Is the hype around the AKIDA chip greater than it's real...

First 17246 Last

Share
Profile

Follow
mbot

10,306 Posts.

1248

10/11/20

16:47

Post #: 48774032
Share

Originally posted by Fact Finder: ↑

Whether you are holding at the Blue Chip or Speccy end of the market if you are a long term investor the one truth is you have absolutely nothing to add to the share price of a company except when there is a capital raise and you have the opportunity to participate and take up your allocation and lock them away or when the company achieves its purpose and the share price rises and then your long term holding limits supply to the market and as a result forces up the price for anyone who finally has realised what you knew all along.

Over the last couple of weeks there have been days when the price of BRN has moved 2 to 3 cents based on volumes representing less than point five of a percent of the total shares on issue. As a long term holder you either learn to live with the fact that most of the time holders of 99% of the share capital will have no impact whatsoever on the day to day share price or move on or decide to become a trader.

At the moment the CEO has stated on a number of occasions that first quarter/early 2021 is when commercial announcements are likely to be made with the possibility of something late 2020. These sorts of announcements are what the market is looking for now so until then the price will be manipulated at the edges and as we get closer to Christmas supply will tighten in anticipation of an announcement.

The CEO and the CFO have made clear much is going on behind the scenes in particular the work being done by the CTO and team over in Perth and we have had an announcement that the CTO will on 18.11.20 present to the world at large regarding AKIDA focusing:

"on the applications BrainChip has developed on pure spiking platforms, such as Cyber-security, Odor (disease) classification, taste classification, and preventative maintenance using nothing but STDP training. He will also discuss CNN2SNN conversion, incremental learning with fixed features, and more."

This information will reinforce the belief of long term holders and act as a bridge to Christmas and early 2021 as will announcements that the masks have been produced. There is the possibility that the names of further EAP customers might be released but once again this will in my opinion be more valued by long term holders than the market generally.

It is possible that Vorago/BRN could announce that they have a hardened AKD1000 in hand ready for further testing by NASA but again I suspect this will only really be valued by existing long term holders.

I stated at the beginning of this year that 50 cents by Christmas was my best guess of where the share price would go if everything predicted by the company went to plan. I remain of this opinion and feel comfortable about this knowing that since last year when the design of AKD1000 was completed by Peter van der Made and Anil Mankar all of the company's predicted timelines have been met and much more has been achieved and announced than I expected or was led to believe would occur.

The CEO has stated 2021 is Brainchip's year and at this point I know of nothing to say this statement is incorrect.

If the announced vaccine is rolled out in 2021 then it may well be an even better year than predicted as confidence is restored across the world.

My opinion only DYOR.

Expand

Is the hype around the AKIDA chip greater than it's real capabilities?

BRN Price at posting: 35.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PAT

Patriot Lithium eyeing up Zambia-based Katawaro copper project

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

There are more pages in this discussion • 12,068 more messages in this thread...

First 17246 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 31.0¢		Change 0.045(17.0%)		Mkt cap ! $627.9M

Open	High	Low	Value	Volume
26.5¢	32.3¢	26.5¢	$11.67M	38.93M

Buyers (Bids)

No.	Vol.	Price($)
10	403533	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	1015973	8

View Market Depth

No.	Vol.	Price($)
9	393226	0.310
14	738296	0.305
32	518016	0.300
13	659624	0.295
22	564763	0.290

Price($)	Vol.	No.
0.315	1015973	8
0.320	420540	12
0.325	962177	32
0.330	911108	29
0.335	1152980	12

Last trade - 14.33pm 10/10/2024 (20 minute delay)

BRN (ASX) Chart

Is the hype around the AKIDA chip greater than it's real...

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Lefroy boosts near-surface gold resource by 13% to 439Koz

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Is the hype around the AKIDA chip greater than it's real...

Top Stories

Patriot Lithium eyeing up Zambia-based Katawaro copper project

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Lefroy boosts near-surface gold resource by 13% to 439Koz

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News