BRN Discussion Ongoing

[AusEire]

Are people really this naïve lol?

As always, I do understand the frustration and patience wearing a bit thin...

I do think that half of the people who are complaining about things they have no control over, would also be complaining about any stock they held which was down. You're not the only people who are having a tough time in these market conditions lol.

Just to give you a few example of highs during the Covid boom to the current lows now... (Please note these are not intra-day highs. Only EOD rough estimate highs)

IMU: High: 60 cents Low: 3.9 cents Today: 8.9 cents - Down 85% from high to todays finish.
ZIP: High: 14 dollars Low: 25 cents Today: 41 cents - Down 97% from high to todays finish.
IBX: High: 23 cents Low: 1 cents Today: .8 cents - Down 96.5% from high to todays finish.
POD: High: 81 cents Low: 2.9 cents Today: 3.6 cents - Down 95.6% from high to todays finish.
VR1: High: 27 cents Low: 2.5 cents Today: 2.7 cents - Down 90% from high to todays finish.
PBH: High: 16 dollars Low: 68.5 cents Today: 76 cents - Down 95% from high to todays finish.
OIL: High: 44 cents Low: 7.2 cents Today: 10 cents - Down 77.3% from high to todays finish.
NVX: High: 12 dollars Low: 61.5 cents Today: 73.5 cents - Down 94% from high to todays finish.
VUL: High: 16 dollars Low: 2.05 dollars Today: 2.42 dollars - Down 85% from high to todays finish.
SZL: High: 420 dollars Low: 9 dollars Today: 14.7 dollars - Down 96.5% from high to todays finish.

BRN High: 2.10 dollars Low: 14.5 cents Today: 18.5 cents - Down 92% from high to todays finish. (Yes we had a $2.34 intraday high but did not close at $2.34 - Just clarifying before someone comments this.)

this is only to name a few. Bio-techs. BNPL's. Jr Explorers and technology. They all have one thing in common, all being speculative.

Any ways - It's been a tough time for investors in small caps over the past 3 years. Massive unrealised gains and massive unrealised losses. Thing do tend to change quite rapidly thou.

Rates have been increasing. Yields seem to not be slowing down and inflation doesn't help anyone.

Luckily for us, I really do believe small caps must be completely undervalued based on historic graphs and in contrast to the rest of the market.

My point is, majority of investors are all in the same boat, no matter which small cap speculative stock they have chosen in the past 2 1/2 years.

I have doubts like everyone. Then I logically think about the accomplishments from BRN in the past 2 years and feel more bullish than ever.

I see many bluechip companies talking specifically about SNN's and neuromorphic computing being the future. I'll happily take my chances as not many people know about this technology what so ever. Once the ship starts sailing it will be very hard to get cheap shares.

This talk of a second strike is also quite silly. It will only be more negative for everyone.

DYOR. This isn't financial advice.

Cheers.

Those talking about a second strike really have no idea what that brings. They think it's the automatic sacking of the board. It's not. The board will get re-elected because the majority of shareholders support them.

For example
They get this second strike that they are craving.
The SP tumbles even more, uncertainty sets in.
Then what?

Who's going to want to work for a company that has shareholders as unstable as some in here. That is a serious question btw.

 

[AusEire]

It doesn't need to know or say.
Specifics not required to spread Fear Uncertainty Doubt.

To me it sounds like a thinly veiled threat

 

[HopalongPetrovski]

To me it sounds like a thinly veiled threat

It's just a fart in the wilderness hoping to attract carrion lovers whilst our share price is still depressed.
Not much fat on our bones though atm.
Most likely down to our fighting weight, nimble, engaged and ready for action.
Prepped and ready, following our plan, though uncomfortable, we can survive here as long as it takes.
In the meantime, as the rest of the world catches up, we are in pole position to take advantage and leverage our embedded status within our healthy and ever-growing ecosystem.
Bring It BrainChip.

 

[Damo4]

Those talking about a second strike really have no idea what that brings. They think it's the automatic sacking of the board. It's not. The board will get re-elected because the majority of shareholders support them.

For example
They get this second strike that they are craving.
The SP tumbles even more, uncertainty sets in.
Then what?

Who's going to want to work for a company that has shareholders as unstable as some in here. That is a serious question btw.

It's almost as if some benefit from a lower SP...

 

[Damo4]

I would be very surprised if this wasn't management trying to influence the influencers..........

toasty the red-day-postie

If I could influence anyone, it would be that you leave me alone lol

 

[JoMo68]

Those talking about a second strike really have no idea what that brings. They think it's the automatic sacking of the board. It's not. The board will get re-elected because the majority of shareholders support them.

For example
They get this second strike that they are craving.
The SP tumbles even more, uncertainty sets in.
Then what?

Who's going to want to work for a company that has shareholders as unstable as some in here. That is a serious question btw.

I would seriously question the motives/agendas of those advocating for a second strike…

 

[McHale]

And a little reminder through a simple Web search
"Akida 1000 can achieve a throughput of 1,200 fps (frames per second) and a latency of 0.83 ms (milliseconds) for the MobileNetV1 model with a 224x224 input resolution on the ImageNet dataset1. On the other hand, the NVIDIA Jetson TX can achieve a throughput of 1,000 fps and a latency of 1 ms for the same model and input resolution on the same dataset3. This means that the Akida 1000 has a higher throughput and a lower latency than the NVIDIA Jetson TX for this particular model and use case, which implies that it is faster."
View attachment 49977

Hey @Labsy, how much does it cost to buy a jetson vs an akida 1000. I don't know so if anyone knows can you share, thanks.

 

[Bravo]

Judging from the email @Schnitzel lover received from Tony, I believe Tony is extremely confident of avoiding a second strike.

To flip it around, I look at it as though Tony is basically confirming that if BrainChip fails to achieve further commercialisation and revenue before the next AGM then a second strike is warranted.

Only someone who was absolutely confident of being able to meet the terms described in order to avoid any prospect of a second strike would write this IMO. And, if anything it lends further confidence to things moving in the right direction in a "sooner" time-frame.

 

[The Pope]

Judging from the email @Schnitzel lover received from Tony, I believe Tony is extremely confident of avoiding a second strike.

To flip it around, I look at it as though Tony is basically confirming that if BrainChip fails to achieve further commercialisation and revenue before the next AGM then a second strike is warranted.

Only someone who was absolutely confident of being able to meet the terms described in order to avoid any prospect of a second strike would write this IMO. And, if anything it lends further confidence to things moving in the right direction in a "sooner" time-frame.


View attachment 50094

Hi bravo,

I don’t think that Tony is extremely confident when using words like “IF” and “HOPE” in his reply but I’m sure BRN management and staff are doing all they can before the next scheduled AGM in May 24.

Happy to be corrected.

Cheers
The Pope

 

[BigDonger101]

Those talking about a second strike really have no idea what that brings. They think it's the automatic sacking of the board. It's not. The board will get re-elected because the majority of shareholders support them.

For example
They get this second strike that they are craving.
The SP tumbles even more, uncertainty sets in.
Then what?

Who's going to want to work for a company that has shareholders as unstable as some in here. That is a serious question btw.

I don't think management are fussed about the second strike. Highly doubt it would be any where near the amount of votes needed lol.

I do think share holders who are threatening for this second strike are doing so out of spite. Sean has not told any lies & has said why the ASX is quiet.

If anyone can prove me wrong? More than happy for you to quote something from him which is contradicting.

Tony on the other hand. He does state things and then doesn't live up to them. How ever he is our investor relations.

Cheers

 

[Yak52]

Green day tommorrow,,,,,,,,,,,(Wed) for both the Market (AX) and BRN. (Charting)

SHORTS ON ASX DAILY SHORTS NUMBER SHARES ISSUED % OF ISSUED

2023-11-20	51,191	1,790.06	0.00
2023-11-17	37,000	1,790.06	0.00
2023-11-16	58,835	1,790.06	0.00
2023-11-15	13,604	1,790.06	0.00
2023-11-14	503,375	1,790.06	0.02
2023-11-13	49,764	1,790.06	0.00
2023-11-10	883,349	1,790.06	0.04

IF NO new SHORTS being issued (low number < 800,000 + average) then ACCUMULATION is being undertaken.
Question is...........are current SHORTS being closed out? Must wait 1-2 wks to get this data.

ANY ACCUMULATION is a good sign of change!

The BUY/SELL is being held back to accumulate @ 0.20c currently.

(time posted 2pm)
Y.

 

[toasty]

toasty the red-day-postie

If I could influence anyone, it would be that you leave me alone lol

Ignore is easy...........just sayin'

 

[Cyw]

I don't think management are fussed about the second strike. Highly doubt it would be any where near the amount of votes needed lol.

I do think share holders who are threatening for this second strike are doing so out of spite. Sean has not told any lies & has said why the ASX is quiet.

If anyone can prove me wrong? More than happy for you to quote something from him which is contradicting.

Tony on the other hand. He does state things and then doesn't live up to them. How ever he is our investor relations.

Cheers

The 2 strike rule is just a convenient way for shareholders to bitch about the board. I don't think the shareholders have a follow through plan. Even with a 88% vote against its remuneration report in 2018, NAB did not have to sack the board, the chairman and CEO simply resigned (out of shame/disgust?) and everyone was happy. I am obviously not a very knowledgeable person but I have never heard of a company which board was spilled due to 2 strikes.

 

[Proga]

Hi bravo,

I don’t think that Tony is extremely confident when using words like “IF” and “HOPE” in his reply but I’m sure BRN management and staff are doing all they can before the next scheduled AGM in May 24.

Happy to be corrected.

Cheers
The Pope

He can't say "WILL" because he really doesn't know. IMO, using "IF" and “HOPE” doesn't diminish his confidence. They believe they'll have demonstrated ability to commercialise its technology and generate revenue. The deadline is May 2024 but he seems confident it will happen before then.

 

[Proga]

This is the lowest 3 day accumulative total of daily shorting I've seen in years. They bought back 250k more than they shortered on the 15th.

Latest Reported Shorts (Daily)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT
20 November 2023	51,191	1,790,058,145	0.00%
17 November 2023	37,000	1,790,058,145	0.00%
16 November 2023	58,835	1,790,058,145	0.00%

Latest Reported Shorts (Aggregate)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT	DAILY RANK
15 November 2023	101,740,887	1,790,058,145	5.6837%	26th 1
14 November 2023	101,978,527	1,790,058,145	5.6969%	27th 1
13 November 2023	101,499,784	1,790,058,145	5.6702%	28th
10 November 2023	100,760,171	1,790,058,145	5.6289%	28th
9 November 2023	100,208,571	1,790,058,145	5.5981%	28th 1
8 November 2023	100,428,249	1,790,058,145	5.6103%	29th 1

 

[Iseki]

The second strike will happen if a lot of shareholders think that the board has sent to company in the wrong direction and are too weak to change.

Renesas taped out m85 with akida Dec 2022. So who will pay for the production? Somehow there has been a disconnect between Brainchip's selling the akida IP to customers and the manufacturing of a chip containing Akida by Renesas.

A Chicken and Egg problem.

If in June 2024 there hasn't been a break through or the board can't explain themselves then the vote could go either way. There's plenty of ways to avoid it:
1. Renesas is convinced to get the taped out chip manufactured
2. An OEM starts using the AKD1500 and orders in bulk
3. Megachips does something.

The board should be excited by the challenge.

 

[Labsy]

This is the lowest 3 day accumulative total of shorting I've seen in years. They bought back 250k more than they shortered on the 15th.

Latest Reported Shorts (Daily)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT
20 November 2023	51,191	1,790,058,145	0.00%
17 November 2023	37,000	1,790,058,145	0.00%
16 November 2023	58,835	1,790,058,145	0.00%

Latest Reported Shorts (Aggregate)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT	DAILY RANK
15 November 2023	101,740,887	1,790,058,145	5.6837%	26th 1
14 November 2023	101,978,527	1,790,058,145	5.6969%	27th 1
13 November 2023	101,499,784	1,790,058,145	5.6702%	28th
10 November 2023	100,760,171	1,790,058,145	5.6289%	28th
9 November 2023	100,208,571	1,790,058,145	5.5981%	28th 1
8 November 2023	100,428,249	1,790,058,145	5.6103%	29th 1

I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good news seriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.

 

[Proga]

The second strike will happen if a lot of shareholders think that the board has sent to company in the wrong direction and are too weak to change.

Renesas taped out m85 with akida Dec 2022. So who will pay for the production? Somehow there has been a disconnect between Brainchip's selling the akida IP to customers and the manufacturing of a chip containing Akida by Renesas.

A Chicken and Egg problem.

If in June 2024 there hasn't been a break through or the board can't explain themselves then the vote could go either way. There's plenty of ways to avoid it:
1. Renesas is convinced to get the taped out chip manufactured
2. An OEM starts using the AKD1500 and orders in bulk
3. Megachips does something.

The board should be excited by the challenge.

Or Merc uses Akida in their brand new 2024 vehicles using the MMA platform, the full blown version of MB.OS, enhanced MBUX, enhanced ADAS and 4 microcontrollers for the first time. They begin being released in the 1st quarter of 2024 and further models rolled out during the year.

 

[Damo4]

Ignore is easy...........just sayin'

Sorry bud, it's a green day today, try again tomorrow

 

[Esq.111]

Afternoon Chippers ,

Regarding the Short position....

I posted this a while ago , these are my thoughts on what may be going on.
Naturally there would be many small independent Shorters .

One way a big company could potentially F@%k with a far smaller one.

Regards,
Esq.