Earth Mountain -Patents that will make AKP great again, page-111

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Shortblack

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30/08/24

19:03

Post #: 75463559
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Originally posted by CLuke: ↑

"there is little transparency and a severe lack of disclosure" - I agree. Many agree. Even BobF would agree with this, I think. He can correct me.

The attitude and treatment of shareholders is abysmal. I'm told Fred is not exactly a people person, to put it politely. My conclusion is the controlling shareholding doesn't care about the public shareholders or the share price. The principal reason to care would be if you want to issue shares and raise further capital that way. The consensus seems to be that the necessary capital is intended to come privately. At least in the short term. Otherwise, why would you tank your stock and practically invite the ASX to suspend trading? I think they expect all will be forgiven based on what the product demonstration says about company value. We will all find out at the AGM. Perhaps it will all be step-advancements and future promises.

The thing is, this company is high risk - high return. The value of the company isn't in it's P&L, it's not in its existing IP, it's not in it's dividend, excellent management, love for its shareholders, or it's balance sheet. The value is in a possible future: Can it produce the MEMs technology? Can it beat the competition? and Can it protect the resulting IP? The rest is interesting noise. I personally don't think Fred intends to run this company, he intends to sell it; at the right moment; and I'm fine with that. IMHO DYOR

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I understand what your sentiment is, and if they can come up with a working chip selling the company is the best option.

However 2 things.
"The principal reason to care would be if you want to issue shares and raise further capital that way." No, there are actually legal obligations on the members of the board and office holders to disclose all pertinent information to shareholders, whether you care about them or not. Even if the board gives no care for shareholders, the Corporations Act is there to protect their rights.

"why would you tank your stock and practically invite the ASX to suspend trading?" None of this was within the company's control. They were unable to raise funds to guarantee ongoing solvency. It showed there was little support for their project.

They are not in control of what is happening.

AKP Price at posting: $6.20 Sentiment: None Disclosure: Not Held
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