BRN hurting now because people jumped on the bandwagon but next year or two they have too actually sell chips. X20 revenue they would have to be selling 50million in akida chips to justify the market cap, still a while away from that - 1 billion dollars. Also that valuation is for companies that have established themselves as a mainstay in the industry.
WBT have said already said that NRE - non recurring engineering - for a customer, can considering the annoube in the millions plus licensing. If and this is just a guess, 1 million NRE plus 1 million licensing, that's 25 customers to justify a billion market cap. Once the first customer is on board, others will come - just to remain competitive. Considering the announcements this process is likely to begin in March next year. Will be massively accelerated mid next year when discreet memory chips are being demonstrated.
The run we had had to do with a combination of being well funded till delivery, decreased risk, positive announcements, and the market anticipating value. It was more rapid than I expected, a post I made when the options came into the money, I sapersonally id I expected 50's to be a resistance but the hype caught on. Still people could be taking some profit from the cr.
Personally not worried about ups and downs.. waiting for mid 2021, but think the psychological factors will kick in new years day. Been reading posts here for many years, we are on the cusp oof coursef something great. To be part of a ubiquitous game changer technology - on the asx - man I can't wait.
Of course all in my opinion, dyor, I obviously hold, gltah
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