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21/12/22
15:57
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Originally posted by tomtom:
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A substantial problemthat I see, reading the many postings on AKP, is that most contributors to HC on this company are neither physicists or engineers. To gain operspective , this is an invention that has never been done before. The hurdles have been much higher than anticipated and the complexities have ,and are, taking much longer to overcome. And they have been numerous. They are now at the pointy end . Objectively and rationally they are continuing to go through the concluding tuning stages. The fact that a major backed Chinese group has built a fab just for this application is the most telling aspect of the chip's potential;. Maagement is both conservative and rational and,quite rightly, are impervious to pressure and will not present the finished article until it is actually finished. Sure, everyone is frustrated. But when (not if) it works at the expected level, it will herald the start of a global revolution in sound production. Sound remains the sole remaining technology which is still analogue...everything else is digital, Sound is about to join the modern world. Compare it to the internal combustion engine replacing horses..... The cynics can say whatever they like. It makes no difference , particularly to Yuval, Danny etc...they are not engaged with anything but the proper and rational development of the product. And Fred has run this company on the smell of an oily rag, not coming to shareholders every so often--he has either placed shares with long term professionals or funded it himself . Only some 30m shares are on issue, of which, I suspect, over 80% are tightly held; when buyers look to enter, the free float will be less than 6m shares.....happy to wait and watch.
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I think the problem Tom is that they say things like 'once we receive the chips and have a LITTLE bit of time to test the demo systems we'll arrange a time to show shareholders our amazing technology' or something like that from Danny at the agm. then an announcement stating that headphones and demo systems are RAPIDLY approaching release... Then crickets for months on end. They leave the market wondering and guessing, and eventually assuming the worst. An update with a brief outline of issues would be better than silence.