AJX 8.33% 1.3¢ alexium international group limited

Hi maybe, you asked on a thread that Parsifal started about...

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    Hi maybe,

    you asked on a thread that Parsifal started about my/our relationships with Alexium and why etc..

    I will speak for me.

    Lets get the Nick relationship out of the way first --- there is a lot about Nick that I like. I have had friends who have had, shall we say - very different parts to their personalities over the years - and, although all of us have some parts of our persona which are, well - a bit rough - I often can overlook them and see the other and think this person - well, in my life - I am glad I met them.

    That's it - no more complex than that.

    As to "your personal and business relationships and history with Nick and other members of AJX? "

    Well - for me - although we are speaking about Alexium - it's no different to other public companies on the ASX for me.

    I am a strong and total believer in what the ASX 'should' be about. To me - it should be an 'open' 'fair' and public instrument to raise money to catalyze great and wonderful ideas that would be difficult to create any other way and to assist them to survive and grow for the benefit of individuals and the Nation.
    That instrument should also provide ANYONE with the smallest amount of money a chance to grow their capital by putting their money on the line where they think fit.

    Now - unfortunately ---------- it isn't that at all.

    However - IMO - that should NOT stop us from fighting for it to be that way.

    Hence - I watch for companies to invest in. And, part of my process for investigating and monitoring the progress of those investments is to form relationships with boards and management and to question anything I feel should be questioned and to have a say when I feel that something is on the nose - and, as my own judge and jury (not being inside the companies) - to pursue matters 'whichever' way I choose within the law to right any wrongdoings I see. This could be protecting people or otherwise.

    I also believe that no matter how few shares someone has - that they not only are they technically part owners of the company - but, they have exactly the same rights if they have 1000 shares as someone (individual or institution) who has 100 million shares --------- no difference - that's the rules, that's the law and that should be the reality - end of story.

    I assume that you have read why I built Purrs, what it does and more or less, how I employ it.

    One of the things about Purrs is that it uses publicly available information - that is correlated into a very large data base which then is analysed to give signals for companies of interest.

    I built Purrs not so much because of what information is 'available' - but because of the lack of 'easily' available and easily understandable information - ie.

    there is just so much that is hidden from view by making information difficult to see (although keeping it public) and making that information difficult to analyse without masses of data gathering and compiling.

    The number one cab off the rank to know when something is dodgy is to watch for the stifling of information - cutting the freedom of speech, ie. censoring -- but,

    the next cab on the rank which is far less noticeable is obfuscation.

    Ie. supplying information - but, in ways that make things unclear - often, limiting the amount of data to small chunks - making it difficult to analyse over longer periods - and making any players named in that data - difficult to cross check etc..

    So - with all my investments - I believe that people are the key and, it is people that cause the problems or make the successes.

    No one is perfect - that is accepted. But, there are things that are acceptable and things that are not. Also, there are 'times' for people - and, times when - 'times up'.

    I might use Dirk as an example here - because Dirk is the new kid on the block - and, I think he is a good choice and I believe that for this stage Dirk is exactly what is needed - in the position that he is in now.

    However - if Alexium grows how we all expect and hope it will grow - one day - Dirk's time may be up - simple as that.

    It is a vastly different thing to be the CEO of a business that is MC of a couple hundred million dollars - as opposed to being a multi billion dollar company - and, I would say that for a first time CEO with a lot to learn - that it would be most unusual for it to have Dirk stay in this position through a growth phase like that.

    Pretty much all of the above requires some level of knowledge and relationships with the company - more than just sitting back and reading announcements.

    Many investors seem to think that Directors/Chairpersons/Executives are something special - some form of higher human who knows a great deal more than most and who have some magical powers to make decisions and have deep knowledge of corporate life.

    Sorry - that isn't the case. They are just normal humans - some very smart, some as thick as 2 short planks. Some honest and some dishonest. Some caring of others and some nothing other than self serving.

    The trick is to sort the wheat from the chaff ------------ and, when someone comes up short - to make a judgement on if that will have a negative effect on the investment - and to what degree if any.

    I said right from the start that Alexium was a gem - and,  I still believe that.

    I have said when I think something is crook - but, I have also said that I will support any company I am involved in AND it's people - when I think they are more value to the company than when they are not.

    If that situation changes - then, I do something.

    I seriously doubt if there is one company on the ASX that is perfect - it's always a matter of judging risk versus return.

    It's also no secret that I don't like trolls ----------- I believe that if you are going to say something - that if you can back it up - that's fine - but, the best thing to do is to actually DO something about it  besides just bitching.

    I fail to see the point in opening up even with bad news on a company that will effect it's share price (ie. the value to all of us) - if you are not prepared to do something about it.

    It is no secret that there is abuse by many types on the ASX  - but, much of the blame for that comes down to people just pulling the pin on an investment when they sense something not right, letting go and living with the bitter taste - but, that's it -

    all that does is let the perpetrators go somewhere else and harm another group.

    We would be all far better off if we stood up and did something. Many of these people who give the ASX a bad name have a history a mile long that is traceable - just that no one does it.

    I guess in summary -

    Watch out for censorship or silence, watch out for obfuscation,  watch out for BS and balance risk and reward

    IMO - if the former appears - that's bad news - clearly dodgy. Obfuscation and BS - well, that's always there to a degree, some because it has to be that way and some because it 'assists' in self serving  - which means you have to judge.

    All of the above  means one needs to learn about the people involved, or try to.

    If one doesn't - then the casino is probably as good a bet - maybe even better.

    Pinto


    Pretty obvious the above is all IMO

 
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