Don’t mention the war !!
Some here have suggested that our stock price decline is a result of the war...me myself personally disagree.
Putin launched his monstrous attack on the Ukraine on 24 February’22. At this time, the ASX300 (my favourite index) was around 7400, and BRN‘s stock price was in the mid $1.20’s. The ASX300 tanked down to 6800 but BRN initially held up before sliding down into the the low/mid $0.90’s. As of today, the ASX300 has fully recovered back to 7400…BRN has struggled to get back to $1.00.
No doubt the war has not helped, but BRN was already sliding from it’s post Mercedes January press release high above $2.00, and for mine, the principal reason for the decline is the lack of news. I have to say I’m now very impatient for news of progress.
Don’t get me wrong, I’m a rusted on true believer in Brainchip, and throughout this period of decline, my trading has enabled me to add very nicely to my parcel. But let’s not kid ourselves that the war is solely or even principally to blame…it’s the vacuum that is building as every day passes, without the news we are all awaiting.
I agree that the lack of news is a factor in the depressed SP. However the 1000 eyes have uncovered a plethora of news which has me very confident in the company’s ability to become very profitable.
So that’s what I invested in:
a company with fantastic disruptive technology with a long runway for profits;
a company with patents protecting my investment;
a company run and staffed by professionals at the top of their game;
a company which has just finished it’s R & D and is
beginning it’s commercialisation.
a company which has had it’s revolutionary products verified by NASA, US Defence, Mercedes Benz. Megachips & Renasas.
The information above alone tells me Brainchip is going to be very profitable. I don’t need constant reinforcement about my decision to invest In Brainchip. I have only invested what I can afford to not touch for another 5 years and therefore am not antsy or stressed about the daily price fluctiations. Baring a catastrophic event I am confident the business will have grown exponentially and be very profitable.
Revenue is what will really get the SP moving. Every day brings us closer to revenue and our CEO has stated it will begin to flow this year!
Brainchip’s business model is that once the products are released and are being sold there will be a continuous cash flow revenue which will grow over time. The variables are timeframe and size but I‘m happy to wait patiently with the belief the outcome is inevitable. Some of our customers, and potential customers are spending or making profits in the Billions: I’m happy to be part of that action!
My other option is to take my money out now, at a profit, pay my house off and be comfortable, which some my think is the right decision.
But will I be kicking myself in 5 years time when I’ve missed in my view, an obvious and huge opportunity to really change my circumstances!
So I’m very comfortable with my investment decision.
Good luck to all holders!