BRN Discussion Ongoing

[Serengeti]

MegaChips - Agreement Commercial Number One delivered. Let us not abandon the facts whether we believe in Brainchip or not. FF

True FF, Megachips agreement #1 post presentation. My error thought it was prior to early November 2021.
Here is hoping for the next commercial agreement to be announced soon as Tony did state agreements in plural form.

Cheers

 

[Slade]

I am going to defend Tony Dawes on this one. I think shareholders have a habit of unfairly scrutinising every little thing that BRN staff say and exaggerate what they think they hear, I know I have in the past. But I think its wrong to turn a small discrepancy into a life sentence. In the case of Tony Dawes, and people can correct me if I am wrong, I think he put an 's' on something like 'we are hoping to announce more commercial deals soon" during a one off single presentation to Chinese investors at some ungodly hour in the morning. A presentation that he was filling in for because others at the company were run off their feet. We shareholders got a hold of it and blew it up because its fun and exciting to do so. Truth is, a few weeks later we did get a great announcement.
Great stuff is happening and the company is staying true to the NDAs. They certainly aren't announcing fluff. People have different expectations but for me I am happily holding through 2022. I believe there will be heaps of good times to celebrate.

 

[thelittleshort]

Informative if you are not up to speed with AIoT

 

[Diogenese]

Yes I agree the news stream that was promised, especially by Tony Dawe where during his early November 2021 investor presentation he informed the audience that numerous commercial agreements will be announced soon… 5 months later not a single commercial agreement has been announced.
Now we can debate what ‘very soon’ means but surely it is within 6 months of making such a statement? One month left…tick tock…

p.s I do believe BRN will deliver but unimpressed, disheartened and internally debating the staff’s ability to keep their word

Is Serengeti a South African pasta?

I too like my pasta al dente, but sometimes the secret sauce makes up for overcooking.

 

[Proga]

Yes I agree the news stream that was promised, especially by Tony Dawe where during his early November 2021 investor presentation he informed the audience that numerous commercial agreements will be announced soon… 5 months later not a single commercial agreement has been announced.
Now we can debate what ‘very soon’ means but surely it is within 6 months of making such a statement? One month left…tick tock…

p.s I do believe BRN will deliver but unimpressed, disheartened and internally debating the staff’s ability to keep their word

I don't think you quite understand how commercially, BRN's business model works. BRN has delivered the technology. It's up to commercial companies to come up with the applications and how fast they can get it into production and into the market. I'm not going to get into the factors which determine how fast they can get it to market because they are many and varied but understanding and optimising the software for the particular needs of the application is one of the major factors.

 

[Shadow59]

I don't think you quite understand how commercially, BRN's business model works. BRN has delivered the technology. It's up to commercial companies to come up with the applications and how fast they can get it into production and into the market. I'm not going to get into the factors which determine how fast they can get it to market because they are many and varied but understanding and optimising the software for the particular needs of the application is one of the major factors.

Yes this is so true, and unfortunately I'm going to make the prediction that the 4c coming up is not really going to be reflective of where the company has gone or is heading.
I'm inclined to think that the October 4c will possibly be the first one to give any indication of uptake in usage from manufacturing. That being said, whilst I find it "annoying" that the current share price is so low, it has really played well to my hands.
I haven't any intention of trading BRN shares and I don't need the price to be performing yet. So its meant I've had the opportunity to acquire and keep adding to my holding.
I totally believe in this company and where its going and will deliver on my personal timeline.
IMO DYOR

 

[Yak52]

True FF, Megachips agreement #1 post presentation. My error thought it was prior to early November 2021.
Here is hoping for the next commercial agreement to be announced soon as Tony did state agreements in plural form.

Cheers

Serengitti...........basically you were right almost 5 months (on 22nd April) since it was Announced! (22/11/2021)

While definitely a BIG Contract (Megachips) the "stream of Announcements" for 2022 are missing.

Yak52

 

[Violin1]

I am going to defend Tony Dawes on this one. I think shareholders have a habit of unfairly scrutinising every little thing that BRN staff say and exaggerate what they think they hear, I know I have in the past. But I think its wrong to turn a small discrepancy into a life sentence. In the case of Tony Dawes, and people can correct me if I am wrong, I think he put an 's' on something like 'we are hoping to announce more commercial deals soon" during a one off single presentation to Chinese investors at some ungodly hour in the morning. A presentation that he was filling in for because others at the company were run off their feet. We shareholders got a hold of it and blew it up because its fun and exciting to do so. Truth is, a few weeks later we did get a great announcement.
Great stuff is happening and the company is staying true to the NDAs. They certainly aren't announcing fluff. People have different expectations but for me I am happily holding through 2022. I believe there will be heaps of good times to celebrate.

Totally agree. The company does what it says it will - of course there's a few variations as things must change daily in management's world, but by and large they've been on the mark for the last two years or more. I trust them......completely. People of character - what a team we've got.

Akida ballista wasn't coined for nothing!

 

[Proga]

Yes this is so true, and unfortunately I'm going to make the prediction that the 4c coming up is not really going to be reflective of where the company has gone or is heading.
I'm inclined to think that the October 4c will possibly be the first one to give any indication of uptake in usage from manufacturing. That being said, whilst I find it "annoying" that the current share price is so low, it has really played well to my hands.
I haven't any intention of trading BRN shares and I don't need the price to be performing yet. So its meant I've had the opportunity to acquire and keep adding to my holding.
I totally believe in this company and where its going and will deliver on my personal timeline.
IMO DYOR

I agree with your assessment. Akida is very well known now in the market so there is the real possibility something out of left field may pop up. I'm confident in 2023/24 they'll be popping up everywhere.

 

[Fact Finder]

I am going to defend Tony Dawes on this one. I think shareholders have a habit of unfairly scrutinising every little thing that BRN staff say and exaggerate what they think they hear, I know I have in the past. But I think its wrong to turn a small discrepancy into a life sentence. In the case of Tony Dawes, and people can correct me if I am wrong, I think he put an 's' on something like 'we are hoping to announce more commercial deals soon" during a one off single presentation to Chinese investors at some ungodly hour in the morning. A presentation that he was filling in for because others at the company were run off their feet. We shareholders got a hold of it and blew it up because its fun and exciting to do so. Truth is, a few weeks later we did get a great announcement.
Great stuff is happening and the company is staying true to the NDAs. They certainly aren't announcing fluff. People have different expectations but for me I am happily holding through 2022. I believe there will be heaps of good times to celebrate.

Just on this if you are presenting to a group of potential investors it is wise to get your language correct and at the same time I have sympathy for all the points you are making.

I would say if I were to be arguing Mr. Dawe's case in a civil court I would be introducing evidence of the ISL US Airforce Research partnership as a second commercial agreement even though not announced on the ASX. Just because something does not appear on the ASX does not mean it is not a commercial agreement in the wider sense of that word and capable of being ascribed a commercial value.

Next I would be introducing evidence of the agreement with SiFive again on the same basis and also the fact that Vorago has just applied to NASA for a Phase 1 grant to harden an RISC-V for deep space and obliquely references an already proof of being able to harden a complimentary SOC but moving on.

Added to this I would even lead evidence concerning the Mercedes reveal again on the same basis and I would call a few existing investors particularly those from the German institutions who have been buying up Brainchip shares like there is no tomorrow as a result of this reveal to prove it has commercial value in the eyes of the wider investor market around the world not just in Australia.

The ignorance of poor simple retail investors when thrown up against the larger investment world is prayed upon by those who wish to paint a picture that elevate ASX announcements beyond what they actually are but which in a court of law concerning what is a commercial agreement would have little if any forensic value.

The evidence for this statement is to be found in the very rules published by the ASX which makes the disclosure of what is a commercial transaction dependent upon the financial position of the company concerned so that a large company like BHP would not need to publish details of the identical agreement Brainchip entered with MegaChips because it is not material to BHP.

A court would still consider that the BHP MegaChip agreement was in fact and law a commercial agreement.

Such is my confidence in the above I would even appear for Mr. Dawe on a contingency basis and have absolute confidence I would prove to the civil standard that he in fact said what he meant and in fact has delivered already in spades four separate commercial agreements all of which have now been announced.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[sleepymonk]

I am going to defend Tony Dawes on this one. I think shareholders have a habit of unfairly scrutinising every little thing that BRN staff say and exaggerate what they think they hear, I know I have in the past. But I think its wrong to turn a small discrepancy into a life sentence. In the case of Tony Dawes, and people can correct me if I am wrong, I think he put an 's' on something like 'we are hoping to announce more commercial deals soon" during a one off single presentation to Chinese investors at some ungodly hour in the morning. A presentation that he was filling in for because others at the company were run off their feet. We shareholders got a hold of it and blew it up because its fun and exciting to do so. Truth is, a few weeks later we did get a great announcement.
Great stuff is happening and the company is staying true to the NDAs. They certainly aren't announcing fluff. People have different expectations but for me I am happily holding through 2022. I believe there will be heaps of good times to celebrate.

me holding tight too

 

[Slade]

Just on this if you are presenting to a group of potential investors it is wise to get your language correct and at the same time I have sympathy for all the points you are making.

I would say if I were to be arguing Mr. Dawe's case in a civil court I would be introducing evidence of the ISL US Airforce Research partnership as a second commercial agreement even though not announced on the ASX. Just because something does not appear on the ASX does not mean it is not a commercial agreement in the wider sense of that word and capable of being ascribed a commercial value.

Next I would be introducing evidence of the agreement with SiFive again on the same basis and also the fact that Vorago has just applied to NASA for a Phase 1 grant to harden an RISC-V for deep space and obliquely references an already proof of being able to harden a complimentary SOC but moving on.

Added to this I would even lead evidence concerning the Mercedes reveal again on the same basis and I would call a few existing investors particularly the those from the German institutions who have been buying up Brainchip shares like there is no tomorrow as a result of this reveal to prove it has commercial value in the eyes of the wider investor market around the world not just in Australia.

The ignorance of poor simple retail investors when thrown up against the larger investment world is prayed upon by those who wish to paint a picture that elevate ASX announcements beyond what they actually are but which in a court of law concerning what is a commercial agreement would have little if any forensic value.

The evidence for this statement is to be found in the very rules published by the ASX which makes the disclosure of what is a commercial transaction dependent upon the financial position of the company concerned so that a large company like BHP would not need to publish details of the identical agreement Brainchip entered with MegaChips because it is not material to BHP.

A court would still consider that the BHP MegaChip agreement was in fact and law a commercial agreement.

Such is my confidence in the above I would even appear for Mr. Dawe on a contingency basis and have absolute confidence I would prove to the civil standard that he in fact said what he meant and in fact has delivered already in spades four separate commercial agreements all of which have now been announced.

My opinion only DYOR
FF

AKIDA BALLISTA

I was about to post exactly the same thing but you beat me to it.

 

[Sirod69]

 

[Sirod69]

Renesas (contract) is a known partner

 

[robsmark]

Whilst I remain confident about the product and optimistic about the future of this company, I am disappointed about their lack of effort in maintaining the SP. Before anyone responds, I understand that this is an integral company, and that fluffing the SP is not their model, but I believe that as the company has grown it has a responsibility to try harder to manage it’s SP and it’s shareholders. It’s playing in a different league than it was two years ago, and if it thinks it’s doing enough in this space, I think they need to rethink their strategy.

If you hype up the crowd, you need to deliver - the last year there was plenty on hyping up 2022. We are now four months in with very little news. It isn’t good, and this is why shorts are rising.

Yes, I understand that the company has no control over when it’s clients have finished testing, developing, and commercialising their product/s - but it does have control over how they engage with these clients and how that information is delivered to its own shareholders.

Yes, I understand that heaps of other companies are declining too - but that isn’t my concern, BRN is. Besides, nobody else is sitting on a first/best in class neuromorphic processor.

Maybe I just having a bad day after seeing my net worth drop by another $10k and starting to feel like it’s becoming a habit.

FWIW I bought another parcel last week and have some waiting for later this week.

I’m just disappointed and venting that’s all.

 

[Fact Finder]

I love the blog but to say it finishes on a high is an understatement:

"The path to the development of billions of smart devices is opening up wide and creating new applications and business streams that were not possible before. (Anyone else remember the Ken Scarince statement Brainchip will disrupt industries that do not exist yet) Unleash your imagination as what is to come is beyond expectations." (Anyone else remember the Mercedes Benz statements about a system that thinks like the human brain.)

AND from a video interview posted by Rocket elsewhere Renesas stated there will be 55 BILLION by 2025.

Call me a dreamer but if Renesas the number three largest supplier of semiconductors to the world wide automotive industry cannot crack just one percent of the 55 billion device market with their AKIDA enabled MCU there is something wrong.

Consider this in Ken Scarince's recent presentation he seemed be more excited about what MegaChip is doing than Renesas so what the heck must they be up to.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Violin1]

Whilst I remain confident about the product and optimistic about the future of this company, I am disappointed about their lack of effort in maintaining the SP. Before anyone responds, I understand that this is an integral company, and that fluffing the SP is not their model, but I believe that as the company has grown it has a responsibility to try harder to manage it’s SP and it’s shareholders. It’s playing in a different league than it was two years ago, and if it thinks it’s doing enough in this space, I think they need to rethink their strategy.

If you hype up the crowd, you need to deliver - the last year there was plenty on hyping up 2022. We are now four months in with very little news. It isn’t good, and this is why shorts are rising.

Yes, I understand that the company has no control over when it’s clients have finished testing, developing, and commercialising their product/s - but it does have control over how they engage with these clients and how that information is delivered to its own shareholders.

Yes, I understand that heaps of other companies are declining too - but that isn’t my concern, BRN is. Besides, nobody else is sitting on a first/best in class neuromorphic processor.

Maybe I just having a bad day after seeing my net worth drop by another $10k and starting to feel like it’s becoming a habit.

FWIW I bought another parcel last week and have some waiting for later this week.

I’m just disappointed and venting that’s all.

Robsmark - I can understand frustration and appreciate that you've fessed-up that you're just venting! I still look at it as being 40% up since Christmas. That's not a bad return for less than four months and I'm expecting more by year's end. If I'd been guaranteed a 1.5cent increase every week this year as a Christmas present I'd have taken it. Maybe it'll end up down at 1 cent a week in a couple more months but if it did a cent a week all year we'd be at $1.30 at year's end and I'd still be happy. Would have loved to bail at $2.00 and buy back in at $1.00 but was too scared another big player would come out of the woodwork - so I held. Grasshopper, grasshopper and all that.......let's open a big Barossa Shiraz....

 

[Straw]

Have a vague recollection someone mentioned there was a podcast or interview that would be available on the 12th?
Anyone?
I could be wrong.

 

[Violin1]

Addendum - mine's a 2013 Sons of Eden Marschall Barossa Shiraz. Drinking quite nicely.

 

[Chilling]

Whilst I remain confident about the product and optimistic about the future of this company, I am disappointed about their lack of effort in maintaining the SP. Before anyone responds, I understand that this is an integral company, and that fluffing the SP is not their model, but I believe that as the company has grown it has a responsibility to try harder to manage it’s SP and it’s shareholders. It’s playing in a different league than it was two years ago, and if it thinks it’s doing enough in this space, I think they need to rethink their strategy.

If you hype up the crowd, you need to deliver - the last year there was plenty on hyping up 2022. We are now four months in with very little news. It isn’t good, and this is why shorts are rising.

Yes, I understand that the company has no control over when it’s clients have finished testing, developing, and commercialising their product/s - but it does have control over how they engage with these clients and how that information is delivered to its own shareholders.

Yes, I understand that heaps of other companies are declining too - but that isn’t my concern, BRN is. Besides, nobody else is sitting on a first/best in class neuromorphic processor.

Maybe I just having a bad day after seeing my net worth drop by another $10k and starting to feel like it’s becoming a habit.

FWIW I bought another parcel last week and have some waiting for later this week.

I’m just disappointed and venting that’s all.

Of course they need to rethink their strategy if we had known there would be no news for 4 months well I would have sold half my holding.