BRN 0.00% 31.0¢ brainchip holdings ltd

haha.You're acting as if BRN's slide has only started since...

  1. 9,157 Posts.
    lightbulb Created with Sketch. 4489
    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.

    Last edited by dawgfather: 21/09/21
 
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