spp ann't, page-22

the problem with these raisings is
1. funding isnt secured as it is rleiant on success of SPP
2. this is a 10% dilution of shares on issue at a very low price which is bridging funding, bt it wipes off decent chunks off the upside
3. AKK has bene free carried and yet reveneu is insignificant, so reliant on debt changes risk /return profile

i really see alot of risk with thes business. these kind of compnaies struggle to get to a position where they have enough positive cash flow to organically grow, and if thye do get there , its hard to stay there, and shares on issue have blown out so much the SH dont see any returns

the risks is skewed on SH who continually fund business the cost more ti run tehan they generate. They always seem to be 6-18 months away from being self funding

please dont atack me, simply pointing iut how i see these bsuinesses