Ann: Response to ASX Aware Letter, page-198

@anklos
In your hypothetical, notifying the market about your intent to sell to drop the sp, to reduce the worth is also an equally likely situation.

@goldbear77
If you look at 1ronnies posts, he made a thread in BIQ using BUD as a reference to ramp BIQs worth as a company.

@1ronnie
In all your posts you disregard that Dave has said not to expect any meaningful revenue yet, that's the only rebuttal needed to your posts. Are you trying to get people interested in BIQ? That's how your approach has come across.
'Confirmation bias', ironically, is what you've demonstrated multiple times in this thread, a few examples are;
1. Disregarding alternate information offered that shows youre incorrect and only use your own incorrect interpretation.
2. Assuming the reasoning for our defence is 'faith', insulting everyone who doesn't agree with you, insinuating we must be incapable of our own research.
3. Telling others to dwell into details, which you've obviously failed to do
4. Expecting us to thank you, when you've added nothing productive to this thread. Did you interpret goldbear wanting to stop repeating himself as giving in to you?

We need to be aware of confirmation bias? No, confirmation bias, as all bias, is the incorrect result from a mental shortcut known as heuristics. It's not the bias we need to be aware of, it's the heuristics that lead you to the wrong conclusion.

On a side note; that's an interesting statement to make in spec stocks, considering this is an area where human risk aversion is prevalent, constantly demonstated by those who are comfortable making high risk decisions (e.g. long term holders), and those that make low risk decisions (e.g. Trend followers and blue chip holders). When you account for different heuristics, behavioural economics and behavioural finance, you can see why people value something like BUD over something like BIQ.

A. Effort Heuristic) Is attributing worth to something based on how long it took to produce.
(Bud through 2 failed takeovers, developed their own tech, they had more to lose on that risk. Biq - bought already established and working tech - very little risk on development, minimal effort required.)

B. Fluency Heuristic) How fluently or elegantly an idea is communicated, the more seriously it is considered seriously. (Bud - uses sensors to measure utilies to save cash, pay us an amount to use our product, which will be less than what you save, resulting in you saving money. Anyone can understand that. Biq - Uses AI, people don't understand that because they don't understand AI)

But, in the Tl:dr appeal

It's a spec stock and it's impossible to fully analyse these stocks as they arent predictable because people are unpredictable, moreso when they're trying to predict the behaviours of unpredictable people to make decisions, you end up relying on a heuristic called social proof, which results in herd behaviour.

Wow this post got long.