rgupta
Regular
Bravo anything can happen but whether you like it or not the timing of announcements are very bad. There was pressure on sp because of Anil news, then .4 million annual revenue only, then 40 million on market sale and still that may not be sufficient for 20 million drawdown before June 2025 and then moving to US.I'm hoping that Sean can tee up a cornerstone investor, such as Arm, prior to transitioning from the ASX to NASDAQ (or elsewhere).
It would do wonders to improve market credibility and investor confidence. How many more institutional and retail investors in the US market would be willing to invest if they see a well-known industry leader backing our company?
It would also help to open more doors for joint ventures, licensing deals, or integration of BrainChip’s technology into major products.
I think shareholders should be asking if this strategy is being vigorously pursued. I have asked both Sean and Tony Dawe on previous occasions if a cornerstone investor was something they would consider and they seemed open to the idea and may have already been weighing up options for all I know.
Then on March 7 we may be out of asx300 as well. As on date there was no time when brainchip made any announcement during on market sell off. We are continuous on market sell off for almost last 2 years.
I donot know what is the plan with the management but in last 3-4 years since Sean is incharge management looks out of ideas on sp. If you look at decisions made by current management it looks more favourable to shorters than to holders except that small window of opportunity during mercedes news even at that time a lot of effort was made by shorters to raise the sp to 2.34 and then start shorting to 15 cents.
There is no doubt we have a world class technology but do we have a world class management? I will say that raises questions upto now. Let the management proved their worth to holders otherwise they are losing it in a big way. No one wants to invest with weak leaders. Now the ball is in Sean's court to prove his stretagy is working otherwise I donot think either we are moving to US or Sean and tema is staying as incharge of show.
Dyor