"The updated announcement about the MegaChips agreement, on the ASX site, also points out that they also can generate additional revenue under their agreement (yet not quantifiable) through royalties on sales of products to MegaChips' customers containing Akida technology, license fees for application-specific product development, project fees for proof of concept development with MegaChips' customers, and fees for support services and licensing of software associated with the Akida IP".
Well of course they "might" generate additional revenue. However, whether products will ever be developed from which royalties will flow remains to be seen and is a complete unknown at this point.
In my view the stock price is mainly FOMO driven at this point which is to be expected for a meme stock.
Ann: Appendix 4C and Quarterly Activities Report, page-124
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Last
25.0¢ |
Change
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Mkt cap ! $463.9M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 27.0¢ | 25.0¢ | $1.803M | 7.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 43 | 1301766 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 25.5¢ | 111469 | 8 |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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25.5¢ |
Change
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| Open | High | Low | Volume | ||
| 25.5¢ | 26.5¢ | 25.0¢ | 4866720 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| BRN (ASX) Chart |