Every now and again (quite often actually) we get a Fact Finder classic. Below I have reproduced a classic by Fact Finder from June last year when he 'cross-examined' Marcus Burns after his statement on Livewire Buy, Hold, or Sell, where Marcus said "Who knows what a neuromorphic chip is anyway". As a matter of interest the closing price for BRN on that day was 58.5 cents.
On Livewire 4/6/21 Buy, Hold, or Sell
https://youtu.be/0fE66qKgzCk
Ally Selby: I’ll start with you, Marcus. First up we have Brainchip Holdings (ASX:BRN). It’s share price is up a whopping 650% over the past 12 months. Do you think it is a buy, hold, or sell?
Marcus Burns (SELL): (From Spheria.) I think it’s a screaming sell. The business has no revenue, has $15 million-plus of costs. Who knows what a neuromorphic chip is anyway?
Ally Selby: Chris over to you. Do you think it’s a buy, hold, or sell?
Chris Stott (SELL): (From 1851 Capital). It’s definitely a sell. Yeah. Less than a million dollars of revenue, they’ve probably got a year’s worth of cash in the bank. So, if I was them, I’d be out there raising money right now.
Dam it Rob I just have to take the cheap shot and I tried to be so sophisticated about these posts but its the cross examiner in me coming out just cannot put him to bed:
FF. "So Marcus is it correct you have no idea what a neuromorphic chip is?
Marcus "Yes."
FF. "Have you any idea who NASA, Renesas, Ford, Valeo, DELL Technologies and Socionext are and what they do?
Marcus "Yes."
FF. "Well can you tell us how you know about them?"
Marcus. "Well as part of my general research as a portfolio manager I make it my business to know about the major players in the technology world."
FF. "Would it surprise you to learn then that NASA, Renesas, Ford, Valeo, DELL Technologies and Socionext have in the last 18 months all engaged with Brainchip and have either entered agreements to use, market or test the AKIDA technology offering from Brainchip?"
Marcus. "Sorry what do you mean? I didn't know that."
FF. "Would it surprise you to hear that Brainchip has entered a partnership with a Japanese company Magik-Eye to jointly develop and market their 360 degree vision system that can not only see but provide depth perception?"
Marcus, "No, I have never heard that."
FF. "As part of your in depth research that you do does it extend to reading ASX price sensitive announcements made by companies?"
Marcus, "Yes."
FF. "Did you read the Brainchip price sensitive ASX announcements before expressing your opinion this morning?"
Marcus, "Not sure. I probably would have."
FF. "Do you recall reading one covering a partnership with Biotome by any chance?"
Marcus, "Biotome not sure. What do they do?
FF. "I am here to ask the questions Marcus your job is to answer them. Have you heard of an Israeli company NaNose Medical and its revolutionary sensor that can identify 17 different cancers using a handheld device?"
Marcus, "No, I am not sure."
FF. "Would it surprise you to learn that Brainchip is a Strategic Partner with NaNose Medical?"
Marcus, "Yes. Look I don't want to answer any more questions.'
FF. "Why is that Marcus."
Marcus, "Isn't it obvious I am making myself look like an idiot."
FF. "Point taken. No further questions."
My opinion only DYOR
FF
AKIDA Ballista