An AKW CR for $3m to pay existing debt of $0.9m for settlement to Dr Nair, payment for the new option fee to Wild Side and Westover and for working capital
There you go, the answer for the tiny bot driven pump to SP recently from 0.01 to 0.04, to get VWAP up for CR at 0.02
Still does not answer my question of how many, if any, they currently hold in GGP, my gut feel here is they have been the main cause for the initial sell-off which precipitated a slow steady decline, they were probably hoping for an earlier release of news for PB like all of us, but the way the market has panned out together with the delay on the start date for PB and also Fausse Point I believe has resulted in AKW then needing to sell down their remaining stock at the lower SP.
The good news in this regard is because AKW are taking on a new project you would believe they have divested all their remaining GGP by now which gives us the green light at long last to move upward as news starts to flow.
Been nice knowing you AKW, after all you are the reason we have a great producing asset in the Permian Basin, but having said that it's now even nicer to see the end of you, it was a good buy and goodby
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