Interesting to note that by getting those AKKOAs for no cost on a 1:3 basis, those who participated, by selling those options @ .002, which could very well have happened by now, brings the cost of the shares that they bought @ .006 to .0053 and I'd guess that a vast majority of those 276 million have also changed hands since they were issued.
Suggests that two significant overhangs may have been substantially cleared, leaving mid to long term investors who want to see some more development and, maybe, some STs who have still held to see the next the results of those two remaining wells.
Monday's dump just might have been the worst case scenario.
Results of next two wells will tell us a lot more.
Also suggests that those SIs who participated would probably be happy to participate again, as was alluded to by the CEO in that last announcement!!! That could be a real positive given AKKs definite need for financial "friends" going forward!
Makes RESULTS even more important from now on!!!
AKK Price at posting:
0.5¢ Sentiment: Buy Disclosure: Not Held