Personally, I'm not too worried as I believe they are working on the read/write of Quantum information and my believe is this would be the most challenging part so I would expect this to take much longer to achieve. 12cq in my opinion was always going to take longer due to the complexity and challenges to overcome in bringing this technology to fruition. Keeping in mind this has never been done before so there in no path before them to follow. The implications should this technology be successful are great, so best to get it right and it will take time.
The Bio chip appears much closer to potential commercialization in my view as they are already fabricating chips with devices on board for testing purposes and to sus out the best foundries for manufacturing. Maybe management are mindful of time to market and monetization and could be prioritizing the Bio Chip development .. who knows!
Many stocks ... NOT just Archer have seen plummeting Share prices. The good news is that their responsible cash management has kept cash burn in check considering the assembled team of specialists working within Archer now. Earning interest on the 21.5 million in the bank, R&D Tax refunds and Government grants etc all contribute to conserving the cash required to fund the technology development. In fact, i never saw it mentioned here but the last quarterly under Estimated Quarters of funding available it had N/A - So we still have 2.5 years of funding available at current cash burn rate. Last quarter showed $21,562,000 and previous quarter showed $21,345,000 in the bank. So a current quarter gain of $266,000 minus cash used in investment activities leaves a quarterly gain of $217,000 - not bad for a company that doesn't sell anything yet ! Of course this won't be every quarter but for me it shows how mindful the company is of responsible cash management! I believe we have enough specialized staff to get these technologies happening and could always do with more institutions getting on board - just have to let them do their work, but it is good to see the cash burn rate in check while they are still in R&D.
Now that Christmas is over and the majority of staff have been back at work for the past month I'm hoping to see an announcement shortly. I do believe 2024 will be a year of acceleration and further achievements for Archer and looking forward to seeing what unfolds.
As with the market, well ..... it is what it is and the company has no control even with positive announcements! Of course I'd love to see more announcements, but they can only make an announcement when warranted. I've noticed on some positive announcements that the SP will run only to get pegged back lower on very lower volume trades. I'm sure many here that monitor the trading closely will have noticed the trading patterns.
I've always said, I'm an investor not a trader so I have long term views on the stocks I hold. there are many of us with different views, time frames and wealth creation strategies and that's what makes the market what it is. As disheartening as it is to see the share price where it currently is taking into account the progress the company has made, I personally see this as short term in my view. The markets can move in cycles and influenced by trends and world events etc and for many the company is simply very difficult to put a value on!
We do live in an age of misinformation, fake accounts, scams, bots, A.I. .. and the list goes on ... so it's never been more important to protect yourself and get your information from a reliable source and take the time to do your own research and not take what you read on social media and other platforms as accurate and reliable .... and as always protect your hard earned money and never risk more than you can afford to lose!
Hope everyone enjoyed a good Christmas break ... seems so long ago now .. well I guess it is! Hope 2024 is a positive year or all of us!
Cheers Tonza
AXE Price at posting:
34.5¢ Sentiment: None Disclosure: Held
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