WBT on the rise again, and is about to surpass us in Market Cap.
I am a holder so hope this company does well, but addressing the facts:
- No product yet
- Recently taped out (effectively unproven)
- Earlier stage in development
But their management understand the importance of shareholder management and regular market updates.
Does it seem right and normal that a company that is years behind us, playing in the same pool, listed in the same exchange, is about to be worth more than us?
Brainchip team reading this - it’s embarrassing how we are performing. I’m sick of excuses about general market conditions. Other companies are building their SP and understand the importance of this aspect of the business. What are we doing here???? Give us a proper fucking update!!!!!
Just to play a little devil's advocate, WBT's MC may be overvalued and ours may be undervalued. Now I know you probably agree with the BRN bit, but I don't think we truly know the average holdings of the 40k+ holders.
We also had a crazy quick run up to $2.34 back when we had far less deals/ANN's.
We were talked about everywhere - forums, news, youtube, socials etc.
It was a hype train that unfortunately lead to a correction rather than a re-rate.
WBT could be experiencing a similar hype run that may be a little too early or could be well timed, who knows?
- I should say I know literally nothing of WBT other than what is mentioned here and in your post
I want to categorise some of the groups of holders and indicate why no-one is specifically climbing over each other to buy (with or without announcements about partnerships)
LTH's who have average buys far lower than the current SP (<30c) - maybe a little averaging up but if they are like me I don't like to increase that average if my holdings are already large.
LTH's who have averaged up at or around the current SP - this describes myself I guess where I've no intention to sell out just because It's slipping, but not much more capital to allocate each week/month, certainly not enough to move the market
Any term holder who bought above $1 - these guys are either at the end of their rope and will sell, or are just holding on and not looking at their paper loss. I don't see much averaging down if they bought up near the top last year. Again not enough to move the market.
Shorters - selling down, no explanation needed, relying on FUD
Traders - Playing both sides, which is trapping us in our little trading channel for now
First time buyers - Sure these guys may get influenced, but if they see news announced and the SP slips or stays the same, they may just bail and move onto greener pastures.
Either way I don't see a demographic who's ready and able to influence the SP as it stands. I understand your point that it's because it's a ghost town regarding our ASX announcement's, but the information is still easy to find.
In my opinion, an ASX ANN regarding tape-outs would have been appropriate but also not something I care about if BRN choose not to announce to the market based on anti-ramping procedures they have now implemented. Sure, if they had an obligation to do so and didn't I would be upset, but if they are playing conservatively in the rules then so be it.
Honestly propping up the SP with news lacking material value just means we run to $2.34 and crash again. As a LTH I don't want that lol
Just my opinion and not saying I disagree with you, as it's just speculation based on BRN history and what you can observe with WBT, I just don't personally want anything resembling pumps as I don't want to have to time the market to exit then enter and worry about missing important re-rates, cap raises, ANN's etc. I just wanna hold and see the fruit at the end, we all know Akida is revolutionary and BRN is at the forefront of this Ai explosion.