While we are in wild speculation mode (to pass the time)...
What if:
They are having trouble kicking deals over the line because nobody is prepared to take the risk investing in a first to market new-technology from an unproven company (for example: safer to use inferior technology from an established technology provider than superior technology from a start-up. If things go tits-up you've got more chance of recovering from a big player like NVIDIA, IBM, INTEL, etc. and you won't lose your job for taking a punt).
So, one of their smaller customers has developed a winner (using Akida IP) but doesn't have the financial clout to bring it to market. BRN has decided to partner with them to make it happen - hence the cash-raise. If it is a game-changing technology that could really demonstrate the power of Akida then it would be a massive proof of concept and market validation. That would de-risk larger players adopting Akida.
How's that for pure speculation?
Or, it could just be a garden variety cash-raise to give them more runway.
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18.0¢ |
Change
-0.015(7.69%) |
Mkt cap ! $353.2M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 17.8¢ | $2.552M | 13.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 753863 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 423608 | 5 |
View Market Depth
No. | Vol. | Price($) |
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16 | 753863 | 0.180 |
55 | 1922318 | 0.175 |
83 | 2084945 | 0.170 |
49 | 1226154 | 0.165 |
73 | 1321265 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 423608 | 5 |
0.190 | 445356 | 6 |
0.195 | 487498 | 4 |
0.200 | 568700 | 12 |
0.205 | 707978 | 11 |
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