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Ann: Validation of the SPL of the Gen-II MEMS transducer, page-214

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the buck

172 Posts.

58

25/08/24

14:51

Post #: 75362660
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Originally posted by Shortblack: ↑

"AKP dropping $500k / month on manufacturing development " LOL you must be tripping. Where did you pull this figure from ?

AKP has spent sweet fa on manufacturing development.

Here's a summary of the last 4 cashflow reports -

Total cash spent $5.6mil

Spent in Aust $2.1mil - $700k admin/corp; $600k interest; $456 directors fees; $360 wages

Spent in Israel $3.5mil - $2.3mil wages; $1.2mil admin/corp & paying down trade creditors. (Will be interesting to see the payables balance as at 30 June).

It's costs $500k per month just to keep the company afloat.

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“AKP has spent sweet fa on manufacturing development.”

and there in lies the genius of the relationship with EM….like it or not SB it’s far from a done deal but it’s closer than its ever been..

AKP Price at posting: $6.20 Sentiment: Hold Disclosure: Held
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