"I'm sure that none of the posters here (whom I haven't got on ignore) do not need a wet nurse, but I cannot think of anything extra the company could have done to stem the leak."A pre-revenue start-up is a horse of a different company from established company.
The job of a CEO of a pre-revenue start-up is different from the job of a CEO of an established company.
We all know the importance of respecting the NDAs, both from the partner perspective and from the ASX perspective. We have already had our hockey sticks confiscated and upset a major North American Auto manufacturer.
If the SP is to reflect the true value of the company, it needs to be on Nasdaq. There are financial requirements to get on Nasdaq, and there are "probity" requirements. Our copybook has already been blotted due to the ASX reaction to the covert allusion to Ford. Management has chosen to tread wearily to avoid the ire of ASX. However, over the last year or more, we have had a continuous flow of good news, and on each release of good news, the SP has gone down.
We know that there are two licencees in the advanced stages of bringing out products containing Akida.
Our technology is becoming well known in the world of AI, a world which, it appears. largely excludes Australian stockholders (present company excepted).
To me, the current SP is inexplicable other than as a result of manipulation. We were the 7th highest shorted company on the ASX 200. Shorting, of course, does not affect the price, but it does serve as potential driver of manipulation.
I've previously suggested that, if Brainchip were a mining company, and each partnership and technical advance were a high grade core sample, then the Australian market would rate us more highly.
A few people have raised the issue of cash burn and the potential need for a cash raising. I'm sure this is something that the company monitors closely. We only have to look back to 2019 when the sales and marketing became jetsam in financial rough weather. But now we have a well-established ecosystem. We have been working with some major partners for several years, and possibly some of them have delayed their final commitment until they have tested Akida2.
But some of them are happy with Akida 1.
We have what I would classify as firm commitments or solid enthusiasm from VVDN, TATA Elxsi, Edge Impulse, GMAC, Lassen Peak and Teksun as well as the licences for Renesas and Megachips.
On top of that there are world class partners like Valeo, Prophesee, and rising start-ups in the ADAS field, probably the greatest driver of AI (AGI/GPT aside*) such as emotion3D and nViso, the latter two being in the field of the recently mandated European driver monitoring field.
We have engagements with cognitive radio companies like Intellisense and Ipsilon.
We are included in the ecosystems of major processor suppliers Intel and ARM, not to mention precocious upstarts like SiFive.
All this information has been provided by the company, much of it in the last 12 to 18 months, yet none of it has plugged the leak in the dyke.
The potential earnings from just a quarter of these would dwarf the largest mining company's earnings.
I'm sure that none of the posters here (whom I haven't got on ignore) do not need a wet nurse, but I cannot think of anything extra the company could have done to stem the leak.
*It will be interesting to learn how big a role in AGI Long Skip will play, possibly as a natural language analysis tool.
I don't know if you have me on ignore, but the company urgently needs to let us know if they are aware if either of out two licensee's have any orders for chips containing akida. I don't care who they are Valeo, NASA etc. I don't want any NDA's broken. But I simply don't believe that our licensees aren't keeping our CEO up to date on chip production that contains AKIDA.
We know that there are two licencees in the advanced stages of bringing out products containing Akida.
Do we? Why would our licensees spend $4Mill producing chips without a preorder? How many chips will they be making? Again, no one believes our licensees aren't keeping our CEO up to date.
No one is asking our CEO to break NDA's, But how can the CEO have a plan forward without this information? How can we invest in the company if the CEO can not paint an accurate picture of what is happening, and what contingent plans there are if things are not great.