I only value businesses in USD for the sake of comparison with...

I only value businesses in USD for the sake of comparison with like companies, AKP sits on the Australian stock exchange purely because that's where Fred Bart chose to list, this will not be the case forever, it will most likely be gobbled up or listed on the NASDAQ in the future, it's just the most obvious place for a tech company. All of the companies I have used as a comparison are listed on the NASDAQ regardless of their homebase.
For anyone thinking that AKP is an Australian company, this is purely a matter of time, there is no Australian input other than Fred, Cheryl and Ian playing the investor angle, all of the work to date on R&D has been done in Israel.