I've been holding theses shares since well before Hotcopper was conceived. Many people, management included, have been lamenting the fact that the value assigned to AKK is well below where it is ought to be. The market is assigning the value based on the perception of many, not on the expressed hope of management and over zealous punters. Today's announcement just confirmed the cynical view that the wisdom of the many/the market has taken and the implicit value it has assigned to AKK shares driven by the - let's face it - deceitful behaviour of the management. Last week's announcement appeared to reassure investors that there would be no dilution/no capital raising, but that debt will b sought. So, what do they announce today? And it is not the first time this management and the management before it has acted this way.
AKK Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held