BRN Discussion Ongoing

Plebby said:

Out of curiosity Pom,

Are you a real human or just a GIF look-up tool?

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Pom down under said:

How’s your January 2025 prediction going now?

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A lot has happened over the last 1.5 years, most of it very positive.

In another 5/6 months I'll consider my position, my belief in our company hasn't changed to be honest, but like ALL shareholders
the lack of any real early revenue is becoming a real concern.

For major companies to just completely change direction, or in some cases, reverse direction and adopt our very disruptive
technology at the drop of a hat, has proven to be a major hurdle, I believe I am like ALL shareholders and to some degree the
company executive, the timeline has and is a lot longer than we all envisaged, I certainly have learnt that the product cycle is between
3/4 years, I wish I had sold all my shares at $2.00 + and been sitting on the sidelines as we slid all the way back to 14c !!!!

BUT LIFE GOES ON.

I will go as far as to say, if Sean can't get a few companies over the line before the next AGM, he will be under serious pressure to
fall on his own sword, but I still have confidence he will deliver, if come January and we are still treading water, I'll be halving my holding,
this will be a personal decision, not financial advice, as you get older, you can't live off the smell of an oily rag.

The Brainchip BOD can only control what they can control, if no major company wishes to 100% back us currently (by signing an IP License) well, we just have to accept that as the current status quo.

So to answer your baited question, my "Personal Review" is under pressure for sure.

Regards....Tech

Fenris78 said:

I am also extremely frustrated with the words from our CEO - "Explosion of sales etc etc." Normally, I would have lost faith in management and ejected long ago... But... what keeps me intrigued and holding... isn't the words from our management... it's the validation from companies like Tata, Mercedes, NASA, the European sapce Agency, Megachips, Arm, Intel etc. I've been burnt by "lifestyle" companies in the past, spruking glossy brochures and false promises only to dissapear into receivership. But, no such company, has had the heavy weight of their industry promoting how great their product is - as Brainchip does. That alone has me keeping the faith and telling myself to be more patient.

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Hey! Don’t take it as an attack or something, but you stated you are frustrated with the words from our ceo “explosion of sales” and then you stated “it's the validation from companies like Tata, Mercedes, NASA, the European sapce Agency, Megachips, Arm, Intel etc.” why you are still invested etc. yes you are right, maybe he was too excited and and to be honest, it’s also a part of the job to spread out enthusiasm… maybe he was really sure we will have explosion of sales … but we can not ignore all the other work he is doing as you mentioned as well. So I think we should just wait a little bit more. Time Windows and plans are known to shift, especially in such a new market. But, I want to see a change as well soon! WORD

Smoothsailing said:

Why would you say back to 14cents Tech ?
We’re did you pull that number from?

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For a fair while we traded at 14c before the IFS partnership was announced.

itsol4605 said:

A new analysis of the potential of Brainchip's Akida

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You either believe ! Or you don't ?




TA - TA For now



Akida Ballista >>>>>>>>>>>>>>>>>>>>>>>>


Hotty...

Ok thanks…. My problem is why would ARM, Intel, Megachip ext keep us on their books if they were not going to use us at some point.
Obviously there is doubt in the Air as we lost two key players that worked at ARM without explanation that in it self causes doubt, and Intel just seem to have us their books to shut us up from relentless pushing from some on social media imo, however I am with you we must get something this next quarter or I will be very concerned myself

ARM at the edge

Morning Chippers ,

Some Random numbers... the last 4C Quarterly report...... $48,000.00 from customers , freeloaders or did management simply have a win with a scratch ticket ????.

According to our last Ann Report, 31st of Dec 2023 , we had 78 employees.

If we ( I ) assume each employee dose a average 36 hours per week.

78 ( employees)
× 36 hours per week.
= 2,808 hours per week
× 12 weeks. ( = one quater of the year, after taking 2 weeks off for holidays. )

=35,100 hours for the quater , sunk into R&D of our own ...& helping possible clients , for $48,000.00 return ????

* This dose not even cover the WEEKLY take home pay of our CEO.

35,100 hours ÷ $48,000 = $1.3675 pre hour return per worker.

If we worked on say an average cost of $100 per hour per individual...
= - $98.63 per hour worked x 35,100 hours = -$3,461,913.00

If we then assumed that employees time was split 50 / 50.
Ie. 50% on R&D
50% on Partnerships with clients....

Would mean we have effectively given away $1,730,956.00 in free labour for the quater to clients.

The fact that multiple quarters are similar would mean any Contract / Licence signed would require many millions just to cover the free work supplied thus far , before any positive return on our actual technology .

Expecting a fricking large contract signing SEAN. Like $5 to $10 mill at formalisation of contract , purely to cover the free work supplied thus far, with Royalties there after.

All numbers above are of a general nature.... but you get the general idea.

Regards,
Esq.

Esq.111 said:

Morning Chippers ,

Some Random numbers... the last 4C Quarterly report...... $48,000.00 from customers , freeloaders or did management simply have a win with a scratch ticket ????.

According to our last Ann Report, 31st of Dec 2023 , we had 78 employees.

If we ( I ) assume each employee dose a average 36 hours per week.

78 ( employees)
× 36 hours per week.
= 2,808 hours per week
× 12 weeks. ( = one quater of the year, after taking 2 weeks off for holidays. )

=35,100 hours for the quater , sunk into R&D of our own ...& helping possible clients , for $48,000.00 return ????

* This dose not even cover the WEEKLY take home pay of our CEO.

35,100 hours ÷ $48,000 = $1.3675 pre hour return per worker.

If we worked on say an average cost of $100 per hour per individual...
= - $98.63 per hour worked x 35,100 hours = -$3,461,913.00

If we then assumed that employees time was split 50 / 50.
Ie. 50% on R&D
50% on Partnerships with clients....

Would mean we have effectively given away $1,730,956.00 in free labour for the quater to clients.

The fact that multiple quarters are similar would mean any Contract / Licence signed would require many millions just to cover the free work supplied thus far , before any positive return on our actual technology .

Expecting a fricking large contract signing SEAN. Like $5 to $10 mill at formalisation of contract , purely to cover the free work supplied thus far, with Royalties there after.

All numbers above are of a general nature.... but you get the general idea.

Regards,
Esq.

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One of the things that keep me thinking is why would we have so many staff if the work is not there to be done. There must be a need for them or we are drastically over staffed. If there's enough work then we're still in the running to succeed. If we're over staffed then Sean will never find another executive job once the company goes under.
Now, which one seems more likely?

Flenton said:

One of the things that keep me thinking is why would we have so many staff if the work is not there to be done. There must be a need for them or we are drastically over staffed. If there's enough work then we're still in the running to succeed. If we're over staffed then Sean will never find another executive job once the company goes under.
Now, which one seems more likely?

Click to expand...

Bravo said:

Spot on @Fenris78! Well said!

I certainly don't want to speak for anyone else but I reckon you're right on the money here.

There appears to be a massive divergence between the very credible and reputable companies who claim our technology is the bees-knees, versus our ability to actually land any deals/licences.

As a LTH, I think it's incredibly difficult to understand why this is. I certainly haven't given up hope just yet. I attribute my ongoing confidence more to those companies that endorse us so much through their continued positive feedback (not that it gets announced anywhere), rather than because of anything our company seems to be doing particularly well ATM, sadly.

Maybe this will change in the near future. I certainly hope so.

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As you I wonder why we have not signed a deal yet either. All we hear is its a long process. We'll maybe the process should be better explained IMO. What is the reason for the Ecosystem and where and at what point would Brainchip recieve payment for services or in the sales cycle part like final product selling production there is alot of smoke and mirrors at this point.

Who was full of it our precious hockey stick growth leaders or our new people grinding through the contacts trying to sell a product.

We hear we have not lost an engagement yet but communication is absolutely crap on getting information.

This SPP is a crumb thrown to retail they raised the money they wanted but will they retail portion be filled? I think that they have doubt them selves that many will buy up the shares. I'm sure it's a deal but most holders that have held through are exhausted with the wait and delays with out real guidance.

They really need to look at their business structure if akida is so good build something and take market share make some money not wait for competitors to play catch up.

Flenton said:

One of the things that keep me thinking is why would we have so many staff if the work is not there to be done. There must be a need for them or we are drastically over staffed. If there's enough work then we're still in the running to succeed. If we're over staffed then Sean will never find another executive job once the company goes under.
Now, which one seems more likely?

Click to expand...

My rant was over on the other post but yes this is one thing that keeps one's faith in the tech

Esq.111 said:

Morning Chippers ,

Some Random numbers... the last 4C Quarterly report...... $48,000.00 from customers , freeloaders or did management simply have a win with a scratch ticket ????.

According to our last Ann Report, 31st of Dec 2023 , we had 78 employees.

If we ( I ) assume each employee dose a average 36 hours per week.

78 ( employees)
× 36 hours per week.
= 2,808 hours per week
× 12 weeks. ( = one quater of the year, after taking 2 weeks off for holidays. )

=35,100 hours for the quater , sunk into R&D of our own ...& helping possible clients , for $48,000.00 return ????

* This dose not even cover the WEEKLY take home pay of our CEO.

35,100 hours ÷ $48,000 = $1.3675 pre hour return per worker.

If we worked on say an average cost of $100 per hour per individual...
= - $98.63 per hour worked x 35,100 hours = -$3,461,913.00

If we then assumed that employees time was split 50 / 50.
Ie. 50% on R&D
50% on Partnerships with clients....

Would mean we have effectively given away $1,730,956.00 in free labour for the quater to clients.

The fact that multiple quarters are similar would mean any Contract / Licence signed would require many millions just to cover the free work supplied thus far , before any positive return on our actual technology .

Expecting a fricking large contract signing SEAN. Like $5 to $10 mill at formalisation of contract , purely to cover the free work supplied thus far, with Royalties there after.

All numbers above are of a general nature.... but you get the general idea.

Regards,
Esq.

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I hope you’ve taken into account all the different exchange rates

DingoBorat said:

Sorry.. Your post just reminded me of this old pearler ..

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Yep. As funny as it’s sad hahaha

Pom down under said:

I hope you’ve taken into account all the different exchange rates

View attachment 67158

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Afternoon Pom down under ,

On such a poultry return....

All numbers are worked off the Australian Peso.

Regards,
Esq.

Flenton said:

One of the things that keep me thinking is why would we have so many staff if the work is not there to be done. There must be a need for them or we are drastically over staffed. If there's enough work then we're still in the running to succeed. If we're over staffed then Sean will never find another executive job once the company goes under.
Now, which one seems more likely?

Click to expand...

This was put up 13hrs ago. I wasn't going to bother posting it, but since you brought it up:

Succinct summary posted the other day.

Liked they mentioned "analysts" are watching the stock and progress. Trust any upcoming positives / wins could encourage additional coverage by said analysts and brokers.

BrainChip Launches Share Purchase Plan to Raise Additional Capital​

BRN (BRN) Share Update July 2024 Thursday 25th​

July 2024 Thursday 25th by Michael

BrainChip Announces New Share Purchase Plan for Investors

BrainChip Holdings Ltd (ASX: BRN) has announced a new Share Purchase Plan (SPP) to raise additional capital, offering existing shareholders the opportunity to purchase up to A$30,000 in additional shares at a discounted price.

Instant Summary:​

• Opportunity to purchase up to A$30,000 in additional shares.
• Shares priced at A$0.193 each, a discount from recent trading prices.
• Target to raise up to A$3 million, with flexibility to adjust the amount.
• No transaction or brokerage costs for participating shareholders.
• Funds to support commercialisation of Akida 2.0 and development of new products.

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Details of the Share Purchase Plan​

On 25 July 2024, BrainChip Holdings Ltd announced a new Share Purchase Plan (SPP) as part of a broader capital raising effort. This plan allows eligible shareholders to purchase up to A$30,000 worth of additional shares at a price of A$0.193 per share. This price represents a 3.5% discount to the last closing price of A$0.20 per share on 22 July 2024, and a 4.0% discount to the 10-day volume-weighted average price (VWAP) of A$0.201 per share.

Eligibility and Participation​

The SPP is available to shareholders who were on the company register at 7:00 pm (Sydney time) on 24 July 2024 and have a registered address in Australia or New Zealand. The plan aims to raise up to A$3 million, although the company reserves the right to raise more or less than this amount at its discretion. The SPP will close on 15 August 2024 at 5:00 pm (Sydney time), with shares allotted on 22 August 2024 and quoted on the ASX on 23 August 2024.

Use of Funds​

The funds raised through the SPP and the broader placement will primarily support the commercialisation of BrainChip's Akida 2.0 technology and the development of the new TENNs product. Additional uses include accelerating the development of TENNs technology, creating derivatives for sales opportunities, and developing a cloud-based FPGA system for customer evaluations. The company also plans to invest in ongoing research and development and fulfill obligations under the Put Option Agreement with LDA Capital.

Risks and Considerations​

Investors should be aware of several risks associated with this investment. These include potential delays in product development and sales, challenges in customer adoption, funding risks, and the protection of intellectual property. Additionally, general economic conditions and market risks could impact the company's performance. Shareholders should read the SPP terms and consider these risks before making an investment decision.

Impact Analysis

The announcement of the SPP is likely to have a mixed impact on BrainChip's stock price. On one hand, the discounted share price may attract existing shareholders to increase their holdings, potentially providing a short-term boost to the stock. On the other hand, the potential dilution of shares and the risks associated with the company's ongoing projects could weigh on investor sentiment. The success of the SPP and the company's ability to effectively use the raised funds will be crucial in determining the long-term impact on the stock.

Investor Reaction:​

Initial reactions from investors and analysts have been cautious. Some investors appreciate the opportunity to purchase additional shares at a discount, while others are concerned about the potential dilution and the risks outlined in the SPP terms. Analysts are closely watching how BrainChip plans to use the funds and the progress of their ongoing projects.

Conclusion:​

Investors should carefully consider the details and risks associated with BrainChip's Share Purchase Plan before making a decision. The company's ability to successfully commercialise its technologies and manage the raised funds will be key factors in its future performance. Shareholders are encouraged to stay informed and monitor the company's announcements and progress.