BRN 2.94% 16.5¢ brainchip holdings ltd

Ann: A$25million Equity Capital Raise, page-276

  1. 816 Posts.
    lightbulb Created with Sketch. 136
    Yes. The company doesn't make announcements so we are left to fill in the blanks, with our fantasies.

    Some things are becoming clear though.
    A paultry E190K from Airbus means that they are not interested. Seriously not interested, but are ticking some compliance box saying that they have looked at all technology options.

    There is no reason to wait for a new EV from MB to see their cabin system is there? The fact that they haven't released a new cabin system over the last 4 years means that they are not interested.

    Obviously Arm aren't interested, they now make competing IP.
    Ford have re-employed 500 ML AI employees for to do their own thing etc.

    So our own board seem to have tin ears and we are targeting the wrong companies. It isn't their job to fill their fantasies, but to make some deals. Right from the begining our board was too cautious, too afraid to act if it might in some small way upset a potential customer. ( That's why we didn't tape out an Akida 2 chip. Why we design chips for companies who don't follow through)
    Well that strategy has backfired sensationally. And time has run out.

    We must reject the E190K deal as it isn't in the companies best interest. It needs to be a E1.9M deal. It's just fantasy to think that Airbus will so love Akida that they will want to follow through with a second deal. Nowhere is Sean saying that this small deal has options to expand. So you know those options don't exist.










 
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