Orion
Not so . You see people invest with an element of trust that what they are being told is the truth
Let me give you some examples
Akk working on a debt package
Akk being cash flow positive ( said many times but never the case )
790 ft oil column
Will be drilling 3, 6 then 9 wells
NPV values with zero discount rate - never seen that before and probably never will
Selling gas to canabis farmers
Profitable at 30
Unless new investors have a good idea of the history of spin it it easy to believe . I mean even the likes of you with your "industry experience" have lapped up the rubbish , and it is and has always been pure rubbish . So I think people are very entitled to blame management to an extent
This is and has been the core reason why we post , because the announcements and the wording have always been designed to suck in new holders to keep a horribly unsuccessful business afloat and allow the FPL/akk crew to not only draw out millions in salaries over the years but also pay plenty to their associated companies.
They infact have been so slippery even ASX is onto them and that is very rare in the small cap resource space
FPL Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held