I feel you Papacass. I've been holder for over 9 years, and I am finding it enormously difficult to maintain positivity.
I want to believe in the technology, but how long does it take to get a "significant" deal over the line, not the small deals that we've seen recently. We've been promised so much over the years, but it has just never eventuated. Year after year, and podcast after podcast we are told this is the year, deals around the corner, hockey stick growth, explosive sales etc. I've actually spend some time going through past AGMs, podcasts and news etc, and Brainchip have simply not delivered on what they've said.
I've held my investment because I trusted the company and I've believed what they've told me (shareholders). I'm seriously beginning to wonder if any of it is true... My faith and confidence in management is almost zero!
And now to suggest a US listing, when they have not displayed any "real" success in Australia. To have four or five asx announcements in a day and just slip this one in, I can't help but think that management do not care one iota about Australian shareholders or the share price. Management have a lot of work to do, before they'll be able to convince shareholders to vote for this.
My other issue, is our list of partners. What does all of this mean? We have Mercedes, ARM, Intel etc etc. But no-one really knows what "partner" means. Does it mean we are working towards an IP licence or deal, or is it simply a single employee in a dark room playing with an Akida chip? Or it is someone like Mercedes who have used Akida in their EQXX model, but now it's radio since (so we don't know if EQXX was the end or beginning of our relationship with Mercedes). Will any of these partners actually lead to significant revenue/IP licence? It's like a black hole....I've emailed TD and ask him directly what "partnerships means" but just got back an email full of gibberish, goes around in circles and each sentence contracts the one before.
Im really hoping for some positive news before the AGM, but I've said this every year for years, so not holding my breath.
And for those that say oh well sell, selling is not the answer. The answer is management actually doing their jobs!