RE:RE:Akita Drilling Ltd. Price Target Raised to C$3.75/Share This target is probably based on Akita getting a similar valuation to its peers, which is not going to happen as long as long as this dual share structure exists The Southern family controls basically 100% with less than 20% equity worth a mind boggling $10 million. Chump change for them. This raises the question. Is there an alterior motive for them to keep this control? Below is a link to a story about an underhanded arrangement made by ATCO a few years ago to pass on overpayments made to indigenous contractors with their regulated electric business. I'll let everyone decide what they think given Akita has joint ventures with indigenous groups. I also believe Akita was at one time a division within ATCO.
https://www.google.com/amp/s/www.cbc.ca/amp/1.6422427