It's being traded more than just an ADR in the US and sold by a few different brokers (I use Fidelity since I have my retirement accounts there). It trades under two symbols on the OTC market, BCHPY (the ADR) and BRCHF (the actual BrainChip stock).
I have purchased some ADRs, only because they do not incur any extra fees; they are, however, higher priced as each one represents 40 shares of the underlying BRN stock. I keep these in my accessible investment account as I plan on selling those first when I feel the need to do so. I do have plans to hold those shares for at least a year though, to minimize my tax liability.
BRCHF, on the other hand, has a $50 US foreign transaction fee. While I feel this will more than be covered 3 to 5 years from now, I feel I need to buy as many shares as possible at once to minimize the cost-to-share ratio. These shares are in my retirement accounts, and represent the majority of my holdings in BrainChip. I will not be able to access those funds for several years to come, and because of this, it is easier to bear the fluctuations of the stock over the long term.
I have done my part to let friends and family know about BrainChip, and now that they have offices in the US, I'm sure word is getting around.
JD...
If word is getting around like you're sure it is, the reaction is a bored "meh" followed by a big yawn, in my opinion.
Everything you say, except that, is true and I am aligned in my Brainchip investment not unlike you. However, you and me and all our friends and family are doing bupkis to budge the stock price on the OTC marketplace.
To state the obvious which is akin to crashing through open doors.....THERE IS NO INTEREST IN BUYING BRAINCHIP SHARES ON THE USA MARKETS, at least at the moment, and as proven by the ongoing pathetic OTC trading volumes.
And sure, we (and the markets) are mired in a bunch of worldwide macro mud at the moment, but no one in America is going to buy Brainchip. Not anytime soon, and regardless of the USA office location, awkwardly located hundreds of miles south of where it should be (Silicon Valley).
A 400-500% increase in revenues last quarter (year over year) didn't inspire buying. Maybe if they produce 20 million soon, that might nudge the volume upward and the stock price too, but if the chip processor industry all know who Brainchip is, per Sean Hehir at the AGM, what is the reason there is not more interest, let alone excitement, in buying shares? ..... Yeah, ......I don't know, either.
Is this apathy a function of the lethargic price action of BRN on the Australian markets due to a lack of any recent positive headline news releases? Yes, I'm sure that's a part of it. Because to be fair, when the Mercedes news broke the volumes on the OTC was noteworthy. But the action in BRCHF on Friday was what,.... 3,000 shares +/- ? Sad. BCHPY (ADR) volume was, ....wait for it,....are you sitting down,....drum roll .......... 13 shares!!!
But what about some of our recent partnership announcements? Noteworthy? Yes. Stock price moving? Alas, no. To me, the ARM Holdings partnersip announcement was (is) HUGE. When I get depressed about the price action (infrequently) I go look at the "our partners" section of the ARM website and smile. I think this partnership with ARM is incredibly significant. Much more significant than the Mercedes announcement, again,....imo. But in America,.......crickets, .......at least on the OTC where BRCHF hovers around mid to low sixty cents.
There is absolutely nothing lighting a fire under American investors, retail or institutional, at the moment. There is NOBODY jumping around about this stock and THAT is a House of Pain that I live in because I am, like Mr. Delekto, an American retail investor hoping and anticipating great things (eventually) and volumes that are skewed toward more buyers than sellers for obvious reasons.
Am I annoyed by the lack of interest. Hell yeah. I find it vexing, and honestly do not understand it. I have previously accused Integrous of not delivering on their strategy to improve results in commercial investment opportunities in Brainchip investment. I stand by that. What are they doing to generate institutional interest in our investment? Very little as far as I'm concerned based on the ongoing volumes.
And why are retail investors in BRCHF shares once again paying a $50 foriegn transaction fee when it had dissappeared for a couple of months? That is a ridiculous charge in this day and age, thank you very much.
I am not a downramper. This Brainchip story is awesome and I feel lucky to have found it, and am long and strong for years to come. I am not impatient. I understand product cycles and new tech implementation and the challenge(s) to introduce new technology to the world.
But come on....seriously, the word is clearly NOT getting out about Brainchip in the USA because potential investors, retail especially but also institutional (i.e. Ark Invest) are not rushing in as a result and that causes me some concern. Why? Why am I invested in this company and others, some massively smarter than me, may not be? What is holding them back? What company offers significant ROI, ...Intel (for example) or Brainchip? You know where I stand (...and no, I do not own Intel).
Good news continues developing, lot's of presentations, good hires, ...but America seems to not see our unfolding story. And I don't get it.
This American lack of interest in owning Brainchip shares should be keeping Brainchip executives awake at night even if they espouse that the stock will do what the stock will do.
Regards, dippY
My opinions only, ...no stock advice given or intended.
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