AKK 0.00% 0.3¢ austin exploration limited

I have been burnt bad on this stock, I would tell any newcomers...

  1. 1,340 Posts.
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    I have been burnt bad on this stock, I would tell any newcomers to turn around and never look back. Management do not give a flying sh*t about shareholders, they are just prolonging the inevitable. This company has after so many years yet to make a profit, and continue to keep asking for more money while they feed us some absurdity about how they will turn it around.

    I do not see how this company is going to improve, and I believe that Austin's management is completely incompetent. We as shareholders have been funding these mediocre(straight s**thouse) American businessmen/engineers/conartists for too long. This has opened my eyes to the fact that within the stock markets there are some terrible companies with useless management that can fund their salaries for years and years, decades even without making any money. There needs to be more accountability for management of these micro caps, I for one will never invest(gamble) in this end of the market again.

    To any of the more experienced holders on here, What will happen if the company continues to just burn through cash without becoming profitable? Will they end up going broke, run out of assets to borrow against and delist/file for bankruptcy?
 
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Currently unlisted public company.

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