Ann: Capital Call Notice under agreement with LDA Capital, page-74

Absolutely remarkable BRN's market cap is over $1.1 billion given it has no material revenue and the competitive landscape continues to expand at a rapid pace.

One explanation for the sky high valuation is gullible retail investors have fallen in love with the company and believe this is their ticket to untold wealth after blindly believing everything rampers post on social media and stock market forums.

In my view, a significant reason BRN attracts a lot of hype is because it is publicly listed and traders have a strong incentive to pump the stock across social media to try and suck people in to buy and be bag holders for their trades. What gullible retail holders do not seem to appreciate is there are dozens of competitors who are quietly moving ahead in the Edge AI space. However, because they are private companies traders have no reason to generate hype across social media and stock market forums.

If any of these private Edge AI companies went public, you can bet your bottom dollar traders would swarm the stock market forums and start posting company X will go to the moon, just like they do for BRN.