Guys, I think you all have mis-read the 5B to the extent you completely mis-understand AKK's core business:
1.1 Receipts from customers = A$45,000
3.1 Proceeds from issue of shares = A$1,517,000
AKK is not in the selling oil business, they are in the selling shares business...
If you take into account the revenue from selling shares as their core business and add to revenue from selling oil as a sideline business, then deduct expenditure, you have a cashflow positive business...
Of course, to maintain cashflow positive, they will have to sell shares every quarter (how many of the last 4 quarters have they not sold shares though)!
Cheers, Sharks
AKK Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
