Groundhog day. Again.Sept 2022: Paid EM $600k for fully packaged...

Groundhog day. Again.

Sept 2022: Paid EM $600k for fully packaged pre-production chips, after satisfactory testing being done.

April 2023: Measurements taken from the gen 11 chips were further validated using new the installed equipment as well as third party testing.

On and on it goes.

The only new real information in this announcement is that you can forget any expectation you might have grabbed hold of from the last announcement regarding the plan for an AGM to be held at the end of Sept or early Oct. Not happening now.

So why the announcement ?
To boost the hopes of shareholders ? Why not, just look at them go ! Changes nothing though. Still no chips. Still broke.

More likely it's to boost the hopes of noteholders and try to convince them not to put the company into liquidation at the end of next month.
Hey keep it up they might even chuck in more cash ! It's the only hope left because the company is in no position to issue any shares to anyone.