Hi All
I am loath to bother stating the obvious because it will be attacked and lies will be spread far and wide for reasons that others need to judge but what the heck:
Fact 1: Mercedes Benz with a $72 billion market cap in a magazine article is reported as saying at CES 2022 that it is working with Brainchip trialling AKIDA technology in a concept vehicle not intended for production and makes some positive comments. Before these magazine reports can be verified the share price commences to rise terminating at $2.34 before commencing to fall.
Fact 2: OnSemi, Microchip and Infineon with a combined $122.10 billion market cap undertake joint demonstrations of their respective technologies working with Brainchip AKIDA technology at CES 2023 for a range of mass consumption use cases not concepts and company representatives of each come on publicly released Brainchip podcasts and go on record permanently confirming they are actually partnered for these demonstrations and speak highly of the individual outcomes and the Brainchip share price drops to 16 cents.
My opinion only so DYOR but the logic of the above is difficult to understand.
Fact Finder
Like some have said, Mercedes was a
big name.
Who's really heard of OnSemi, Infineon, or Microchip?..
If Samsung had of dropped something, I think it would have been a bit of a different story, although times aren't what they were.
Also the general vibe around BrainChip, from the general investing public, has dropped off a lot.
This is the case, with many speculative companies these days.
Being on Tsex, has also insulated us a lot from other investors.
High ranking posts, would get hundreds of likes, ranking at the top of HC and drawing more attention.
The Market environment now, is completely different, to what it was in 2022, on sugar rush highs, of basically Worldwide stimulus, due to Covid19.
Now we have the hangover of "high" (not really high, but painful) interest rates, brought on by "uncontrolled" inflation, which was already there, but made worse, by Putin's invasion (basically all the World's problems stem from the US's desire for hegemony over others).
In the current Market environment, BrainChip is a little like the kid who cried wolf.
We are basically in the "Trough of Disillusionment" and the only thing that will pull us out, is "Income Sensitive" news, whether that's IP deals or true "Household name" engagements.
As the nature of BrainChip's relationships with its partners and customers, are hard to quantify, we are left, with "watching the financials".
So far, there hasn't been much to see, so the Market doubts us.
They have erroneously, put us out to pasture.
Just my simplistic views.