Ann: Appendix 4C and Quarterly Activities Report, page-35

It is hard to understand and the fundamentals will hold share price underwater, the revenue is increasing on a trajectory that shows growth Inspite of horrible tech macroeconomics. After today's response to the 4c it might be another drop down to the 50s medium term. But they are making serious inroads and when superior products come, only because of Akida, it will continue to snowball. The 1500 chip tape out I was not expecting but knowing it is 22nm indicates to me that more potential licensing partners want it but they want it smaller, whatever these smaller devices are you guess (I got my suspicions and they are red hot based on the new chip size and emerging partners). That means big names are enthusiastic but they want Akida a certain way and Brainchip are very quickly accommodating their requirements. As of today and the next 6 months I am not at all worried about SP dropping another 20 percent. I will be looking at further developments in partnerships and seeing how they have developed software and adapted Akida architecture to suit their needs. Sorry to to the day traders this is a medium to long term holders stock and your concerns are valid. But if your a good long term trader you should be optimistic about the news that came out today.