AKP 0.00% $6.20 audio pixels holdings limited

Ann: Convertible Note Funding, page-58

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  1. 1,360 Posts.
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    My guess's on dates for:
    • AKP's next Report and Audited Accounts imminent
    • Lifting of Suspension imminent
    • Demo and EGM immine

    The one thing that is for certain is that the report will include the following words:
    • Achievements during the reporting period were predominantly technical in nature, focused on advancing the Company’s proven Digital Sound Reconstruction technologies into a mass-produced commercial product.
    • As has been extensively reported, the company’s primary technical objectives and milestones are currently focused on the fabrication and characterization of MEMS GEN-II chips.
    • As has been previously described, a number of novel design elements have been incorporated into MEMS GENII chip design, that are forecast to provide substantially higher sound pressure (SPL or “loudness”) when compared to MEMS GEN-I.
    • As has been reported our pioneering SPL design elements introduced into the design of MEMS GEN-II required certain adjustments to the fabrication processes that have so far proven to be considerably more challenging than originally anticipated by the fabs.
    • Our vendor EarthMountain has and continues to spare no effort or expense working with the fabs to overcome these fabrication challenges and establish a reliable mass production process flow.
    • There is no update from Earth Mountain (Suzhou) Microelectronics Ltd. (EM) in relation to its commitment to take 308,325 ordinary shares at $14.000 per share ($4,316,550) as part of the placement announced 24 August 2022. As of the date of this report, EM has yet to receive an official notice from the required China regulatory authorities to approve EM’s foreign investment request to invest USD $3M in the Company.


 
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