Sharks
Great post
Here is a thought for gassed to chew on
Two shareholders - both bought shares on akk 24c in 2006 each bought 100k shares each cost 24k
Shareholder one never participated in any of the CRs or entitlement offers over the years - total loss - 23920 dollars approx
Shareholder to participated in every CR and rights issue - opportunity has allowed him to invest another 100k over the years
Total loss 95000k approx
So who here has experienced the most dilution !!! .
Participating in a company that have shown a briliance in utilising the money for no result is not a sign of cleverness , loyalty or good investment aptitude . Why would anyone support this CR knowing the another CR would be just around the corner !
Guys - if you regaineer for the dilution and consolidation , the equivalent break even share price for the original investor is over 4 dollars. Amazing but true !
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
