BRN Discussion Ongoing

[jk6199]

Been there and done that , not fun, but thankfully my Indian doctor has small fingers,
but seriously it is best to have it physically done compare to blood tests much more accurate.
But maybe one day with Akida it could be more accurate with blood test.

As long as Akida has small fingers too lol.

 

[Cartagena]

I follow your reasoning except for the part where not locking my door is an invitation to get burgled.
Somehow magically exonerating the act.

Not sure I follow that analogy, the point I was making is the absence of an important announcement for an extended period of time via ASX and the multiple share issue announcements they were constantly releasing weren't really conducive to keeping shorters away, it has the opposite effect and attracts them. We're at 27.5 now and I'm down close to $80k on paper many here probably similar to me.

Like Gazdix mentioned below, we need an important announcement with a trading halt so the shorters can suffer and scramble away like rats.

It is mathematically daft as well. The potential gains for shorting is 99% pretty much, although no shorter would go to that level.

The top company today was 50% up on the ASX and that can go multiples or infinity pretty much for years.

Hence shorters like targeting companies that can swing the other way quicker as well, like tech companies and play both sides.

It is also more dangerous as well. I hold AVZ too, although it is a very exceptional cirumstance, they have been suspended for nearly 18 months now. I am long there and also like many others we are stuck, but shorters are stuck as well, and they rely on moving in and out of postiions. Do they think the company will resume trading if the prospects are not in their favour? They are crying over there in short land and certain newspapers <cough.. > like we have know previously at BRN are writing negative articles about AVZ's prospects.

What we need is a trading halt because of an important announcement for two days, let them suffer for a bit, then a household name signing in a joint venture with BRN would be just flippin great.

 

[Galaxycar]

If as shareholders you want a announcement from management, do this, send Investor relations a email let them know that you as a shareholder will be voting against every directors re election,voting against any issue of free shares as remuneration you request Tony Dawe be replaced. They are delusional they think very few shareholders are unhappy with their performance. Prevote with your fingers email them let them add up our votes and how many share we own.

 

[DingoBorat]

As long as Akida has small fingers too lol.

 

[Galaxycar]

You may call me a down ramper and what not, but im sick of their lies and bullshit,I voted against all at last election and will not hesitate to do it again Strike two is come just hope their is enough of brainchip as a company for someone to fix the shit this lot have created. ECOSYSTEM. I know what I’d love to do with their NDA’S and ecosystems.

 

[Straw]

@Cartagena
Yes I understand the point but I don't understand why the market needs shorters.
It simply doesn't. They need it.

 

[AusEire]

lucky you! i just bought a house so can't buy anymore for a while

Congratulations MD

 

[TasTroy77]

Not wanting to be negative... So, I am positive that for now the pain will continue.

Isn't the next 4c out in October

 

[Rodney]

You mean this afternoon?

Agree but some of the pain we are seeing also needs to be attributed to the lack of material announcements via the ASX by Brainchip and I'm not talking about their routine twitter posts or news ( Twitter isn't official) and regular news podcasts, this has not happened in a long time.
They update the market via Twitter and this strategy isn't the best as not all investors get their information from twitter. (Especially the sophisticated or wealthy)

If you look at the ASX announcement history, say for the last year, you'll see many releases involving share rights to the board members, one after the other, yet not one material contract release. If you look at another forum, shorters spread this narrative that the world is ending, and this creates the negative sentiment of what we see today so in my honest view there is both sides of the coin, the lack of contracts or revenue is what fuels the shorters. That's my honest view

Yes of course something fuels shorters all I was saying was it’s shorters action that caused the drop because without shorters it doesn’t happen. I haven’t argued the fact the BRN under performed. What doesn’t make sense is someone that doesn’t own a share of a company be given the right to move the companies worth. 8% of shares have manipulated 100% of the shares.

 

[Straw]

@Cartagena
I do like your analogy of rats....and what would be the result if we cleared our island of rats? Businesses would be free to go about trying to create value over time and investors and traders can decide between themselves the value of said company in real time based on a range of investment horizons and views.
Not the abstracted, highly entitled bull we get now. ie, back scratching mobsters

 

[Cartagena]

Yes of course something fuels shorters all I was saying was it’s shorters action that caused the drop because without shorters it doesn’t happen. I haven’t argued the fact the BRN under performed. What doesn’t make sense is someone that doesn’t own a share of a company be given the right to move the companies worth. 8% of shares have manipulated 100% of the shares.

Well said and I'm in agreeance.

 

[Cartagena]

@Cartagena
I do like your analogy of rats....and what would be the result if we cleared our island of rats? Businesses would be free to go about trying to create value over time and investors and traders can decide between themselves the value of said company in real time based on a range of investment horizons and views.
Not the abstracted, highly entitled bull we get now. ie, back scratching mobsters

The result would be a fairer and less manipulated playing field where people who actually own the shares can decide to buy or sell.

 

[Straw]

Yes as soon as one participant/group get together and work out a system where they don't experience risk the system ceases to provide equitable access to the parties for which it was intended.

 

[Kachoo]

If the big funds then have to sell BRN to rebalance the ETF portfolios, what will be the impact on the share price?

Absolutely nothing will be impacted.

The institution will not place a trade to drop price firstly. They will Likely cross trade it possibly to a short cover.

Shorts will need to cover the borrowed share driving the price north imo.

 

[DerAktienDude]

Ok if I’m not making sense answer me this if shorting was unable to be done what do you think the share price would be. Please answer then I might make sense.

You know that it's impossible. What do you think the share price would be in this scenario?
If I had a crystal ball telling me in scenario x with or without involvement of party y even though they exist, share price z would eventuate, you wouldn't see me posting on any stock forum ever again.
Once again, shorters are not mainly responsible, like you said. It's the company who hasn't made any relevant revenue of its product, which naturally attracts people/ institutions that make money of bad performing companies.

 

[Straw]

You know that it's impossible. What do you think the share price would be in this scenario?
If I had a crystal ball telling me in scenario x with or without involvement of party y even though they exist, share price z would eventuate, you wouldn't see me posting on any stock forum ever again.
Once again, shorters are not mainly responsible, like you said. It's the company who hasn't made any relevant revenue of its product, which naturally attracts people/ institutions that make money of bad performing companies.

Nothing natural about it. The existance of shorting is totally unequitable, completely unethical and totally devoid of connection to any direct real or perceived future value of a company.
Its a sentiment play, pure and simple. Playing the participants not the stock. It's f#%@ing evil.

 

[SharesForBrekky]

https://www.extremetech.com/mobile/qualcomms-next-smartphone-chip-will-be-built-for-generative-ai

"Generative AI is slowly worming its way into every facet of technology, and next up is your smartphone. Qualcomm says that its next flagship mobile chips are going to be built specifically to run generative AI on the silicon, reducing reliance on the cloud."

"Regardless of the raw power available, Qualcomm believes on-device AI hardware can do things more powerful cloud-based models cannot."

"Qualcomm will have more to say about on-device generative AI in October at its annual Snapdragon Summit. At that time, we'll get the first official details on the chip that will eventually be released as the Snapdragon 8 Gen 3."

 

[Cartagena]

https://www.extremetech.com/mobile/qualcomms-next-smartphone-chip-will-be-built-for-generative-ai

"Generative AI is slowly worming its way into every facet of technology, and next up is your smartphone. Qualcomm says that its next flagship mobile chips are going to be built specifically to run generative AI on the silicon, reducing reliance on the cloud."

"Regardless of the raw power available, Qualcomm believes on-device AI hardware can do things more powerful cloud-based models cannot."

"Qualcomm will have more to say about on-device generative AI in October at its annual Snapdragon Summit. At that time, we'll get the first official details on the chip that will eventually be released as the Snapdragon 8 Gen 3."

Bring it on!!! Timing wise brainchip would tick their boxes. There was something on LinkedIn with Qualcomm and Edge AI I'll see if can find it and post

 

[SERA2g]

Whilst that I believe shorters are partially to blame for the SP drop, the company also has an equal share of accountability.

I wholeheartedly agree with your comments about the Nasdaq, I have openly been a critic of us listing on it and have stated on here many times before my reasoning - like you I believe it would open us up to a much large pool of liquidity and shorting.

I’ve said it before and I’ll say it again - if a very average company like Afterpay can hit $42b, the we have many many multiples I’ve value left to extract out of the ASX before we list elsewhere. To use an analogy it’d be like replacing your kids school shoes for a pair 5 sizes larger, before they’ve outgrown their old ones. A waste of money, would make them look silly, and they’d be bound to trip over in them.

We aren’t anywhere near ready yet.

You won't get much love for this but I 100% agree with you re Nasdaq listing.

We need to be moving towards becoming a profitable company before we bother listing on the Nasdaq.

I say moving towards profitability because that means we still have a need for capital but also our market cap will be significantly higher which will reduce the dilution to existing shareholders.

I don't think some understand, listing on the Nasdaq is a capital raise in and of itself. It means issuing extra shares to US investors and diluting existing shareholders.

If you think listing now will get us out of the doldrums because the US market value tech better you're wrong. If we list now we will be issuing tens of millions of shares at a valuation of $500M.

A $10M listing at our current value would see circa 2% dilution to existing shareholders. How much does the company need? I would imagine they'll go for more than $10m when they go the Nasdaq route. We need to need the funds when we do it or what's the point.

Right now we have what, $25m cash reserves and another $3m to draw down via LDA capital?

We're pretty flush for the time being.

Let's get akd 2.0 in the market, two or three more licensing agreements locked away (preferably high value names such as Nvidia, Tesla, Mercedes so the story sounds better) and some royalties coming in from products in the market.

Once we've ticked those boxes we'll be ready.

Edit: just adding listing costs several million all up including the listing fees and professional advisory fees. If you're dual listed which I suspect brainchip will be to begin with then you're paying listing fees to two separate exchanges. It's an expensive exercise so timing and the need for capital are extremely important.

 

[Quatrojos]

You mean this afternoon?

Agree but some of the pain we are seeing also needs to be attributed to the lack of material announcements via the ASX by Brainchip and I'm not talking about their routine twitter posts or news ( Twitter isn't official) and regular news podcasts, this has not happened in a long time.
They update the market via Twitter and this strategy isn't the best as not all investors get their information from twitter. (Especially the sophisticated or wealthy)

If you look at the ASX announcement history, say for the last year, you'll see many releases involving share rights to the board members, one after the other, yet not one material contract release. If you look at another forum, shorters spread this narrative that the world is ending, and this creates the negative sentiment of what we see today so in my honest view there is both sides of the coin, the lack of contracts or revenue is what fuels the shorters. That's my honest view

Hehir referred to cadence during (I think) his first interview following the AGM. Cadence is vital for a pre-revenue company. Rhythm is life. Rhythm is heartbeat.


So where should a pre-revenue, ASX-listed company, show off its cadence?


In club ASX.


But BRN don't seem to want to be seen in the ASX scene.


Apparently, BRN got drunk one night, shooting its mouth off about a fling it had going with some Detroit player.


But they returned to the club, strutting their cadence as if it never happened.


Then they disappeared. It was around about the time LDN left, as I recall. Man, that guy could dance.


We need to start acting like a pre-revenue company. This means releasing everything we possibly can to the ASX. Not Twitter. Not Facebook. Not You Tube. The ASX.


We partnered with Tata Elxsi this week. This would've been a nice thing to release to the ASX alongside the announcement of availability of AKD1500 reference design.

We're not rock stars. Not yet. We need to market our cadence. We're building an ecosystem. We've got rhythm. We've got the interest of some big players.


But we're still members in club ASX and that's where we should be dancing...