An interesting musing below posted on another forum. Hard to believe the share price has dropped so low on the news of a mooted move to re-domicile in the US ... it's a huge positive imo as it would not be contemplated without some major commercial deals in place beforehand. The panic selling shows how out of tune ASX investors are when it comes to disruptive tech stocks. No question BRN belongs in the US when the time is right.
"My wild thoughts about this sudden earlier than expected call on delisting from the ASX and moving to a US stock exchange.
Firstly, I posted a while back thinking a take over probably won't happen because the US government & US Defense will have a big say in it all.
I'm starting to think as well the US government & US Defense are having a big say in Brainchip's 'sudden' move. Especially with Trump now in power and China hot on US's heels. I feel the US government may also give Brainchip a bit of a helping hand getting onto the Nasdaq.
By holding in their hands the most advanced and powerful piece of technology in the World, I'm thinking the US government & Defense will be keeping it all top secret and do what they can for Brainchip to succeed.
I guess time will tell if these crazy thoughts aren't all that crazy afterall."
BRN Price at posting:
20.3¢ Sentiment: Buy Disclosure: Held
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