Petar Ilievski

Axia Group Inc.(PINK:AGIJ) Still in the Dark

by Petar Ilievski July 28, 2011

  • $7.6k in cash;
  • $56k in current assets;
  • $177k in current liabilities;
  • $25 million deficit;
  • $264k in sales;
  • $36k in net loss;

Now, not the worst balance sheet out there, but nevertheless, not an inspiring one. Let alone, these figures reflect a period, when the stock price was still in penny levels, way higher than the current one. In this aspect, coupled with the 180k paid for promotions, it is high caution that should be applied, when considering Axia as an investment opportunity.

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