So while I have appreciated the information and enthusiasm on the HotCopper BRN board, BrainChip will need two things to begin trading in larger volumes on OTC in US. For example Monday's volume in the US 85k shares traded, which is extremely low. Here is what is needed to get traction in the US market.
1. First and foremost, news of big deals/names will drive price as well as volume. This may seem obvious but it is critical because of point number 2.
2. Many mutual funds, ETFs, etc., are not allowed to invest in company's whose share price is less than $5. $5 is the critical point that has to be reached in order to drive volume and drive demand.
These two requirements are super-charged by the fact that there are 1.6 billion outstanding shares, which makes it more difficult to drive the price northward. So, all the speculation in the world will not make a bit of difference in the US. Deals and announcements matter and share price matters. We need bonafide announcements. Hopefully they are coming very soon.
Extremely low volume trading of BRCHF in US markets
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 18.3¢ | $2.707M | 13.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 93761 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 829397 | 11 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |