I agree with robsmark and we have to face the reality of our current situation. The first generation didnāt meet the expectations and it failed commercially. Any anticipated revenue deriving from the first gen is therefore non-existing. It was our only product meant to yield significant revenue and it completely changes the anticipated need for funding.
Itās unlikely that weāll see significant revenue anytime soon and we can be certain that our first gen hasnāt been used by Valeo for the Scala 3. On one hand we can see it on the factual side of not receiving any preliminary payments on the other hand wonāt any company use a product thatās ānot robust enoughā to risk peopleās lives at high speeds relying on this technology.
Whatāll come next most likely is some kind of funding. Wether itāll be a private placement, a cap raise or another deal like the one with LDA Capital, only time can tell.
We will hit lows, probably even new lows as soon as this happens. Even holders who entered sub 10ct will end up In the red.
From there on itās just gambling. Weāve made a lot of dot joining, analysed every sentence made by the management so far but no dot, connection or promise made by the management turned into something material. Collaborations, partnerships, university programs and presentations are all useful to spread the word. However, as a listed company this simply isnāt enough. Weāre not a university or government department. All that matters at this point of time is revenue.
Will the management finally deliver or are these statements made in the podcast hollow words once again?
Our only hope left is that the second gen is too good to fail. So good that other companies decide to adopt and to integrate it. Not evaluating it, not doing joint developments, or creating toolkits. Adopting and integrating it. If this isnāt the case BRN is one more failed unicorn that couldnāt live up to its promises.