Here's the guts of it: "Audio Pixels (ASX: AKP) is a mysterious...

Here's the guts of it:

"Audio Pixels (ASX: AKP) is a mysterious stock. In July 2009 it was 14 cents and today is $16.10 – a gain over 11,000 per cent.
But it made no revenue this calendar year while spending $1.8 million on research and development costs.
It is not uncommon for stocks at the ‘research and development phase’ to be in such situations but it’s unusual for a company that is up by a percentage of five figures in 10 years.

Audio Pixels does not appear in immediate danger – it still has $8.6 million in bank balances and call deposits.
However, it has fallen 30 per cent from its all-time peak of $22 reached in January. To be fair, part of this could be its share balance of 28 million shares. But it has not been smooth sailing in recent times.
In May this author was a guest of Pitt Street Research’s inaugural Semiconductor Conference where Audio Pixels declared it was “the only game changing technology on the ASX”.
It produces audio speakers the size of semiconductor wafers, that can reproduce sound by moving membranes. Its speakers have higher bandwith, extra octaves, low visual distortion and consume less power than other speakers

The company wants to achieve production capability and then sell or license its products worldwide.
But this is some years away and it has not been a smooth process. In May it had to suspend acoustic testing due to a rare acoustic glitch.
Shares appear to have shrugged off its quarterly, rising 7 cents. However it has lost nearly 30 per cent since January’s all-time high."