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" hopefully this will soon be academic "No. You've done...

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Plooto

2,848 Posts.

520

07/07/24

20:23

Post #: 74645226
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Originally posted by uncle joe: ↑

I'm sorry Bob, but you appear to have one too many zeros on your chip numbers there. Not that it matters, but the 400,000 chips is actually 40,000 as per the Half Yearly Accounts dated 31 August 2023. "The receipt of the 40,000 pre-production chips to specification from Earth Mountain in September 2023 to enable testing and subsequent demonstration of the product; "

I believe that the 9,600,000 chips is also just 1,000,000 chips, but I can't seem to find the reference. Maybe we just inferred this number. It was US$9,600,000 to be raised for these chips and somewhere along the line there was an inference that it would cost about US$10 per chip. "The ability of the Company to secure additional capital by November 2023 to fund working capital requirements and fund the production ramp up, including payment of the USD$9,600,000 purchase order for Earth Mountain, with payment to be made on a progressive basis commencing in December 2023."

Anyway, hopefully soon this will all be academic.

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" hopefully this will soon be academic "
No. You've done your dosh here.
Bob F seems to be the sort of bloke who will get a class action going though.
So what's another few years hanging in there eh?
pffft..

Last edited by Plooto: 07/07/24

AKP Price at posting: $6.20 Sentiment: Sell Disclosure: Not Held
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