BRN 2.17% 23.5¢ brainchip holdings ltd

I was just realizing the time of hype created at the time of...

  1. 956 Posts.
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    I was just realizing the time of hype created at the time of Mercedes. Brainchip management admits akida 1000 was not sufficient to support that price. They also know they will need more funds for development and they sell 10 million shares in that hype and that too around $1.10.
    so why the management was proactive then and sell may be another 50-100 million shares that will put company in a very good position as well as the hype could had been blown away. That was a start cycle of interest rate increases. Our CFO should be in a position to look at broader picture. He is getting almost 1 million dollar a year.
    They would also scared the shorters.
    And then rub salt on holders wounds Sean said the present CR is for 2 years of relationship building by company management and with in few days from CR we see more than 60 million short positions was closed.
    Should I consider it inexperience or more than that here??

 
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