Everything in the press release is just a delay and confusion tactic. They've got no money, no partnership funding, and a really crummy feasibility study. Picking up the phone and talking to a few companies about LNG or port facilities is fine, but it's not news. Closing a deal is what matters. Closing deals is not AXI management's forte.

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And you've seen this nonsense about "collaborations" before. Last April there was a press release about an agreement with the Government of Nunavut to study alternative energy. Whatever happened to that "collaboration"? Nothing.

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Vague press releases about "restructuring" have been put out since last February. What's come of it? Zilch.

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Mark my words, nothing will come out of the vague initiatives in the latest press release.