BRN Discussion Ongoing

[Deleted member 118]

I think all this talk on listing on the NASDAQ is very premature as it was stated in May at the AGM that the board had not even considered the question as they have other pressing decisions to be made. The company is focusing on growing as fast as possible and at this stage to be planning on that listing would be a distraction IMO. Don't get me wrong, I wouldn't complain if Brainchip were to list.

Why would listing be a distraction right now ? Especially if you have people within the business or out that can preform the transition for you without effecting the daily operations.

 

[Diogenese]

Why would listing be a distraction right now ? Especially if you have people within the business or out that can preform the transition for you without effecting the daily operations.

Do we qualify for NYSE listing?

 

[Rskiff]

Why would listing be a distraction right now ? Especially if you have people within the business or out that can preform the transition for you without effecting the daily operations.

A small head count for one.

 

[alwaysgreen]

Do we qualify for NYSE listing?

What are the rules to be listed on NASDAQ?

To be listed on the NASDAQ exchange and reporting system, the following requirements:

- Shareholders Equity of at least $2,000,000 - tick
- At least 100,000 shares of public float - tick
- A minimum of 300+ shareholders - tick
- Total assets of $4,000,000 - tick
- At least two market makers - tick (I think)
- $3 minimum bid price of the company stock - NOPE
- Public float market value of $1,000,000 - tick

So we are close. May need a share consolidation or a nice uptick in the share price (minimum $3 USD).

 

[Deleted member 118]

Do we qualify for NYSE listing?

No but there is nothing stopping the company having it ready for submission with the only thing holding it up being is the $3 SP and once submitted it can take a few weeks to be listed. Any decent news could easily send us to this SP and above and as long as we stay above $1 we wouldn’t be delisted

 

[alwaysgreen]

No but there is nothing stopping the company having it ready for submission with the only thing holding it up being is the $3 SP and once submitted it can take a few weeks to be listed. Any decent news could easily send us to this SP and above and as long as we stay above $1 we wouldn’t be delisted

$3 USD is $4.29 AUD.

We are still a ways off this imo. If the company calls for a share consolidation, then it would be safe to say it's for NASDAQ listing.

Ive said before though, they probably haven't even talked about it as mentioned by Antonio Viana. They are focused on what they say they are. Building partnerships and selling IP. Let's make a profit before we list imo. I hope that is the boards focus too.

 

[Deleted member 118]

$3 USD is $4.29 AUD.

We are still a ways off this imo. If the company calls for a share consolidation, then it would be safe to say it's for NASDAQ listing.

Ive said before though, they probably haven't even talked about it as mentioned by Antonio Viana. They are focused on what they say they are. Building partnerships and selling IP. Let's make a profit before we list imo. I hope that is the boards focus too.

but I do think the company is or should be prepared

 

[alwaysgreen]

but I do think the company is or should be prepared

I don't really agree. Short term, listing will likely give us holders a bit of a sugar rush if the liquidity helps drive the price up but I think at this stage, every ounce of our teams energy should be focused on getting Akida out to the world. Preferably making us cash flow positive so there are no further cap raises or dilution.

Then, dedicate some resources to listing.

Imo of course

 

[Deleted member 118]

$3 USD is $4.29 AUD.

We are still a ways off this imo. If the company calls for a share consolidation, then it would be safe to say it's for NASDAQ listing.

Ive said before though, they probably haven't even talked about it as mentioned by Antonio Viana. They are focused on what they say they are. Building partnerships and selling IP. Let's make a profit before we list imo. I hope that is the boards focus too.

It can be as low as 2usd$

 

[Perhaps]

Hey Brain Fam,

Here's a couple of interesting snippets from an interview with Mercedes-Benz CEO Ola Källenius, in which he talks about working together with Nvidia on the next generation of autonomous automated drive systems which are going to be in the market towards the end of 2024 into 2025. He also talks about teaming up with Bosch on a Level 4 system.

So, this would appear to confirm, by virtue of our partnership with Mercedes, that we will also be teaming up with both Nvdia and Bosch. Rob Telson mentioned in a podcast that he could envisage Nvidia more as a partner in the future and "by George" he was right!

B


Extract 1
View attachment 12881

Extract 2

View attachment 12882

How Mercedes-Benz CEO Ola Källenius is refocusing for an electric future

An electric G-Wagon is coming.

www.theverge.com

Just a thought on automated drive systems of a higher level. In German traffic we have lots and lots of tunnels. Inner city, Autobahn, everywhere. All those tunnels have one thing in common. While entering them you loose all signals. No GPS, no internet, just silence. Pure cloud-based solutions wouldn't work. So for every carmaker it is essential to integrate the best autonomous Edge AI available to have a full working system.

 

[Perhaps]

What are the rules to be listed on NASDAQ?

To be listed on the NASDAQ exchange and reporting system, the following requirements:

- Shareholders Equity of at least $2,000,000 - tick
- At least 100,000 shares of public float - tick
- A minimum of 300+ shareholders - tick
- Total assets of $4,000,000 - tick
- At least two market makers - tick (I think)
- $3 minimum bid price of the company stock - NOPE
- Public float market value of $1,000,000 - tick

So we are close. May need a share consolidation or a nice uptick in the share price (minimum $3 USD).

Add US$ 750k net income in the latest fiscal year or in 2 of the last 3 years.
When looking for listing requirements, take care of the different options.
This is for Nasdaq capital market, the only relevant option, cause it has the lowest entry level.

What are the Listing requirements for the NASDAQ?

Below is the guide for the listing requirements for the relevant NASDAQ market - the NASDAQ Capital Market. The primary consideration is the "Market Value of Publicly Held Stock" which essentially means stock that is in the hands of investors, not insiders. As an example, if your company had...

www.manhattanstreetcapital.com

NASDAQ Global Market Composite: Meaning, Tiers

The NASDAQ Global Market Composite is an equity index of 600 global stocks.

www.investopedia.com

 

[Bigfella195]

I don't really agree. Short term, listing will likely give us holders a bit of a sugar rush if the liquidity helps drive the price up but I think at this stage, every ounce of our teams energy should be focused on getting Akida out to the world. Preferably making us cash flow positive so there are no further cap raises or dilution.

Then, dedicate some resources to listing.

Imo of course

My personal experience with an ASX listed company shifting to the NASDAQ was a disaster. Trying to communicate with the company and with Computershare US, which still operates using snail mail, from Australia was a nightmare. The business ended up in receivership and trying to sort out what happened to my share holding took months of emails and direct calls at midnight, ended up lost everything. Many lessons learned and a very sour taste about NASDAQ listing.

I realise it will happen eventually, but it is expensive and I hope it does not happen in the near future. When it does happen I won’t agree unless it is a dual listing on ASX and NASDAQ.

 

[yogi]

Hi all,

I was disappointed yesterday.

Especially when reading the constant whining and some of the insults on this Forum.



I choose to maintain a positive healthy frame of mind and I take control of my surroundings to make sure it stays that way.

I’ve recently started ignoring some people as its exhausting reading their negativity.



Obviously I don’t want to be in a room full of confirmation bias either.

Honest, robust discussion about the company is preferred; and we don’t all have to agree on everything to get along.

Different points of view are appreciated. But let’s lose the insults please.



The share price is always going to look like a heart rate ecg; preferably on an incline.

We all know price will go up… and down.

Yesterday hurt all long term holders but it has no consequences on the success of the company.



In my opinion we have hired brilliant, qualified people to manage the company. They are highly skilled in their fields.

We’re all armchair experts; however these people actually have the skill set, experience, ambition and determination necessary to steer our company to success.

View attachment 12864
View attachment 12865

We’ve heard them all speak. It would be disrespectful to suggest they’re all not passionate and working hard for the success of this company!

We know the company has the top of class, first to market neuromorphic processor.

We know there is a growing market for the product.

We know we are in the early stages of commercialisation.

I am confident we are de-risked so over the long term the company should become profitable which will make the SP grow.

We already have some massive partners who are going to help grow the company:
Arm, SiFive, Edge Impulse, NVISO, PROPHESEE

We have awesome customers including Mercedes, NASA and VALEO, RENESAS.

If, as we suspect Akida is to be used in Valeo’s Scala III Lidar then all we have to do is wait for it to be released in 2024 and the price will skyrocket. I would not want to be listed on the NASDAQ until then. I want to enter the NASDAQ as a winning company with strong revenue in great demand!

I read somewhere recently there are up to 70 sensors on a new vehicle: that is a massive market potential of which we are in the box seat!

We all should by now understand the importance, both morally, commercially and legally why BRAINCHIP adheres to NDA’s. Success of the company is linked to it. I’m not sure why as shareholders we would want to undermine the company’s strategy which could damage our reputation and impede customer enablement.

In my opinion there are plenty of reasons there to feel secure with your investment.
If you want to feel more confident have a look at Bacon Lover’s Iceberg.
Read all the research UIUX has kindly put forward; it’s awesome.
Review some of FF great posts.

So much work has unselfishly been done by many others on the forum to enable us shareholders to learn about the company. All we have to do is take the time to read it!

I have read their research and logical statements; and I am extremely confident of where we are headed.

Please next week can we discuss and follow the Company, not the fluctuating share price!

Enjoy the weekend good people!

Couldnt agree more mate. One thing I learned so far while investing is, keep your emotions aside and think wise.

 

[Deleted member 118]

Couldnt agree more mate. One thing I learned so far while investing is, keep your emotions aside and think wise.

 

[ndefries]

I totally agree with this. Peter seems a very down to earth genius. He used the words explosive growth which people don't normally use to describe hopeful sales. I am currently in Iceland exploring and BRN is like a volcano ready to erupt. It's why we got the shares so cheap vs two years from now. It comes with a need to be patient. It's incredible seeing the institutional increase in holdings. To have this many shorts outstanding that need to be bought back and our SP is over a $1 that is some underlying demand that is coming. My view is that later in the year we will get more announcements and likely some more partnerships shared as marketing. There is plenty of time till 2024 and if we are a secret item in autonomous driving it's likely that all of this stays hidden unfortunately. I hope some Akida 2000 news is dropped by September that will drive our lead further.

 

[BaconLover]

NASDAQ listing, as much as I love it, it's not anywhere near in my opinion.
Not an accountant, but I think I am reading this right, correct me if I am not.

Our revenue was significantly lesser, and we have a long way to go.
I love Brainchip, but let's get real here.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

 

[Tothemoon24]

NASDAQ listing, as much as I love it, it's not anywhere near in my opinion.
Not an accountant, but I think I am reading this right, correct me if I am not.

Our revenue was significantly lesser, and we have a long way to go.
I love Brainchip, but let's get real here.

View attachment 12898

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Totally agree BL , a listing in the big league is certainly something to look forward once we are a proven consistent revenue company .

Imo we want the yanks to know who we are before we arrive .

 

[robsmark]

We need to walk before we can run. If/when BRN proves that it can generate and build revenue for a year or two, and builds its market cap to say $10b aud, then it would be ready for the NASDAQ in my opinion. Any sooner and it’ll get eaten alive. There’s bigger fish that play in the ASX, but in the larger US markets there’s sharks.

I honestly find this NASDAQ talk a little cringey given how young we are. Don’t get me wrong, eventually it’ll need to happen, but there’s plenty more room to grow on ASX first. This was discussed at the last AGM and it seems directors and management feel the same.

Be careful what you wish for.

 

[DingoBorat]

In relation to Nvdia's Hyperion 8, it says here in a previous article I posted here #15,454 that "the long-range Luminar Iris sensor will perform front-facing lidar capabilities" but "the radar suite includes Hella short-range and Continental long-range and imaging radars for redundant sensing. Sony and Valeo cameras provide the cutting edge in visual sensing, in addition to ultrasonic sensors from Valeo for measuring object distance."

And, if I didn't know any better I would consider it eminently possible that our little AKIDA BALLISTA BABY could be what is enabling the Nvdia Drive Chauffeur and Concierge to work????

Someone tell me I'm wrong. Honesty, I would prefer it if you didn't but, please feel free to go ahead if you must.


View attachment 12889




I beleive that Lotus, QCraft, Human Horizons and WM Motor have already chosen Drive Orin Hyperion 8 for their future vehicles, joining others such as Mercedes-Benz, Volvo, Nio and VinFast just to name a few.



Check out the Nvdia Drive Chauffeur here.

Hey, Nvidia, park my car: Drive Concierge and Chauffeur AI tech announced

Announced at GTC this week, Nvidia's new AI technology is sort of like Siri if you could ask her to valet your car.

www.cnet.com

Why have you underlined the "sensor suite" part Bravo?
We don't make sensors, although we do enable them ..

I think, we are definitely working with Nvidia, which probably started through Mercedes, but in what capacity, is the big question??

As a few have said before, some of the majors, instead of pushing ahead, trying to "re-invent the wheel" are just going to use and incorporate our tech, for the simple reason, that it just makes financial sense.

 

[Fullmoonfever]

For those interested in the potential of Nasdaq listing whenever it may eventuate, via direct or as I previously posted awhile ago, via SPAC (my preference)...some info and sites that you can drop in on to track possibilities.

SPACs and de-SPACing – What Australian companies need to know

www.herbertsmithfreehills.com

SPACs have surged in popularity in the US$83 billion of capital was raised by US listed SPACs in 2020 (a 513% increase from 2019),1 and the capital raised by US SPAC listings so far in 2021 has already exceeded that amount.2 US listed SPAC IPOs accounted for more than half of the overall US listed IPOs in 2020. In terms of the increase, whilst there were 59 SPAC offerings in the US in 2019, in 2020 there were 248, representing a 320% increase.

ListingTrack | Redirection

Welcome to ListingTrack! We are excited to have you on board.

spactrack.io

List of SPAC Units

List of publicly traded units issued by special purpose acquisition companies or SPACs

stockmarketmba.com

https://www.nasdaq.com/market-activity/ipos