AKP 0.00% $6.20 audio pixels holdings limited

I think it is worth asking the company directly where these EM...

  1. 2,514 Posts.
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    I think it is worth asking the company directly where these EM owned patents fit in AKP's purview. I raised such questions prior to the AGM and I believe the responses in their address were in some part their response to my concerns.
    My point is that they either do reflect a threat to the company's control of essential IP or they do not.
    And if they do not then they should be seen in a good light, not as a threat but as positive progress.
    But I would still like to better understand how and why these patent developments are not a threat.

    That said I reiterate for others here what was actually said by Danny Lewin at our recent AGM on this very subject. I find this encouraging.

    "... The aforementioned activities required and continue to require substantial investment by EarthMountain, estimated in the many of millions of dollars. I am aware of at least some of the yarn spun on various social media platforms offering dubious tales concocted behind the veil of anonymity. So let me be factual and definitive:

    1. There is little “daylight” between AudioPixels and EarthMountain. We are confident in our relationship and enjoy very close collaboration and cooperation on all material technical and business matters.

    2. All, and I emphasize ALL - intellectual property whether patented or otherwise, pertaining to our revolutionary digital sound reconstruction platform and its implementation, was developed by and is the exclusive property of Audio Pixels. To the very best knowledge, there is no other party in the world including EarthMountain, that might have any legitimate claim, to any aspect of our technology.

    3. While the specific terms of any third-party agreement must be kept in confidence, Management considers the very existence of such an agreement to be “material information”, and as such, promptly informs the market of its existence and its material content. If management has not informed the market of an agreement, whether involving intellectual property, fabrication, sales, marketing, distribution or otherwise, then rest assured that such an agreement does not exist.

    4. We have and continue to update the market, with the best information available, including as it pertains to the $3m dollar placement that was commited by EarthMountain in our prior financing round. As has been informed EarthMountain has so far been unable to settle its commitment apparently due to tighter and far more stringent controls exercised by the authorities responsible for regulating and approving foreign equity investments by Chinese companies. EarthMountain continues to repeatedly advise of their unwavering commitment to making investment in AKP, and are in the process of resubmitting their application to the authorities in the hope of ataining the necessary approvals.

    It has been said that the natural tendency of humankind is to express skepticism and doubt about all things good, while immediately believe that all bad things are factual and true. The reality is that management is occupied 24 x 7 trying to invent and capitalize on what I hope you too will soon agree, is a truly a groundbreaking revolution in sound. I ask your indulgence to apply equal measures of skepticism when assessing information that doesn't originate directly from the company - as we have neither the time nor bandwidth to deal with the tall tales spread on social media. ..."

    The SP has fallen somewhat, and continues to fall, in reflection of some doubt about the uncertainty of the receipt of working and approved chips and the delays in their anticipated delivery. That is I expect entirely inevitable. Any delay saps shareholder confidence when the probability of a good outcome is corroded by such delays.

    In such a climate I would not be at all surprised in the slightest if many of these trades are occurring between parties who are playing the SP down in order to shake the confidence of other doubtful holders. I suspect that many shares will have been traded back and forth many times by those who pay nothing to do so. The last trade of the day sets a point on the SP graph, and that is what many go by. That is truly a case here of the tail wagging the dog. The volumes traded are truly miniscule. This situation reeks of a ploy by those who believe that time is moving quickly (albeit seemingly glacially slowly!) towards an inevitable resolution in the announcement of a fully functional, fully approved, and fully saleable product in the very near future. For every share sold there is a share bought. Think about it. GLTAH. DYOR.

 
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