Kachoo
Regular
There is alot of misunderstanding in regards to the short cover.
The shorter covered the shares buy closing out the contract with the institution. They could have covered the short a month earlier but held the shares to keep pressure on the stock. They did not have to buy back that day and actually if they buy that day there is a t+2 settlement. Before they even own the share to give back to the institutions.
There is no magic in the daily volume vs day closed two different things. There was plenty if days that total shorted exceeded the volume traded vise versa.
We are at the end of the short campaign they clearly dropped the price bellow what many thought. From this stage on there will be less liquidity on sales tighter floats. The LDA shares will likely get absorbed by the institution that shorted the stock to cover maybe the rest of the shares and maybe take some long positions imo.
There really is a limit to what the price can drop for BRN im sure if BRNbwalked to Nvidia today and said take over my company for 500 million USD they would likely do it hands down IMO that's 42 cents AUD would you all be happy with that out come if it came to it? Likely not so despite what fear mongers are saying about solvency and value lack of sales you need to realise there is value in Akida more then we likely can accurately measure.
2 IP sales raised 5.5 million dollars they did not spend the money just for kicks and Imnsure Megachips had plenty of time to play before they even committed to the product.
The lack of buying is really 2 things.
1. Investor confidence no new money coming in to invest.
2. Fear driven tactics and poor communication and value identification.
The SP will likely be we north of these prices before we see revenue on ink. The parties that drove the price down will drive it up. But again some are very cautious and want to see revenue before they buy shares or invest more thats fair and that comes at a premium.
Your basicly buying a bucket of dirt here that may or may not have gems in it. If you knew there was a Gem in it after the fist 5 % was removed the price of the rest of the bucket goes up and you are out that gem. It is a risk the biggest risk was the technology and its adaptability.
There has been plenty of positive feed back from many Tata included so in my mind it's only a matter of time before you see some ink.
The shorter covered the shares buy closing out the contract with the institution. They could have covered the short a month earlier but held the shares to keep pressure on the stock. They did not have to buy back that day and actually if they buy that day there is a t+2 settlement. Before they even own the share to give back to the institutions.
There is no magic in the daily volume vs day closed two different things. There was plenty if days that total shorted exceeded the volume traded vise versa.
We are at the end of the short campaign they clearly dropped the price bellow what many thought. From this stage on there will be less liquidity on sales tighter floats. The LDA shares will likely get absorbed by the institution that shorted the stock to cover maybe the rest of the shares and maybe take some long positions imo.
There really is a limit to what the price can drop for BRN im sure if BRNbwalked to Nvidia today and said take over my company for 500 million USD they would likely do it hands down IMO that's 42 cents AUD would you all be happy with that out come if it came to it? Likely not so despite what fear mongers are saying about solvency and value lack of sales you need to realise there is value in Akida more then we likely can accurately measure.
2 IP sales raised 5.5 million dollars they did not spend the money just for kicks and Imnsure Megachips had plenty of time to play before they even committed to the product.
The lack of buying is really 2 things.
1. Investor confidence no new money coming in to invest.
2. Fear driven tactics and poor communication and value identification.
The SP will likely be we north of these prices before we see revenue on ink. The parties that drove the price down will drive it up. But again some are very cautious and want to see revenue before they buy shares or invest more thats fair and that comes at a premium.
Your basicly buying a bucket of dirt here that may or may not have gems in it. If you knew there was a Gem in it after the fist 5 % was removed the price of the rest of the bucket goes up and you are out that gem. It is a risk the biggest risk was the technology and its adaptability.
There has been plenty of positive feed back from many Tata included so in my mind it's only a matter of time before you see some ink.
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