Chart, page-11754

haha.

You're acting as if BRN's slide has only started since Evergrande stopped paying it's bills.

BRN's weakness come down to a complete lack of (material) runs on the board in terms of revenue and customers and (so far) a completely unproven product.

Maybe Akida will end up selling, maybe it won't. There's significant risk for investors.

The reason shorters are having a field day is down to the number of BRN holders who are 'cult'ish' with their holdings and have the mistaken belief that a company with essentially no revenue has been de-risked.

The pain is unlikely to end anytime soon. There's limited chance of a turn around given announcements won't happen until October at the earliest due to P VDM's share sale.

The other question is whether P VDM is even done selling yet. If he drops anymore into the market, it's only going to add to the weakness.