Sector, sharks, there is no denying that you guys do know your knitting. It is just a pity that you always assume and hypothesize the most negative position and with your obvious "influence" this really does a disservice to the forum, the company and the "benefit" that your knowledge can contribute to a viable, BALANCED, discussion which is so vital for this embryonic company.
Sure, AKK HAS got a very ordinary past with lots having lost big time in following them. But, they have stated quite clearly, and in doing so, virtually ADMITTED their past failings, when they say that they HAVE changed and spent the last 12 months developing a new model and have thrown out all the "blue sky" stuff.
ON PAPER, they ARE a "new" company and they certainly have spelled out a very logical, yet to be proven, business plan. The foundations are definitely in place for them to succeed.
You guys DO have much to offer this forum, but, sadly, you have turned off so many readers by continually digging up the past and always taking the worst case scenario, like watching the House of Reps question time!!
You must agree that management would be very aware of the sort of numbers that you are quoting which are totally unsustainable, for sure, BUT, it's VERY early days and let's give them a couple of months to show us what they are actually DOING with this asset and business plan, which, IMO, they can support in the interim, UNTIL they DO get those loan funds which, must be the prime item on their agenda.
I.E. MINIMAL, if any at all, further CRs. And keep in mind, people who actually buy AKK shares on the market are not putting anything into the company, shareholders only "give their hard earned" when they contribute to CRs, otherwise, it's just a gamble and should be seen to be such by all involved.
I have very little doubt that by the September Quarter results, everyone will be able to make up their own minds, i.e. take the full blame for their decisions, without any "advice" from anyone here on HC.
So, let's see all of that tit for tat crap disappear and let's hope for a purely balanced forum with ALL contributions supported by data and information that IS in the public arena for ALL to interpret and make their own judgements. We ALL know what you guys think, just stop stuffing it down our throats, you might still be proven to be right, but, NOT on the data that is currently available.. We are not children who have to be "protected".
AKK Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
