Ann: Quarterly Cashflow Report-AKK.AX, page-8

Quite simply, when the pump was on, I told people to expect a raise, they don't have enough $ to last the quarter or to finish the planned wells...(usual replies followed)

Then the raise came, surprise surprise, big one too + plenty options. 455m @.006c

Was told plenty money for campaign, debt free...now if you look at the reality which I also said to wait for, the "truth" and the truth is out...

http://hotcopper.com.au/threads/any...old-at-0-012.2799131/page-51?post_id=18180420

They raised $2.95m
They paid back $478k
They took an exchange rate hit of $500k?? Still can't work that one out either given there meagre cash holdings.

They had $2m left at end June.

So if it wasn't for the raise, they'd have negative $500k and be insolvent.

But to be sure, they now have 1.073 billion shares and + 455m on the money options overhanging it.

This is after a 10:1 consol that took them back to under 300m just a few years ago.
Soon to be another 5x the shares yet again.

Can I laugh yet rampers?