"With such revolutionary and disruptive technology, I could easily see BRN being worth 100 times what it is today over the next 10 years. And I know there’s a lot of other people out there that can see it too".
You are absolutely right. The share price is where it is because "lots of other people" can "easily see BRN being worth 100 times what it is today".
What you have omitted is why so many people believe this.
In my view, a large part of this belief is due to lots of vulnerable and gullible people falling for the unrealistic frenzied hype being spread across social media and stock market forums. No doubt some of the people posting this stuff on social media are making a pretty penny at others expense. Someone needs to be their bag holder right? This is the exact thing that ASIC are currently trying to crack down on.
Can BRN end up being very successful? Of course. However, I would suggest this is still a very risky play and BRN has its work cut out for it. The competitive landscape is ferocious out there.
Unfortunately, history and probability say there is a significant chance BRN will fail and join the many companies in the tech startup graveyard…
BRN Price at posting:
95.5¢ Sentiment: None Disclosure: Not Held
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