Surry they are saying oil and gas revenue to the year to June 2014 is forecast at $19m when revenue for the 9 months to March was $1.1m. Those numbers obviously drive their ingenious DCF valuations.
I can't believe AKK is involved with these guys. Why did AKK release the report? Why are they called Independent if AKK in control of what they write? Why are the numbers made up?
Assuming AKK management is completely delusional and believes revenue will be achieved before they even start production and therefore the stocks could be worth 19 cents, why did they just sell as much as they could at 1 cent?
Why are they selling stock at a cent and promoting ridiculous research reports when they just struck oil and are waiting to report flow rates that should drive the stock?
What is going on here?
AKK Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
