Akk - the gift the keeps on giving in terms of commentary for the 4 amigos
A few facts
1. 6.5 m market cap - retained looses - 72m . That is right folks in a a few years AkK has blown 72m of share holder funds as still needs money to drill another well
2. Costs of raising -327k
3 first time I have heard of free options for PR and marketing companies .
4. Conditions were underwriting agreement can be canceled - if AKK closes at less than .6c at any time . What did it close at today ... Umm .5c . If
I were the underwriter and wanted to bail from this obligation , would be very easy to orchestrait a close of .5c
Now I am not sure how cash at end of sept is relevant and they take sept cash and add it to placement funds. Wouldn't it be more honest to take Nov 30 cash balance and add placement funds . cowboys !
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
