AKP - Audio Pixels Holdings

[Knobby22]

Since the last post AKP has gone from $11.30 to $24.75 quite quickly. AKP is taking a long time to develop their MEMS chip and their lack of progress has seen their price drift lower to $16.

Puzzle: For those technically inclined and like a challenge.
Please read and enjoy the latest (Half yearly report 29/8/19) Directors Review of Operations describing the progress or lack of it in the development of their MEMS wafer. It is truly a literary masterpiece of creativity.
https://www.asx.com.au/asxpdf/20190829/pdf/4480g6dpsm87yb.pdf

I love the word transducer. Helped win a big job using that word.

 

[sptrawler]

Puzzle: For those technically inclined and like a challenge.
Please read and enjoy the latest (Half yearly report 29/8/19) Directors Review of Operations describing the progress or lack of it in the development of their MEMS wafer. It is truly a literary masterpiece of creativity.
https://www.asx.com.au/asxpdf/20190829/pdf/4480g6dpsm87yb.pdf

Yes that was classic peter.
What it sounded to me like was:
We have finally managed to manufacture two speaker/driver modules the same, however it hasn't got the volume we wanted, so we are going to lower our volume target to meet the speaker output. So in summation, we may have a product to sell, if people like it.

 

[Country Lad]

I started this thread way back in June 2011 when I thought that it was a spekky with some potential if they get their MEMS to work. Over the ensuing years their announcements were always a case of nearly getting there and just needs a bit of tweaking.

I got a bit sick of this and sold, fortunately at a good profit because their releases were just like a broken record.

I just noticed that the price has dropped after their latest announcement so curiosity got the better of me and yes, of course, it said their MEMS just needed a bit more tweaking.

This has to be a classic case study in how a spekky with absolutely no progress with their product development can hold their share price in the stratosphere while continuing with the déjà vu statement over and over again.

 

[Country Lad]

...........their releases were just like a broken record..............
This has to be a classic case study in how a spekky with absolutely no progress with their product development can hold their share price in the stratosphere while continuing with the déjà vu statement over and over again.

And again, another of those announcements saying that yet another lot of tweaked wafers have been received and the price goes up 30%. This has been going on for about 10 years now and apparently no closer to a product.

 

[peter2]

Another two years on and there's still enough "sophisticated" investors left to raise another 6.8Mill at 17.32 (24/7/20) to continue development of AKP digital sound wafers.

Actually the chart looks quite bullish currently. Price rallied off the COVID low quickly and has been trading in a $5 range (18 - 23). Price looks like it's coiling to go higher.

OK I'll admit that I've bought a small position in my small cap portfolio.

 

[willoneau]

Hi Peter,
is the red dotted line your ISL ? just wondering as I would have thought the test bar with high volume three days earlier with the spike below the box the ideal spot . Or is that were you think stop chasing would occur?

 

[peter2]

Whoops, should I clean my charts before posting?
The volatility indicator I use is the Supertrend and the orange line represents the daily chart and the red line indicates the weekly trigger.

My iSL's for positions based on weekly charts and spec stocks are much wider than short term trades using daily charts. This stop could be called a disaster exit and I'm likely to sell earlier if there's significant selling.

The MD on AKP is thin and if there's significant selling, daily support is nothing.

 

[peter2]

The P2 Spec Portfolio grabbed the profit after todays market update (the chips are almost ready to ship to interested parties).
I am holding some in a longer term portfolio.

 

[Dona Ferentes]

I have a mate that thought this was the bee's knees, when the technology first came out. He bought at $16 and we have a regular conversation; should continue to hold? add? sell?? Might introduce him to the idea of "Free Carry"?

- might even be a good one to trade as it moves around a lot, though liquidity and gaps have often been an issue.

 

[peter2]

I have a mate that thought this was the bee's knees

Pfft, that's not commitment. I've a mate who thinks the CEO is God.

btw: I think the free carry idea is perfect for a company like AKP.

 

[galumay]

Looks like the Bart wealth fund is growing nicely. I can't imagine a better candidate for free carry!

 

[peter2]

I'm reluctant to mention this company again, but I think something's going on. Price is trading in a very tight range just below the $30 level. This is unusual for this stock. Generally after a pump in price there's a dump as the weak holders take their profits. It's not happening now. I'm not suggesting anything untoward, but it looks like there's a small but significant underlying demand that is holding price at this level. Someone is buying from the usual weak sellers. It's possible that AKP may spike to $33-$35, very quickly when this supply is gone. Another news release might help.

 

[Dona Ferentes]

I have a mate that thought this was the bee's knees, when the technology first came out. He bought at $16 and we have a regular conversation; should continue to hold? add? sell?? Might introduce him to the idea of "Free Carry"?

- might even be a good one to trade as it moves around a lot, though liquidity and gaps have often been an issue.

and it's back to below $18 after a steady (or is that unsteady) decline for the last 12 months.

The Market Update , out after Friday close, probably won't help on Monday

[At the] Annual General Meeting of the Company held on 30 May 2022 [there were] queries from ASX regarding the status of the demonstration of the playing chips.

The Chairman’s address noted in Paragraph 6 that demonstrations units had not been able to be achieved by the date of the Annual General Meeting due to significant delays and disruptions to our supply chain, in particular for goods and services originating in China, which among others include our speaker chips. A limited number chips arrived at our facility in Israel only in late May 2022; larger quantities of are expected to arrive by mid-July. Most of the chips received to date have passed test protocols and are now in various stages of assembly and integration into our demonstration systems.

The announced intention of the Directors’ is that once demonstration boards are completed and tested, they will be used to demonstrate the technology ...

..and the cost of/ to all this?

....In the interim, the providers of the unsecured loans of $3m have agreed to extend their unsecured loans under the same terms and conditions until the completion of the capital raising. In addition, 4F Investments Pty Limited, a company associated with Fred Bart (Chairman) is providing additional funding in the form of unsecured loans pending completion of a capital raising.

 

[Dona Ferentes]

Late last month, Audio Pixels said it had received two batches of Gen-1 MEMS wafers back from fabrication and would run a $10 million capital raising after its chip was demonstration-ready. It has a fabrication agreement with semiconductor company EarthMountain (Shanghai) Intelligent Technology Co.

Now going to find the cash: looking for $10 million with the offer priced at $14 a share, a 17.5 per cent discount to the last close and 15.3 per cent discount to the five-day volume weighted average price.

Potential investors were told EarthMountain would tip in $4.3 million and Audio Pixels Holdings’ largest shareholder and Fred Bart would invest $2 million after shareholder approval.

Bart’s 4F Investments has also made about $3.2 million in unsecured loans to Audio Pixels at 6 per cent per annum, that were repayable at September 30 or the capital raising’s completion, according to a recent update.

 

[galumay]

?????
Bart alert!
Lock up your wallets.
Fact is the company is broke, no hard evidence there is any progress with their invisible, magical product, they just need money to stay solvent.

 

[Dona Ferentes]

?????
Bart alert!
Lock up your wallets.
Fact is the company is broke, no hard evidence there is any progress with their invisible, magical product,

... And, according to AFR, now there is a deal with EarthMountain – a Chinese fabricator that has poured a rumoured $30 million into a new manufacturing facility. EarthMountain has become a shareholder to the tune of $3 million (though the money hasn’t landed yet )

 

[galumay]

The thing I found amusing was that the main stream media have finally published a story about this fraud, when investors have been talking about it and its dodgy shenanigans for over 10 years. Mind you, at least the Fin Review got to it before ASIC!!

 

[galumay]

Have a look at this inane waffle, ASX should delist these clowns and suggest they post future announcements on Twitter. Hard to believe the level of unprofessionalism from a board that would countenance publishing this nonsense.

 

[peter2]

To wind this thread up. AKP continues to have a series of ongoing problems creating their chips. From their last report for Dec 2023.

Chairman Bart writes, "Given the resounding success and reception of our first-ever public technological demonstration, management is increasingly confident that the company's commercial objectives can commence sometime in Q1 of this year."

Responding to a few queries regarding some vague terms in the report.
AKP says "no worries" we're in full compliance and are a going concern.

Then this. . .

 

[galumay]

Well finally! Have been tipping the demise of this fraud for so long!