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AKK V AKKOA, page-3

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sharks37

8,720 Posts.

81

13/12/16

13:09

Post #: 21299516
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Originally posted by gassed ↑

Sharks. At the risk of further boring people, I do owe you a reply.
Yes, on 6 December I did say that I had bought into both the heads and the oppies. That was on 6 Dec when I was following the surge in volume which I always use as a guide, and which I had previously stated in this forum. I bought both, but, when the ann was made on 9 Dec, I saw the volumes drop off and decided that the "run" was over and that the heads looked vulnerable while the oppies were trading at .002. So, I sold the heads for the cost of two brokerage fees and put the proceeds all into the oppies as I saw them @ .002 with a redemption still nearly 3 years away as being a "less risky" place to be.
I don't think that I have to report every time that I transact (that's why reading "old" posts is fraught with danger- the "resurrection" mistake), especially when there is no separate forum for heads and oppies. I still "held" but, the market had not responded too well to the acquisition and I find "sentiment" to be ambiguous as I would state "buy" but, I wouldn't be talking about the heads, so, now I say "none" when I really mean buy oppies..
Management has very clearly stated their plan and intentions and they are there for all to see and will definitely be there to be judged according to THEIR performance.
I like what they said about that 12 month review of where they were back in 2015 and am prepared to watch and see what they now do, but, holding back from getting into the heads unless my lower bids are triggered. I definitely still hold AKKOAs, until.... But, I really don't like the way this forum has headed!!!!!
The AKK V AKKOA topic should be discussed.

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gassed, thanks for the explanation and your rationale.

Cheers, Sharks.

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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