2022 BRN Discussion, page-4813

A thought bubble.

The current market cap is 3.01 billion Aussie dollars.

On Friday BRN share price dropped to $1.67? but despite the fear and panic in the US Markets decided to recover to $1.76 at close.

It was not unexpected that the US markets would continue to sell off and that US tech stocks would be significantly affected by fear of the Fed raising rates after close of trading on the ASX.

Everyone with a pulse was aware that US and Russia were biting each other’s heals over the Ukraine. For goodness sake even North Korea felt so left out it tried to make itself relevant with some sort of rail missile launch thingy.

So what gives with Brainchip???

Why the late recovery against the market trend on the ASX that played out all day Friday and with the spotlight clearly illuminating the Issues coming out of the USA???

I and anyone who read Doz’s post knows that when he inspected the share register a German Institution had at that point accumulated 59 million shares. I believe from information received there is a second German institution in play but do not know to what extent.

Then there are all the likes that ManChild found. As someone else pointed out at the very least it means that many people in large companies of the type that Brainchip are looking to sell IP too are aware and prepared to expose this fact on a public forum.

What does this all mean???

Will a further sell off occur on Monday???
Will the price hang around present levels or
will it move up???
My guess is as good as a coin toss so will not venture an opinion.

What I do feel comfortable opining is that when we do get another full blown commercial engagement announcement be damn sure you have your PLAN sorted and agreed because there is growing awareness of where this Brainchip bus is heading and it ain’t to the local shopping centre to pick up a few aged pensioners.

My anonymous not to be believed opinion only so DYOR
FF

AKIDA BALLISTA