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I just don’t get your word grim. If you thought things were grim you would sell and move on as grim is a situation that is ‘very worrying and without hope.’I don’t think anyone here will disagree with this post FF, the question is though, where is the next commercial agreement? We are more than 18 months into our commercialisation phase now and have had two signed contracts, the most recent was almost eight months ago.
We can all see the potential here, that why we’re invested, but the SP does remain important. The reason it’s getting manipulated by bots is because of this lack of formal progression. If new customers were jumping on the buss every month, would the bots be selling or buying? My guess is the latter.
You can argue that Renesas and MegaChips are selling on our behalf, and that is possible, but without revenue how are we as shareholders or potential investors make informed investment decisions?
I think this company will do great things, and will one day see my family in a financial position the previous generation would have thought to be impossible, but nobody can argue that the current financial status from a SH perspective is grim. Shorts higher then they’ve ever been, SP a third of what it was six months ago, with new new customers announced or revenue in sight… Can you blame the market opportunists for playing the game?
You are suggesting those who are manipulating the price are justified because the company has not made announcements.
This argument makes as much sense as saying bank robbers are justified as banks keep money on hand.
Your post is quite frankly from my perspective invalid. I have said the common denominator across Brainchip and my other manipulated investments is that they are all pre-revenue.
The CEO Sean Hehir has said that the customers they engage with are reluctant to expose themselves and that income will be the best indicator of Brainchip’s progress and has said he looks to be judged on progress and not effort by next years AGM which is May, 2023.
He has not said announcements are impossible but your desire for a constant flow of IP announcements is unrealistic in view of what he and Brainchip has said and is saying.
My opinion only DYOR
FF
AKIDA BALLISTA