Hey Damo, defiantly not directed at you - I have zero personal issues with anyone on this forum, most of you I don't know, and those of you who I have met in person are fantastic people. I was simply responding to a post.
I want to respond to your post accurately, so I'm going to break it down by sentence.
In my honest opinion, there is a disconnect between SP and the outlook of the company.
- Six months ago and I'd have agreed with you, now, I think we are probably appropriately priced. Every passing day without commercial adoption (and lets be clear - that's all that matters here. Partnerships, podcasts, scientific articles, new hires, Robs likes on LinkedIn all mean nothing if nobody buys our product) diminishes the value of this company (in my opinion of course). AKD1000 has been available for over two years', and call it a test chip if you like (and that another story as this isn't what the company sold it to us as initially), but it was sold to two clients, so obviously there was potential for it to be sold to more - why wasn't it?.. We've seen articles and "evidence" being posted here for the four years' that I've been a shareholder, so why haven't any of the referenced signed a contract? By means of example - We've seen multiple phone and device releases by the big two over that period, so that completely null and voids the argument of development time. We're apparently at the start of an Artificial Intelligence revolution, we have a working chip, ready for sale, better and cheaper than any of the largest semiconductor companies have got, and we cant sell it? It's beginning to feel like there's no appetite for it.
I don't believe we are looking like we are 'done.' If I did, I would have sold.
I actually said that without commercial take up we're done, obviously we have sufficient operating capital for the coming months, but what happens when that runs out? Investors aren't going to keep throwing good money at it without a return. Without being patronising - look at the chart! If it continues on this trajectory for another 18 months without further commercial contracts and revenue then I'll stand by that statement.
There are plenty of companies on the ASX that have peaked and failed, and this is looking very similar right now. Its not good.
I think it would be insanity to believe this company is destined for failure but still hold on. Unless you believe we will be pumped back to a level in which you can exit with most or more than your money in hand? All prior to the apparent inevitable collapse?
TBH there's many people here who would sell out at or around their avg price which is so silly too, but to each their own.
I believe we are at a defining moment in the companies history, and the tires need to touch the tarmac. I've been bullshitted time and time again by company representatives (to my face) telling me that they're extremely positive about the coming months, etc., only to be let down by a fucking partnership or some other insignificant news. Contracts and revenue are needed, and they are needed very soon, but I'm questioning whether we have a team that are up to it, assuming that the chip is as good as its said to be.
I have a significant number of shares. Nobody wants this company to succeed more than I do. I've read and read, and researched and read and have weighed up this investment against others, and this is my current outlook. Its mine, and everyone is entitles to their own. I see high level posters stating with fact that the future is rosy and big things are coming, but (and in response to your question a couple of days ago
@Rise from the ashes, this is me calling out the bullshit)
they don't know what will happen in the future and they have no guarantees that management turn this company into a success.
To answer your questions about why, I can only trust what management have to say.
Unfortunately I don't know more about Brainchip than them, so I don't believe its prudent to reject their responses.
If we can't trust them when they speak of the position they are in now, why have so many held onto single sentences from Sean regarding watching the financials, or lumpy revenue?
Sean has said a lot of things, as have the rest of them, but the proof is in the pudding and as i mentioned previously, nothing has transpired.
TBH I can see why management is tight-lipped, everyone here expects them to crystal-ball revenue figures and IP contracts and then try to crucify them when they miss.
I don't think that's fair. They need to do better with shareholder engagement and have more transparency. The podcasts tell us nothing, but elude us to believe a future where Akida runs the world, but in reality we're a microcap again, with no real world adoption and a declining SP.
I'm no stranger to making my concerns vocal (and yes, I understand that rubs a lot of you up the wrong way), but I'm a genuine shareholder with genuine concerns that I cant seem to get a proper answer to:
- What is the status of the EAP participants?
- How many companies are Brainchip currently engaged with?
- What is the sector distribution of these engagement?
- What is the advancement of these engagements?
They aren't hard questions, and don't specifically break any non-disclosure agreements as there is nothing specific in them.
"The share price will do what the share price will do" - This about sums up how few fucks management actually give.
They need to do better.
