robsmark
Regular
Devils advocate:BRN still had funding for approx 4 qtrs.
The only conclusion I reach is BRN has a new obligation to a new or existing client.
As you said it may be for mass production of a new chip, whatever the chip spec is not important. The fact that the call was made is important and leads to two possible scenarios.
1. If BRN didn't need the money for new client obligations then why would they place the call knowing they have sufficient runway to the end of 2023. By placing the call so early without needing the funds would only see the sp dive. It is highly improbable this is the reason for the call.
2. BRN has a contractual obligation to supply chips to a client and need the funds for production.
My guess is MERC has expanded its use of Akida and are possibly aiming to release the tech earlier then 2025 in the EQXX.
If BRN's production slot with TSCM still exists, I think it will be used very soon.
Either way, A change is gonna come.
Option 3: Maybe Sean knows revenue will be shit this year and want to secure cash to continue operating?
I feel like all my posts are negative recently, but we have to be realistic and have balance.