alwaysgreen
Top 20
This downwards pressure is relentless. I really hope 60 cents-ish is the bottom here.
BRN Discussion Ongoing
- Thread starter TechGirl
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equanimous
Norse clairvoyant shapeshifter goddess
Next month podcast with Jerome Powell and how to print money.
Just kidding. Dont shoot me
Just kidding. Dont shoot me
alwaysgreen
Top 20
The drop was after a price sensitive announcement. Same as a rise, if it is after a price sensitive announcement, there is no please explain. It's pretty self explanatory.
Bravo
If ARM was an arm, BRN would be its biceps💪!
A nappy?
Your chimneysweep is very young.
Sera, another question for you, can Brainchip put in the revenue(account receivable) in the 4 C if they wish to do so? I worked in an an American EMS MNC before, I remember at every end of the quarter, we will be chasing for outputs and everything delivered before the last day of the quarter is been captured as revenue, why is Brainchip not doing so? Is it because the Australian law where the goods delivered and invoiced are not considered as revenue?
Fact Finder
Top 20
Don’t get me wrong I am not a closet masochist.
I hate to see the share price decline at least as much as the next person perhaps more.
When it was revealed that 12 million shorts were taken out I knew the price was going to be pushed down further again as they clearly bought with a view to making a profit and for this to occur the price has to go down further.
So it is what it is but the price does not affect my conviction as to whether Brainchip is a quality company.
I bought originally at 28 cents and averaged to 21 cents. I bought my full allocation in the capital raise at 6 cents and held down to 4 cents. I bought more at various times and held at $2.34 and back to now and if we go below 60 cents I will be buying more even though that will take me beyond my happy to hold for as long as it takes number.
The day to day price is irrelevant to my personal circumstances.
The important thing to me is that I see overall value acquisitive progress taking place and in my opinion that is what I am seeing every day.
My opinion only DYOR
FF
AKIDA BALLISTA
Izzzzzzzzzzy
Regular
I reckon we are going to finish red though
My understanding of this article is that they are improving CPUs, GPUs and NPUs which are not Brainchips AI chips, and they want to release sensors not chips that can do the 5 human senses. What will benefit these sensors is Akida however, if they are improving their own CPU, GPU and NPUs then akida is not taken in consideration unless improving performance somehow meant an inclusion of an AI chip. I don’t like saying this but that statement in blue above is incorrect unless it is somewhere in the full article which I have not opened
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Izzzzzzzzzzy
Regular
How to tell your wife that you havnt lost all your money unless you sell. It’s only a paper loss honey you only lose when you sell
Bravo
If ARM was an arm, BRN would be its biceps💪!
Ok B. Just so long as you promise not to start actually lifting your leg on the posts, or spraying, it will be all right.
Gosh no, Hoppy! Thankfully I have a little more decorum than that! Now, if you'll excuse me, I'm feeling a bit chilly so I'm off to throw another nappy on the fire.
Fullmoonfever
Top 20
Mkt will do what the mkt does.
Holders can only do what fits their personal situation. Buy, sell, hold obviously.
The only disappointment is that whilst prices on any stock have their peaks and troughs, it is always beneficial to be in a longer term overall uptrend of some description.
Without that we can drift or be pushed down which just create a much lower starting base than was previously in place.
Watching financials is one thing but it does unfortunately give a window of 3 months where if there is no newsflow then overall SP will fall into a wide range rinse and repeat.
For some though
Holders can only do what fits their personal situation. Buy, sell, hold obviously.
The only disappointment is that whilst prices on any stock have their peaks and troughs, it is always beneficial to be in a longer term overall uptrend of some description.
Without that we can drift or be pushed down which just create a much lower starting base than was previously in place.
Watching financials is one thing but it does unfortunately give a window of 3 months where if there is no newsflow then overall SP will fall into a wide range rinse and repeat.
For some though
wilzy123
Founding Member
Hopefully it goes up 5000 times that
Labsy
Regular
Thanks buddy, your info is invaluable! I have been accumulating but I feel I may have over done it a little...a new shareholder spread would be good to see just how things have changed with everyone else...Sorry if this has already been posted, as I haven't had the time to keep up with the posts lately..
Close to 12 million new borrowed shorts were taken out on Friday and were the main impetus for the push down, into current territory.
They tried extremely hard to capitalise on the 4C results and have succeeded in getting us here.
We won't know the real aftermath and "current" reported aggregate shorts, for a few days, as to how many of the outstanding 108 million shares (as of 25th October) were covered.
So it's important, that people realise, that the current "disappointment" in the share price, is largely manufactured.
This represents a huge buying opportunity, if you believe in the Company’s future.
Next ASX200 rebalance, will be in December however, so we will need to make some waves before then, lest we get kicked out
So the effects of that, have to be taken into consideration.
View attachment 20696
About the same time I came across BRN, I also had a small investment in what was then OGA (Ocean grown Abalone), now RFA (Rare foods Australia), not because I expected to make a huge profit, but just for the romance of the project.
They farm abalone in the open ocean near Esperance by building artificial reefs, and go scuba diving to harvest.
Well I've "lost" about 70% of my initial investment, but that's not the point of this story.
The point is that they can get away with the following in their 4C:
https://wcsecure.weblink.com.au/pdf/RFA/02590823.pdf
Rare Foods incurred a net operating cash deficit for Q1 of $538k, after commencing the Quarter with cash reserves of $795k and concluding the quarter with $67k.
Operating cashflows for the quarter included $1.264M in customer receipts, $40k of other income and operating cash outflows of $1.842M.
Payments to related parties for the quarter totalled $160K, including directors, employees, and cold storage fees.
The net operating deficit of $538k is largely attributable to our deployment activities ($413k) which continue to attract a 43.5% R&D tax incentive and the end financial year compliance and listing expenses ($108k).
The Company has now completed and lodged its FY22 R&D and tax return documentation and expects to receive the FY22 R&D refund ($1.83M) imminently, subject to ATO processing times.
The Company’s forward order book for Q2, combined with the existing $1M overdraft facility with NAB adequately supports the Company’s working capital requirements, through until the R&D refund is received.
So, because it looks like they are about to go bust, they have put in a line about expected future income, which BRN is constrained from doing, even though we have a runway of 18 months, because we are in a field which the ASX polices like a hawk.
RFA is down 6% at the present moment.
So, knowing what we know about expected future income from the previous quarter's report, do you think either of these companies is oversold?
PS: As I said, I'm just really envious of a day at the office of RFA.
They farm abalone in the open ocean near Esperance by building artificial reefs, and go scuba diving to harvest.
Well I've "lost" about 70% of my initial investment, but that's not the point of this story.
The point is that they can get away with the following in their 4C:
https://wcsecure.weblink.com.au/pdf/RFA/02590823.pdf
Rare Foods incurred a net operating cash deficit for Q1 of $538k, after commencing the Quarter with cash reserves of $795k and concluding the quarter with $67k.
Operating cashflows for the quarter included $1.264M in customer receipts, $40k of other income and operating cash outflows of $1.842M.
Payments to related parties for the quarter totalled $160K, including directors, employees, and cold storage fees.
The net operating deficit of $538k is largely attributable to our deployment activities ($413k) which continue to attract a 43.5% R&D tax incentive and the end financial year compliance and listing expenses ($108k).
The Company has now completed and lodged its FY22 R&D and tax return documentation and expects to receive the FY22 R&D refund ($1.83M) imminently, subject to ATO processing times.
The Company’s forward order book for Q2, combined with the existing $1M overdraft facility with NAB adequately supports the Company’s working capital requirements, through until the R&D refund is received.
So, because it looks like they are about to go bust, they have put in a line about expected future income, which BRN is constrained from doing, even though we have a runway of 18 months, because we are in a field which the ASX polices like a hawk.
RFA is down 6% at the present moment.
So, knowing what we know about expected future income from the previous quarter's report, do you think either of these companies is oversold?
PS: As I said, I'm just really envious of a day at the office of RFA.
Take the chimneysweep out first.Gosh no, Hoppy! Thankfully I have a little more decorum than that! Now, if you'll excuse me, I'm feeling a bit chilly so I'm off to throw another nappy on the fire.
From what I can see, if these players are trying to compete in the area of smart living, smart mobility and etc where generally, not just low energy consumption, but ULTRA-low energy consumption is required, then they will have to, at least looking at the currently available technology options, come to neuromorphic solution use Spiking neural network approach. AS CPU,GPU and NPUs just cannot achieve power consumption in micro to milli watt range. The latest Nvidia Jetson orin released in September this year can only achieve the minimum power consumption of 5 watts.
Here is an article talking about the need of combining CPU, GPU and NPU with neuromorphic computing
and by the way, can anyone with more technical background knowledge check for us if CPU, GPU and NPU with cnn approach can theoretically achieve power consumption in micro to milli watt range? @uiux @Fact Finder
Fact Finder
Top 20
That' a hard one mate. An industry known for violence and criminal activity with hardly any money to scratch itself with and China its no doubt largest market probably denied to them and quotas no doubt on what they can harvest to catch up on past losses so completely price dependent down 6%.
Against a ground breaking patent protected technology with partnerships with some of the biggest players and no quotas on how much it can produce and virtually no costs of production on its IP led by squeaky clean individuals with sterling reputations and one and a half years of cash runway in the bank earning increasing interest, R&D tax incentives to come in from multiple countries, and $28 million in secured capital if required increasing its runway to over 3 years in the absence of any income and the R&D tax incentives down 28%.
Gee that's a hard one mate as I said almost could throw a sheet of bronco over them but look I will say ... sorry just discussing with Blind Freddie ... Ok its a bit of a guess on my part but the Brain says pick Brainchip as the over sold one.
How did we go? Did we win? What do we get?
No opinion just guessing so DYOR
FF
AKIDA BALLISTA
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