The money pit that has always been Audio Pixels, built on nothing but hot air for many years has reached the end of the line. Without a white knight / or new capital, AKP 's run of empty promises appears to be over:

The auditor has stated:

"in the absence of further debt or equity funding, the consolidated entity is expected to consume its cash reserves through operating activities during April 2024. " The company has also fully drawn its financing facilities.

ADP had $2.3 M cash on the balance sheet as at 31/21/23, with current liabilities of $3.8 million. An investor subscribed to $4.3 M in shares way back in September 2022, but never came through with the cash. It was a Chinese investor, and they cannot determine if they will ever get the cash.

As a result, the ASX has suspended AKP form official quotation.....

It has been many years promised, but the public demonstration of the miracle chip has been delayed due to delays in receiving chips and other critical components.

This company has delivered nothing but hot air for 10 years, and burnt tens of millions in cash in the process. How it has a market cap of $279 M is a testament to how long investors can be strung along with nothing but empty promises and pipe dreams..

Management over promise and under deliver to a comical level.   

On May 25, they promised a demonstration of their technology by June 30.   

On June 30, they release an update saying they need another 14-21 days, but a COVID outbreak in Israel may delay this further.  

The company only has enough cash to sustain another quarter or two of operations, with no contracts or cashflow on the horizon I can see - happy to be corrected.