jtardif999
Regular
He’s still listed in the top 20 AFAICT." I would say he most likely sold out some time ago" everyone has an opinion but mine is that FF has definitely NOT sold out!!!
He’s still listed in the top 20 AFAICT." I would say he most likely sold out some time ago" everyone has an opinion but mine is that FF has definitely NOT sold out!!!
For sure. Usually a price drop like this follows a significant poor announcement by a company. Today's huge volume and drop have not been preceded by any specific event so I guess we can just say the shorters have spooked some (lots) of weak hands.BRN has a great product and a bright future but part of the immediate problem with the SP in my view is that the CEO made representations that we would see significant income in Q4 2022 and there have been other representations to the effect that we would see a lot of sales and that hasn't happened so far. The company needs to reset expectations. If significant sales have not been achieved then it would help to explain what they foresee as the revised timeline and pathway to profit.
For my part, I would also like greater explanation as to the legal and commercial aspects of the partnerships. Is there a partnership agreement with the partners? If so, what are the key commercial aspects? Do we expect to eventually profit from the partnerships and if so how so? None of this has been adequately explained in my view (if it has please feel free to correct me) and would help shareholders better understand the partnerships.
Having said that I am a LTH and I haven't sold a single share and I'm not going to because I have faith in the product and future of the company. BRN already has IP agreements and a significant international early adopter in Mercedes Benz (which was never announced by the company so how many other Mercedes Benz are there out there?) I believe it is just a matter of time but of course in the meantime it is not pleasant to see the SP slide and then drop like this and I understand people's frustration with not being where perhaps we thought we would be at this time. However, in my view this is just a temporary malaise and the future remains as bright as ever.
Yep, tough day for all holders.For sure. Usually a price drop like this follows a significant poor announcement by a company. Today's huge volume and drop have not been preceded by any specific event so I guess we can just say the shorters have spooked some (lots) of weak hands.
Annual report due soon, followed by AGM. For those of us wanting company announcements there isn't really too long to wait.
I wouldn't be surprised if the dust settles overnight and there's a bit of a rebound tomorrow - totally my opinion and I've often been wrong before.
As for management's reaction I'm not sure how it would be taken by other CEO's (customers) if Sean was seen to be addressing SP concerns at every big drop in ASX value. He needs to exude confidence and control during negotiations.
Nevertheless a tough day for all holders
1 x Dim sim = 3 BRN Shares .
I akidya not
Loyal BRNers.
There's a fireside chat coming soon.
Laguna Hills, Calif. – February 14, 2023 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, today announced that the latest episode of its “This is Our Mission” podcast is an inside-looking-out conversation among top BrainChip executives. The podcast will be published on February 19 at 3:00 p.m. PST and shared across the company’s podcast platforms, the @BrainChipInc YouTube channel and the BrainChip website.
This informal, “fireside chat”-style conversation features BrainChip founder and CTO Peter van der Made, Chief Marketing Officer Nandan Nayampally and Vice President of Ecosystems & Partnerships Rob Telson discussing the company’s progress as well as providing their perspectives on the AI market today and what the future holds.
“It’s been a while since we have taken an inside-looking-out approach to our podcast series, so I was very excited to have the opportunity to join Peter and Nandan on this episode to provide listeners with a better understanding of who we are, what we are doing and where we are going,” said Telson. “In addition to their front-row perspective of how things are evolving at BrainChip itself, both gentlemen are proven thought leaders and industry experts in the world of AI at large. Our audience will come away from this podcast with a better idea of current IP offerings and the direction the market is heading for years to come.”
The “This is Our Mission” podcast provides AI industry insight to listeners including users, developers, analysts, technical and financial press, and investors. Past episodes are available at https://brainchipinc.com/brainchip-podcasts.
About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY)
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, AkidaTM, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables edge learning local to the chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today’s workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like Tensorflow/Keras. In enabling effective edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future, for its customers’ products, as well as the planet. Explore the benefits of Essential AI at www.brainchip.com.
Follow BrainChip on Twitter: https://www.twitter.com/BrainChip_inc
Follow BrainChip on LinkedIn: https://www.linkedin.com/company/7792006
###
Media Contact:
Mark Smith
JPR Communications
818-398-1424
Investor Relations:
Tony Dawe
Director, Global Investor Relations
tdawe@brainchip.com
The post BrainChip Executives Discuss the Future of AI in Latest ‘This is Our Mission’ Podcast appeared first on BrainChip.
Read On BrainChip.com
Many LTHs that as you say are happy to ride the ups and the downs in the SP were sitting on losses of between 60 and 70 percent for up to 2 years - and this was back before commercialisation; the crap that many had to put up with then at the hands of manipulation to see a rerate of SP (from 3-6 cents) was unbelievable. If we all could just settle a bit and view the bigger picture here..? Commercial phase is now 14 months in and on the verge of realising some products in the market. That wasn’t the case back when we were 3-6 cents.The share price drop today is the result of a confirmed downtrend in the technical analysis. Any person that has access to up to date charting or an advisor would have been warned about a descending triangle pattern coming to the pointy end and the fact we confirmed a downward trend over the last few weeks.
What I believe has happened is at the end of the descending triangle people have to decide if the share price will go up or down, the company has had no ASX listed announcements or any significant news or material contracts lately so why would you predict the share price to bounce into a bullish run?
I for one believe in the company and held a significant amount of shares in it, but even I sold last week as I couldn't see the price bouncing up, I did this because I don't like watching my money go down the drain. I will buy back in once we have found the bottom and hopefully ride a trend upwards.
I understand for long term holders who have an average buy in price significantly lower that they are happy to ride it up and down but for people who have invested and are down or sitting at break even, do yourself a favour and seek some advice on charting instead of just listening to people saying they are calm and happy about the share price tanking because this will result in you just loosing money.
My thoughts anyway, DYOR
Well said and I agree with everything that you said.I am relaxed as well.
Nothing has changed about the company apart from the SP( numbers on a screen)
I don't plan to sell in the short term and I didn't invest money I am not afraid of losing.
Of course there is valid criticism to BRNs (lack of communication/ no signed commercial license's lately) which should be addressed at the AGM.
Not to kick people when they are down but IMO the harsh reality is some people here have made what I would call "poor" financial decisions and are now in a panic due to putting money they are afraid to lose in a high risk stock like BRN and are taking it out on management.
Good luck to everyone and I hope the SP recovers soon!
lucky you I’m still waiting for my acn from my accountant, maybe I’ll be lucky and get em in the 40sJust increased my holdings by 33%, via my SMSF.
Thank you shorters, LDA Capital and soft serves.