Auto I think surprise capital raisings are always bad but here it was obvious they were nearly out of cash. Todays news suggests that can place the stock without resorting to asking shareholders for it, so I'd say it a small positive. Of course, it depends on the details. A large placing to sophs at a big discount would be the worst case!
Where the stock trades will of course depend on whats in the price. I would have thought that the market is efficient enough to expect some sort of raising. My wishful thinking is that the price has been held back for that reason. Who knows though.
For me personally, AKK is just an option on a string of successes at some point. A capital raising extends that option taking away the risk of distress for hopefully at least a year.
AKK Price at posting:
1.3¢ Sentiment: Buy Disclosure: Not Held
