Another 3.4M shorts taken out Friday!
Sure it would have been great to announce Akida LSTM was available etc but it has to be very pleasing to know SocioNext is heavily invested in cockpit AI and relying on Akida. We know Prophesee has a very positive future and we are what they were missing. There is some serious dots to Iphone sensors through this relationship with Sony.
If i recall our CEO mentioned at the last AGM that the Next AGM would have seen the next edition of Akida released publically (I do think it has been shared with EAP VIPs forsure under a NDA. In the last 4C i got sense there were very close to converting some licence agreements which was their focus. If that occurs the 4C records cash and it may not be paid so I am more interested in revenue receipt.
investing in BRN has been derisked a lot from the partnerships we know about. Intel would not in this world associate and promote us if they didnt validate, accept us and know customers will want us in their chips. The potential is massive but fairly for the majority of people, they want to see a business that has paying customers.
BRN could have been still in VC at the moment just like NVISO, Prophesee, SiFive. We are growing with these companies but we have the chance to be invested earlier.
Everything positive is happening to start having really nice revenue streams at highprofit margins very soon. Once that happens PE ratios of 50 will not be questioned at all in a growing market with no debt!
That is like share prices of $8 on profit of 270M. Its coming and there will be a rush to acquire and a rush to close over 100M shorts.
the good news is we don't have to hope the tech works, that there is a need for it 10 years. It's happening now and 2024 we can be comparing Akida products we own on this site. The question i have is what will you be doing with your time while your car is driving up the coast to your beach home. Will you be reading TSE or talking to your new panasonic fluff ball!
Timely, measured and great post.
Thank you.
Agree we are fortunate to be able to invest in BRN.
Peter had his brush with the Vulture C mob with his earlier company and didn't want either himself or his backers, screwed out of the financial benefits that he knew would flow from what became Akida.
And yes, for those with the strength of will and conviction, it is merely a waiting game now.
However some well resourced and cunning organisations who are mainly interested in making money and preserving the power it bestows, and who have decided that their ethics are not only fungible but completely malleable, will continue to employ dubious tactics with the intent of relieving us from our acquired share of the Company. It's nothing personal, we are just in the way.
They have, over a long period of time, influenced and shaped the market in which we participate to be biased in their favour.
I understand that some here condone shorting and believe that it adds depth and liquidity to the market but I personally abhor the practice.
I also think that, similar to a gateway drug, it's corrosive and demoralising influence steers practitioners on to worse practices, some of which may border on illegality. Think along the lines of the 1987 movie "Wall Street", but updated with High Frequency Trading, algorithmic bots, privileged access and a whole suite of technologies we are probably not even aware of.
If we hold, eventually, as the Company progresses, income flows, and that becomes more widely known, they will have to sweeten the deal.
But in the meantime we are, in their eyes, fair game and they will continue to try and demoralise us with the direct shorting attacks upon our share price along with the prompts dealt by the few subtle and more often not so subtle influencers they engage, to try and manipulate our short term thinking into selling ourselves cheaply.
Don't misunderstand.
I am invested in Brainchip to make money, but I won't do just anything with that end in mind, and I sleep better knowing the intent of our company is the successful implementation of beneficent AI, working towards the betterment of society.
This I endorse and think is wise, cause society is where I live, and I don't want to be stuck in a gated community before my time.
Hang in there Chipper's.
Todays share price is just a figment from someone else's imagination designed to induce you to doubt.
AKIDA BALLISTA
AKIDA EVERYWHERE
GLTAH
