I do agree that the presentation was not professional and that presentation are important for attracting customers HOWEVER
It was announced by the CEO today that their are well over 100 NDAs in place. Brainchip hand picked two dozen EAP Customers from these 100+ potential clients. Brainchip does not need to attract customers as they already have 24 potential customers who are going to or are currently testing the engineering samples and evaluation boards. The next step after these potential customers have tested the samples is to either sign contracts to purchase the physical NSoC or to License the IP, or to not move forward with purchasing the AKIDA. And once Brainchip has fully supported and delivered on the contracts they will sign in the near future, they have numerous other potential customers who have already shown interest and signed the NDA's.
Brainchip's current priority is to
- Support the EAP customers
- Finish software development
- Neural Network Functioning tests
- Device tooling and Device Manufacturing taking place this quarter and next quarter.
The company has more than sufficient cash balance totalling 17.6mil USD and expected expenses for this quarter only totalling 1.3million USD.
It is a shame that they do not professionally display themselves however I still dont see this as a problem. They have numerous highly educated and experienced employees and engineers working for them. They have Rob Telson as Vice President of World Wide Sales who has worked for more than 11years at ARM. They have excelled in all the important fields. Yes they have failed to professionally present themselves but seeing that they have customers this should not be seen as a problem!
I'm not trying to convince you guys to buy or sell, but would you guys want a company that presents themselves very well and is able to attract the markets attention, but they don't deliver, or a company that poorly presents themselves, and has already established potential customers and have lived up to their promises???
This is just my opinion, do as you please with it
DYOR and GL
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