BRN Discussion Ongoing

[Gemmax]

Thanks for your response @Xray1, so my recollection of that vote against Peters' re-election was correct, and as you have put it, it was in 2022.

So IMO there was no way retail holders would have supported that vote against PvDM. I didn't say it in my previous post on this subject, but I wouldn't be surprised if these votes at the last 2 AGMs were the result of institutions playing games, and yes also exercising their rights as shareholders.

It is pure speculation on my part, but that is what I have felt since the 2022 AGM, and I feel the same about what took place at this years AGM, malevolent actors working at undermining confidence in BRN and undermining price appreciation.

I welcome any feedback, or other research to give more flesh to the bones of this matter.

I have always wondered about this McHale. Not putting words into Techs mouth, but he has referred to agendas at play in the past.
FWIW. Between 12:08pm and 12:33 pm today, one share was traded in 25 minutes to knock it down.

 

[HopalongPetrovski]

Thanks for your response @Xray1, so my recollection of that vote against Peters' re-election was correct, and as you have put it, it was in 2022.

So IMO there was no way retail holders would have supported that vote against PvDM. I didn't say it in my previous post on this subject, but I wouldn't be surprised if these votes at the last 2 AGMs were the result of institutions playing games, and yes also exercising their rights as shareholders.

It is pure speculation on my part, but that is what I have felt since the 2022 AGM, and I feel the same about what took place at this years AGM, malevolent actors working at undermining confidence in BRN and undermining price appreciation.

I welcome any feedback, or other research to give more flesh to the bones of this matter.

Yes.
I too have no proof to offer but there was the definite feel of a coordinated campaign leading up to the last AGM in a bid to dissolve the BOD's standing.
At the time my impression was that it was shorter led to try and sow FUD in the minds of holders and provide further downside pressure.
The prior attack on PVDM was an attack on a pillar of the company and was just muscle being exercised and tested in my opinion.
The people/organisations behind these assaults have no interest in anything other than the manipulation of the share price and in extracting every grubby last cent they can wring from their victims.
The financial equivalent to a parasite.
GLTAH

 

[Space Cadet]

I have always wondered about this McHale. Not putting words into Techs mouth, but he has referred to agendas at play in the past.
FWIW. Between 12:08pm and 12:33 pm today, one share was traded in 25 minutes to knock it down.

Well, they are going to have to do that a few more times because that 22,226 buy is me at 16.5c. It started at 25,000 and going down in bits. Very hard to watch, It's like pulling teeth.

SC

 

[McHale]

Hi McH,

There was a time under the ebullient Lou "Hockey Sticks" Dinardo when reference was made to "a major North American vehicle maker" which drew a "please explain" from ASX and caused a possible breach of an NDA when we were forced to disclose Ford as an EAP.

Not only that, but it was a blot on our escutcheon, which has the potential to turn around and bite us on the hindquarters when we seek NYSE registration - our first yellow card.

Because the ASX, being gun-shy of tech companies since getting their fingers burnt in the dotcom bubble, is red hot on tech startups. (Don't you just love a metaphor salad?)

The company is well aware of the disgruntlement of the roiling mass of commentators on TSEx in relation to announcements, but they have chosen to be like Caesar's wife in this regard.

Being a bit of a share market ingenue back in 2018 when I first came across BRN, my first purchase was in FOMO mode because I read that PvdM was about to make a presentation to a gaggle of geeks in the US in the following week, and I expected that would launch us to the moon and beyond.* Not a sausage ...

So I think that, as far as management's concern for shareholders goes, they have their eye on the main prize, NYSE registration, and doing anything to pump the ASX price would earn a second yellow card.

*(I still expect that every day now.)

Yes @Diogenese, I have heard the story before regarding the Ford stuff up, but I don't subscribe to the rest of the story re gun shy ASX etc.

The fact is there are quite a number of tech start ups on ASX which are making "Non Price Sensitive" Anns every day. I would be interested to hear what the ASX Announcement platform has to say about yellow cards or even the dreaded red card, because if they do, then there should be an official explanation to outline their Announcement policies.

Is it a real thing or imagined, I do understand that current BRN management seem to have an inordinate fear about it, and for myself I would be much happier if BRN could find their way toward actually initiating a dialogue with ASX about a reasonable explanation on how the ASX Ann platform works; and then some kind of communication from BRN about what the facts of this matter are - to their long patient retail share holders.

In the meantime BRNs listing on the Nasdaq is but a far distant mirage at this point, while I remain much more concerned with gathering not so distant black swans.

 

[SharesForBrekky]

Yes.
I too have no proof to offer but there was the definite feel of a coordinated campaign leading up to the last AGM in a bid to dissolve the BOD's standing.
At the time my impression was that it was shorter led to try and sow FUD in the minds of holders and provide further downside pressure.
The prior attack on PVDM was an attack on a pillar of the company and was just muscle being exercised and tested in my opinion.
The people/organisations behind these assaults have no interest in anything other than the manipulation of the share price and in extracting every grubby last cent they can wring from their victims.
The financial equivalent to a parasite.
GLTAH

Just a thought, could be way off the mark though.

Maybe trying to throw PVDM off the Board and Brainchip getting a 1st strike could be related in some way.

Maybe an institution and their client/s who are heavily invested in Brainchip are trying to cause some turmoil, so as to create an opportunity for a takeover situation.

Seeing that Brainchip's management and retail shareholders have control of a takeover decision, an institution maybe looking at other avenues of creating a takeover situation.

Not sure how this could eventuate, just a thought that came into my head.

 

[Diogenese]

Yes @Diogenese, I have heard the story before regarding the Ford stuff up, but I don't subscribe to the rest of the story re gun shy ASX etc.

The fact is there are quite a number of tech start ups on ASX which are making "Non Price Sensitive" Anns every day. I would be interested to hear what the ASX Announcement platform has to say about yellow cards or even the dreaded red card, because if they do, then there should be an official explanation to outline their Announcement policies.

Is it a real thing or imagined, I do understand that current BRN management seem to have an inordinate fear about it, and for myself I would be much happier if BRN could find their way toward actually initiating a dialogue with ASX about a reasonable explanation on how the ASX Ann platform works; and then some kind of communication from BRN about what the facts of this matter are - to their long patient retail share holders.

In the meantime BRNs listing on the Nasdaq is but a far distant mirage at this point, while I remain much more concerned with gathering not so distant black swans.

Hi McH,

The yellow card is of relevance to the NYSE. It may count against us when we have to prove we are a fit and proper entity, or whatever character test they apply. Out here in the wild ASX badlands, the rustlers are the sheriff.

One of the NYSE listing requirements is a copy of good standing certificate from jurisdiction of incorporation.

If memory serves. some time ago someone posted a statement from a company spokesperson to the effect that the company does liaise with ASX about announcements.

 

[Esq.111]

Afternoon Chippers ,

Eyeballing the five day chart at one min duration..... getting that feeling should see some decent volume punch through in one hours
time .

Also on the two month chart at one day volumes .... could very well see some substantial volumes....thinking around the 20 to 30odd million volume size.

All just me gut feel .... Not financial advice.

Regards,
Esq

 

[Esq.111]

Well i've cracked the first beer on the above .... the anticipation got me .... guessing ten minutes to go....

Not Financial Advice.

Esq.

 

[wilzy123]

Just proofs what this place is becoming Have a great day.

Proofs?

 

[Esq.111]

Second beverage cracked ...... it wants to.....

Akiba Ballista....

Esq,

 

[buena suerte :-)]

Second beverage cracked ...... it wants to.....

Akiba Ballista....

Esq,

 

[Esq.111]

Afternoon Buena suerte : } ,

Tizz not a science but a gut feel / intuition honed over many moons looking at market manipulation in too much detail.

.

Regards,
Esq

 

[buena suerte :-)]

Afteronno Buena suerte : } ,

Tizz not a science but a gut feel / intuition honed over many moons looking at market manipulation in too much detail.

.

Regards,
Esq

Afternoon Esqy ... Love ya work mate ..Cheers

 

[TECH]

Thanks for your response @Xray1, so my recollection of that vote against Peters' re-election was correct, and as you have put it, it was in 2022.

So IMO there was no way retail holders would have supported that vote against PvDM. I didn't say it in my previous post on this subject, but I wouldn't be surprised if these votes at the last 2 AGMs were the result of institutions playing games, and yes also exercising their rights as shareholders.

It is pure speculation on my part, but that is what I have felt since the 2022 AGM, and I feel the same about what took place at this years AGM, malevolent actors working at undermining confidence in BRN and undermining price appreciation.

I welcome any feedback, or other research to give more flesh to the bones of this matter.

Hello,

After the AGM in 2022 I spoke with three individuals whom I can't name in regards to the volume of votes to try and unsettle Peter
from our Board.

I do believe it is known which entity/individual was attempting to make a statement, was it a former disgruntled employee ? I reserve
my opinion as it's now water under the bridge.

Any shareholder whatever their category attempting to remove our Founder would be committing suicide, both Peter and Anil will
retire in their own good time or earlier if illness effects their ability to function at the high levels that they both set for themselves, in my
opinion for what it's worth.

Nvidia has always been the company that I've believed may make a play for us over the next 5 years, yes it's a guess, but a good one !

Regards....Tech

 

[Cirat]

Hello,

After the AGM in 2022 I spoke with three individuals whom I can't name in regards to the volume of votes to try and unsettle Peter
from our Board.

I do believe it is known which entity/individual was attempting to make a statement, was it a former disgruntled employee ? I reserve
my opinion as it's now water under the bridge.

Any shareholder whatever their category attempting to remove our Founder would be committing suicide, both Peter and Anil will
retire in their own good time or earlier if illness effects their ability to function at the high levels that they both set for themselves, in my
opinion for what it's worth.

Nvidia has always been the company that I've believed may make a play for us over the next 5 years, yes it's a guess, but a good one !

Regards....Tech

Absolutely agree Tech!

Peter & Anil are critical to the ongoing value and ultimate success of the company. If a particular person or people are trying to unsettle Peter then I believe they are very petty and misled in their intentions as they also will lose - stupid business decision and petulant.

I also believe once Brainchip signs 2 or more large IP deals then no doubt takeover offers will be formally presented (maybe even earlier who knows). I have no idea if that will be positive or negative for me personally when the time to vote on the offer arrives. At this point my preference is for Brainchip to grow to the behemoth I know it can and enjoy the dividends.

Just my musings on Brainchip's possible future that may still be a long way out.

This is not Financial Advice, DYOR, GLTA

 

[IloveLamp]

https://www.extremetech.com/computing/amds-monstrous-mi300-finally-arrives-carrying-the-companys-ai-hopes-and?utm_source=flipboard&utm_content=ExtremeTech/magazine/Extreme+Computing&es_id=10d579b451

 

[Tony Coles]

Well, they are going to have to do that a few more times because that 22,226 buy is me at 16.5c. It started at 25,000 and going down in bits. Very hard to watch, It's like pulling teeth.

SC

Well done on your purchase Space Cadet, hope you 100x

 

[McHale]

Hello,

After the AGM in 2022 I spoke with three individuals whom I can't name in regards to the volume of votes to try and unsettle Peter
from our Board.

I do believe it is known which entity/individual was attempting to make a statement, was it a former disgruntled employee ? I reserve
my opinion as it's now water under the bridge.

Any shareholder whatever their category attempting to remove our Founder would be committing suicide, both Peter and Anil will
retire in their own good time or earlier if illness effects their ability to function at the high levels that they both set for themselves, in my
opinion for what it's worth.

Nvidia has always been the company that I've believed may make a play for us over the next 5 years, yes it's a guess, but a good one !

Regards....Tech

Well that's interesting @TECH, because the entity or individuals you allude to had 109 million votes they used to vote to unseat Peter, but as you said "I reserve my opinion as it's now water under the bridge".

What I have been speculating on really is; could there be a relationship between the actor(s) who voted against PVDM at AGM 2022 and possibly the actor(s) who voted down the remuneration package at AGM 2023.

Both actions could be construed as "not a good look for the company" for market participants or share holders or investors who might be considering buying into BRN.

At current Market Cap BRN is very cheap, but I wasn't speculating about takeovers, and quite frankly that would be one of the last things I want to see at the moment, having lost so much paper money on this particular investment since early last year.

 

[Yoda]

Things have taken a lot longer to get moving than we all imagined. When realistically do we think we will see some revenue and some of the EAP's take an IP Licence now that Akida 2 is out there and available? I believe it will come but I know there are people on this forum better placed to answer (ok, provide educated speculation) on those questions. (I guess I just need a pep talk today . . . )

 

[TECH]

Well that's interesting @TECH, because the entity or individuals you allude to had 109 million votes they used to vote to unseat Peter, but as you said "I reserve my opinion as it's now water under the bridge".

What I have been speculating on really is; could there be a relationship between the actor(s) who voted against PVDM at AGM 2022 and the same actor(s) who voted down the remuneration package at AGM 2023.

Both actions could be construed as "not a good look for the company" for market participants or share holders or investors who might be considering buying into BRN.

At current Market Cap BRN is very cheap, but I wasn't speculating about takeovers, and quite frankly that would be one of the last things I want to see at the moment, having lost so much paper money on this particular investment since early last year.

That narrows the field (109 million votes) doesn't it ?

AND...takeover within the next 5 years, that is by 2028 is also factoring in the ages of our Founders who can't go on forever, maybe their
wives also have a say, as in....relax and lets enjoy the finer years of our life with family and grandchildren...just saying

Nice to see you posting more than usual, good one McHale

Regards...Tech