BRN Discussion Ongoing

[krugerrands]

Just a reminder that the world in a rather erratic fashion is holding its collective breath waiting for either a .75 or 1 percent rise being slammed down on the US Economy by the Fed this week.

A very quick tour of the Aussie financial rags together with a jump in short positions not just on BRN promotes the idea, in my mind only, that the manipulators are working at convincing retail that last weeks collapse did not fully value in the coming rate rise.

To my mind the tactics seem completely transparent. If I am correct this week will be a drag on the conviction of many retail investors with clean air being found by mid next week.

My opinion only DYOR
FF

AKIDA BALLISTA

A number of shares were shorted on Friday with multiples of the normal volumes, not just BRN.

I was not sure if that is because of the rebalance or the upcoming FED rate hike or both.

For example, AGY is a lithium miner that is being added to the ASX300.
~7M gross shorts on Friday ( reported aggregate shorts before Friday was only <1M - that is huge amount of gross shorts relative to net )
Of course that could just be games on the day and not result in a huge net increase.

Volume for the day 36,132,938 versus the 4 week average daily volume of 8,063,575

That is a very similar pattern to BRN in terms of volume increase ( ~47M ) on the day and gross shorts as a percentage of daily volume at ~20%

But AGY was added to ASX300.... not sure why BRN would exhibit the same.

Looking at the graphs below there was no clear pattern I could see before August.
The data was either misreported excessively or there was much more volume coming from long only participants.
But since beginning August the short position do seem to correlate with share price action.

My speculation only.

 

[Fact Finder]

A number of shares were shorted on Friday with multiples of the normal volumes, not just BRN.

I was not sure if that is because of the rebalance or the upcoming FED rate hike or both.

For example, AGY is a lithium miner that is being added to the ASX300.
~7M gross shorts on Friday ( reported aggregate shorts before Friday was only <1M - that is huge amount of gross shorts relative to net )
Of course that could just be games on the day and not result in a huge net increase.

Volume for the day 36,132,938 versus the 4 week average daily volume of 8,063,575

That is a very similar pattern to BRN in terms of volume increase ( ~47M ) on the day and gross shorts as a percentage of daily volume at ~20%

But AGY was added to ASX300.... not sure why BRN would exhibit the same.

Looking at the graphs below there was no clear pattern I could see before August.
The data was either misreported excessively or there was much more volume coming from long only participants.
But since beginning August the short position do seem to correlate with share price action.

My speculation only.

View attachment 16971
View attachment 16972

Exuberant retail buy when the price is going up.

Pessimistic shorters buy when they think the price is going down.

Manipulators and snake oil salesman never sleep going up or down they are hard at work trying to steal an additional pip or two.

And that’s just the way it is…

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Mugen74]

Exuberant retail buy when the price is going up.

Pessimistic shorters buy when they think the price is going down.

Manipulators and snake oil salesman never sleep going up or down they are hard at work trying to steal an additional pip or two.

And that’s just the way it is…

My opinion only DYOR
FF

AKIDA BALLISTA

Reading your post made me think of this

.Stay strong Brainchippers!
Akida Ballista

 

[Iseki]

I have said it before and no doubt most are sick to death of me saying DO YOUR OWN RESEARCH and HAVE A PLAN.

To be a successful retail investor you have to satisfy your own level of confidence based upon your own personal circumstances and ability to deal with risk. The only way to do this is by doing your own research as the price on the ASX does not tell you anything at all about a company.

On Friday last an event occurred with respect to another share traded on the ASX. This event logically added a quantifiable value of more than $100 million dollars to a company with a market cap of around $46 million dollars and cash reserves around $20 million less operating expenses since last report. Any normal person in the street would expect that this event would cause an appreciation in the price of the share. Well that normal person would be completely wrong WHEN IT COMES TO THE ASX OR THE SHAREMARKET.

Warren Buffet is fond of saying that it is time in the market that counts well one thing time in the market does do is educate investors to the fact that the market never ever reflects true value.

The following is an extract from the announcement so you can check what I am telling you and not as a recommendation for this share it is a speculative early stage biotechnology company but if you were selling your late parents house and the agent told you that the market price was $46 million dollars your might be quite happy. Then while packing up to get ready for auction you found a safe behind a picture you did not know existed. Upon getting it open you found it contained over $100 million in cash. The normal human reaction I suspect would be to consider that you were lucky you found it before you sold the house otherwise you would have sold something worth over $146 million for a third of its value. Well not apparently on the ASX.

Only your research can tell you what a company is worth looking at the price on the ASX on any given day, week or year is completely misleading in my opinion. RAD makes this perfectly clear. It was trading today at the same price it was before the announcement on Friday:

"Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the “Company”), a developer of a world-class platform of radiopharmaceutical products for both diagnostic and therapeutic uses, is pleased to announce that the US Food & Drug Administration (FDA) has granted Rare Pediatric Disease (RPD) Designation for its DUNP19 technology for the treatment of osteosarcoma. The RPD program is aimed at advancing development of drugs with the potential to treat serious, rare paediatric diseases. RPD allows companies to receive a priority review voucher (PRV) from the FDA at the time a marketing authorization is granted. A PRV can be used by the Company to expedite approval, or can be transferred/sold to other companies for use in the same manner. The price of two recent examples of PRVs sales have ranged from US$105 million1 to US$110 million2 ."

Did free money change RAD's price? The answer is there on the ASX for all to see.

Price of Brainchip shares as the Chairperson said will do what it will do but having done my research what it does on any given day is completely irrelevant to the fundamental true value of the company and my investment plan.

My opinion only so DYOR
FF

AKIDA BALLISTA

Sorry, Is this right:

This company has received a Rare Pediatric Disease (RPD) Designation for something.
IF that something goes all the way through to FDA marketing approval (so more than phase 3 clinical trial) then, and only then do they get a priority review voucher (PRV) from the FDA. If the company doesn't require a priority review, they can on sell it for $100M.

I mean it's a pretty big IF, isn't it?
I mean if the drug they're working on actually works then the company is probably worth a lot more, isn't it?

 

[Dhm]

I had to dive in as well as Diana Deca.

View attachment 16943

Further to my earlier post I was asked the question below. I really like to protect my ‘perceived’ reputation when asked stuff like this so may I lean on the brains trust here to respond with certainty.

 

[Andy38]

I thought so too, so added a few to the collection.

Me too!

 

[Fact Finder]

Further to my earlier post I was asked the question below. I really like to protect my ‘perceived’ reputation when asked stuff like this so may I lean on the brains trust here to respond with certainty.

View attachment 16977

This might assist it is from Forbes in an article by Michael Harley from July, 2022

"The Mercedes-Benz VISION EQXX Chassis and Design

The world's most efficient vehicle necessitates a lightweight chassis with an aerodynamic body. To build the structure, the engineering team chose to draw upon the world around them for inspiration – nature has honed high-efficiency long-distance travels over the ages…



The engineers at Mercedes-Benz went over the top with the infotainment, data streaming, and user interface (UI) technology inside the EQXX (I could dedicate a few more thousand words to the technology). Nearly all of it interacts via the colossal screen at the front of the cabin. And don't worry about the screen consuming too much power – the mini-LED backlight utilizes more than 3,000 local dimming zones to ensure electricity is only required when specific screen sections need to be illuminated.

Mercedes partnered with the artificial intelligence experts at BrainChip to develop an interface that runs spiking neural networks (information is coded, so energy is only consumed when needed). And "Hey Mercedes" utilizes neuromorphic computing, so responses are generated and delivered on-demand, versus pre-recorded and played (the engineers say this is up to 10 times more efficient than traditional systems). Another eye-opening feature is the 3D navigation system, part of a joint effort with NAVIS Automotive Systems, which allows the user to zoom from a satellite view to a height of 33 feet above the road surface. As expected, the infotainment system follows the current Mercedes-Benz Zero Layer concept that simplifies the interface by reducing menus and keeping pertinent information on the screen…



A keen observer will note the roof of the EQXX is covered with 117 solar panels developed in cooperation with the Fraunhofer Institute for Solar Energy Systems ISE. The energy captured from the sun is stored in a separate lithium-ion phosphate battery. It is used to power ancillary systems (e.g., climate blower, lights, infotainment system), thereby preserving 100 percent of the energy in the main battery for propulsion. (By reducing the workload of the primary battery, the roof panel can add up to 15 miles of range on a long journey.)"

Mercedes-Benz Vision EQXX: Driving The World’s Most Efficient Vehicle

The Mercedes-Benz Vision EQXX project started 18 months ago as a clean-sheet exercise demonstrating the Mercedes-Benz transformation into an all-electric and software-driven company. Offered top resources, its engineering team was tasked to build the world's most efficient vehicle. So they did.

www.forbes.com

 

[Fact Finder]

Sorry, Is this right:

This company has received a Rare Pediatric Disease (RPD) Designation for something.
IF that something goes all the way through to FDA marketing approval (so more than phase 3 clinical trial) then, and only then do they get a priority review voucher (PRV) from the FDA. If the company doesn't require a priority review, they can on sell it for $100M.

I mean it's a pretty big IF, isn't it?
I mean if the drug they're working on actually works then the company is probably worth a lot more, isn't it?

Here is a link that you might find interesting and notwithstanding the price even went down today. As I said I was not recommending this company I was exampling how the market is illogical:

https://ir.albireopharma.com/news-releases/news-release-details/albireo-sells-priority-review-voucher-prv-105-million

EDIT: I should have added to make it clear "Are you saying this is bad news and should have driven the price of this particular share down?"

Regards
FF

AKIDA BALLISTA

 

[Sotherbys01]

We got mentioned in dispatches.....for the wrong reason

 

[jla]

We got mentioned in dispatches.....for the wrong reason

Any news is good news.

 

[Dhm]

This might assist it is from Forbes in an article by Michael Harley from July, 2022

"The Mercedes-Benz VISION EQXX Chassis and Design

The world's most efficient vehicle necessitates a lightweight chassis with an aerodynamic body. To build the structure, the engineering team chose to draw upon the world around them for inspiration – nature has honed high-efficiency long-distance travels over the ages…



The engineers at Mercedes-Benz went over the top with the infotainment, data streaming, and user interface (UI) technology inside the EQXX (I could dedicate a few more thousand words to the technology). Nearly all of it interacts via the colossal screen at the front of the cabin. And don't worry about the screen consuming too much power – the mini-LED backlight utilizes more than 3,000 local dimming zones to ensure electricity is only required when specific screen sections need to be illuminated.

Mercedes partnered with the artificial intelligence experts at BrainChip to develop an interface that runs spiking neural networks (information is coded, so energy is only consumed when needed). And "Hey Mercedes" utilizes neuromorphic computing, so responses are generated and delivered on-demand, versus pre-recorded and played (the engineers say this is up to 10 times more efficient than traditional systems). Another eye-opening feature is the 3D navigation system, part of a joint effort with NAVIS Automotive Systems, which allows the user to zoom from a satellite view to a height of 33 feet above the road surface. As expected, the infotainment system follows the current Mercedes-Benz Zero Layer concept that simplifies the interface by reducing menus and keeping pertinent information on the screen…



A keen observer will note the roof of the EQXX is covered with 117 solar panels developed in cooperation with the Fraunhofer Institute for Solar Energy Systems ISE. The energy captured from the sun is stored in a separate lithium-ion phosphate battery. It is used to power ancillary systems (e.g., climate blower, lights, infotainment system), thereby preserving 100 percent of the energy in the main battery for propulsion. (By reducing the workload of the primary battery, the roof panel can add up to 15 miles of range on a long journey.)"

Mercedes-Benz Vision EQXX: Driving The World’s Most Efficient Vehicle

The Mercedes-Benz Vision EQXX project started 18 months ago as a clean-sheet exercise demonstrating the Mercedes-Benz transformation into an all-electric and software-driven company. Offered top resources, its engineering team was tasked to build the world's most efficient vehicle. So they did.

www.forbes.com

As per usual @Fact Finder I find myself in your debt. Based on your response to me I replied to my interlocutor:

 

[skutza]

View attachment 16963

Mercedes Level 3 Self-Driving Is Way Better Than Tesla FSD​

Sep. 16, 2022 3:01 PM ET by Sebastian Cenizo Technology 11 Comments

The German automaker is insisting on fail-safes to minimize risks.


When it comes to so-called self-driving systems, Tesla has been in the news often. In June, the automaker seemed to be returning to radar-based semi-autonomous driving technology, but a couple of months later, Tesla decided that using a camera-based system would be best, despite the obvious benefits of LiDAR and radar technology. Is Tesla onto something here?
According to Mercedes-Benz, the answer is no. The German automaker feels that conditionally automated driving, otherwise known as Level 3 semi-autonomous driving, should have numerous fail-safes built in to enable "safe control of all situations that could potentially arise." Indeed, if a camera-based "self-driving" system fails, you'll feel much safer if there is a backup system of some sort.

To maximize safety in cars with Level 3 tech, Mercedes has incorporated redundant architecture encompassing the braking system, steering, power supply, and some sensors for environment recognition and handling. Mercedes specifically draws attention to aspects of the sensor system that are "mutually collaborative." Unlike Tesla, which uses only cameras, Mercedes Drive Pilot uses optical, ultrasound, and radio wave technology to detect obstacles. With radar, camera, and LiDAR systems aboard, plus ultrasound, moisture sensors, and even microphones, the Mercedes system is better able to evaluate the road ahead no matter the conditions. With more than 30 sensors working at all times, Mercedes is able to ensure safety even if something fails.

Mercedes-Benz
Save

In addition to providing a fail-safe in the event of a sensor failure, the additional components can make up for each other's shortcomings. Mercedes chief technology officer Markus Schafer explains why the automaker is cramming so much tech into Drive Pilot-equipped vehicles:
"We are convinced that redundancy is the right approach for Level 3 automated driving and beyond. When it comes to sensors, we also see the use of LiDAR alongside radar and cameras as particularly indispensable. We can compensate for the situation-dependent deficits of one sensor with the characteristics of another. Relying on just one type of sensor would not meet Mercedes-Benz's high safety standard."
Drive Pilot has been available in the Mercedes-Benz S-Class and EQS since 17 May 2021 in Europe, making the automaker the first worldwide to receive internationally valid system approval for Level 3 driving, but the pre-installation of the brand's Intelligent Park Pilot is already taking things further so that fully automated driverless parking under Level 4 tech will be possible.

Mercedes-Benz
Save
As things stand, the Level 3 system controls speed and distance and keeps the vehicle in its own lane. When the conditions allow for it, the car can drive itself in traffic at speeds of up to 37 mph. Should one of the primary systems fail, Drive Pilot recognizes the issue and will "facilitate a safe handover of control to the driver." If the driver can't take control because of a medical emergency, for example, a safe emergency stop maneuver is initiated "that does not pose a risk to traffic following behind."
While there are sure to be some who are willing to risk trusting a system with no backups or fail-safes in place, we think Mercedes is setting an example that all should follow, Tesla included. Perhaps that's why Mercedes is the only brand willing to accept blame for an incident while Drive Pilot is active and why it's paving the way for Level 3 autonomy in US legislature.

Mercedes-Benz

Mercedes Level 3 Self-Driving Is Way Better Than Tesla FSD

The German automaker is insisting on fail-safes to minimize risks.

carbuzz.com

What we need are some follow up questions, I've got a few.......

1. Did tesla move away from lidar with cameras etc because it was consuming to much power with all those sensors?
2. If so how can mercedes do it so effectively?
3. So many sensors and systems all running just for the navigation, no wonder EV's can't run so far, what's the solution moving forward, less sensors, or smarter ones?
4. Is there a company that can make sensors smarter?
5. So with Mercedes, haven't they just beaten Tesla with the Vision EQXX for distance? 1200km on a single charge with the smaller battery, and seemingly twice the tech and sensors? Well what's in that secret sauce ?

 

[Earlyrelease]

I'm wondering if there would even be signed agreements between BrainChip and automotive manufacturers like Ford or Mercedes. While Mercedes did announce at CES that their redesigned MBUX system was using Akida, I tend to think that they are going through a Tier-1 supplier such as Valeo or Renesas.

Because the OEMs are purchasing those modules from the suppliers, the agreements might be through the suppliers themselves and we may not directly know which manufacturers are using Akida in their vehicles unless they decide to announce it (as Mercedes did). Even someone doing a "tear-down" won't necessarily know if Akida IP is inside unless the components themselves are advertised as using it.

Because of the level at which BrainChip is marketing its IP, it can cover a very large base of products with a small number of licensees. The bad news for those expecting to see a lot of announcements is that they may be few and far between, but depending on the company licensing the IP, we might see a steady growth of revenue over time.

I think that is where we need to remain focused: announcements of IP used by component suppliers and agreements with companies that create neuromorphic sensors that can bundle BrainChip's IP with their products. Well, that and announcements of new patents that will hopefully keep competition a step behind and further de-risk our investment.

All my opinion, of course, but this is how I see it playing out.

JD
I think you may have said what our CEO told us at the AGM and is spot on.

 

[JDelekto]

That just may work these days! With the lack of paper money transactions these days, youngsters wouldn’t pick up counterfeit notes.

Several modern printers have built-in stenography that can encode metadata with "microdots" that include the date, time, and identifying information about the printer (https://www.snopes.com/fact-check/household-printers-tracking-code/).

As the companies don't necessarily disclose which models support this, it would be safe to assume that the high-end color lasers do. It's certainly something I wouldn't attempt if it meant a really long vacation at Club Fed.

 

[Stable Genius]

As per usual @Fact Finder I find myself in your debt. Based on your response to me I replied to my interlocutor:

View attachment 16981

I must say I loved Diana’s conversation with Bill.

I’ve posted it below because Diana was gold!

It’s a pity Diana’s got her own company because she’s both passionate and smart. Her field of expertise is neuroscience so I’m guessing Diana could add value to the company in some capacity! Diana even has the graciousness to acknowledge Brainchip which is nice given it’s probably competition.


Enjoy!

 

[AARONASX]

I must say I loved Diana’s conversation with Bill.

I’ve posted it below because Diana was gold!

It’s a pity Diana’s got her own company because she’s both passionate and smart. Her field of expertise is neuroscience so I’m guessing Diana could add value to the company in some capacity! Diana even has the graciousness to acknowledge Brainchip which is nice given it’s probably competition.


Enjoy!


View attachment 16984



View attachment 16982

You've got to love that fact when someone working at Intel is omitting facts you know they're clutching at straws and quickly admitting defeat!

 

[Boab]

I must say I loved Diana’s conversation with Bill.

I’ve posted it below because Diana was gold!

It’s a pity Diana’s got her own company because she’s both passionate and smart. Her field of expertise is neuroscience so I’m guessing Diana could add value to the company in some capacity! Diana even has the graciousness to acknowledge Brainchip which is nice given it’s probably competition.


Enjoy!


View attachment 16984



View attachment 16982

i love this woman.

 

[David holland]

Hopefully, @FactFinder or someone else who is an expert in this space can weigh in, but in my opinion, I do not think there is a requirement for a reseller of our IP to require a licensee to also have a contract with the supplier of that IP. I think a company that has a contract like MegaChips, for example, is required to identify any products containing the BrainChip IP to pay royalties, but I do not think that a company buying MegaChips products has any type of direct contract with BrainChip (unless perhaps they are paying for any training or support).

While a company does have a responsibility to disclose any information that directly or indirectly could affect the share price, it is unreasonable to think that a company like BrainChip would know with whom MegaChips is doing business and in what products their resulting IP would be used. These could be considered trade secrets to which BrainChip would not necessarily be privy. I also think the logistics for such a practice would be impractical; how exactly deep through the supply chain does one go?

In the software world, for example, I could purchase a 3rd party component package that adds all sorts of fancy widgets to my product. The license agreement would allow me to sell my product, and if required, I may need to add in the fine print (of my application's "about box") that I am using that software component. However, I do not need to have all my customers that buy my product sign any type of license agreement with the 3rd party vendor. Furthermore, I may mix & match different components from different vendors, so someone might know my software uses component(s) from "Company A", but not necessarily which was used.

I think that how we know BrainChip's IP is being used is through its revenue stream; and even then, we may not know from which company with whom we have an agreement the revenue flow, nor how much by a licensee. They might, however, categorize their revenue as IP sales, service agreements, training, etc. I do not know the exact requirements for this, so this is just a guess on my part. It is just what makes sense to me logically.

What is royalties worth per itemm

 

[Fact Finder]

i love this woman.

I love her forthright manner.

I love her conviction.

I love her lack of fear in the face of the Intel giant.

I love she cites Brainchip.

But what I love most is she is independent of Brainchip and obviously so.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Boab]

I hope all this expected revenue is coming in $US's. The little Aussie bleeder can bleed all it likes.