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clock Created with Sketch. 11/07/17
18:15
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Originally posted by BobF
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This release is great news but is somewhat at variance with what we thought we knew following the AGM 6 weeks ago. wafers that will be delivered early in August, albeit finished wafers now made via this new process. This serendipitously discovered process, discussed by Danny Lewin at the AGM, provides some patentable developments that make the production process significantly better or more reliable in some way. This is new breakthrough science, and will presumably provide significant advantages to AP over any future competitors. The release also says the new process took "longer than expected" to finalise, but it has now been reduced to reliable a process step. This is all excellent news.finished wafers were being delivered to Israel even while Danny was in Oz. AP said they had been provided with a batch of completed wafers at the time of the AGM , and that AP was "certain" that the finished wafers provided at that time would pass all the testing, and would "imminently" get turned into demonstrable chips. The fact that we have not been told what happened to these wafers and the finished integrated chips is of concern. Even if the production yield had been low, if the wafers were or were not functional, we should have been told that by now. Were they OK? Did they perform as expected? Did step 499 interfere in any way with earlier steps? We still do not really know. beyond the early/mid August as stated.
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The cynic in me is wondering whether AKP suspects the chip won't be demonstrable before they need to raise cash just to cover their operating expenses (which won't be long judging from their cash burn/cash position) and so is releasing these cryptically-worded, feel-good announcements just to prevent the share price tanking before a capital raise.
(20min delay)