Moment of truth coming for the billion-dollar BrainChip (SMH), page-25

It seems the reason BRN stock price move was likely due to a combination of the new Robinhood-like platform Superhero with low brokerage fees:
https://www.*afr*.com/companies/financial-services/australia-s-robinhood-signs-up-10-000-investors-in-three-weeks-20200928-p55zzp

"Mr Winters agreed that many of Superhero's new customers are members of investment groups and threads on social media platform. For example, he attributes online commentary around software company Brainchip to the stock becoming one of the most popular on the platform so far."

And the Reddit pump and dump hype wallstreet-bets crew: https://www.bloomberg.com/news/articles/2020-09-28/penny-stock-s-1-500-rise-fueled-by-reddit-left-ceo-dumbfounded

"Jun Bei Liu, a portfolio manager at Tribeca Investment Partners Pty in Sydney, isn’t surprised by the sharp correction in the share price, which she says reached astronomical levels after retail investors hyped the stock on online forums such as Reddit.

Brainchip has seen multiple discussion threads on company’s business outlook and stock moves over the past few months on the Reddit website."


seems like a more logical explanation for the crazy high valuation at such an early stage for this company

gltah