Appears the market liked the AXE update, closing on its high of the day up 50%! Nothing changed for me, I am just sitting tight with the stock in the bottom draw. (Diamond hands I believe the kids call it)

As I said in a previous straw It remains a back the jockey story, in the case a very smart and motivated jockey named Mohammed.

A friend told me about AXE back in late 2019… and like most spec stories I didn’t really listen (silly me.) Then when I saw the agreement with IBM and Share price rocketing I asked him more about it. He works in Corporate Finance and had a one on one with Mohammed. He said he probably the smartest guy he has ever met and he also seems very genuine, passionate and driven by the work in his field not by money.

Quantum Computing is something I know nothing about but this investment is more a case of playing the man not the ball. And Mohammed is the man!

They are currently doing a cap raise via SPP only, Looking after existing holders with no discounted placement to outsiders. I went back through there announcements and they have a good history of treating shareholders well, which is what you want to see when get involved with a speculative play like this.

This is a high risk play and potentially even a company that could go to zero, but if they succeed it could also be 10x the current price.

A high risk/reward Buy.