The Pope
Regular
Hi. With some of your facts noted in your post, are you able to send to Tony Dawe to see if he is willing to respond or give the TSE guys a update.Just because “some legends” have posted “reassuring stuff“ that others find comforting, does not necessarily mean it will come true. Nobody on here is a prophet, and nobody who is respectfully posting about their concerns should be shot down in flames or mocked with memes - it’s childish lowers this forums credibility.
Investors and traders alike, can only act on the information at hand, and right now that information isn’t strong enough to prevent this abysmally poor SP performance. This is why we are being shorted, and this is why shareholders have concerns. It’s justified.
Fact - management are being too coy with announcements. Tony and I have spoke face to face about this, and the company has obvious concerns about ramping, but I believe they are now over correcting. The tape out should have been announced, as should the Intel arrangement. They didn’t need to be marked as price sensitive. Other companies are releasing similar announcements without issue, and the company has an obligation for continual disclosure - not by socials, but by the proper platform.
Fact - there has been less commercial adoption than we all expected. Megachips was over two years ago and Renesas was over a year. Two licences in two years is piss poor. Revenue is too low, and somebody needs to be accountable for this.
Fact - the company isn’t releasing enough information to the shareholders about things that matter. What happened to the EAP? How many are still included in the programme? In fact, is the programme still running? Not everyone has the time to spend all day talking to a bunch of anonymous people on a forum to gain insight, nor should they have to. The company needs to do better here.
The dilution needs to stop and I don’t want to see anymore performance gratuities or options exercised until the shareholders are rewarded with a stronger SP, or a solid update with fact based optimism of a brighter future. It seems all the Brainchip staff doing well whilst the shareholders are getting F in the A. If staff truely are performing, then they’ll be willing to hang around to be rewarded by revenue. This is how most other companies pay bonuses.
Echos of baseless optimism on here are getting old. The company needs to start performing financially - it’s not a not for profit, it’s a public company with marketable product. Shareholders need and deserve a proper update on what is actually going on, so we can make informed decisions. Seans statement in the 4c was a cop out.
For example, What is happening with the EAP and how many are still included and is the program still running?
The above may assist concerns for some on TSE etc on direction or lack of comments provided by BRN in the 4c.