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Saturday, November 26, 2022

A Close Look at Axiom Corp (OTCMKTS:AXMM)

Axiom Corp (OTCMKTS:AXMM) has started trading big volume at the $1 level and is moving higher in late afternoon trading. The stock is brand new on the bb’s and today marks the first day the stock has traded any significant volume.

AXMM has all the markings of a promo play in the early stages including a flurry or exciting press releases in recent days; as of now there is little known about AXMM with no board up on IHUB yet.

Axiom Corp (OTCMKTS:AXMM) operating through its majority owned subsidiary, PaperNuts Corporation, is a global focused developer and marketer of innovative and environmentally friendly packaging solutions.

PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates.

The “PaperNuts Converter” machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.

At the end of February the Company acquired PaperNuts Corporation which holds the global rights to proprietary technology and intellectual property developed in Finland to provide an environmentally friendly alternative to obsolete and harmful traditional loose-fill packaging options. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic “peanut” fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products.

CEO Kranti Kotni said at the time “Around the world there has been a big push for increased regulations on the use of loose-fill packaging material, especially polystyrene peanuts. The movement towards banning these types of environmentally destructive products represents a clear business opportunity for PaperNuts as more and more governments, companies, and consumers insist on adhering to stricter green guidelines for responsible packaging.”

Experts have estimated that the global recyclable packaging industry is poised for dramatic growth over the next several years, so the opportunity for the expansion of the PaperNuts brand within this sector appears to be truly enormous. I look forward to completing the acquisition of PaperNuts shortly.”

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On March 6 AXMM introduced its new management team following the recent majority acquisition of PaperNuts Corporation. Tyler Pearson, Chief Executive Officer and Director – Tyler has recently joined PaperNuts as the Company’s new CEO. He has a tremendous amount of industry knowledge within the global fulfillment vertical and will be a critical component in developing and ultimately executing the overall go to market business strategy for PaperNuts.

They also announced Scott MacRae as the new president, Steve D. Martin as the new vice president of business development, Andrew Hilton as Chief Financial Officer, John Lynch as Director and Jerry Moes as Director.

In addition, AXMM said they anticipate launching a revamped corporate and product dedicated website over the next few weeks. Specific details regarding the launch date for the new website will made available in a subsequent press release.

New CEO Tyler Pearson said “I am very pleased to be leading such a highly skilled and driven management team. Each person brings their own unique expertise and talents to the group, complementing each other’s skill set. As a company, we remain aggressive in our growth strategy and focused on delivering the best customer experience to clients using our innovative and environmentally friendly PaperNuts packaging solutions. I am confident that with our strong and dedicated team, we will exceed expectations.”

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Currently trading at a $56 million market valuation AXMM is a brand new Company with limited operating history. According to the 10Q from January 20 the Company has minimal assets or debt and no revenues to date. Significant volume has exploded out of nowhere in tandem with a flurry of recent press releases and it looks like promo here. We will be updating AXMM as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with AXMM.

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Disclosure: we hold no position in AXMM either long or short and we have not been compensated for this article.

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