2025 BrainChip Discussion, page-4191

Have you considered that part of the reason the stock is so heavily discounted could be a persistent management overhang? It’s not just about being on the wrong exchange or in the wrong jurisdiction—those are convenient explanations, but they don’t fully account for the depth of the discount.

When management repeatedly fails to meet expectations, avoids meaningful updates, and brushes off shareholder concerns with vague responses or silence, confidence erodes. Investors start to price in not just uncertainty about execution, but doubt about whether the leadership is even aligned with shareholder interests.

This isn’t a speculative concern—it’s grounded in years of poor communication, inconsistent messaging, and a pattern of shifting timelines. Until the company addresses this head-on, it’s unlikely that sentiment—or the valuation—will materially improve, regardless of how strong the technology might be.