Give up on the feeble attempts at psychology.
Atlassian CEO Mike Cannon-Brookes has stated that most of the ASX tech companies were turned down by US investors. Many are here because ASX arguably has the least demanding listing and reporting requirements of any Western stock exchange. BRN was reverse listed on failed miner AZK
For the record no reverse listed ASX tech company has ever made a profit. In fact nearly all of those that listed during the 2015-16 boom are now either broke or on the verge of bankruptcy. BRN is no exception - zero tangible assets and enough cash to last just six months.
I bucket BRN because it deserves to be bucketed. I've never heard such a load of self-serving drivel from any other ASX company in entire my life. eg The nonsense about not wanting to be taken over (when nobody smart has invested a cent) is just hilarious. The fact that anybody thinks a bunch of third tier researchers trying to flog some outdated university research is worth billions is beyond parody.
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