That certainly puts it into perspective Auto. You made an interesting point earlier - if this were a private business it would have gone under long ago. Investment capital is a precious resource and very difficult to get. So if a private business can't sustain itself and become profitable it goes under very quickly. But getting publicly listed means a business has much easier access to capital and a lot of small and micro caps take advantage of the CR system. The question is how long does a business deserve shareholder support - if it isn't even cash flow positive after 8 years and millions in funding what indication is there that it ever will be. Even if these guys get the money this time I ask how long would it be before they drilled a bunch of wells and become cash flow positive and then profitable - imo it would still be years away.
Kinda makes me think that while listing helps good companies pursue growth, it is also a social welfare system or life support system geared to sustain dud companies that will never be viable. And AKK regrettably is not the only example.
Cheers, Sharks
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
