Axim Biotechnologies Inc (ID) (AXIM)

Dr Alan Touch invented the two original eye tests owned by AXIM.
This is interesting news with an FDA slant.  Not sure what it means for AXIM.
I am not an investor at this point, but I still watch AXIM.  Catalina Valencia is the thread that ties AXIM to Advanced Tear Diagnostics and to Dr Alan Touch.

https://www.newmediawire.com/news/axim-biotechnologies-engages-624-advisors-owned-and-managed-by-dr-alan-j-touch-innovator-and-global-regulatory-leader-as-chief-medical-regulatory-affairs-advisor-7084987#

I'm not an investor but it has been incredible to watch AXIM these last 3 months.
CEO Catalina Valencia has signed two separate deals. 

South American deal and a 
South Korean deal.

AXIM is up 91% in last month.  
First agreement for South America. 

Now this second agreement announced with Vision Plus Corp for South Korea.

https://aximbiotech.com/axim-biotechnologies-inc-announces-exclusive-distribution-agreement-with-visionplus-corp-for-tearscan-lactoferrin-and-ige-diagnostic-tests-in-south-korea/


AXIM Biotechnologies, Inc. Announces Exclusive Distribution Agreement with VisionPlus Corp. for TearScan® Lactoferrin and IgE Diagnostic Tests in South Korea

I'm no longer invested in AXIM.  CEO, Catalina Valencia signed an exclusive deal to market the AXIM Dry Eye Disease tests in Latin America.  The tests can be sold immediately in Chile with no barriers.
https://finance.yahoo.com/news/axim-biotechnologies-announces-exclusive-latin-130100511.html

Will AXIM find and Cure Bleeding Eyes?

Notice that someone is quietly accumulating under the radar imo

Yesterday Reporting was interesting I think that they can detect and cure all types of cancer and even detect Parkinson’s disease

Also noticed on LinkedIn the Versea Ophthalmics/ Versea Health employee responsible for the T-POC site Implementations and CLIA setup verification shows an "Open to Work" sign on her LinkedIn profile.

Just to clarify. I am no longer an investor here.  I still follow AXIM out of curiosity. 
The AXIM Website still exists and has been updated to show the new leadership structure. 
 I will also mention that the Versea Ophthalmics web page no longer mentions T-POC. My assumption is the relationship with Verséa has been terminated. 
 Last I checked AXIM is behind on SEC Filings.  
https://aximbiotech.com/about/

Source: MITechNews
https://search.app/aXbDeTWbpfjfWFE26

Axim low float and on the move from .0019

Volume 8 million

.0026 on the ask

Someone else is buying here I only took a million GLTY who ever you are

Video posted yesterday on LinkedIn. 
It sounds like Verséa Ophthalmics is still talking about their TPOC diagnostic tests. 

https://www.linkedin.com/posts/ophthopedia_video-vers%C3%A9a-focused-on-diagnostic-technologies-activity-7273073162051805185-pY4-?utm_source=share&utm_medium=member_android

I'm not familiar with the rules and laws surrounding bankruptcy and the rights to the company's assets.  

However according to this video, Verséa Ophthalmics will still market the tests.

I wonder if a new Sapphire Biotech will rise out of the ashes of the AXIM failures?  The IP portfolio still has value even after AXIM is bankrupt.

Thank you! I will still stay waiting & seeing on any potential developments or tax losses.

Form 15, also known as the Certification and Notice of Termination of Registration, is used by companies to terminate their registration with the SEC. This form is typically used when a company has fewer than 300 shareholders and no longer wishes to have its securities traded on a national exchange.

:(

I have not experienced a Form 15 filing with a stock before. Would anyone be able to share their knowledge or past experience? Thank you & appreciate the posts and sharing of information.

Thanks for the link.
After the Sales disaster in Q2, I really didn't expect to see a Q3 10Q report.  Then John H died.  

I'm still going to watch to see what Catalina Valencia does.  She spent a lot of money buying AXIM shares on the open market back in 2022.

insert-text-here

Referring to John.

Are you saying Catalina Valencia died or is this sarcasm? Of course the AXIM website hasn't been updated in quite sometime with management changes.

This company apparently died.  
We were just chatting about the funeral arrangements. 

The CEO did actually die.  

But the company AXIM,  appears to have died back in the 2nd quarter.

I'm new to this stock been buying mainly because the low share structure. Could someone fill me in on any pending or possible news

Catalina Valencia is a lawyer with an M&A background.  

While I thought all along that Verséa Ophthalmics was a perfect merchandising partner for the Dry Eye portfolio maybe Catalina has other ideas.  It is strange that the links to the TPOC Dry Eye tests were removed from the Verséa website. 

Before AXIM acquired Sapphire Biotech, their IP was originally hatched by a team associated  with Arizona State University.   Maybe Catalina can find investment partners within the ASU family of small businesses?   The Dry Eye IP was later acquired from Advanced Tear Diagnostics. 

With FDA Waivers this company had a real chance.  It's very unfortunate where AXIM is right now.  

I still watch daily living in the world of hoping good news will be released. Pink Sheets has now taken to a caution with limited information.

Versea removing from website is unfortunately the signs of my stupidity holding on.

Versea Ophthalmics LinkedIn page posted a new TPOC customer just 1 month ago.

I still watch for signs of life, but it is curious that the Versea website has disabled the TPOC link at this time.

Well I held on hoping for a better outcome but looking at the Versea website I see the Tear-based, Point-of-Care (T-POC) quantitative testing platform is no loner an active link. 😪

It's a beautiful day.

https://www.businesswire.com/news/home/20241016766284/en/Eye-Health-America-and-Vers%C3%A9a-Ophthalmics-Inc.-Enter-Into-a-Preferred-Partnership-to-Support-Management-of-Ocular-Surface-Disease-and-Ocular-Surgery

This is total garbage. Just like the company that owns a majority stake of shares MJNA.

There are shareholders loans that total $484,000. There are no stated terms or conditions for these loans. Is that unusual? Who would loan money with no terms or conditions?

CEO John H in an interview in March 2024 was saying that with two FDA approved DED tests the stock price should be 10 cents. That would imply that AXIM owned the IP for those two tests. Now Tex is saying that insiders own the IP, not the company. What about the cancer tests in development, the Covid antibody level test, the Parkinson’s Disease test. Who owns the IP regarding these tests?

Yep.  Retail investors got crushed.

Verséa Health, Verséa Ophthalmics.   The other companies under that umbrella seem smart, knowledgeable and successful.  

So sorry to hear that. I lost on this one too. Looking like anyone who is still holding will lose now. Sad

Before the Q2 disaster I increased my share count almost 10× based on a false Hope.  After the Q2 disaster I sold out but not before losing 50% in a relatively short amount of time.

Hope is not a good investment strategy. 

The diagnostic test strip market for home use or CLIA waived tests for applications like the market Versea Ophthalmics wants to address seems like a good space. This space can be potentially profitable, but only if the tests have CLIA Waivers.  

Watch from a distance? Meaning you sold your shares and will keep an eye on this or?

Only asking as last I was here you held substantial position.

AXIM Insiders still control the AXIM Intellectual property.  I would be curious to watch from a distance if Verséa Ophthalmics is able to join or merge as part owner.  However it doesn't seem to matter anymore for the retail investor.  The price keeps falling.  Maybe that is the plan.


It probably makes sense for Verséa to let AXIM go bankrupt and then negotiate a deal with the insiders to take the company private.  I will watch from a distance to see what happens.


I have always had a positive impression about Catalina Valencia.  

She must have bought Mr Huemoeller's shares today.  It appears she paid way too much for over a million shares today.
She paid $28,608.22  for 1,086,216 shares which is  0.0263 per share.  She could have bought the same number of shares for $2172.43 today.  The only explanation I can think of is she bought the shares from Mr Huemoeller's family.  


RIP Mr Huemoeller.

Catalina Valencia owned 28.6 million shares in January 2024. She might still have a substantial incentive today to turn things around.

Just some sort of communication with the market might have a positive effect. Bankruptcy would make all those shares worthless.

Tex do you think Catalina becoming CEO matters?

Form 8-KRIP CEO Mr John Huemoeller. 
Catalina Valencia, 75, replaces Mr Huemoeller as CEO.

The market cap is reported as $750,000. The assets are estimated to be $4.2 million. The liabilities are reported to be around $7.3 million. Is the IP (intellectual property ) really worth so little? How much longer can AXIM avoid bankruptcy?

The Q2 results were a disaster. 

Verséa Ophthalmics LinkedIn page is silent about new customers.  No new customers.   No sales.

This basically tells us Q3 results will also be a disaster.  Why would AXIM pay money they don't have to tell us that Q3 was a disaster?  

Tex. Do you think AXIM has any cards left to play? Can they leverage their assets in any kind of meaningful way at this point?

Is Website shut down?

WWW.AXIMEYE.COM

This one still works.
https://aximbiotech.com/

Wonder if we’ll ever hear from AXIM again

Isn't it wonderful

Not seeing posts from AXIM or Versea I checked out the next The American Academy of Optometry meeting scheduled for November 2024.I located the exhibitor map. Versea secured a prime location directly across from Baush and Lomb. Hopefully we start to see some positive posts soon.

Your own statement says it best.

" Investors need to have more detailed information to make sound investment decisions. "


Let me add one more point to your statement.

AXIM needs to show measurable sales improvement across at least 2 quarters before an investor can make a sound investment decision.

If you are currently not invested in AXIM i would suggest waiting until you see at least 2 quarters of growing revenue before investing.

Thanks Tex and mc73.

They never explained why the DED tests number declined in the last quarter. Could it have been a manufacturing issue that limited available supply of tests rather than a steep decline in demand? That would be an important distinction to be able to discern.

I remember seeing in the last 10-Q that the company is projected to achieve break even around the end of 2024. That is 3 1/2 months from now. Is this remotely likely or even possible? And if this is not possible is it legal for AXIM to make a statement to that effect? Did I read that correctly?

The Parkinson’s Disease test could have a large market that is substantially bigger than DED. I was excited to hear about that development. Early diagnosis might be a useful thing for PD patients to perhaps make preventative lifestyle changes early in the course of their disease. Would IR or the CEO be willing to discuss what is going on with this PD test and other tests in development?

Oftentimes a Biotech company will discuss such things to keep investors as optimistic as possible without abusively stretching the truth or pumping.

Can shareholders demand some sort of timely updates? Investors need to have more detailed information to make sound investment decisions.

CLIA waiver efforts are also not clear to me. This is fundamental to the success of the company.

Perhaps there could be an opportunity to double down at a cheap stock price below this stock price or wait a longer time until break even and an end to the massive dilution. Does anybody have any hope left for AXIM?