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Pinned straw:

Straw deleted
Strawman
Added one year ago

Don't beat yourself up @CHill, I cant tell you how often I cringe when I look at some of the stuff I wrote in the past. Hopefully a sign of growth and not just hindsight bias!

I love your honesty though, and reposting your Straw from 2 years ago is a sign of a healthy ego in my opinion.

I haven't looked at the latest results, but if there is genuine progress at least the value proposition is more compelling now. Amazing to think the company hit over $3b in market cap at one point.

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RhinoInvestor
Added one year ago

It’s probably little solace, but I reckon they might be able to stretch their cash assets for a year (rather than a half) given the extraordinary amount of stock issued to 3rd parties and the whole former director mess (in the prior period) is hopefully something they can resist moving forward.

Clearly another capital raise on the horizon for this mob though and further dilution. I was really hoping to see revenue at least matching the prior year and now the can has been kicked down the road to their Gen 2 Akida “coming out soon” (which leaves little hope of a large revenue ramp up any time soon as customers reset their evaluation processes before deciding whether they will build end products containing these chips).

Devalued so much now it will barely recover brokerage (so I’ll leave it in the portfolio as a reminder of important lessons). Luckily I bought it in a basket of Semi-conductor stuff about a year ago when I was on a rampage against thematic ETFs (that basket contained Nvidia and some other proper semiconductor companies so its not that bad for me).

DISC: Held IRL and Strawman

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