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Akoustis bankruptcy -3


Just to be complete, AKTS was delisted today with little notice, and now trades OTC as AKTSQ, as also predicted.  Yesterday's hearing had some objections by Qorvo, and Akoustis argued at length about being given room to complete a pending contract.  All of this supports my views on the motivations on each side, and makes it look like the case could drag on for quite a while.

On 12/17/24 07:20, Esekla wrote:
The 8-K filing from Akoustis shows that the stalking horse bid for its hard assets is only $10M.  Consequently, subscribers can assume that I will make the AKTS section public by year end, as it seems overwhelmingly likely that Qorvo will wind up owning what's left of the company and existing shareholders will get nothing. 

There is no mention of patents or other IP.  So, I will check in on the court process mentioned below, including today's hearing and follow-up if anything interesting develops.  Qorvo is pretty close to reasonable valuation after posting a YoY decline in earnings along with very weak guidance at the end of October.  This is due to a saturated smart phone, and particularly iPhone, market.  So, Qorvo could use some technological and product diversification, and it is possible that I will eventually add a QRVO section to the private section of the website.  As always, input on that is welcome.

On 12/16/24 06:39, Esekla wrote:
Akoustis has finally filed for bankruptcy, as predicted half a year ago.  Though there have been some gyrations, I suspect that the main reason it took this long is simply to be a thorn in the side Qorvo by keeping Akoustis assets out of the hands of the company that sued it into oblivion for as long as possible.

I'll be considering to whether or not to follow the court process or just make the AKTS section public over the holidays.  Input on that is welcome, and I will update with my decision soon.