BRN Discussion Ongoing

[DerAktienDude]

Man am I embarrassed telling friends and family after a delay of one year in revenue already that the Gen2 which was supposed to come out in Q3 maybe even Q2 has been delayed for up to 6 moths yet again in a span of just two or three weeks of time.
Im sorry for whoever is still taking words of the management seriously. What a shit show.

 

[Food4 thought]

so as an investor I have to try and find where they have released new information as it might be here or there or somewhere else, that’s just plain silly.

If you’re wanting to build interest in your business you make it as easy and simple for your customers to find the latest and most up to date information.

Or you will find that people just lose interest in your company and find one that makes it easy.
Do Intel post the latest information all over the show?

People are lazy
No one walks anymore rather catch the bus because they are lazy and it’s easy
It’s as simple as that.
How many people take the stairs up one flight of stairs when there is a lift or escalator, stuff all why because they are lazy
Wake up BrainChip
Make it easy for your customers
Rant over

 

[Mt09]

Yes really: Mercedes made public on their website and in the press that they would use Brainchip's Akida in their electric vehicles and have not retracted that representation. To not follow through on the representation without notifying the market would leave them open to claims from consumers and potentially from investors too, so it is very probable that it is their continued intention to use Akida in their vehicles (not to mention the fact that large companies like Mercedes are unlikely to flip flop about their technology without a really good reason once they have declared their hand). With the greatest of respect, what you are doing is just speculating about an unlikely worst-case scenario, rather than actually analyzing the facts of what has probably happened with Mercedes.

I understand the concern with the share price and I am also surprised that we haven't seen more commercial deals announced but does that mean that Mercedes are out? Of course not. Does that mean we won't see deals? Of course not.

Mercedes stated they used Akida in their Eqxx concept vehicle, they haven’t given any indication as to whether or not Akida will be used in production vehicles, can you please provide a link to the document that confirms Akida will be in production Mercedes vehicles?
And the information regarding Eqxx was never released to the Asx, Mercedes can do as they please and investors would have no leg to stand on. Don’t count your chickens before they hatch.

 

[Rise from the ashes]

Mercedes stated they used Akida in their Eqxx concept vehicle, they haven’t given any indication as to whether or not Akida will be used in production vehicles, can you please provide a link to the document that confirms Akida will be in production Mercedes vehicles?
And the information regarding Eqxx was never released to the Asx, Mercedes can do as they please and investors would have no leg to stand on. Don’t count your chickens before they hatch.

Yep. Nothing is certain until the ink is dry on a contract. Anyone else who tries to convince people otherwise are fooling themselves and others.

 

[Earlyrelease]

Well my take on the podcast.
1) Somebody is listening to the stockholders (SH) and trying to improve comms.
2) We have a legal hurdle to overcome which has two outcomes the SH trust the management and vote to pay out the 8m shares or we get sued and end up handing over 8m and paying fees for both parties if the case is found in favour of the previous director.
3) Sean has told us his thoughts on staff growth and expenditure. Depending on your nature and if you are glass half full or empty you will either see a faster burn of cash ( half empty) or a faster growth in revenue ( half full) when royalties start to flow in the future as instead of a few companies being on board there may be many more.

Now not being a professional in this field I don’t intend to doubt a professional in his field. But what I do note is that nobody is challenging his views on the time to develop products. So if there was true professionals in this field out there ( which we are blessed to have) and if Sean had misled the audience in this regard I am sure that would be called out by those members.

Therefore whilst I concur revenue of note may still be a bit away that is based on actual legitimate logistical reasons and not necessarily on lack of interest.

So I am still confident and havnt changed my outlook.

Stay strong.

 

[AusEire]

Man am I embarrassed telling friends and family after a delay of one year in revenue already that the Gen2 which was supposed to come out in Q3 maybe even Q2 has been delayed for up to 6 moths yet again in a span of just two or three weeks of time.
Im sorry for whoever is still taking words of the management seriously. What a shit show.

Can you show me where they said Q2? I've always understood it to be by the end of the year.

 

[Space Cadet]

Didn’t Sean get questioned about funds and said we are ok, but we need to spend more money employing more staff which says to me another round of fundraising coming soon and the more I think about it the worse the podcast sounded

Really. Now your just making shit up.

SC

 

[manny100]

I can't believe the responses here to the podcast. I must have been listening to a different one. I think Sean presents really well, his answers to our questions were exactly what I expected to hear. About time the company is starting to acknowledge our concerns. He believes in the technology and the success of the business going forward.

Revenue is always my concern but Sean is not in a position to disclose any current or pending negotiations. I'd be surprised if those attending the AGM don't find him very competent and engaging in person.

Man I'm one of the biggest whingers here and you guys are leaving me in your dust

I agree, they are really stepping up investor presentations which means more information out there.

 

[manny100]

Can you show me where they said Q2? I've always understood it to be by the end of the year.

During the April 23 presentations Sean said Gen 2 will be complete Q3 easily maybe a little earlier. Revenue not expected until year end.

 

[Deadpool]

So.
We finally get some direct communication from Sean attempting to address our concerns and all you can do is tear him a new one.
No wonder FF left again.
This place is getting more and more like the crapper.
A regular pit of vipers over there too.

Totally agree mate, there seems to be a few self-righteous narcissist assholes here of late, and with an obvious defective moral compass.
The lack of respect is disgusting.

 

[Schnitzel lover]

Can you show me where they said Q2? I've always understood it to be by the end of the year.

From the ASX Ann on Gen 2..

 

[DerAktienDude]

It’s post 53.961 If I link it it always shows the incorrect one.

Can you show me where they said Q2? I've always understood it to be by the end of the year.

 

[Makeme 2020]

Totally agree mate, there seems to be a few self-righteous narcissists assholes here of late, and with an obvious defective moral compass.
The lack of respect is disgusting.

2023 .
No sorry 2024.
Hang on 2025.
My bad 2030.

 

[Violin1]

Looking forward to the AGM. Suspect there’ll be a few whippy-stick complainants around…

 

[Makeme 2020]

2023 .
No sorry 2024.
Hang on 2025.
My bad 2030.

Management keep changing the goal posts but treats s/h like mushrooms
WHY should we give them free SHARES WHY.

 

[Foxdog]

My guess is Mercedes

I don't think so. Sean did say that it's during economic times like these that the industry leaders position themselves for when the economy recovers. This is how they outperform their peers. I think Merc would be the perfect example of this and will be investing heavily in R&D to outperform in the future.

 

[Schnitzel lover]

Would it be fair to assume the Gen 2 availability is unrelated to Patent approvals?

I don’t actually see a delay to availability as an issue, particularly giving customers a runway to work with 1500 and put the final touches to Gen 2..

I re-listened to the update again, and I think aside from disagreeing about the 8mill RSU to Manny, I thought Sean was sincere and as open as he could be under the circumstances..

I’d advise anyone concerned about this bottoming to oblivion read my post on the share price thread and save some emotional capital..

 

[Kachoo]

Hi all I'm writing here as I'm listening to the latest podcast.

Akida 1000 was not a failure as some post here. It has a small niche market it out performs the competition but as put the current solutions are good enough in some cases.

This does not mean that there will be no uptake but when new technologies come out they may not the more faster power efficient model the reengineering an old system.

Also the miss leading saying of Akida 2.0 delayed is not true. The original presentation was talking about early adopters getting the IP now with a referance chip in late q2 early q3 and now show says fully commercial available end of 2023 that's for everyone. That timeline never changed. The early results are very positive on the power and performance.

Lead on the technology is still there no really actual lengthy in time but it's very hard to put a time frame on it.

The sales cycle was explained I think was average but he did would excited she your in your in lol.

Partnerships and ecosystems clearly identify why it's needed in enterprise buisness.
Revenue question was obviously a no awnser other then he is confident that to deliver revenue is comming. The question was more on forecasting and he did state its hard to donat the moment cause there is no continous stream yet.

Cash position question. Seems okay. He did say he will spend money needed to generated revenues needed to give returns that the shareholders they deserve. I think the take away from this statement is that he is aware of us holders and our frustrations on revenue. IMO

Money safe in banks spread out and secured.

Economic head winds Project on hold that they got the design win. Not cancled but delayed. This is not anyone's fault in BRN. When innovations move forth he is confident that will build with Akida.

With regards to shorting as results roll in that situation will clean itself up. So basicly he said when revenues start kicking in the shorts will have to cover basic logic.

Regards ASX announcement they are compliant and not all worthy or can be put in. Now this one I do agree they need to be a bit better communicating but then it's on an investor to do their dd.

Now i read about some complaints and i find many of them false. I read one comment that he saud fax. The feel these shorts did a number on some with some false statements on this pod cast.

I have it a second listen and it was not as bad as some make. The revenue figures minimum to high we will see there was no indication that things are bad as the down ramper make it out.

 

[Schnitzel lover]

Post in thread 'Share price movement of Brainchip, discussion, The Good the Bad and the Fugly and general concern'
https://thestockexchange.com.au/thr...-fugly-and-general-concern.139152/post-282193