To date no one has been able to find any fault with the Pitt Street report. They mainly rely on fact based information and interviews with key management.Yeah they are looneys but so are people that believe that Pitt St "research" valuations hold any weight. They are a report paid for by Brainchip to promote the business and increase awareness/investment into the company. Take them with a grain of salt.
If they were dodgy they would be out of business by now.
They provide reports for uncovered and under the investment radar companies and are aimed at the larger investment community.
They recognise that AI at the Edge is new and is about to embark on exponential growth and that BRN has a stellar patent portfolio. The $1.59 value is basically the patent value with any later deals and business growth thrown in.
Basically everyone connected with BRN knew/knows the patents alone are very valuable. BRN just had to get Pitt Street to tell the investment world.
The down rampers/shorters over on the crapper have a Financial interest in a falling SP so they bury talk of patent value and flog the no revenue angle.
Even if deals are signed off later this year BRN may be only able to release limited information.
I suspect some of the shorters have many accounts. Some posts of late amount to psychotic rage filled outbursts.