2020 BRN Discussion, page-19337

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Slade2020

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01/12/20

19:44

Post #: 49277016
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Originally posted by JohnnyLeota: ↑

I have a small holding in this stock as I do TLG, CRO and DW8. I have the majority of my holdings in large market caps so this is purely “gambling” money. One thing that is entirely consistent with these penny stocks is the standard of management and communication. Also every thread for these penny stocks on HC are full of dilberts joining imaginary dots and excusing diabolical management. It obviously stands to reason that if they were high caliber they’d be at a larger company (most of the time). BRN as it stands is a company with little substance and some terrible leadership. PVDM is a boffin with little to no business sense and from what I have seen the last few months LDN is at Brainchip because this is his level, or it was. I don’t often comment but these threads seem fairly popular these days and penny stock investing seems to be the flavour of the month.
These boards seem overrun with people who are adamant that their stock will be “the one” and love to promote as such. You make outlandish claims about market cap with little evidence or research and you get 100 likes and 10 lightbulbs. You state the obvious ie Brainchip has little to no revenue, and has a history of letting its shareholders down and you get shouted at.
You all seem to think having a DYOR at the end of your post absolves you of any and all but it doesn’t.
Hopefully amongst all the rubbish in these threads this post is read by lurkers or people unsure if Brainchip is the real deal.
My answer to that is - do not invest anything in Brn that you can’t afford to lose, if it’s play money go for it but if you are relying on this company to fund your retirement you’re a fool. Now I hope I’m proven wrong and my shares find my early retirement but I’m not holding my breath. Another broken promise today and more of the same from posters excusing it. This is a $570m company. There is no excuse they can use to miss dates they listed themselves, to their owners. Inexcusable and symptomatic of mediocre executive level management. My belief is the best bet for this stock is to commercialise the chip and be bought out. Depending on the revenue attainable within the next 12 mths I wouldn’t be expecting the buyout offer to be in the tens of billions that some of you are purporting.

excuse the spelling and grammar I typed out on phone while making dinner for four kids.

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Lot of Wisdom in what you write. Couldn’t agree more.

BRN Price at posting: 34.5¢ Sentiment: Hold Disclosure: Not Held
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