Is BRN still a Spec Stock ????

The thread title really asks the question being raised.

Is BRN still a Spec Market stock ???

Now its SP & market value is certainly still down in the Spec stock category but does BRN really add up as still being a Spec stock in reality?
How much speculation is there still regarding BRN . Is there really any doubt remaining about BRN?
Recent announcements over the last month/2months have stated that -

1. BRAINCHIP AKIDA Neural Processor has been validated
2. Neural Networks functioning
3. Well more than "100" NDAs in hand
4. EPA's number in the dozens
5. EPA's include Ford Motor company, Valeo, Vorago Technologies, and NASA Production
6. Tooling is being designed with SocioNext for manufacturing
7. Q1 2021 release expected to TSMC for production
8. AKIDA being prepared for future IP customers
9. AKIDA market for AI Edge to be US$50 Bil by 2025
10. EAP participants include Aerospace, Storage, Automotive
11. Specific Market Focus on AI Edge application in Smart Transportation, Smart Home, Smart Health and Smart Industrial IT
12. Financial position is cash balance of US$17.6 Mil
13. Q4 expense anticipated of only US$1.3 Mil
14. BRN has established a Software Development Centre in Hyderabad, India
15. BRN has announced it has partnered with Majik Eye Inc
16. Financing facility for A$29 Mil with LDA Capital

So with all of the above announced and in planned or in place how does BRN rank as a Spec Stock really?
It does not have any true revenue yet , but with production tooling with TSMC for Production in Q1 2021 revenue must be seriously planned to begin then. Revenues would then follow obviously.
Then there is AKIDA being prepped for IP Customers now. Then IP Customers surely exist and are sales are expected to them also. This area does not require waiting on the Production of Chips either and we could well see IP sales anytime from here on towards Xmas.
The EPA's will have had the required timeframe to evaluate the boards etc well before Xmas.[true?] And Xmas is only 8 weeks away now!
Contracts would follow if the EPA's are successful which Louis has stated that the "EPA has been quite successful actually" which indicates strongly of no serious issues being presented.

With the AI Edge market expected to be valued at US$50 Billion by 2025 is there room for BRN to profit substantially in it?
The answer obviously yes!
And if BRN is involved in the AI Edge marketplace what could revenues possibly be?
Billions would seem to be a logical answer, but just how many will be an interesting question?
Actually why not consider that question. If BRN is totally successful (has been to date) with AKIDA and has the "only" AI Edge Neural Chip in production and IP licensing what sort of Revenue out of that US$50 Bil market could you expect?

BRN has ample finances in place for the foreseeable future so this does not seem to be a possible hurdle and create any reasonable "risk" for BRN.
What "risk" if any real risk exists is facing BRN? Market share? so far there are no competitors.
It has the best possible EAP customers all handpicked from hundreds.
NASA, FORD, VALEO etc and BRN also has more than a hundred companies lining up to check out, test and possibly sign contracts because they have already signed NDA,s which would be rigorously defended in Courts by BRN if necessary.
These will be "bulletproof" NDA's.
And perhaps the best part CHINA has been excluded so far. De-risked there from being copied etc,etc.

So if an intelligent person [investor/trader] looks at all these facts and timelines regarding BRN, would he not have to question why is BRN still being treated like a Spec stock. Is it still one really?
BRN share price is like an explorer who has yet to sink a drill bit, or a e-commerce company who has an idea but yet to develop software or pass legislation requirements???
BRN is way further down the road, de-risked its product significantly, entered agreements with industry "Majors", tooling up for production and sales of Chips etc.
The RISK remaining around BRN must surely be very small at this point.
It will be going into Production, there will be IP Licensing, BIG companies are testing the boards for their particular uses.
Is this the parameters of a Spec Stock?
In my opinion it is not.
So how long before "lift off" out of the spec market do you think BRN really is? And what should its real value be right now?
just my thoughts and observations only,
Yak52

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