AKK 0.00% 0.3¢ austin exploration limited

what can akk achieve in two months?, page-10

  1. 22,076 Posts.
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    DirtKicker!! "Manipulate management to change the rules of the game"!!!!
    And, "self interest"??

    The practice of extending option redemption dates is not "against the rules of the game", it is used whenever circumstances necessitate such action.
    AKK has gone through the exact same depressed market conditions than that of the example that I used, BUT, most importantly, management itself caused a huge drop in value by issuing FREE options as incentives to themselves and carrots for the CR, all for the benefit of management and the company. BUT, to the huge detriment of the existing option holders who had made decisions to buy options BEFORE management destroyed their value with their crazy decisions.

    And as for "self interest", yes, it would be "self interest" FOR THE COMPANY, because if these options are allowed to lapse in July 2013, they will have thrown away over $50 million in conversions.

    So, it is a "moral obligation" for management to extend the date, to right the wrong that THEY created and to ensure that they do not throw away that $50 million from which ALL shareholders will benefit.

    It is in everybody's interests to ensure that the option date is extended and for them to be ultimately converted.

    Where else can they get $50 million with their SP @.022????

    Your last chance to let management know your views. If you don't, you only have yourself to blame.
 
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Currently unlisted public company.

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