Axiom Corp (OTCMKTS:AXMM) Drops Below A Nickel
Axiom Corp (OTCMKTS:AXMM) managed to regain some altitude on Monday, but that state of developments didn’t last, as yesterday saw the ticker crash once more on massive volume.
Pumped tickers crash – this is the long and the short of it. That is exactly what happened to AXMM – the landing page made by InvetorsEdge back in March attracted attention and afforded massive volatility – after which the the company’s stock prices dropped catastrophically.
The same thing happened this June, but this time the campaign was carried out by StockReport.
Overall – the fact that the only way that the ticker has been able to rise is when it is being pumped should be enough of a tip-off about the company’s dubious nature. Monday’s dead cat bounce and the subsequent crash was no different in that regard as well.
And if those huge red flags aren’t enough to warn investors to be ware, here are some numbers from the company’s latest financial report:
- Cash – $137 thousand
- Current assets – $235 thousand
- Current liabilities – $480 thousand
- Revenues – $11 thousand
- Net Loss – $384 thousand
Long story short – AXMM‘s overall state looks horrible, and the fact that it has only seen activity when it is being pumped should be enough of a clue as to what it is all about.
Investors should take those facts into consideration and act accordingly.
