A simple Letter to Shareholders was all it took for the penny stock of Axion International Holdings, Inc. (AXIH) to officially end its year long slide. With revenues already more than 2X what they were a year ago and a reverse stock split due to come by the end of Q1, 2015, more shares of the leader in structural polymer solutions have traded in the first 30 minutes of today’s session than on any other full trading session this year. Being the biggest gainer in the top 10 traded OTC stocks during the first 30 minutes of trading, today’s Axion on AXIH stock proves yet again that traders will play if there is a good enough reason to do it – especially if history can repeat itself.
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AXIH Stock Quote
Axion International Holdings really is “changing the world in which we live.” Over the course of the first 9 months of 2014, the ……… manged to boost their revenues to $12,027,909 compared to the $4,532,274 they booked during the same period last year.
During this same time last year, AXIH stock ran from under 0.50 to almost surpassing $1.50. A year ago, the U.S. Department of Defense was still testing out Axion’s products in the construction of several vehicular and heavy-load short-span bridges at Fort Leonard Wood, Missouri and Fort Bragg, North Carolina. The DoD spends $22.5 billion annually on equipment and infrastructure as an impact of corrosion, a purse that Axion has proven to be able to be a part of.
Axion International already approved to do a reverse stock split prior to March 31, 2015 which will be anywhere from 1-for-8 to 1-for-20 which would effectively make the outstanding shares of AXIH stock anywhere from around 10 million to 4 million. They’re also planning to decrease their authorized shares from 250 million to match the reverse split which looks more and more like Claude Brown, CEO of Axion International Holdings, sees that the company’s business model is too damn good to let traders flip and short their stock.
Although his appointment to CEO was only done recently, Claude Brown has been working with Axion International since they were just coming up the ranks as a pivotal player in the green technology industry. Brown goes to great lengths in the 5 page letter to shareholders, which has been available for almost a week already, to infom those who care just how big ECOTRAX® rail ties and STRUXURE® building products are going to continue to grow as the Company continues to strive towards becoming a market leader in sustainable structural polymer technologies based on recycled plastics.
Thus far today, traders are looking at AXIH stock as “the play” despite StockMister putting all of his controlled sites on pumping up WSTI, the latest BestDamnPennyStocks pick. If history can repeat itself, the next week could see AXIH stock pushing upwards above $1 towards $1.50 just like it did last year.
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About AXIH Stock
Axion International Holdings, Inc. designs and manufactures innovative structural polymer solutions, engineering sustainable products and systems for applications that provide improved long-term value, consistent performance and reduced maintenance costs, offering a viable solution where stress and environmental factors cause degradation and deterioration of traditional products.
Issued and Outstanding: 77,517,025
Last 5 Trading Sessions:
This time last year, AXIH stock was one of the hottest penny stocks on the OTC, running from 0.49 to $1.43 for gains of almost 200%. If history repeats itself, those who got in early today under 0.45 could be in for the ride they need to take them into the holidays.
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