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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- ASX - By Stock
- BEWARE IT'S A BULL TRAP .....
So...BRN sugar coats the following facts and gets an intra 15%...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $380.4M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 20.0¢ | $597.7K | 2.928M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 1703112 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 337767 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 1701462 | 0.200 |
29 | 1742341 | 0.195 |
41 | 2495336 | 0.190 |
56 | 2025692 | 0.185 |
52 | 1700506 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 287767 | 10 |
0.210 | 1086800 | 22 |
0.215 | 386124 | 10 |
0.220 | 840888 | 24 |
0.225 | 379731 | 8 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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