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Axai Axia group jump over 100% today on over 38,000,000 shares then fell back but ask is still up at .0003 anyone have any news on this stock or why it jumped im going to try and find more out but let me know if you know anything . Rumors have it the company is buying out a company or getting bought out . definitly seems like a good price at .0003
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I've been watching it closely, this stock was diluted to hell (from 1 million o/s to 200 million) and the dilution seems to be over. The only question is Why the dilution? With no actively run business (after rescinding the D&R Crane deal) speculation has it that some type of acquisition is to be announced soon. Who knows, but it seems the buy on rumor mentality was at work early today and daytraders jumped ship with no news by the end of the day. I'll continue to watch closely and will grab more with a juicy PR.
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