When the fake short report came out, there were multiple people on some of the boards that claimed they sold their shares on the report because in the end they didn't know what they owned. There were even some that sold shares, and bought back cheaper same day, which can lead to tax issues with wash sales. It was said by some that the short report included made up email addresses. There was so much that wasn't covered by this report, also, as the company employs dozens of PHds, many of whom work in active inference, didn't bother to address the fact that Friston, Ramstead, and other high profile individuals work at the company, nor did they bother to tackle anything related to the claims by the company of having a superior product ready to challenge all of the supposed pillars of AI to benchmark tests.... .a product that has actual explainability and doesn't require much to power it. If you need to train AI agents with the Genius platform, a simple laptop will suffice, and doesn't require the huge infrastructure of expensive NVIDIA GPUs.
In reality I think that they may need more promotional activities if people don't understand what the company and its technology is based around. Stock promotions are one thing, but getting the word out about the difference between what's already out there available and what Verses AI is all about and what exactly sets it far apart from the rest is key.
The only thing that changed last week was that the company is one giant step closer to becoming a major player in enterprise AI as the non profit side of their business succeeded in moving forward the spatial web protocol standards to a final vote. Funny how this lame short report and attack came just two days prior, with so many demanding that the company answer up to this bullshit. Once these new standard protocols are approved, companies that support the open standards will come out of the woodwork and be the first to join Verses in the new web layer that's offered on a global scale. As co-founder Dan Mapes stated on the video two years ago where he spoke about the company's partnership with Microsoft, the huge part of the new web is in digital twins, as you'll eventually have digital twins of practically everything on the new web, including cities, landscapes, oceans, companies and their supply chains, etc. This is no longer down the road.... It's here on the doorstep. The IEEE called the development of these new standard protocols a public imperative.
On a side note, the company has a patent revolved around neuromorphic computing, and I urge everyone to go back and listen to the interview between Gabriel Rene and George Gilder. Despite Verses AI being known solely as a software company, Rene oddly approaches Gilder near the end about the hardware side of things, and while Mr Gilder rambles a bit on and on about graphene, once finished, Gabe returns to the discussion about hardware and neuromorphic computing. He's basically throwing it out there that the company has successfully used their active inference methods and coding on a neuromorphic chip level to see a combined hundred thousand times increase in processing power. Now there are only so many companies and entities working on neuromorphic computing, and I sure as hell am curious who they're working directly or indirectly with when it pertains to neuromorphics. I always believed that there must be a hardware connection with a company like Verses, and this video sheds light that indeed there likely is a major connection as they plan to disrupt the entire industry on the edge. A little reasearch into neuromorphics, and its believed by some to be far more important than quantum computing, which is much further out. If the company is quietly working behind closed doors with Intel, IBM, Brainchip, or one of the others that offers a type of neuromorphic chip on the edge, this is huge. It would also help explain the level of enthusiasm that Gabe showed on the company's webinar from just a few short weeks ago.... an exciting event that so many have already apparently long forgotten.
We all have our own decisions to make whether we buy, hold, or sell the stock, but I'll continue to hold as I believe in the company and its vision. I couldn't even fathom selling my shares at this point either, as the company is about to embark on its next level of beta testing in a matter of a few short weeks with what I believe will be dozens or more of potential enterprise level clients, some of them being rather large.
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