SERA2g
Founding Member
Following on from this post, I think that management has fumbled the ball here.Sorry for jumping on the back of your post again @charles2 but hang on…. Isn’t this release from BRN stating that Akida has been intergrated into Quantum Ventura’s Cyber Neuro - RT (CNRT) offering. ‘Offering’ to me means it’s available. ‘Integrated’ in the context of the release means to me that Akida is inside a product. If CNRT is available it can be bought with money. Quantum Ventura say CNRT is the only show in town.
Now I’ve been punched in the face for the last 7 years as a BRN holder so I might be punch drunk but this is great news, right? Money must be involved somewhere after a sale. Surely this is worthy of an ASX announcement. Akida is in a product that is ready and available. Yeah, yeah the edge box and other trinkets but surely this is bigger and what we have been chasing.
We were blessed with a 'press release' in May 2023 confirming that Brainchip and Quantum Ventura were partnering to develop the CyberNeuroRT offering.
I can understand why this was not an ASX announcement at the time, although, they wouldn't have been the first company to release this sort of news as non-price sensitive had they chosen to do so.
Fast forward to todays' press release, it seems to me that akida has been officially and successfully integrated into the CyberNeuro RT offering. It also appears that the offering is commercially available.
Management seems gunshy to release anything for fear of the ASX compliance team and it is quickly hamstringing the accretion of the company's value.
We're told there's NDA, customers don't want to give up their secret sauce, blah blah blah, but we're talking about a company that was happy to be publicly released as a partner and shows one of our boards as part of their solution on their own website.
I can't see how they couldn't have dressed this up with some lipstick and walked it into the ASX office for a non-price sensitive announcement at minimum.
Edit: The annoying part about today’s press release is they say “today announced” and then refer to the “previously announced partnership”
It wasn’t previously announced and the integration also hasn’t been announced. In my mind, press releases do not count as an 'announcement' because the only people that read them are the people already invested or closely following the company. The fact they're still using the word 'announce' despite not having announced anything really bugs me. End rant.
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