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04/12/24
09:50
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Originally posted by BaulklikeGresh:
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That’s brilliant actually. It doesn’t account for the below though which is what concerns many shareholders. It doesn’t quite address the near or actual zero revenue from Renesas 4 years, Megachips 3 years, when coupled with management statements expecting it in that time frame.. A co founder who invented the tech and understands it as well as anyone, expecting revenue. A new CEO 3 years ago employed for that specific transition to aggressive commercialisation who has also said he expects signed deals and revenue by year 3-4 of a 5 years ago plan.. 2024 make or break.. Does that mean 2024 has been break.. There’s no reported deals, none evidence of revenue, and zero communication on progress from the company. Zero! No shareholder could definitively tell you what BRNs 1,2,3,5 year plan is, nor where they’re at with any of their partners and customers.. Yet other line type listed companies can do that which simply reflects poorly on Brainchip.. That is simply the reality here..
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It's not uncommon for an owner to be overly bullish on their product - they can see the benefits while the end users discover the realities. If you recall the discussion/revelation about a year ago when they got the feedback that Akida 2.0 was needed as opposed to Akida 1.0. Restart that clock. Very comfortable.