My post was written in great haste.Yes we need to up-list in the US asap, agreed.
The institutions are not allowed to trade OTC stocks in the US so very little is going on there.
From Investopedia:
While many financial institutions are prohibited from trading penny stocks, loosely regulated hedge funds have no such restrictions. That said, most hedge funds won't trade penny stocks on the long side: They far prefer short-selling penny stocks that look to have peaked after being heavily promoted. Penny stocks, although they often do indeed trade for mere pennies, can still be exceedingly dangerous to short because of the risk of a short squeeze. So while the risk-reward payoff for shorting a penny stock is too skewed (i.e., offering a limited reward if the short strategy works and unlimited risk if it doesn't) to be worthwhile for an average investor, the strategy may entice a deep-pocketed hedge fund.
Who Actually Trades or Invests in Penny Stocks?
Although penny stocks are highly speculative, millions of people trade them daily.www.investopedia.com
Obviously no way to up-list as a 10 cent stock on the US OTC, we need some IP deals and preferable from one or two of the really big players, Alkida2.0 could be the ticket.
A reverse-split can be necessary with the very high amount of outstanding shares but it would best to avoid it if possible as explained in the link below.
My average on my shares are 0.7 Aus$ so I am deep deep in the red but pointless selling now and I believe in what we got here.
I also believe in the management, Sean's 5 year plan and partners are steadily building up which indicates great interest in the Alkida products capabilities.
Apart from the 2 inventors of the chip, I am mostly impressed by Duy-Loan Le, the lady is super smart and have done her own chip designs before, she knows exactly how Alkida works. Do you think she would join BrainChip if she wasn't impressed? No off-course not, she can pick and choose whom she want to join.
Doubt anything will happen this year, next year we should see some increasing sales but I think 2-3 years out is where things will really take off.
I am retired so can't really buy more shares but I am trying to find funds so I can add just a bit more while they are dirt cheap.
All IMHO
Reverse Stock Split: What It Is, How It Works, and Examples
A reverse stock split consolidates the number of existing shares of corporate stock into fewer—and proportionally more valuable—shares.
www.investopedia.com
Thanks for some really good posts from some very smart people.
No thanks to the posters that just complain all the time, if you are not happy, I suggest you sell and move on.