Sharemarket bolter Archer Materials did not disclose to investors that its patent application for a novel quantum computing chip was knocked back by IP Australia on February 11, after the government patent body objected to multiple claims in the application.
Archer Materials briefly topped a $700 million valuation at $3.08 on August 16 after it told investors its patent application in the US had progressed a stage further to the national phase of the patent granting procedure.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
