Sorry KDoc. IMO, this is not JUST a CR by any other name. "in relation to the material placement of securities."
This company is clearly at a critical, watershed moment in their existence and IMO its very future.
These three wells will either make or break the company and to see someone taking a "material" placement into the company when they are so close to finishing the three well drilling and the ultimate flow tests, suggests to me that this is not just another CR and could even be a cornerstone investment, or, at least, someone who is much more bullish about this company than several on this forum.
I am still of the opinion that NO judgement can be made of this "new" attempt by AKK management to make it work this time until we HAVE seen (a) who is taking the placement and how much and upon what terms and (b) what the actual flow rates are, if in fact they do have a flow rate.
This is nothing but a red blooded punter's stock while those questions remain unanswered, but, I wouldn't be throwing them all out with the bath water YET!!
Franky, taking a purely cynical view of this company and if one followed the"they've got form" message so heavily being emphasized here, I would have thought that we would not have heard anything about a CR, or placement (as I have always suspected would HAVE to be the case) until AFTER some lovely frothy words came out either when the last well had been completed (i.e. serious oil shows throughout the drill stem etc) or, until after the actual flow tests with even "hotter" words to create a solid spike and then have a retail CR, as there is no way they will get retail cash with the SP below one measly cent!!!
All holders will very soon know if "they have done it again"!!!!!!!!
