The issue I see focusing on this metric is that institutions owning 60m shares out of 1.8B is a mere pittance. Admittedly the float is less but still 60m is still somewhat meager.
True I suppose if it doubled each quarter it could have some significance but.....
And not too many "institutions" are going to spend much time investigating a 15 cent stock or by charter are allowed to buy them.
Correct me if I am failing to "get it."
Charles there are 2 issues Here.
1. Australian stocks have a crazzy number of OSI it's not just BRN but lots of companies.
2. The whole drop is orchestrated for institutions to buy more shares in my opinion.
They want to be the ones that have the stock worth what it is.
My opinions.
Majority if major BRN holders are older and the institutions caught on and they have shakes.andnshaked to get share off the Australian shareholders.
Majority of people and ASX do not know how to value tech correct.
FF and the 1000 eyes did an amazing job of educating and informing many retail holders on the value of this technology and hence the informed is in pain and despratly holding not selling.
Look if word was out the Akida was not what it is this would have dropped like a rock with a gap down.
I see how the volume churns and churns and the manipulator stacks in buys at the lower price and then bangs sells to them selves lower while most retail specs buy in to the ask.
Then they get scared sell lower again then the churn the shares again staking a bid while selling higher and bang they drop to them selves 2 or 3 parties sell back and forth and no real value is lost just stops and people giving up.
They use super computers calculating the best action weather to run it job a bit to short sell then drop.
The reason they do this is cause genuine buyers are sparse yes a few bought but more sold got scared of BRN going to 0.
They kept drilling this fear no revenue nothing good Akida 1000 failed which is bull shet it's being use. The constant bashing has litterly driven any speculator to buy away and then the size pool of investors has dropped off too cause the economic environment so if you understand what moves the market then only 1 extra seller then buyer will drop the price.
Think like this and this is not financial advise. If on Monday there was 20 milli okn shares that a buyer wanted to buy to hold the price of the SP would likely hit 25 cents if not more. This is my opinion only and not financial advice.
The other day there was a 6 million sell at 19.5 sitting when we are trading at 16.5 or 17 cents never moved never sold next day the position dissapeared.
Who has 6 million shares to sell at once I doubt it's retail but they never sold.
This game has gone on for way too long imo but really they scared the crap out of everyone to buy.
Now you here more on a CR no revenue till 2025 and stuff that's BS the cycle to product takes time yes but not as much as they evil says. Those testing Akida can now speed up the process the first cycle was new and naps need to be built they are still there.
The constant noise created obviously has drowned out the amazing accomplishments 3 space companies are using Akida. They have trusted partners products coming to market but yet all we hear is they have no revenue over and over.
I can agree at maybe 1 dollar to the peaks were maybe alittle rich 2 years ago. But with what's done I don't believe that we at 15 cents we were 15 cents before Akida was ready. Look at August 2020 when we were 15 cents then see all that was completed and reported on and just let that sink in.
Not sure if you hear the yelling about MC of BRN saying 500 million too much well our market cap is about 170 million USD way off the mark. 1 contract can change that pretty quick.
Anyway thats my take have a good weekend.