GDJR69
Regular
I've taken some time to reflect on the AGM and the business and wanted to share my thoughts.Hi Slade,
Couple of announcements today already.
New Patent
AND my favorite
Another Partnership....pushing to 18 now...30 is getting closer !
Last year's AGM the company was full of confidence for the next 12 months. Unfortunately, that confidence was premature. My impression was that the company was determined not to make that mistake again at this year's AGM and perhaps the pendulum swung too far the other way at a time when shareholders were actually looking for some reassurance.
However, let's look at some basic facts removed from sentiment and emotion generated by yesterday's AGM. The runway to commercial success is longer and more winding than many of us thought but we are still on that runway. Customers had feedback about Akida 1.0 that the company has taken on board and has now produced Akida 1500 in response with Akida 2.0 on the way. I infer from this that if Akida 1500 meets their requirements there is likely to be customer engagement after they have tested it as this is the end of the journey that started with Akida 1.0 rather than the start of a new journey with Akida 1500. No doubt also, Akida 2.0 is designed with these issues in mind but with even more functionality. As far as I can see too, we are still the only company with a commercially available edge AI solution in a rapidly expanding market that is crying out for this solution.
So when I ask myself the question, is this a company at this point I would want to buy into the answer for me is yes; and because the answer is yes the answer to the question should I sell my holding is obviously no.
There is no doubt the company is making progress behind the scenes and that the partnerships are important. I actually believe Sean has contributed a lot. As investors we are always dealing with probabilities and being called on to make decisions based on inferences from the facts we know. However, the inference I draw from where we stand is that we are still likely to be successful, and maybe we will see some engagement from customers sooner than people might otherwise believe if Akida 1500 finds a receptive market.
They are my thoughts for what they are worth.