Food4 thought
Regular
You say the timing sucksBravo anything can happen but whether you like it or not the timing of announcements are very bad. There was pressure on sp because of Anil news, then .4 million annual revenue only, then 40 million on market sale and still that may not be sufficient for 20 million drawdown before June 2025 and then moving to US.
Then on March 7 we may be out of asx300 as well. As on date there was no time when brainchip made any announcement during on market sell off. We are continuous on market sell off for almost last 2 years.
I donot know what is the plan with the management but in last 3-4 years since Sean is incharge management looks out of ideas on sp. If you look at decisions made by current management it looks more favourable to shorters than to holders except that small window of opportunity during mercedes news even at that time a lot of effort was made by shorters to raise the sp to 2.34 and then start shorting to 15 cents.
There is no doubt we have a world class technology but do we have a world class management? I will say that raises questions upto now. Let the management proved their worth to holders otherwise they are losing it in a big way. No one wants to invest with weak leaders. Now the ball is in Sean's court to prove his stretagy is working otherwise I donot think either we are moving to US or Sean and tema is staying as incharge of show.
Dyor
And I feel that it appears to be that way
But why would they ask LDA to get rid of the shares at this time ???
Is there a big reason or announcement coming from say Nintendo, Mercedes, or Meta or any other company that has a finger in our pie ….
To me there is a big fat reason for the news all at once.
But my crystal ball is very foggy right now
Just hang in there and hold Tight