Axiom Corp (OTCMKTS:AXMM) On An Impressive Winning Streak

[[tagnumber 0]][[tagnumber 1]]Back in March Axiom Corp (OTCMKTS:AXMM) was the target of a paid promotional campaign that led it closer to the $2 per share mark and ended in disaster. By the end of May the stock had lost around 90% of the value it had in mid–March and things weren’t looking too well.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One of the reasons for which the ticker lost so much value after it was pumped was that the promotional campaign wasn’t backed up by much PR coming from the company. Furthermore the numbers contained in [[tagnumber 6]]AXMM’s[[tagnumber 7]] report for the first quarter of the year weren’t really good.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $137 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $235 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $480 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $11 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $384 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Definitely not the numbers you would expect to see from a company that commands such a market cap as [[tagnumber 6]]AXMM.[[tagnumber 7]] That, however, didn’t stop the ticker from making an impressive run beginning in the early sessions of the month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The reason for the excitement is not a press release or something obvious, but is most probably the ongoing promotional campaign. This is rather strange, as pumped tickers that deflate don’t tend to come back with seven consecutive sessions in the green in which they gain 207%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But that’s exactly what happened to [[tagnumber 6]]AXMM[[tagnumber 7]] after yesterday’s gain of 16.22% which left the ticker hanging at $0.43 at the end of the sessions. The volume was also quite big compared to the average and the 1.26 million shares that switched hands generated $536 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session has started a bit slow and [[tagnumber 6]]AXMM[[tagnumber 7]] is currently 2.33% in the green. Will the ticker’s run continue is for time to tell. In any case, [[tagnumber 6]]AXMM[[tagnumber 7]] is a risky stock that can turn at any moment so doing your due diligence and weighing out the risks is crucial.[[tagnumber 2]]