Axion International Holdings, Inc. (OTCBB:AXIH) Still Grows from PR, Promotions
The last trading year has been a game changer for many stocks, starting a recovery on a mix of business improvement and, of course, paid promotions. Axion International Holdings, Inc. (OTCBB:AXIH) is no exception, moving to a higher range since January, and now running a breakthrough. AXIH grew by more than 14% on Wednesday, reaching $0.78 on dollar volumes above $344,000. 
Already on Tuesday, AXIH came in with a company update- and the climb spilled over to the Wednesday trading. In parallel, an email campaign runs for this ticker, with the latest reminder from ClubPennyStocks, for an unknown compensation. AXIH has been propped and prepared since November, with some emails receiving compensation as high as $10,000. So the current prices, the highest in more than a year, are still an anomaly, easily attributable to promotions and PR. 
AXIH is yet another solid OTCBB company, that nevertheless could cause as much jitters as any small cap. Still, the results of AXIH are a little better than run-of-the-mill penny stocks:
- cash: $599 thousand
- current assets: $4.8 million
- current liabilities: $3.6 million
- quarterly revenue: $1.2 million
- quarterly net loss: $1.3 million
It’s now a wait and see, to have AXIH mark the profits from a $42 million contract to deliver plastics to a major termoplastics company. With recycling and environmentalism growing, it is no wonder that AXIH may significantly improve its position.
But even companies with well-established activities and revenues sometimes fall to pure pessimism, and this may be true of AXIH when the promoters abandon it. And on top of all, an old agreement allows some investors to acquire convertible notes in the company, for instantly profitable 40 and 60 cent prices.
On the plus side, AXIH has a relatively low 31 million shares outstanding, on a market cap of a bit above $24 million.
Now, AXIH should come good on its promises to earn $10 million on the year. At 78 cents, this means that the price is accessible enough, and the promise high enough to invite new investors.
Even companies such as Vuzix, Inc. (OTCBB:VUZI) are not immune to days of setbacks. The ticker headed for $3, but lost power and now drifts sideways toward $2.59. The company has great promise as a seller of interactive augmented reality glasses.
World Moto, Inc.(OTCBB:FARE) is also preparing for a good year in 2014, but for now is traveling back to the 10-cent levels.
Plan your timing for AXIH well, unless you are ready to afford a short-term correction.
