The sad fact about the ASX is that as a rule the market only...

The sad fact about the ASX is that as a rule the market only values income not potential.

When BRN hit 97cents leave aside the posters who descended upon this blog you only have to look at what the Financial Review and Motley Fool writers were saying about its valuation. Every negative word was aimed at the fact that it did not have income.

Most people are in the average IQ range of about 100. Those who go to university are in the range from 100 to 120. AKIDA technology requires a great deal of research to understand and if you are in this group which most financial writers are, then when a company like BRN overnight explodes the only matrix you can competently look too is income or earnings. A sudden grasp of the technology is impossible so you take the safe course and look at earnings.

To suddenly understand and value the IP you need to be a rocket scientist with an IQ more likely to exceed 140 plus. If you have this sort of IQ and can quickly understand AKIDA IP you will be working at BRN not at the Financial Review or Motley Fool or their like.

The CEO made the point that the EAP customers were waiting for the AKD1000 in silicon before committing which was only reasonable when committing would mean they would be spending "30, 40, 50 million dollars".

If these numbers relate to what they will be paying to BRN for a commercial right to AKIDA technology then the announcement of a 30, 40,50 million dollar deal early in 2021 will provide a matrix for these writers to value and then BRN will truly join the space race.

My opinion only DYOR.