DaBenjamins
Regular
Wise words there FF, great job! Steady as she goes.Hi Baisyet
Don’t get me wrong I love it when Brainchip or any of the companies we are invested in delivers good news.
But where Brainchip is concerned I am not fixed to the idea that good news only comes via the ASX.
Someone posted earlier that the last good news was MegaChips and that was three months ago. That poster should have added the last good news via an ASX announcement perhaps but even then this would not have been accurate as we have had:
1. The 4C only a couple of weeks ago showing the Revenue increase from $100,000 to $1 million.
2. The earlier notice that the LDA Capital put option exercise at record BRN share prices to raise $15 million.
3. The appointment of a world class Head of Marketing.
4. The appointment of a world class Non Executive Director Pia Turcinov
5. The successful completion of testing of AKD1000.
6. The release of the three different AKIDA based products for purchase concluding with full commercialisation and volume production of AKD1000.
7. Multiple patent grants.
8. The US Airforce Research project.
9. The grant of DTC Eligibility.
10. The Top 20 Shareholder list confirming German institutions have been buying up Brainchip shares.
Then we come to not announced on the ASX information and how much better can it get than having Mercedes Benz acknowledging the brilliance of Brainchip’s AKIDA technology and the CEO of Brainchip saying in one video Mercedes is a customer and in the next saying he is not permitted by Mercedes to talk about the relationship.
Well some might think it did get better because Rob Telson Vice President of World Wide Sales said NASA is looking at vision and other applications which he is not allowed to talk about and Anil Mankar confirmed that NASA would require it on 90 nm.
So it is untrue to say it has been three months since a good ASX announcement or any news.
The truth is when the share price moves down investors become nervous and this nervous makes for impatience but it is always important to realise this and look to the facts.
When I was cross examining I became aware that humans and time are strange bed fellows. We all believe we can judge a long time and a short time but we cannot.
In the law the longer you have to observe something the more reliable you will be considered to be as a witness. So under cross examination I would try to tie the witness down to seconds or minutes. Once they were locked in I would ask them to watch the court room clock second hand for that stated period of time. Even 20 seconds seems an exceptionally long time in that situation and usually they would concede that the time they witnessed the event was not that long.
The point is under stress time drags. When the price drops and you see your investment diminish you are under stress. Time drags and distorts. It is just another of our human flaws. In high school science they used to teach that human skin is an unreliable temperature sensor. Unlike AKIDA we are not perfect.
So my short answer is while I love good announcements I am not hanging out for one nor am I worried AS NOTHING HAS CHANGED EXCEPT the markets are worried about Russia and interest rates.
Brainchip is not based in the Ukraine and does not have any debt. So as I say I am not worried.
My opinion only DYOR
FF
AKIDA BALLISTA