Income tax assets greater than the value of the SP The last time i wrote to IR, i was told that they were very frustrated with
the SP.I don't think it is costly to have this kind of write up.
So to speculate, i would say the IR person wants to shed light
on the obvious out of FRUSTRATION.
When reading it i though is it me that as writen that REPORT.It's exactly what i have
been saying for the last year.
What is not mentionned in the report is that Akita will initiate an NCIB.
But being very prudent and conservative company, they will
do so only after taken the LT debt to 50 million.
Only in the stock market do you see this phenomenon where when something is on sale,
people are scared and don't want to by thinking there must be something wrong with the
product(company).When you go at the super market and see a super sale on a product
do you say to yourself, there must be someting wrong with it?,no you buy it.
Well, Akita is on SUPER, SUPER SALE and the company as put it on the display window.
Unfortunatly, very few investors are walking on that street and seing this huge bargain banner.
The irony in this is there is very low interest(Volume) on Akita right now.When the stock will
start to appreciate and be north of $2.25, $2.50, $3.00 you will see huge increase in volume.
Take again my DRX example in 2021,2022 prior to the strory to be understood and know, there whereweeks were the stock would trade 5000 to 20,000 share(for the whole week.
Now, in the last 13
weeks, if you take all exchanges (not just the TSX), you get daily not weekly share traded between150,000 to 250,000.
I was writing on DRX board saying exacly the same thing as i am saying about Akita in 2021,2022
and investors didn't care, noticed or done their homework.
At $1.70, $2, $2.25, nobody cared.Today the story is out and we have buyers like never before.
It's always a matter of time.
In a year or so, beside me, nobody will remember my post on Akita just like all my post
on DRX.
That's the way it is.
Why do i do them?.I'm retired, and it's a hobby to share my point of view and exchange
ideas.
Nice weekend for the few you will read this post.
P.S.While very bullish on Akita's futur valuation, i don't expect it to be in the very near term.How long will Akita be on sale, i DON'T KNOW.In fact, i don't think anybody can answer that question.