This is pretty bad. The fund managers must be queuing up to participate in the 31c capital raising. Not.
Now we have overhead resistance at 28c so it will take some pretty good news to get it back over 30c.
As far as the end of financial year goes, the ATO shifted the goalposts earlier this year to outlaw "wash" sales. You cannot claim the capital loss if you buy back the same shares. So anyone selling AKK today, can't buy them back tomorrow (or in the near term) just to gain a tax advantage.
AKK Price at posting:
0.0¢ Sentiment: None Disclosure: Held