Tony's email reply, page-8

Hi, Mdiddy
I think people want the result right now, and are not willing to appreciate the fact in tough macro economic condition that some delay in generating sales is quite understandable. The management said the word "extended" evaluation. not "failed" evaluation. this tells us that the customers have been in the process of evaluating as planned, but just taking a bit longer than expected. If people cannot appreciate this, it is fine for them to sell.

Right now we are all betting on CEO's word as he said "the coming quarter, the company focus on key sales targets and converting technical evaluation into paid licenses". If people can read this line carefully, I personally think it suggested that the technical evaluation has also been extended, but completed or almost completed by September Quarter. Because if the technical evaluations are still progressing at their early stage, how could the CEO suggest the company will focus on key sales target and paid licences.

Anyway, it is after all up to anyone for form their objective views, that's how market is formed.

Many people around me who bought BRN did not even know about the $2.5m Megachip licence fee receivable, or the $1m+ tax credit due Late December to early Janurary, or the fact that the company are still engaging with a communication company towards a potential IP agreement. All they can think is that the former CEO sold half of his position, plus brainchip only generated 1.18m revenue. That is what happens to people when limited research was done by themselves. And that is why I believe that a lot people panic sold and the market has over reacted just like what Tony has commented.