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Ann: Preliminary Final Report, page-344

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Plooto

2,848 Posts.

520

29/03/23

19:11

Post #: 67029157
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Originally posted by BobF: ↑

At home here at the moment our house is filled with damned fruit flies, vinegar flies is another name for them. They are attracted from far away by the smell of ripening fruit. Unfortunately they carry yeasts and other tiny gobblers that rapidly spoil the fruit and turn the sugar to alcohol and then straight to vinegar. That smell brings more flies, and they bring more rot. I've been catching them in a jar with some overripe fruit peel in it. They come in their dozens to visit and feast and get a bit groggy too I suspect.

I am reminded of them when I read some of the stuff from the remaining fly-by-night posters on here that I have not yet put on ignore. But from people's responses to them I am very glad I have erected a fly-screen to keep them out!

Think about this. Our key manufacturing partner had expressed confidence that they were about to produce and deliver a commercial product that could be a game changer, and they wanted at least a piece of that rather than just a higher fee. That was part of the arrangement. When the Chinese authorities allow them to do so they will hand over the cash and get a parcel of shares. If EM's cash had come through on time nobody would have thought twice about it. But that delayed cash inflow was expected to ensure the production could proceed. In its absence the co would run short of capital.

So its largest investor and CEO, FB, throws more of his own personal cash in to ensure the company remains solvent. He wants to be paid interest at commercial rates for doing so. For his trouble he would also like the option to buy more of AKP's shares in the future at the current price, again in reflection of the fact that he could have invested that cash elsewhere. We all know that investments increase in value over time so he wants something that reflects what is more in line with his interests in AKP. What is wrong with that? Does that not fill SH with confidence that its CEO, Chairman and largest shareholder, whose family investment in the co is substantial, is happy to take money from somewhere else, where it is presumably earning either interest or increasing in value, and put it in 'his own' company? Does that not signal confidence?

[It is even possible that that somewhere else could have been from WBT, but I have no evidence of that, none whatsoever. just joining imaginary dots.]

Had all the recent announcements been all doom and gloom and delays I could possibly accept these posters' negative comments. But they have not been. They have all been positive and point to a near term denouement of the company's product, ready for sale. I chose not to use the word 'imminent', which those of us who have been her for a while will remember ruefully, but I certainly think it could be warranted.

DYOR and GLTAH!

Expand

Para 3 - your " key manufacturing partner" has no interest in you, nor any confidence.
You were told from the get go, they werent burning a penny on your nonsense.

para 4 - Your largest investor, and chairman keeps loaning money to an empty company. "Does that not fill SH with confidence?"
A particularly cynical analyst might just see the doctrine of separate legal entity being gamed.

Pare 4 - " just joining imaginary dots"..
My word that's unlike you, Bob.

Para 5 - " had all the recent anns been doom, gloom, and delays.."
They have been nothing but! What effin game have you been watching?

" DYOR and GLTAH"
mmm... indeed.

AKP Price at posting: $9.00 Sentiment: Sell Disclosure: Not Held
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