Ann: Continued Suspension from Quotation, page-289

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beaches811

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13/06/24

23:04

Post #: 74306810
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Originally posted by CLuke: ↑

Currently nobody can trade AKP. Whether this is a good thing for an individual depends on their outlook and what they want to do with respect to the shares. From a holistic point of view, the whole idea of being listed is that shares can be traded. If they can't, at the very least that is sub-optimal. Opinions obviously differ between whether this is a sign of the four horsemen of the apocalypse or a simple continuation of what has undeniably been a slow grinding development with endless setbacks, and eventual success. AP has given good reason to think either of these might be true IMHO.

It seems to me, the most optimistic possible, yet realistic, view can be that the suspension will not be lifted unless and until the following sequence of events plays out in this order: 1) A viable chip (that meets all specifications) comes out of a fab; 2) Private investors agree to inject enough capital on this news to make AP a "going concern" again; 3) An auditors report is produced that expresses confidence in the books and that the company is a going concern again; 4) the ASX accepts the report and lifts the suspension. Incidental to these events an AGM will almost certainly be announced.

Until the chip comes, none of us can do anything and what we think is not really of much consequence. Until the chip comes, based on the past lack of transparency, I would predict AP will be a virtual black box and no useful information is going to come out. For what it's worth, I am dubious that the re-run of the 6" fab was started by the end of May, otherwise we would have been told. The 6-8 week (presumably optimistic) time frame from AP likely hasn't even started running yet.

GL all.

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Their refusal to raise funds from shareholders is a major red flag as far as I am concerned.

AKP Price at posting: $6.20 Sentiment: None Disclosure: Held
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0 Great analysis

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