What Do You Know About Axiom Corp (OTCMKTS:AXMM)
Axiom Corp (OTCMKTS:AXMM) started off slowly in the first days of March at around $1 a share with little indication of the monster it would become. In recent days however AXMM has rocked the bb’s and become the biggest and baddest runner on the entire exchange.
Only proof of promotion so far is axmminfo.com that contains a 17 page PDF AXMM promotional page from David Moore of Rising Stock Advisor. The Disclaimer states ”DM has been compensated $5,000 by a third-party for this Profile Report.”
Axiom Corp (OTCMKTS:AXMM) operating through its majority owned subsidiary, PaperNuts Corporation, a global focused developer and marketer of innovative and environmentally friendly packaging solutions.
At the end of February the Company announced it completed the acquisition of PaperNuts Corporation, a Canadian-based developer and marketer of innovative and environmentally friendly packaging solutions. As a result of the acquisition, PaperNuts Corporation has become a wholly-owned subsidiary of Axiom Corp.
CEO Tyler Pearson said “We are extremely pleased to have quickly completed this important going-public transaction that should help to accelerate our growth strategy and allow us to better deliver the highest-quality eco-friendly and sustainable paper packaging technologies to businesses of all sizes.”
According to axmminfo.com ‘’their idea was simple; cost effectively offer a replacement product for loose-fill packing peanuts. As for the scale of the opportunity, consider this; on December 2, 2013, One Company – the online retailer amazon.com received order for nearly 37 million items. That number is astonishing, but it pales in comparison to UPS’S statistics. That Company delivered 18 million packages every day last year – for a total of 4.6 billion in 2014.’’
On March 19 AXMM announced its BOD approved an Agreement with
Company President, Scott MacRae, one of the entrepreneurs behind PaperNuts and owner of 44% of AXMM’s (restricted) common stock that will result in the cancellation of 30,000,000 common shares of the Company in exchange for 3,000,000 newly issued multiple-voting preferred shares.
AXMM CEO Tyler Pearson said “By reducing the number of common shares outstanding and strengthening our share structure with a multiple-voting preferred class, we have improved our balance sheet and are now better positioned to take advantage of any potential opportunities or acquisitions that may present themselves,”
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Despite the ridiculous claims found on IHUB such as ”The last financial statement showed an income growth of almost 300% quarterly” or ”Also showed GREEN across the statement.” AXMM has dismal looking financials with just $822 in the treasury and $0 revenues to date – this while trading at a whopping $195 million market valuation.
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Currently trading at a $195 million market valuation AXMM has little real fundamentals to back it up and could drop big once the promo runs dry. AXMM has quickly become the biggest show in town; the volume and price action are nothing short of spectacular and the stock now commands the attention of a massive audience who wants more.We will be updating on AXMM as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with AXMM.
Disclosure: we hold no position in AXMM either long or short and we have not been compensated for this article.