Thanks Dabru... All the best for 2023 to you and everyone else here.
Hope you all enjoyed a good Christmas break and for those that had to work through Christmas - Thank you for supporting our Economy while we were recharging
It's always a pleasure on this forum and thanks to all of you who contribute to help others, share information and also give a balanced view of Archer as a stock. I really wish every here all the best for 2023!
I though 2022 was a phenomenal year progress wise at Archer and really looking forward to what's in store this year and continuing the progress towards commercialization! I think it's important for those of us here Investing in Archers future and those supporting the company holding shares whether it be long or for a short time acknowledge the achievements that have been made over the last year and the good financial position the company is in well into the next year or two ( at current cash burn rates)
Here's hoping the crew at Archer enjoyed their well deserved break, are recharged ... and firing on all cylinders for another year of solid progress!
Had a quick look at AusPat to monitor changes or new applications and yep ... another Patent Application relating to the Bio Chip has been lodged
As an emerging semiconductor company the growing Patents are important to give the company legal protection on their IP etc so it really is good to see more Applications being lodged - this is of course another indicator for investors like me showing progress is being made aside from announcements.
From Mohammad's Newsletter just before Christmas .....
"I am confident about our ability to execute on our plans moving forward. Our progress to date – the devices we are building and the patents we’ve generated – testify to this.
We saw 2022 as a year in which Archer Materials’ work would prime it ultimately to become a global semiconductor company. This vision is very simple but it is also very powerful and I believe that there are investors and other observers who appreciate the focus and quality that Archer brings to this goal.
I would like to thank our shareholders for their continued support. Nearly every step forward is a step into the unknown. But ultimately progress only comes by taking those steps.
I wish you all a wonderful 2022 and I look forward to an exciting 2023."
I have alot of confidence in the team to develop something special here. It is risky yes and many headwinds will blow, but I'll back them because I feel the impossible has been made possible and the rest is Engineering! Some brilliant minds working at Archer ... all they need is our support to make this happen. Many great ideas and inventions have left our shores and picked up by overseas companies due to lack of investment and support here. Australia I feel needs to lift it's game in this area as we cannot forever rely on resources and mining to prop us up. There is huge potential in what Archer is doing that can really benefit our economy and something we can export to the world and I do feel confident they can do this.
Wishing everyone all the best in 2023.
Cheers
Tonza
P.S. Here's something I recently read on the ASIC website and it's entirely possible there are more eyes on Archer now than before.
Really is hard to believe there are some out there who don't understand algorithms can be used for more than just trading - they can detect illegal trading activity across multiple accounts... anyway.. was a article I was told about that showed that Market Integrity is important for all of us and the importance to adhere to proper trading activity and never think you can get away with illegal activity.
Hot Copper is a excellent Stock Forum but this is an example of why you shouldn't believe everything said and to make up your own mind.
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22-133MR ********** pleads guilty to market manipulation
On 6 June 2022, Mr ******** (known online as ‘*******’) pleaded guilty to 23 charges of manipulation of listed stocks on the Australian Securities Exchange and 19 charges of illegal dissemination of information relating to the manipulation.
Between September 2014 to July 2015, Mr ******** used 13 different share trading accounts, held in the names of friends and relatives, to manipulate the share price of 20 different listed stocks. Mr ******** manipulated the market, contrary to s1041B of the Corporations Act, by:
• trading between the accounts he controlled (wash trading);
• using fake, ‘prop’, or ‘dummy’ bids to falsely increase the perceived demand, and ultimate price, for listed stocks
Mr ******** guilty plea to charges under s1041D of the Corporations Act were in relation to his online posts on HotCopper in which he illegally disseminated information about his wash trades and dummy bids. He was seeking to increase (or pump) the share price, then selling (or dumping) the listed stocks at a higher price. This is often referred to as ‘pump and dump’.
In one HotCopper post, Mr ******** stated “dummy bids are all part of the fun and games and cat and mouse of the stockmarket!". This is the first time a person has been convicted of charges under s1041D of the Corporations Act.
ASIC has previously warned about social media led ‘pump and dump’ campaigns. ASIC continues to act against this form of market manipulation that threatens the integrity of markets. Posting on social media to coordinate ‘pump and dump’ activity in listed stocks is an offence under the Corporations Act.
This matter has been adjourned part-heard to 29 July 2022 for a mention hearing.
The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from ASIC.
BACKGROUND
Mr ******** faces a maximum penalty for each charge of 10 years' imprisonment or a fine of up to $765,000, or both. In March 2019, the maximum penalty for these offences was increased to 15 years imprisonment.
ASIC has noted a concerning trend of social media posts being used to coordinate ‘pump and dump’ activity in listed stocks, which may amount to market manipulation in breach of the Corporations Act.
‘Pump and dump’ activity occurs when a person buys shares in a company and starts an organised program to seek to increase (or ‘pump’) the share price. They do this by using social media and online forums to create a sense of excitement in a stock or spread false news about the company’s prospects. They then sell (or ‘dump’) their shares and take a profit, and other shareholders suffer as the share price falls.
ASIC has recently observed blatant attempts to pump share prices, using posts on social media to announce a target stock, a designated time to buy and a target price or percentage gain to be reached before dumping the shares. In some cases, posts on social media forums may mislead subscribers by suggesting the activity is legal.
ASIC expects participants to promptly submit suspicious activity reports where they see this type of pump and dump activity. Investors and consumers are also encouraged to report misconduct to ASIC.
EDITORS NOTE
The matter was adjourned to 2 December 2022.
EDITORS NOTE 2
On 2 December 2022, the sentencing hearing was heard. Judgment has been reserved.
(20min delay)