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WiredforSound

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  1. Um....So I can safely assume you haven't been following the order book these past few days! The guys who offered up their 10,000 shares today didn't have any trouble finding takers for them..anything offered within 10c of the last sale price was taken instantly. People are having no problem realising gains if they're prepared to sell, but most are holding them tight. The reason for the low turnover is lack of sellers as opposed to lack of buyers. Just look at the order book - 106 shares available at $8.50 then nothing more unless you're willing to pay $8.95. This company takes the term "closely held" to the next level.
  2. No offence, but if you're talking about pump and dump, you should know that a critical ingredient for a pump and dump is high volume; with an average of just 10,000 shares traded per day representing 0.04% of shares in issue, this ain't no "chop stock". Furthermore, you'll see sweet FA online chatter about the company on stock forums....another requisite for a pump and dump. In my view, Management actually stopped caring about attracting new shareholders sometime ago...it's really irrelevant to them now. All stock is tightly held and they have the cash and backers they need to get this thing over the line. In terms of the balance sheet, I think it's absolutely fine considering where they sit on the path to monetisation. Anyhow, at $2.0m in the bank they have enough cash for the best part of a year without raising further funds, as: 1. R&D spend is sharply reducing ($1.1M last Qtr, 0.6M this Qtr), which also suggests a wind down in testing and evaluation (would have expected to see the opposite if they were having issues); and 2. Employees are paid well below market rates and don't care as they're sitting on significant shareholdings. Worse case scenario, even if more funding was needed, they have: 1. a commercial property that's surplus to requirements that they can flog and/or borrow against (two-odd million there); and 2. a serious raft of sophisticated investors on board with more information than any of us are privy to, that would have no problems dipping into their pockets if needed. 3. the backing of Sony Corp. These guys have picked up the lion's share of development costs since 2011 so it's fair to say they're somewhat pot committed. I have read a few posts on this forum that question how this digitial speaker chip can do what the company says it can. If this was all a giant lie, don't you think the R&D guys at Sony and ICSense would have been able to see that within their first 24hrs of due diligence? They would have severed ties and run a mile a long time ago. The guys inside these organisations are likely to be better credentialled than anyone of this forum (although I could be wrong there) AND they have a massive advantage in terms of the information they're privy to. And AudioElf, I'm sorry for any confusion, I should have said that AKPs technology flies in the face of popular conventional theory, but of course a disruptive innovations often deviate from popular conventional theory. My suggestion to anyone who doubts the technology, is to ring Danny Lewin (CEO) and talk through your concerns. To the extent that the questions can be answered without revealing AKPs hand, I'm sure he would love to chat - you might just be converted.
  3. No disrespect to any of the resident sound experts on here, but I wouldn't expect this technology to stack up in theory as it's a disruptive innovation which by it's very defintion, flies in the face of conventional theory. Sony Corporation and ICsense are onboard...if there was "no real development" as Mayhem13 suggested, that would imply that neither of these organisations completed much in the way of due diligence...I'm sorry, but no chance. All will be revealed soon when AKP shows their hand... I'm predicting a Royal Flush.
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