BRN Discussion Ongoing

[DingoBorat]

Last full year ended Dec 2023 net loss was US$28.9M
If we are burning more cash (hopefully for good reason, apart from wages) with less revenue we could have gone through US$15M already.

How do you work out 15 million USD, over a quarter and 3 weeks?..

That's around 200% increase, from the last quarter's expenditure..

 

[gazar]

There will be noithing in the 4C that we dont already know. Unless they proide post quarter events...

Is there enough time for the acceptance of shares before the 4C ?

 

[7für7]

I can imagine that they was hearing the shareholders in the last AGM screaming “we want more marketing” so my guess is, they was calculating in the previous quarters too less money for marketing reasons. To make more marketing you need more money … since the bigest amount of money goes to development and “go to market strategy” you need to make a CR? just my innocent thoughts

 

[Bravo]

Here's hoping we receive some unexpected news of the positive variety.

 

[DingoBorat]

I can imagine that they was hearing the shareholders in the last AGM screaming “we want more marketing” so my guess is, they was calculating in the previous quarters too less money for marketing reasons. To make more marketing you need more money … since the bigest amount of money goes to development and “go to market strategy” you need to make a CR? just my innocent thoughts

I bet it was those pretty pictures in the LinkedIn posts, that we were all raving about ..

 

[7für7]

Is there enough time for the acceptance of shares before the 4C ?

Ok, how about this? If you and Bravo had bought more shares in the past instead of constantly posting here, we wouldn’t be in this dilemma and situation. Thanks for that

BRAINCHIIIIIIIIIP!!!!!!

 

[Boab]

How do you work out 15 million USD, over a quarter and 3 weeks?..

That's around 200% increase, from the last quarter's expenditur

What I should have said was we may have spent 15m since Jan 1st.

 

[7für7]

I bet it was those pretty pictures in the LinkedIn posts, that we were all raving about ..

I said “innocent thoughts”

 

[DingoBorat]

What I should have said was we may have spent 15m since Jan 1st.

That's still double last quarter's spend, for the one we just had..

Could have been extra costs associated with the VVDN Edge Boxes and other things, but around 5 million USD more?..

 

[Bravo]

Ok, how about this? If you and Bravo had bought more shares in the past instead of constantly posting here, we wouldn’t be in this dilemma and situation. Thanks for that

BRAINCHIIIIIIIIIP!!!!!!

View attachment 66895

If you must know, I topped up another 300,000 shares the other day, so there goes that theory.

 

[7für7]

If you must know, I topped up another 300K shares the other day, so there goes that theory.

Not impressed… are you in the top 10? No…

 

[skutza]

I just got off the phone with GOD. He explained to me that Mercedes are know very happy to use Akida and they will be a cornerstone investor for BRN going forward.




Then I woke up and thought, well it says CR nothing to do with a partnership deal etc. So all hopes of this are gone. We can be as positive as we want, as hopeful as you want, but reality is, its just a CR.

 

[toasty]

The announcement does not say anything about the raise being a rights issue or similar instrument. Could it be a new cornerstone investor? ARM maybe? Makes sense to me that this may be a placement type of raise. Share price is low low low so a buy-in would be very cost effective. I guess we'll find out in a couple of days......................

Note also they say the TH is to allow the raising to occur in an orderly fashion - in 2 days!! Again, to me, this hints at a deal already substantially done.

 

[Bravo]

I just got off the phone with GOD. He explained to me that Mercedes are know very happy to use Akida and they will be a cornerstone investor for BRN going forward.




Then I woke up and thought, well it says CR nothing to do with a partnership deal etc. So all hopes of this are gone. We can be as positive as we want, as hopeful as you want, but reality is, its just a CR.

Fair enough and you may be right. But I prefer to have a positive mindset in order to ward off debilitating depression for as long as possible.

Who is to say it won't be a cap raise with a cornerstone investment from the likes of Tata or Arm?

 

[miaeffect]

The announcement does not say anything about the raise being a rights issue or similar instrument. Could it be a new cornerstone investor? ARM maybe? Makes sense to me that this may be a placement type of raise. Share price is low low low so a buy-in would be very cost effective. I guess we'll find out in a couple of days......................

How about "Consortium" JV ?

 

[DK6161]

What's the plan? More bonuses.

I truely hope you're joking.
Many people don't understand that you need to spend money to make money.
Attract and pay for the best people in the industry.
Continue paying for laid research and marketing (Pitt Street).
Research new techs.
Travel and negotiate deals.
Etc.

Not advice.

 

[MDhere]

Fair enough and you may be right. But I prefer to have a positive mindset in order to ward off debilitating depression for as long as possible.

Who is to say it won't be a cap raise with a cornerstone investment from the likes of Tata or Arm?

Thanks kinda direction i'm thinking as well. Whatever it is its gotta be good news...

 

[Gazzafish]

Strange how the number of buyers and sellers and “surplus volume” all still change slowly during a trading halt… not sure how this is permitted ..

 

[Guzzi62]

Maybe they decided to tap out Akida 2000 themselves?

Or as mentioned, some big player is buying a big stake of the company?

 

[Tezza]

I truely hope you're joking.
Many people don't understand that you need to spend money to make money.
Attract and pay for the best people in the industry.
Continue paying for laid research and marketing (Pitt Street).
Research new techs.
Travel and negotiate deals.
Etc.

Not advice.

It was meant Tongue in cheek. Interesting you mention travel and negotiate deals. If heard about the travel not alot about deals. I have been in for quiet some time and the term near future has been touted for a couple of years now.