Dare to anyone to justify $1bn valuation with numbers, page-41

The thing I find interesting is that all the Lone Rangers have turned up here today when the share price has dropped a little.

Why do I say a little because when we were in the high forties all the long term holders were flirting with the idea it might make 50 cents well before Christmas.

After it made 50 cents it continued on its slow rise and past 60 cents on the back of solid news about Magik-Eye. Then we had the NASA confirmation which took a little while for the rest of the market to wake up and in the interim we pushed up over 70 cents then wham and we head to 97 cents on the back of over enthusiastic investors.

I say over enthusiastic because long term holders of BRN have literally had years to research and try to understand the technology. For goodness sake the company could not sell an earlier product called Studio because the under pinning science was and is so revolutionary the engineering community had never studied it because it was not invented when they were in University.

So is it any wonder that these new investors when the share price pulls back a little panic I probably would in their shoes.

Some on here praised me for trying to help new investors by answering there questions but I was acting out of self interest hoping that some would learn enough quickly enough to go and do their own research and then have the confidence to hold tight when this happened.

The pre over enthusiastic price in my opinion only was in the 74 to 78 cent range and when it dropped into the 60 cent range I could not resist even though I have enough.

So back to the original point dropping from where the price should have been 74 to 78 back to 65 to 66 is not the tragedy the Lone Rangers suggest.

Long term holders are not affected. AKD1000 will still work the way it did when the price hit 97 cents. NASA will not be on the phone to BRN saying we heard your share price dropped to 65 cents so we have decided your technology does not work. Professor Marshall will not resign because the share price dropped to 64 cents.
The CEO will not be concerned because the early access customers and POC customers have heard and cancelled their contracts.

I had a look at my watch list where I have CBA, ANZ, NAB & WBC listed and they are all down today. Most retail investors there probably rely heavily on the dividends to meet living expenses a much more deserving group to be warned by the Loan Rangers of the extreme danger posed by a drop in share price but know lucky for us the ignorant and oppressed risk takers they have made it their mission to save us or more likely to manipulate us for reasons only known to themselves.

By the way I left out Ford and Valeo because it’s obvious these huge multinational companies would be much more concerned with BRN’s share price on the ASX than its leading edge NASA sort technology.

For the less well educated Lone Rangers in this last paragraph I am attempting the use of irony.

My opinion only DYOR.