RAK Rakon

[Vaygor1]

they will say what ever they think the markets needs to hear so their lifestyle's are keep in place for as long as possible.
Don't feel sorry for the shareholders anymore as the writing has been clearly on the wall for a long time now.... invest at your own peril.

I totally agree. What a bunch of complete rogues. I must say RAK's behaviour actually disgusts me. I still have an ounce of sympathy for the shareholders who don't know about ShareTrader. There will be many in the dark.

No sympathy for ACC though…. what a useless bunch of Richard Craniums.

[SimonHouse]

Someone spiking the price for a month before a capital raise, perhaps?

[moimoi]

So who spent the $702 to pump the price to $0.26...................?

[Vaygor1]

Here isthe Chaiman's address at RAK's Annual Shareholders Meeting on 12-September-2014. It's unbelievable.
https://www.nzx.com/files/attachments/200458.pdf

The paragraph I love the most:
"Analysing the results more deeply, the reported Underlying EBITDA loss of $7.5 million included total restructuring costs of $10.4 million, which meant that the business operations produced a positive Underlying EBITDA of $2.9 million. Not a great result, but importantly a positive one."

So a EBITDA loss of $7.5 million is spun as a positive result. That is exactly the piffle I would expect from this dog of all dogs.

For those not in the know, piffle is the combination of piddle and waffle.

[Sideshow Bob]

For those not in the know, piffle is the combination of piddle and waffle.

Appreciate the technical clarification!!!!!

[warthog]

Did the hog miss something? From what you've quoted, it is being claimed that Rakon actually made a $2.9m profit if one was to strip out the (presumably) one-off restructuring costs. Is this incorrect?

The hog isn't defending Rakon's business model and/or governance here, but just wanting to get the logic straight.

[Vaygor1]

Seconded for sure. Who the hell would pump money into this dog? Exactly like NZO; only people benefitting are the Directors. Sad.

ST needs a minimum length of characters to allow a post to proceed hence the purpose of this very sentence. So....

Thirded.

[Sideshow Bob]

These guys are already in that space and a few more clues than RAK!

www.tracmap.com

[sommelier]

Okay, what's up? Is this just some ridiculous insider trading going on? Almost $100k through, mostly in the $3k-5k range. The only news is that one of the directors (Bryan Mogridge) has bought close to $90k worth in the last 12 days.

[RGR367]

Okay, what's up? Is this just some ridiculous insider trading going on? Almost $100k through, mostly in the $3k-5k range. The only news is that one of the directors (Bryan Mogridge) has bought close to $90k worth in the last 12 days.

Yeah, what else is making this Lazarus come to life again?