Axiom Corp (OTCMKTS:AXMM) has exploded in recent days off its base at $1 on multi-million dollar volume out of nowhere quickly establishing itself as one of the top traded stocks on the entire bb.
Although details of the promotion are still unclear AXMM has the look and feel of a hard mailer promotion; over the past few days the Company has issued a flurry of press releases as the stock continues to move up on well over a million dollars a day in dollar volume.
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.”
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On March 18 AXMM announced that PaperNuts Corporation, the Company’s majority-owned subsidiary, has completed an agreement for the exclusive manufacturing of the next generation of PaperNuts technology.
As per terms and conditions set forth in the Agreement dated March 17, 2015 between PaperNuts Corporation and Mr. Don Girotti, President of Girotti Machine, PaperNuts has agreed to an exclusive manufacturing and purchase arrangement regarding the first 1,000 industrial-sized 4th generation PaperNuts Converters.
PaperNuts Corporation and Girotti Machine are nearing completion of final quality testing of the latest generation of PaperNuts technology. The 4th generation of PaperNuts Converter includes numerous innovations that have made the equipment smaller, quieter, more energy efficient, and easier to use. Initial manufacturing of the 4th generation PaperNuts Converter is expected to commence within the next 30 days following the final conclusion of current testing.
Tyler Pearson CEO of papernuts said “Don Girotti and the rest of the Girotti Machine team have been instrumental to our development of the latest generation of industrial-sized PaperNuts Converters and its many improvements. Their engineering talents and solid reputation as a world-class manufacturer of industrial-quality heavy equipment make them an ideal manufacturing partner as we prepare to ramp up a more aggressive sales and marketing strategy within the distribution and fulfillment vertical.”
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Thanks to Hotstocked we believe 26.4 million shares that were sold at a rate of just $0.0015 in June 2012 are very possibly the stock that is currently being liquidated.
Currently trading at a $140 million market valuation AXMM is a brand new Company with limited operating history. They also have minimal assets or debt and no revenues to date. But the stock is trading millions in dollar volume in tandem with a flurry of recent press releases; can you say glossy hard mailer? 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.