Ann: Appendix 4C and Quarterly Activities Report, page-177

At this point in time I fail to see what the downside risk of this company is. down rampers are either legacy ASX investors with a poor understanding of future tech value, stuck in short positions, or paid.

We knew that this 4c would contain little revenue, the next one will likely be the same. In an established company that a worry, but for a company (this company) which has literally just finalised and validated it’s product, it’s expected. We know that the market has an appetite for Akida, it already has two commercial contracts. We know that big industry players are testing/incorporating Akida into their products - Mercedes, and the EAP customers have confirmed this.

This past year the company has seen some very respectable industry experts join us, Rob Telson, Sean Hehir, and most recently Jerome Nadel. Experienced Silicone Valley industry experts like these would not risk their reputations on a start up with no future. Current opportunities in the company (HR lead, engineers, etc.) indicate that the company is expecting significant growth in the near-term.

The company has recently upgraded it’s US premises, significantly increasing its office and warehouse floor space. Think about this - if you were pre-revenue, you’d be careful with your cash, so would you upgrade your building unless absolutely necessary?

Speaking of cash - five quarters of cash ready in the bank at the end of last year, plus another year from the LDA agreement. That gives us 27 months of continued operating cashflow without the need for any cap raises - Add this this future revenue streams, and you realise they’re very well positioned.

So what have we covered?

- R&D: complete (at least for our current market offering)
- Industry validation: complete, internally and externally
- Team: assembled, exceeding the expectations of most
- Commercialisation: commenced. We have customers, market interest, and a a building fit for a much larger organisation

Let’s not forget to address our market reach. We’ve all heard it 1000 times, Akida are 3 years ahead of the competition. NVIDIA, Intel, ARM, etc., collaboratively pumping billions into R&D to develop their own neuromorphic chips, and we have one market ready. Not only that, but we have multiple patents in place, both protecting our IP, and making it harder and harder for our competitors to close the gap. Someone recently posted (apologies I forget who it was) their justification of Brainchips Market Cap - their argument was that if a company was willing to spend $40b+ a year developing a neuromorphic chip, what is the value of this chip once developed, validated, and commercially available? Obviously more that the development cost or it wouldn’t have been worth the exercise. We have that chip and our MC is less that $3b - what do you think our future MC potential is? It doesn’t take a mathematician to work that out.

Mercedes publicly stated in a recent article (again, apologies to the poster and credit their way), that they had tested Intel Loihi, and opted to use Akida. Think about that, a respected tier 1 automotive manufacturer tested the chip of a near $300b (aud) company, that has spent billions developing it, and decided to use Akida. Wow!

Cathy Woods predicting trillions entering the IOT, edge computing space over the next 8 years, and here we are first in class, best in class, ready for market with a dream team thirsty for success. Anyone questioning why this company hasn’t been bought out, and claiming it’s because nobody wants it should read this paragraph again and engage their brain. The idea is preposterous, it’s like running a marathon in first place, then dropping out 10 meters from the finish line.

Every regular on this forum is positive and excited, this isn’t cult behaviour, it’s confidence in their investment.

Akida ballista.