I absolutely agree regarding shonkiness, but I have my own beliefs and predictions regarding AKP:
- I believe Earth Mountain has made a significant pivot from 4k video production to wafer fabrication (lol!)
- I believe EM is connected to associates of AKP (if it exists as a legitimate entity at all)
- I believe AKP will continue to over-promise and under-deliver on business commitments
- I believe AKP will further delay the demonstration of MEMS product
- I believe holders will continue to look forward to significant revenues that will never eventuate
- I believe the BOD will continue to collect a paycheck
Belief is never a great investing thesis.
DYOR. I did and it was eye-opening. Sentiment changed to sell.
Weirdest Stock on the ASX., page-217
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