Post by
lifeisgood1010 on Feb 21, 2024 8:57am
Income tax assets greater than the value of the SP
To go back to yesterday's post on Akita being shielded on tax payment until at least 2031
in the USA
Look at their latest quarterly report.
After 9 months in 2023, Akita earned 19.6 million$ and they paid only $300,000
Why would any investor want to sell their shares at these crazy low price is a conundrum to me.
These price discrepency do happen on tiny small unfollowed company.
Akita falls in that category.
Will the stock go up in the next few days/week? i doubt it very much
Will the stock double or triple in the next 12 to 24 months? i am very confidend in that.
At first,the Extreme Drilling acquisition looked like a bad one for Akita.now it's all the reverse.
Extreme rigs are very active in the Permian and they are very profitable.
I was told by IR that 10 of their 15 rigs are curently working in the USA and that they are aiming for 13 of them to be working in Q3 and Q4