OAK (ASX) SP Up!! Announcement Imminent!!

Originally posted by MSIMaker ↑

Sorry I have had some friends down and staying with us so I missed some of this and wanted to weigh in on few things.

1. The Ann we expected didn't arrive on Friday. Yep not great form but I will stick by my prediction that they said "porting expected to be completed by 31st March". The fact they didn't release an Ann to great fanfare does not mean it didn't happen and we may expect an Ann Monday morning. Let's hope so because there is certainly some reputation at stake. The CN and failed directors pay rise should come to light.

2. If we don't get an Ann on Monday, I suspect this is for one reason only. Many shareholders have contacted the company for the last year telling them to stop announcing crap and fluff. I have done it many times because it adds no value and it looks like the boy who cried wolf. Jesus, At one stage I expected an announcement telling us they had hired a new janitor. This was made clear at the AGM and I believe the company has taken that feedback on board. So they may announce as news come to hand instead of trying to appease the HC and SH commentary.

3. There is no way that they would put numerous employee's into the labs in Taiwan to work on the port unless they had a viable reason and an expectation of success. No one does that. The good Doctor is holding a production line up to port ADRC, that says volumes to me. Who holds up a line that can produce 100 million chips to get ADRC involved at the fab level. Weeks to come of extremely high level user acceptance testing (UAT) followed by production outfitting.

3a. They also have to refit the xped app...version 1.0o does SFA and that integration is going to take time. I do not expect they have had time to even think about it.....but they should. There are far better apps out there already. Gideon and Yonomi are killing it.

4. Again I will come back to "sentiment". They really have to deliver something that the market can digest and turn into something worth buying into....this sentiment has to be there or we will go nowhere. It is as simple as that. Revenue outstanding there is a very big gap in consumer/market confidence to breach and that part is the hard part for the SP.

5. I do not believe that the porting news will be the SP breakout. Sorry but its like WGL announcing a new version of their VPN...ho hum. I believe that XPE getting the port done and the chip count relayed to the market may be a re-rate. They have to show the market some real confidence and back it up with a quarterly that has the numbers in order to break out of the cycle they are in.

6. So many irons in the fire and not one white hot? This is the thing they need to get away from. Concentrate on the port and the chip fab and let the rest lie down and report them at the half yearly.

Les hope Monday produces the goods.....if not look above and take some solace.

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"So they may announce as news come to hand instead of trying to appease the HC and SH commentary"

Who's suggesting that they should be announcing 'to appease the HC and SH commentary'? I'm certainly not and I can't see anyone else doing it!

What the should, rather, be doing is announcing results or providing updates in accordance with THEIR OWN stated and flagged timelines!

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