Moment of truth coming for the billion-dollar BrainChip Colin...

Moment of truth coming for the billion-dollar BrainChip
Colin Kruger
September 28, 2020 — 12.00am
It's the type of corporate mystery that has become all too common for ASX-listed tech stocks -- why is there so much hype around a company when its financial performance is so meagre.

Take Brainchip. The company that is proming to produce computer chips that mimic the workings of the human brain reported in August a $6.86 million loss on revenue of just $13,397 for the half year ending June 30 -- an 80 per cent drop on revenue generated in the prior first half.

Louis DiNardo, the Brainchip CEO, says the company expects to have the first commercial contracts for its neural network processor by early next year. RICK STEVENS

The report also outlined circumstances which would cast uncertainty on its ability to continue as a going concern.

Two weeks later the market valued the group at more than $1.5 billion.

The stake held by BrainChip's Perth-based founder and chief technology officer, Peter van der Made, had soared from $8.8 million to more than $170 million in a matter of months.

AND PETER VAN DER MADE didn’t sell one share,why????