Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-35

You are spot on caredes and also GA09. If you read the announcement there are a number of statements that state that functioning demo boards have been given to EM for demos to customers. The statements make it very clear that we are waiting only for regulatory approval of EM's stake in AKP now prior to holding an EGM and approving Fred's shares. This money from EM is required prior to Fred receiving his shares since he cannot fund them without paying for them from his existing loans. He will actually receive money back from the company as well as the shares. He can't do that until EM's money is in the bank. Otherwise AKP would be insolvent.

Most people have obviously not picked this up. Not a well worded announcement as usual, but the information is there if actually read. I'm sure that most people only looked as far as "is there a demo yet?"

In addition to all this, it states that EM wish to increase their position in AKP and they have been discussing ways in which they could do that.

Grab your shares while you can. Before the rest of the market catches on.