BRN 2.50% 20.5¢ brainchip holdings ltd

So...BRN sugar coats the following facts and gets an intra 15%...

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    So...BRN sugar coats the following facts and gets an intra 15% boost to the share price.
    Like I repeatedly say, a clear indicator that the SP of BRN is nothing but hype.

    Well, the price move was supported by the fact that there was a recess in the heavy selling by CEO, ex-CEO, CTO, and LDA.

    Below are the facts. I'm not into fluff-finding.

    -After all these months, there is still no sign of a ‘definite’ CEO

    -Burnt more cash than the last quarter-42% revenue drop from the last quarter. (It’s $100k so frankly embarrassing even to put it down as a revenue. I've made more profit this quarter than that).The drop signifies that there is a lack of engagements from 100s of NDAs.

    -In a desperate attempt to capture more audience, spent more money on delivering the raspberry variant and desktop dev kit.The only problem with this approach is, if a Chinese company or any other unscrupulous company in this regard wants to build a project that is only made in limited quantity (e.g. submarine, nuclear plant), they can just pay for this kit, not engage with BRN and be done with it.No $$$$ contracts.

    -Patent that was filed in 2017 was granted and the management sugar-coated as price sensitive and got quickly scolded by ASX.
 
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