CON
  'Set clock speed to 80 MHz
  _clkmode = xtal1 + pll16x        'Sets the clock speed to 80 MHz using a times 16 multiplier
  _xinfreq = 5_000_000             'Crystal speed: 5 MHz

PUB start
  cognew(@asm_start, 0)

DAT
              org

asm_start     mov dira, #1
              mov wait_time, short_wait_time

              mov test_reg, test_value          wz      ' This line sets the Z flag???
'             mov test_reg, #1                  wz      ' This line doesn't set the Z flag
'             mov test_reg, #0                  wz      ' This line sets the Z flag
        if_z  mov wait_time, long_wait_time

              mov wait_reg, cnt
              add wait_reg, wait_time
:loop         xor outa, #1
              waitcnt wait_reg, wait_time
              jmp #:loop


long_wait_time          long    $C000000
short_wait_time         long    $A00000
wait_time               res     4    
wait_reg                res     4
test_value              long    $FFFF_FFFF
test_reg                res     4 