Aahh...iNEXTV (AXC) The NEXT Thing! Message Board

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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: Ron Reynolds who wrote (3613)	5/3/2001 8:38:21 PM
From: bootsup1	Read Replies (1) of 4169

The 10k requires AXC to give constructive notice re: anything as substantial as a notice of delistment review by The American Stock Exchange....However, imo, this is a procedural matter prompted by the Price Waterhouse warning (a required thing by them considering 2000's cash burn vs revenue...and Ampex's debt picture). There are dozens of stocks on nasdaq with pending delistments right now....many have been trading below $1 for more than 30 days...many have other delistment criteria dogging them... I have observed that delistment postings by many of these companies have not been accompanied by their already depressed stock prices declining even further....but tomorrow will tell us if AXC will again test the .25 level on the heels of this afterhours release. We've surmised the Amex might do this for some time considering all the factors. I wonder just when AXC was notified....Was it weeks ago and just now coming out in the "silent company's" report? I would hope that the company is not considering a reverse stock split. A reverse split is historically a deathknell. However considering our large float and our place in corporate history I dunno...Since sub $1 for 30 days is not a delistment requirement on the amex as it is on nasdaq, I dont see why anyone would consider a reverse split. I do not think w/all that we know that AXC will be delisted...but -- should it go OTC, there have been many many companies that recovered and did very well trading there. Our current market environment is certainly different from the old days however, so it is just another uncertainty out there during a time when we are all suffering with this horrible stock price. I guess 6:30 tomorrow morning, the bootsup1 will be glued to the computer. (And years ago I said I'd never do this again!)

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