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Ann: Preliminary Final Report, page-8

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Grapire

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28/02/23

12:11

Post #: 66509188
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Originally posted by No_8: ↑

Read from this what you want. IMHO it is implicit that demos will be provided to shareholders soon after these chips are delivered in April. The first opportunity for such a demo to shareholders will surely be the AGM?

Given this as well as the rather massive investment EarthMountain has made over the period in their facilities, tools, fabrication and test capabilities, equipment and personnel, management is increasingly convinced that the stated objectives of achieving mass production, and commencing sales and marketing phases can begin sometime in Q3 of this year. EarthMountain’s current forecast is that it will be able to commence delivery of chips incorporating MEMS GEN II sometime in April 2023, enabling the company to commence customer and shareholder demonstrations shortly thereafter.

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yeah, classic AKP… i agree that is what they are implying

but they have implied a demo is close for the a decade or so, so forgive my scepticism

also, they have explicitly stated that if EM don’t come through with the funds by the end of March 2023 (you know the funds they said were due in Aug/sept 2022) then they will have exhausted their working capital

AKP Price at posting: $7.80 Sentiment: Sell Disclosure: Held
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0 Great analysis

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