AKP - Audio Pixels Holdings

[galumay]

What exactly does the IP cover? Call me cynical, but IP is a very complex legal area and it's a great way for a micro-cap to suck punters in (not saying this is you) by doing a big song and dance about patent protected technology that is only really tangentially related to the product they're promoting.

I think its clearly a high risk speculative company, I remember stumbling across them a year or so ago and then being amazed by the run they have had on basically blue sky.

The price has certainly run way, way ahead of any real results, like any speccy, if it comes off and they really start to generate income then maybe the price will be justified, if not I guess it will be ugly - its a long way down from $13!!

(my back of an envelope calculations suggest that for an IV of $13 AKP would need to have an EPS of around 75c which would equate to a NPAT of about $20m - a hell of a turnaround from the current losses!)

The scary thing for me is the psychology of gamblers who are buying in at the current prices, thats a special kind of optimism!

 

[Mango51]

Well, you pays your money and you makes your choice. Read the latest announcement by Fred Bart - Chairman. He clearly states that the chip works, and so advises the ASX. If he's not telling the truth he's in huge trouble, unlikely for a fairly wealthy guy that would not be interested in going to jail. Audio Pixels have stated previously that something like 51 patents have been registered in at least 13 countries. This has all been advised to the ASX. Quite possible that at some stage someone will reverse engineer the technology but at present we are told that there is nothing like it out there at present.

I have always taken a punt with this stock, there were periods when I was definitely underwater. Point is, if this chip does what Fred Bart says it does, then it is a total game changer, worth god knows what.

I don't really care what you think - I have a serious parcel and am a long way ahead. My shares are not for sale, yet.
Eventually I see the share price being determined by a large international electronics company - take your choice - Sony, Samsung, Apple, Intel etc

Possibly you are unamused that this stock has slipped under your radar. I'm not sure in which countries patents have been registered, but I imagine they would be the ones that take IP protection seriously. Why don't you ask Audio Pixels yourself ?

 

[Mango51]

I think its clearly a high risk speculative company, I remember stumbling across them a year or so ago and then being amazed by the run they have had on basically blue sky.

The price has certainly run way, way ahead of any real results, like any speccy, if it comes off and they really start to generate income then maybe the price will be justified, if not I guess it will be ugly - its a long way down from $13!!

(my back of an envelope calculations suggest that for an IV of $13 AKP would need to have an EPS of around 75c which would equate to a NPAT of about $20m - a hell of a turnaround from the current losses!)

The scary thing for me is the psychology of gamblers who are buying in at the current prices, thats a special kind of optimism!

If you accept this logic, then please explain the prices paid for Hotmail, LinkedIn, Facebook, Google etc I remember when Apple was at $12....then Steve Jobs returned and the SP went past $700

There are some ideas which don't make logical sense based on conventional thinking - Silicon Valley wouldn't exist based on your concepts. I'm not suggesting you invest in Audio Pixels - I'm not a licensed financial advisor. I'm just sure glad that I did. I'll post again in 3 months, whatever happens, and you can then either rubbish me or be very envious.

 

[galumay]

If you accept this logic, then please explain the prices paid for Hotmail, LinkedIn, Facebook, Google etc I remember when Apple was at $12....then Steve Jobs returned and the SP went past $700

There are some ideas which don't make logical sense based on conventional thinking - Silicon Valley wouldn't exist based on your concepts. I'm not suggesting you invest in Audio Pixels - I'm not a licensed financial advisor. I'm just sure glad that I did. I'll post again in 3 months, whatever happens, and you can then either rubbish me or be very envious.

For every Apple there are dozens if not hundreds of companies that simply dont exist any more.

I dont know why you think my concepts would preclude silicon valley, all I am pointing out is that its a highly speculative company and already has absolutely massive sustained earnings growth factored into its price. From that perspective buying now is a special form of gambling.

I am not averse to holding very small positions in speecy companies that tickle my interest, but I want to buy in at a discount not at a massive premium!

Whatever the outcome I wont rubbish you, and I am never envious of others luck - that is a trait of a true gambler!

Its pretty simple for me, a company i was once interested in is no longer priced as the speccy that caught my attention and has no place in my investment portfolio because it fails to meet any criteria for that.

 

[McLovin]

Well, you pays your money and you makes your choice. Read the latest announcement by Fred Bart - Chairman. He clearly states that the chip works, and so advises the ASX. If he's not telling the truth he's in huge trouble, unlikely for a fairly wealthy guy that would not be interested in going to jail. Audio Pixels have stated previously that something like 51 patents have been registered in at least 13 countries. This has all been advised to the ASX. Quite possible that at some stage someone will reverse engineer the technology but at present we are told that there is nothing like it out there at present.

STMicroelectronics has 800 patents on MEMS technology, including this one that I found in a 30 second Google search.

ABSTRACT
A MEMS speaker device including a membrane that forms a first capacitor and a second capacitor, respectively, with a top plate and with a bottom plate. The device includes a driving circuit that operates, during a first operating period, to move the membrane into a first position, in which the membrane is close to the bottom plate, and during a second operating period, to move the membrane into a second position, in which the membrane is close to the top plate. The device includes a testing circuit having a measuring circuit, which generates a first signal, based on a capacitance of one of the first capacitor and the second capacitor and a second signal based on a capacitance of one of the first capacitor and the second capacitor; and a comparator, which compares the first and second signals with at least one first electrical reference quantity.

http://www.google.com/patents/US20140093089

And here's one from Sony...

ABSTRACT
Disclosed is a microelectromechanical (MEM) speaker device. In one embodiment, the MEM speaker device includes: (i) a base layer; (ii) a device controller; (iii) a coil layer connected to magnetic material; (iv) an oscillator connected to a spring and the magnetic material; (v) a spring between the oscillator and a support layer; (vi) a protective layer over the oscillator; and (vii) a support post connected to the oscillator, the base layer, the protective layer, and the coil layer. Embodiments of the invention can provide a MEM speaker device where control of the oscillator by electromagnetic force produces sound energy.

https://www.google.com/patents/US75...&sa=X&ei=EcP9U9fXDJW48gWvkYB4&ved=0CDIQ6AEwAw

Possibly you are unamused that this stock has slipped under your radar. I'm not sure in which countries patents have been registered, but I imagine they would be the ones that take IP protection seriously. Why don't you ask Audio Pixels yourself ?

The question is what, not where. What is protected by their patent application and I guess also have the patents been granted? Considering you've come on here telling us all what a great company this is, I would have thought you'd have some idea. I guess what I'm saying is that they didn't invent the idea of MEM's speakers so what did they invent that makes them the next tech giant?

 

[skc]

PS skc: But hey! I trade the stock by the chart. Neither do I intend to marry it, nor do my grandkids need a bundle of Aussie shares - I hope they're well and truly on their way, scratching a living on their own, when I become late. I'm sure the crematorium people can do their job without assistance.

Even though I quoted you I definitely didn't mean you at all. Just a general comment.

(my back of an envelope calculations suggest that for an IV of $13 AKP would need to have an EPS of around 75c which would equate to a NPAT of about $20m - a hell of a turnaround from the current losses!)

For an investment to pay off in AKP (or any other early stage tech like this), it is unlikely that it's through earning revenue and making profits. Once they have shown enough that their technology works, a larger trade buyer will come at take it out at a price that is unrelated to earning or anything like that.

Read the latest announcement by Fred Bart - Chairman. He clearly states that the chip works, and so advises the ASX. If he's not telling the truth he's in huge trouble, unlikely for a fairly wealthy guy that would not be interested in going to jail.

ASX announcements are not gospel facts, and rarely anyone has ever gone to jail because what they announced turned out to be false. There are many ways to explain why things didn't work out as planned / initially stated. Not saying Fred Bart is lying... but just pointing out that "all ASX announcements are true" is not a logic that stands up.

I have always taken a punt with this stock, there were periods when I was definitely underwater. Point is, if this chip does what Fred Bart says it does, then it is a total game changer, worth god knows what.

It may or may not be a great technology that works. I guess my observation with these things is that ...
a). It's near impossible for the average punter (even if they are engineers in the same field) to get a handle on the scientific and commerical viability of the technology.
b). It's certainly not possible for the non-technical average punter (i.e. those Comsec fad traders) to assess and price the technology... yet it is their activities that set the market cap.
c). People buy the bluesky but don't price the probability of success.

That's the whole dot com boom in a nutshell... and it's replayed in micro segments all the time. Selected few will be winners, while the majority will amount to nothing.

The one thing that stood out to me from the list I posted above... is how little they are spending on R&D. If the application is potentially worth $billions, then the chance of this being discovered and developed in the hands of a company spending $2m a year in R&D is quite small. Not impossible, but small.

There are some ideas which don't make logical sense based on conventional thinking - Silicon Valley wouldn't exist based on your concepts. I'm not suggesting you invest in Audio Pixels - I'm not a licensed financial advisor. I'm just sure glad that I did. I'll post again in 3 months, whatever happens, and you can then either rubbish me or be very envious.

This is true to some extent. Silicon Valley buys concepts all the time. Australia has a relatively underdeveloped capital market for this. I met with a VC once who started a fund basically buying Australian tech companies and selling it to his US counterparts. It's a valuation arbitrage...

Please don't take anything posted here personally. It's just different opinions and different approaches to risk and reward. Good luck with your investment and do share more of your research on why you choose to back AKP.

 

[galumay]

Please don't take anything posted here personally. It's just different opinions and different approaches to risk and reward. Good luck with your investment and do share more of your research on why you choose to back AKP.

Very good point, SKC, we all have the potential to learn from such discussions.

 

[VSntchr]

For an investment to pay off in AKP (or any other early stage tech like this), it is unlikely that it's through earning revenue and making profits. Once they have shown enough that their technology works, a larger trade buyer will come at take it out at a price that is unrelated to earning or anything like that.
ASX announcements are not gospel facts, and rarely anyone has ever gone to jail because what they announced turned out to be false. There are many ways to explain why things didn't work out as planned / initially stated. Not saying Fred Bart is lying... but just pointing out that "all ASX announcements are true" is not a logic that stands up.

It may or may not be a great technology that works. I guess my observation with these things is that ...
a). It's near impossible for the average punter (even if they are engineers in the same field) to get a handle on the scientific and commerical viability of the technology.
b). It's certainly not possible for the non-technical average punter (i.e. those Comsec fad traders) to assess and price the technology... yet it is their activities that set the market cap.
c). People buy the bluesky but don't price the probability of success.
That's the whole dot com boom in a nutshell... and it's replayed in micro segments all the time. Selected few will be winners, while the majority will amount to nothing.
The one thing that stood out to me from the list I posted above... is how little they are spending on R&D. If the application is potentially worth $billions, then the chance of this being discovered and developed in the hands of a company spending $2m a year in R&D is quite small. Not impossible, but small.

Please don't take anything posted here personally. It's just different opinions and different approaches to risk and reward. Good luck with your investment and do share more of your research on why you choose to back AKP.

SKC this is a fantastic post that reminds me why I joined ASF. Balanced and objective posts such as this allow people who may be caught up in the hype to re-think their assumptions.

 

[pixel]

SKC this is a fantastic post that reminds me why I joined ASF. Balanced and objective posts such as this allow people who may be caught up in the hype to re-think their assumptions.

+1
I can't claim any deeper understanding of the technological merits or otherwise either. I "know someone who knows more" about it and asked him. His verdict: 'Without seeing the details, it's impossible to tell.' And with patents pending and negotiations underway, we've got Buckley's.

So, for me it's back to the chart and speccie rules. And based on that, I sold my last at $13.99 and haven't been back yet. The pullback fell short of my initial target and the next breakout lacked sufficient support and "oomph" to convince me it's not a "false break" like so many promises.



I do however keep it on my watchlist, in case the Bearish Divergence cloud is overturned.

 

[pixel]

Adjusted trend lines and ranges to most recent trading reality.



While I'm still keeping an eye on AKP (and EOS), I won't buy back in unless definitive support is confirmed.
At present, my guess is around $10. Alert set.

 

[Mango51]

Check out

http://www.brw.com.au/p/business/mid-market/takes_bart_shrinks_speakers_grows_1CaMrKgJhI7mMLO81icBnO


Well, for me the key point is that the Fin Rev saw fit to run a half page (colour) story on AKP, reinforcing the view that if the chip works, then it's a game changer and the shares could be worth anything.
Or, maybe just the value of the building in Crows Nest !

If nothing else, more people than before now know about it and that can only be positive for the share price. Demonstration of capabilities before the end of the year. Gives us a date to look forward to.

And, Fred is very positive, already knocking back offers to sell the company. Am looking for a very merry Christmas

 

[skc]

Check out

http://www.brw.com.au/p/business/mid-market/takes_bart_shrinks_speakers_grows_1CaMrKgJhI7mMLO81icBnO

And, Fred is very positive, already knocking back offers to sell the company. Am looking for a very merry Christmas

Thanks for sharing the article. A good read.

 

[pixel]

Adjusted trend lines and ranges to most recent trading reality.

While I'm still keeping an eye on AKP (and EOS), I won't buy back in unless definitive support is confirmed.
At present, my guess is around $10. Alert set.

Alert fired. Still very risky, so I'll only observe...

 

[pixel]

Back to home base. Today's volume spells trouble. And no announcement yet ...



... this Pixel isn't holding any; nor buying at this time.

 

[burglar]

... I'll post again in 3 months, whatever happens, and you can then either rubbish me or be very envious.

This ought to be good!

 

[Mango51]

This ought to be good!


View attachment 60449

Well, actually it is very good. Read the announcement from AKP today, 3rd March. Chip performance is regarded as a "game changer"

Watch the share price today.

 

[Mango51]

Thanks for letting us know when it's too late. : A fine friend you are.

With a name like Pixel, I should've been a holder at least since March! Yet nobody told me!

View attachment 59134

Going on the Weekly chart, it's probably too late to join now; 200% of a 1-year trading range is often a reversal point; so I'll keep an eye out for a pullback - if and when and how deep.

View attachment 59135

Hey Pixel.... yes its been a while, but are you on the AKP train ? Gone from $8 to $11 in a month. We are all expecting the results of Phase 4 anytime soon. Check out the China conference where AKP gave a technical presentation last Sunday afternoon......

 

[pixel]

Isn't Hindsight wonderful
Three weeks ago, AKP sent a very strong breakout signal - and I missed it again

Today's announcement explains the reason, but now it's too late to start playing catch-up

 

[Mango51]

This ought to be good!


View attachment 60449

Checked out the price lately ?

 

[Mango51]

Isn't Hindsight wonderful
Three weeks ago, AKP sent a very strong breakout signal - and I missed it again

Today's announcement explains the reason, but now it's too late to start playing catch-up

View attachment 66341

Checked out the price lately ? I personally will not sell my shares for less than $100