will be the earnings. All, of course, IMHO.
Thanx a bunch for the help.
Ron M. |
