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There's those meaningless words again "information indicates"...

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Shortblack

695 Posts.

451

11/06/24

13:37

Post #: 74258968
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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.

Expand

There's those meaningless words again "information indicates" and "within the near future".

The March Quarterly report states that they were trying to secure short-term funding to get them through the next quarter - this June quarter - until it is in a position to demonstrate the MEMS GEN-II Chip - meaning they wanted you to believe the demonstration was anticipated by end of June.
The necessary timeframe has just about expired.

They burn through $1.4mil per quarter, so to "scratch together" funding for a few quarters, you're talking about $3 - $5mil.
If they had "scratched together" this kind of money they would have announced it. Fred might be tipping in some loose change to keep the lights on this quarter but there is no funding.

If the company manages to drag it's dying carcass through another couple of months and eventually demonstrates a working chip at a shareholder meeting, it will still not be allowed to announce a capital raising and it won't be relisted simply because of a demonstration. Things just don't work the way you are imagining.
Their half yearly accounts (30 June) won't be signed off by auditors because their position now is worse than it was in December.
Bullshit and promises will only take a business so far. It's utterly extraordinary that they've managed to take it this far.
Walls & ladders ...... yeah they only work for a certain period of time as well.

PET has been, and still is, under investigation by ASX, ASIC and AFP. It's quite probable that charges will be laid.
And you're puzzled why my commentary is negative LOL.
It can't go on forever and most of it will eventually come out into the sunlight. It will eventually all come out with AKP as well. Watch.

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