Actually, it went up 34% before the meeting. Trading paused prior to the meeting starting.
AKP was valued at around $1B a while ago and has slipped to a quarter of that value. To go up 34% is just a punt that the demo potentially changing the value of the company in a meaningful way. Shame about the pause. I was looking forward to see what happens when those last 3 lines of sell orders were taken out.
Yes the SP could fall back down. But, the demo today brought clarity to the potential of AKP technology and how close it could be to being commercialised. If you look back to when AKP was valued at $1B, a lot has changed and in a very positive way. Danny addressed the question marks about EM and highlighted that moving from 6 to 8 inch wafers doubles to production capacity. EM has access to 1 x 6" and 2 x 8" fabs. They have invested 10s of millions of dollars and are committed to supplying chips to AKP.
An EGM demo will surely give AKP a re-rate. This demo today may actually start that re-rate journey.
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