cheer up chippers,
Rumour has it that we have never lost a customer from a technical evaluation, there will be an explosion of sales and we should watch the financials, Sean has got some news for Christmas or just after, as in watch us now???
Ok sarcasm to the side, clearly there is progress and we are watching the reality in real time, whilst being frustrated with our own time expectations, fuelled by the types of comments per the above rumour.
Clearly, as accepted by management at the last AGM, and the one before that, communication to the shareholder base has been poor and will be improved. For the life of me, I cant understand why there are not regular, well worded updates, that don't name drop or break the rules, but give us beggars some confidence in the positive traction of the organisation.
I've noticed quite a few job vacancies at Brainchip, are they new hires or replacements? I know there are lots of reasons staff move on, but if your working on the latest gadget, with a technology and market lead, coupled with plenty of reward when the orders drop??????
Also as Sean says, the company is mostly engineers and scientists, isn't that what he says? How many is employed now? more than 50? Simplistically, I presume the scientist's are developing and the engineers are supporting the sales, existing customers and of course the scientists. We cant be charging much for our engineering support at the moment.
Of the $400K revenue, is it reasonable at this point to guess 75% is engineering, say $300K. At $100 an hour over the quarter, that amounts to say 7 engineers charging 35 hr weeks. (thats $100 bucks an hour for cutting egde tech support, geez a plumber in aust will charge you that). What I'm saying is for my eyes, theres not a lot of traction just yet for chargeable work so at least for that qtr, we seem still in the business of giving shit away.
One more vent. The report did it's job, consolidated retty much what we knew into a couple of paragraphs. Leaving that again to one of the last days allowable, to me just feeds the downrampers and manipulators on the leadup. it also feels to me, just a personal opinion, like a kid running late with homework and providing the minimal and basic to get through. Another missed opportunity for mine. The BOD know the shareholders are starved, the BOD have promised better. It could have been provided earlier, and in addition to the mandatory requirements, a well drafted
Sales, Technical and Company update, without breaking the rules, faaaaark, marketing 101.
Yes it's a good time to top up, the leader of the opposition has given the nod to grab a few more, but I'd much rather be looking at green than trying to average further down.
Ok Rant over, apologies everyone, feel free to use the ignore button. It must be 5 o'clock somewhere, as I said, cheer up chippers.
) that just don't seem to quite pan out, along with the necessary but virtually continuous dilution with an ever expanding SOI, just to keep the doors open, whilst our management pays themselves as if we were already making break even revenue or better, is straining the good will of many.
