Macquarie Bank took these guys public and then sold them short at the ipo last year. i doubt the akk boys admire that bank any longer or would consider even buying them a cup of coffee. the akk shares went from $1 to $.22 after Macquarie sold 10 million shares in one day. some bloke named barnes at the bank apparently does this type of thing with small companies all the time.
my girl in syndey tells me that almost all of the $500k you speak of was associated with the public listing on the asx. lawyers, auditors, regulators, paid board members, and that sort of thing. at least all that money stayed with us auasies! LOL
i'm staying with these guys. heard kenny on the adelaide radio this morning. sounds like a good fellow to me. just my opinion.
AKK Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
