toasty
Regular
Ignore is easy...........just sayin'
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Cyw
Regular
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
Regular
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.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
Proga
Regular
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 |
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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.
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
Regular
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
Regular
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
Regular
Sorry bud, it's a green day today, try again tomorrow
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.
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.
Attachments
HopalongPetrovski
I'm Spartacus!
When this particular worm turns its going to be epic.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
Cant wait for this next ride.
Pom down under
Top 20
Huh.....green
Have I slipped into another verse and got on an alternate BRN bus...
View attachment 50090
Proga
Regular
I'd be paying closer attention from now and over the next couple of months. The only anti-dote to shorters is the short term prospect of consistent sustainable increasing revenue. Revenue and it's direction in the short to medium term is all they care about. PLS is the most shorted stock on the ASX and CHI-X. PLS's revenue hasn't stopped, just decreased because of lithium prices. They're still making decent coin.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
It's why they ignored the recent release of the new version of Akida. It had zero affect on the short term revenue outlook. If they begin quietly and consistently buying back in the next few months, it will be a leading indicator in which they believe consistent sustainable revenue is around the corner.
Pom down under
Top 20
Schnitzel lover
Regular
Watch the financials.. Late January and H2 2023 release in Feb or March..
New IP signings seem to be the most likely material engagements before the AGM..
See what happens
toasty
Regular
OK, I'll do it then. Can't stand fan boys...........
Progda..........correct on the SHORTER buyback. I Believe it is currently in play.
PLS issue being heavily shorted (20%) though is possibly not related as such to the normal ASX aussie traders.
ELON MUSK recently stated that 70% of all Lithium TESLA uses comes from AUSTRALIA! Only 2 companies supplying that and PLS is the main source.
SO.......in the dog eat dog world which we live in...........it is much "Cheaper" and easier to interfere with the SUPPLY CHAIN to Tesla to cause TESLA issues than it is to attack Tesla stock itself.
WHO would have a vested interest in doing so??
Any and ALL Oil companies, Middle East interests, Car company competitors etc etc. AND it would cost peanuts to do so! Gotta keep the Oil flowing!
It would also be a possible way for Shorters to benefit Shorting of Tesla stock. Small investment Shorting PLS and MASSIVE profits Shorting TESLA. win/win.
Surprised that Elon or TESLA have not bought out PLS to secure their supply chain of Lithium, would make sense.
Y.
Hard to see. If, on the other hand we see an announcement before June 2024 stating that Valeo or Luminar or similar are investing $100M into Brainchip to make it happen, then it's game on.
Otherwise the board can pack up their personal belongings and we can start afresh. Sorry if this isn't what you want to hear but that's the risk we all are taking imho.
Pom down under
Top 20
I’m surprised brainchip never mentioned this in there recent email of events coming up or maybe they just forgot
Join us in the Arena at the Airport City for a day of networking and presentations at the country’s premier professional semiconductor event. We look forward to having an espresso with you, together with detailed discussions at Booth #33-34 and invite you to the keynotes by Serge Maginot, Tiempo Secure's CEO (IP Track, 11:20am), Rob Telson, BrainChip’s Vice President of Ecosystems & Partnerships (IP Track, 12:40pm), and Avi Plotnik, Signature IP's Director of Field Application Engineering (IP Track, 3:00pm).
The event is an opportunity to learn about the latest innovations by Brainchip, Signature IP and Tiempo Secure in the semiconductor space and to network with Israeli and global professionals. We are looking forward to hosting you in our booth!
SemIsrael Expo 2023—December 7th, 2023
Join us in the Arena at the Airport City for a day of networking and presentations at the country’s premier professional semiconductor event. We look forward to having an espresso with you, together with detailed discussions at Booth #33-34 and invite you to the keynotes by Serge Maginot, Tiempo Secure's CEO (IP Track, 11:20am), Rob Telson, BrainChip’s Vice President of Ecosystems & Partnerships (IP Track, 12:40pm), and Avi Plotnik, Signature IP's Director of Field Application Engineering (IP Track, 3:00pm).
The event is an opportunity to learn about the latest innovations by Brainchip, Signature IP and Tiempo Secure in the semiconductor space and to network with Israeli and global professionals. We are looking forward to hosting you in our booth!
GStocks123
Regular
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