Watching where the buy sell side meet, and keeping in mind there is an ever increasing institutional hold of this company. It is obvious (to me at least) that the price of this stock is totally at the whim of these institutions. They are setting the price, with large buy and sell walls, with a weak price in the middle. They then dump suddenly to cause panic and trigger stop loses. Using sophisticated algorithms they can buy, sell, short sell to themselves.
They will continue to do so until evidence that of fundamental profitability of the business becomes public knowledge. This could be in the form of new contracts being signed or revenue from royalties in the quarterlies. Or, a bit left field, a new / strong endorsement from a large corporation (aka Mercedes)
They prey on the large amount of retail investors with comparatively small holdings to their own. Those who might need their capital in this environment of rising interest rates and cost of living. They can wait us out.
Trust me or don't, it doesn't matter, but a larger corporation(s) sees our tech as a threat and would like to have bought us out (purely for the rights to the patents).
It's been stated by brainchips that the company would not entertain this idea, and possibly haven't been open to an offer in the past.
Therefore, another cost effective option from a nefarious player, would be to force the hand of the company by aggressively impacting the share price. Disrupting confidence in management and effectively blackmailing them, coming into a second strike scenario next year. All, whilst making money on shorting the stock as well.
It's been a perfect shit storm, of recent weeks. But I haven't sold any stock as in my opinion, when news hits (which it will), there will be a very large gap upwards, that might not ever be filled again.
AI tech like this is inevitable. But fundamentally neuromophic AI moves away from traditional AI that is largely predictable and operates on human training models. Allowing AI to train itself, is cost and compute efficient, but adds a large layer of risk (think self driving cars), that needs more time to work through.
I will be sitting back, trying not to watch the stock price for the rest of the year. But, have set my notifications for market sensitive announcement.
My tea leaf predictions for remainder of year are:
1) ongoing memorandums of understandings from various companies. No impact on share price.
2) TATA signing contract. Big spike in share price but will settle back, based on lead time for royalties.
3) increasing revenues in next quarter from royalties of akida 1000/1500. Not overwhelming, but solid.
4) Big left field endorsement from leading tech company. Out of blue and catapulting our share price on open of market that morning.
This is all just my musing and I'm not a professional investor. Dyor