Australia's largest stock trading and investment forum Australia's #1 stock forum

AKP

Click for more information

0.00%

$6.20 audio pixels holdings limited

Ann: Continued Suspension from Quotation, page-260

First 260 Last

Share
Profile

Follow
Stickshift

7,532 Posts.

1959

11/06/24

11:14

Post #: 74255727
Share

Originally posted by BobF: ↑

I reiterate my points from above:

"... The fab has spent considerable effort and resources optimizing the MEMS process flow parameters, as to adjust the parameters of earlier steps of fabrication, such [as] temperature, pressure, time, flow, etching and deposition rates, and others any of which were contributing factors to the stress and deformation of the wafers by the time they reached final fabrication stages. The latest information indicates that improvement has been achieved to reduce wafer deformation sufficiently to enable the vendor to complete the final fabrication steps and deliver initial wafers within the near future. ..."

"... The Company is [as at 30/4/24] in the process of securing additional short-term funding to meet its working capital requirements over the next quarter until it is in a position to demonstrate the MEMS GEN-II Chip. The timing of securing additional funds [i.e. via a capital raise] will also be subject to market conditions prevailing at the time and is expected to be coordinated with the demonstration of the MEMS GEN-II wafers and chips. ..."

So let's assume that the company has managed to scratch together sufficient funding to cover a few quarters of business so as to comply with that requirement.

Let's also just imagine that those other developments mentioned above prove to be true and correct, and that they take place as indicated and within the necessary timeframe to ensure that approved chips are ready to launch. I believe there certainly has been the requisite effort for that to occur.

What do you believe will happen if the company announces say in late June / early July that it intends to hold an AGM during say August, at which it will demonstrate its product and announce plans to do a cash raise to facilitate full commercialisation? Do you expect that the ASX is going to deny it permission to resume trading on the basis of that announcement? I don't doubt that that could be the case. But I would consider it to be unlikely.

Facts are often like brick walls. If you run into them it will hurt you every time. That is when you need to look around and find a ladder. It certainly looks to me that AKP has run into a number of walls. But it may also have been desperate enough to get to the other side that it has also found itself some ladders. So all I am saying is watch this space.

Naturally, as you point out, I have already put my dough into AKP, so I absolutely do have a vested interest, and I will indeed be very pleased to hear these announcements fulfilled, and very disappointed if I do not. But I am not greedy, and I try not to place my belief into unsupported enterprises.

However, as a non holder in either AKP or PET - the two stocks you appear to have commented on almost exclusively for several years now - and from your relentlessly negative commentary on both stocks I would assume that you would not be at all relieved nor even pleased to hear of a successful outcome for AKP. That leaves me entirely mystified as to your motives for all of the above. And that was why I had you on ignore until just recently.

Expand

Full commercialisation? lol

There is nothing to sell commercially.

AKP Price at posting: $6.20 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Emerald & Azure score Digger & Dealer awards

Appliances and furnishings impress - will Harvey Norman be next?

MOV

MOVE Logistics picks new interim CEO to take over operations from early September

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Bitcoin: Current State of Play & Where to Next | Swyftx

AWJ

Auric banks $6.3M in August with processing on-target for 300K in 2024

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

G88

Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results

There are more pages in this discussion • 190 more messages in this thread...

First 260 Last

Add AKP (ASX) to my watchlist