What did 99% of the BRN forum say about Akida's prospects 3-4 years ago? Hyper-ramp non-stop posts for years claiming that revenue was 'just around the corner' and that 'all these NDAs are just covering all the contracts about to be signed'. Dudes like Tech Laden were making crazy claims like "22 contracts to be signed in the next 3 months" - back in September 2020. The way it works is this:
- Every time a new company gets dangled in front of HC posters, there is huge excitement until a bit of time passes and people start asking questions about what happened to the potential cash in the door or even the sign of some contracted revenue.
- Usually it's at this point that some of the hyper-rampers step in with complex multi page posts that confuse people into thinking that they just don't understand how big the opportunity is LOL.
- Then comes the quarterly with shameful amounts of revenue. People ask "how could this possibly happen".
- Then more hyper-rampers step in and remind people that - "Just wait, it's going to take some more time"
A product that has billion dollar expectations attached to it, that ends up being a complete commercial flop is called a 'failure'.
Anyone who has kept an eye on this forum over the years, knows that there are a relatively small number of individuals making ridiculous claims which never eventuate. When this was pointed out, most of these individuals scurried away to a new forum where they couldn't have their views challenged. But from what I've heard, apparently that place has somewhat imploded when reality came knocking at the door.
2016: "HUGE MARKET" and "Abundant opportunities".
https://s3.amazonaws.com/content.stockpr.com/brainchipinc/db/217/1301/pdf/20160429+BRN+Virtual+Roadshow+Presentation+Release+ASX+Release.pdfSince then:
Scandinavian security and police organisations (2018)...French police (2017)....Ford (2020), NASA (2020), Mercedes (2022)....Vegas casinos (2017). Big names - but where or where is that pesky revenue.
Also - remember this dude LOL - September 2020 (when the share price was at 42 cents - "I'd be expecting another pretty quick fire 22 companies signing something over the next 3 months"
(20min delay)