Iseki,
1. I appreciate that you have concerns, and in particular about the decline in our share price over time. I have a substantial holding in BRN and I am also concerned about the decline ... but not worried.
2. A lot of shareholders are of the mistaken belief that the company management is responsible for the share price movement up or down. To quote our management - "The share price will do what the share price does." The management's job is NOT to try to manipulate share price up or down. I believe that this would be illegal.
3. I think you may not be fully appreciate the importance of NDAs. Without them we would not have relationships with a lot of major companies that we work with. In part, this is the reason that many contracts are deliberately written to include clauses in which certain conditions have to be met first. After all; in the developmental stage future revenues are unpredictable, and we must support and nurture these relationships in order for them to blossom.
We all hope that the share price will turn around soon. I am looking forward to seeing each new 4C which may herald the return to better share prices. Another 4 or 5 weeks to wait for the next one. lol
Cheers, Deena
Hi Deena,
I am wondering what your thoughts are re: the adoption of Gen 2 Akida..
Are you expecting any new IP licensees this year?
What’s your view on performance of management? And how do you measure that?
If positive, would you be expecting early adopting partners like Valeo, Socionext, Ford, Vorago, Renesas to be producing revenue with Gen 2 by the next AGM?
I’m asking because as we stand, it is difficult to quantify for most retail shareholders based on revenue and number of Licencees of Akida, whether the last 12-18 months performance by management could be considered a success or not..
And based on voting at the last two AGMs, it seems shareholders are growing impatient with our Founder and not unanimously accepting of the remuneration report last year.. There seems to be negative consequences of keeping the status quo if so by the next AGM..
So I’m wondering what gives you confidence that I and others have been unable to sustain? Because the only thing I can really come up with is that you know more than most retail shareholders..
The caveat on that if it were true, having known some people on boards of companies myself, I’m of the opinion that “knowing more” rarely translates to successful outcomes with investing..
Therefore I’m curious as to your research and potential connections giving you more conviction, or have you fallen ill of believing a narrative that to others seems to have too many contrarian red flags to become an eventual success..
I’m just an anonymous poster with an opinion on a chat forum…