"If the market thought a $3bill Market Cap was justified for a...

"If the market thought a $3bill Market Cap was justified for a Mercedes concept car..."

In my view the market cap was pumped up to $3 billion as a result of gullible and vulnerable retail investors (most with no relevant engineering background to understand the product or sector) who blindly believed all the frenzied ramping on social media and stock market forums that BRN was an almost guaranteed ticket to great wealth. In my opinion the BRN share price has been almost wholly disconnected from its fundamentals for quite some time.

As a well known investor has said, "price is what you pay, value is what you get". Looking back it seems many of these naïve retail investors paid a high price but the value was not quite there yet, and the share price has subsequently fallen significantly. Despite the fall, some might argue the share price remains significantly overinflated.


"I'll answer that, the decimal points of $750,000,000.00 move to the right, not the left in my view."

Yet you don't hold?