Axiom Gold And Silver Corp (OTC:AXIO) has been moving down these days. The fall started on Monday, and yesterday the 
stock lost another 0.67% of its price, on a trading volume of 2,300 shares. But what is interesting here, is how long the downtrend will continue?
Considering the latest promotions of AXIO, it might be not for long. The campaign started yesterday, when the company was reported as one with huge potential by a bunch of promotional websites. The compensation for the alerts totaled $25,000, and the paying party was EAG Inc.
Though, apart from the promotions, Axiom took another precaution to get the up move again. Yesterday, an audio interview with Dr. John Larson, the company’ President and CEO, was released. In the interview, Mr. Larson described their business projects and strategies, in order to attract more investors.
Apparently, Axiom is doing its best to get the progressive move and the result should be seen shortly.[BANNER]
Looks like the situation is almost under control, however, the financials of AXIO don’t look like that. As of 31 May, this year the balance sheet shows:
* $96,126 total assets;
* $295,147 total liabilities;
* $902,146 net loss;
* $3,862,849 deficit accumulated during the exploration stage.
As the company has begun operations only 6 months ago, it has no established source of revenue yet. Moreover, some of its projects are still waiting for permanents from the Mexican Government.
Considering all these facts, promotions and news will hardly be enough to turn Axiom into a profitable company.
