Ann: Austin raises $1.7m addendum-AKK.AX, page-5

As Al pacino says
every time I wont to get out they pull me back in

That's right Troyboy, my figures are wrong, the reality is much worse . I estimated the fees were 80-100k put they are worse
The issue is not underwritten and costs of the raising are a $40,000 management fee and 6% commission on funds"
that is $140,000 plus wait for it..........................................................
"

	Column 1	Column 2
0	New Placement Options subject to approval at Shareholders meeting 14 June 2016 pursuant to the Placement Options Offer	18,793,487
1	New Options offered pursuant to the Sub-Underwriter Offer	216,679,179

That right , just another 240m shares and 240m new options

and for what - to drill another two wells that will trickle oil. Fully diluted 1.5 billion shares .. and the 1.7 becomes 1.56m in a blink p;us 242m new options md shares. you guys have been diluted by 1/3 for 1.56m in cash.

you should all be happy , as someone said , not a coiled spring but a coiled turd