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Ann: Response to ASX Query Letter, page-37

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hanshenlo99

45 Posts.

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14/02/24

00:12

Post #: 72392278
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Originally posted by leec: ↑

EM have been working with AKP since 2018 (well before the announced MOU).

EM have invested many millions in developing / qualifying the tech so it can enter into volume production.

EM have invested further by obtaining tens of patents to protect its IP in China.

I agree the lack of market disclosure is a joke and ultimately leads to the sp being hammered. Sadly Fred doesn't care about the share price or holders as he basically controls / owns the company.

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If EM had invested the package equipment, why dont they just package the working wafer fromTower and show the demo chip?

The only reason is EM had no ability to package MENS. They had no capital, even dont fullfil their $13 commitment. EM is a trading company only and ready to take APs IP.

Last edited by hanshenlo99: 14/02/24

AKP Price at posting: $6.73 Sentiment: Sell Disclosure: Held
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