Ann: Trading Halt, page-23

That's right Whisky .. (1) actually read what it says and (2) understand what it means

Accepted investopedia definition of "Placement" - my bolding
"A placement is the sale of securities to a small number of private investors that is exempt from registration with the Securities and Exchange Commission under Regulation D, as are fixed annuities. This exemption makes a placement a less expensive way for a company to raise capital compared to a public offering."

That capital makes its way onto the books and ends up in the "Shareholder Equity" section of the balance sheet (at the bottom as you need to focus there. It is of course "cash" (temporarily) in the Asset section until deployed).

The use of the capital raised is what shareholders ought to care about - and they say it is to make an acquisition of some kind. You would hope it is NOT more acreage as additional acreage requires future capital to develop .... its not as if AKK has run out of drilling locations already with 387 to go

Maybe, since mgmt believes they are also great drillers, they will acquire part owners of Dr Hart's private family company MATH Energy ... becoming world class"vertically integrated" E&P with upstream, midstream and downstream operations.

FWIW, when capital is scarce, it needs to be raised and deployed into actions that turn capital in cash generating activities.

Good luck

And what's this nonsense about HHub = $3.50/Mcf so therefore @ 1 Mmcfpd that's $3,500 to AKK. Focus on the amount of net cash AKK receives from its operating activities .... gross sales numbers are totally meaningless.