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Hi Bob. In addition to the important steps of having a product...

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flight11

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11/06/24

11:56

Post #: 74256816
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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.

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Hi Bob. In addition to the important steps of having a product to demonstrate and finance to continue in business, I think there is one other hurdle to clear. This to have a set of accounts signed by the auditors to indicate AKP is a viable business. It seems to me this would be an essential step to convince ASX that trading in the company's shares should be allowed to recommence.

Although I now have only a small investment in AKP, I very much wish them great success.

AKP Price at posting: $6.20 Sentiment: Hold Disclosure: Held
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