BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Pom down under
Regular
I know and you’ll probably find 80% of holders are probably sitting at a loss. But if we knew what we did 2 years ago after Mercedes announced what they did and how long it really took to get a product to market. I’d probably have a shit loads of shares. I’ve just been very lucky buying when I have for various reasons as I’d probably be in the same boat as you.
Bravo
If ARM was an arm, BRN would be its biceps💪!
Oh well. They almost got it right. They must have just read it upside down or back to front because ADIKA is AKIDA spelt backwards.They have written it wrongADK 1000 instead of AKD 1000..
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CHIPS
Regular
What a great start to the day in Germany 
! I had another order placed and hoped to get it filled this morning still, but +26% (now +21%) is just fantastic. I hope it stays because I am still at a loss of 34%. I am still glad though that I bought many of my stocks so early because later I would not have had the money for it. ALL WILL BE FINE FOR US!!!!
! I had another order placed and hoped to get it filled this morning still, but +26% (now +21%) is just fantastic. I hope it stays because I am still at a loss of 34%. I am still glad though that I bought many of my stocks so early because later I would not have had the money for it. ALL WILL BE FINE FOR US!!!!
Don't start gniklat sdrawkcab ... or your ears will turn inside out.Oh well. They almost got it right. They must have just read it upside down or back to front because ADIKA is AKIDA spelt backwards.
Pom down under
Regular
The asx are probably as dodgy as the shorters hence probably why no please explain.
Pom down under
Regular
DingoBorat
Slim
I was just thinking the exact same thing Genie!Anyone else noticed the complete and unusual absence of negative MF articles surrounding this rise..............?
Not a coincidence imo
Could be priming to start the pump
Food for thought
Speculation. Opinion only dyor
Actually just did a quick Google search a few minutes ago..
An article, would be as telling, as a speeding ticket..
Space Cadet
Regular
EOS got one this afternoon for similar activity over last week. Might come tomorrow
SC
Pom down under
Regular
Well we all know brainchips answer if there where to get one, but for some reason I’m not expecting one from the corrupt operators of the asx.
Teach22
Regular
For those expecting a speeding ticket, consider this:
31/12/2021 - SP closed at 68c
19/01/2022 (12 trading days later) - SP hit high of $2.34.
Within the 12 trading days, the only price sensitive announcement was LDA capital call (prior to open on 14/01/21. SP was $1.40). The previous most recent price sensitive announcement was the Megachips deal on 22/11/21.
Within the 12 trading days , there was only one speeding ticket issued (prior to open on 11/01/21. SP was $1.03)
The SP went from $1.03 to $2.34 in 7 trading days with no speeding ticket.
So, it could be argued that although the lack of asx announcements is frustrating to a lot of us, in times like this, it’s probably the reason we don’t see many speeding tickets.
31/12/2021 - SP closed at 68c
19/01/2022 (12 trading days later) - SP hit high of $2.34.
Within the 12 trading days, the only price sensitive announcement was LDA capital call (prior to open on 14/01/21. SP was $1.40). The previous most recent price sensitive announcement was the Megachips deal on 22/11/21.
Within the 12 trading days , there was only one speeding ticket issued (prior to open on 11/01/21. SP was $1.03)
The SP went from $1.03 to $2.34 in 7 trading days with no speeding ticket.
So, it could be argued that although the lack of asx announcements is frustrating to a lot of us, in times like this, it’s probably the reason we don’t see many speeding tickets.
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I've been buying off the back of no MF articles.. could be my new ASX strategy
. Starting to ponder if they are paid to write by 3rd parties.
DingoBorat
Slim
Starting?I've been buying off the back of no MF articles.. could be my new ASX strategy
Clearly you haven't been following their other articles. It's classic mf behaviour. They've done it time and time again to other stocksThe Motley Fool (James Mickleboro) would look more foolish with the way
he has been throwing shit at BrainChip and telling everybody and anybody
how not to touch it with a 10 foot pole, and now turn around and tell everybody
and anybody that it is a BUY.
I don't think so, at the moment it looks like the shit he has been throwing has
rebounded right back in his face.
No morals. Imo they care not about their lack of credibility. Just the short term $
Opinion only
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I first thought it was just f@%kery for the shit they are trying to sell and not so much collusion with a 3rd party.. best not speak to loudly might end up with a letter from themStarting?
CHIPS
Regular
It’s time to ban penny stocks from Australia’s flagship share index
The collapse of Lake Resources and poor performance of BrainChip and Imugene shows why there’s no place for penny stocks in a serious sharemarket index.
I want to see this Tom Richardson cry ... the latest 2025, preferably now!
________________________________________________________________________________________________________________________
It’s time to ban penny stocks from Australia’s flagship share index
If you want to attract and win the trust of serious overseas investors including sovereign wealth funds, pension funds, and asset managers you don’t want a flagship index pockmarked by penny stocks.Tom Richardson Journalist
Jun 26, 2023 – 11.00am
Penny stocks are rearing their ugly heads on Australia’s flagship S&P/ASX 200 Index with alarming regularity, in a reflection of the market’s deteriorating quality, as the ASX shrinks for the first time in 18 years.
Last week, Australia’s flagship index resembled a penny stock casino, with shares in lithium explorer Lake Resources crashing 38 per cent to 29.5¢ after it revealed a six-year delay to its Argentinian lithium project. Speculative biotech Imugene finished the week at just 8.9¢, with tech hopeful BrainChip losing 13.8 per cent over the week to 34.5¢.
The benchmark S&P/ASX 200 index now has multiple stocks trading below $1 as the market shrinks for the first time in 18 years. iStock
The performance across what is supposed to be an index of blue-chip businesses is a growing problem, given passive index tracking funds mean almost every Australian has some financial interest in the success of the S&P/ASX 200.
Moreover, BrainChip, Imugene, and Lake Resources share common traits of unproven business models, virtually no revenue, heavy share selling by insiders, and penny stock prices that equal daily volatility.
All this hasn’t excluded them from benchmark membership, although other jurisdictions would have no truck with this nonsense.
RELATED QUOTES
ASXASX Limited
$67.160 -0.06%1 year1 day
Updated: Feb 12, 2024 – 8.22pm. Data is 20 mins delayed.
View ASX related articles
IMUImugene Limited
$0.110 4.76%BRNBrainchip Holdings
$0.260 15.56%LKELake Resources
$0.091 -3.19%Poor returns
In the US, penny stocks – defined as those that trade below $US1 – are banned for good reason. They’re viewed as ripe for manipulation. A 10¢ stock only needs 10 bids higher to 20¢ to soar 100 per cent and double a manipulator’s money.By comparison 10 bids higher on a $20 stock to $20.10 will only add 0.5 per cent, which shows why penny stocks are attractive to those seeking to get rich quick, illicitly.
In the age of anonymous social media and online chatrooms, it’s easy for an organised group to create false hype around a business and use multiple trading accounts to sell the stock to themselves at incrementally higher prices in a bid to inflate valuations.
The hundreds of millions of dollars of easy profits on offer mean penny stocks are regularly targeted by promoters. The US regulator, the SEC, charged 16 defendants last year after it said it uncovered a multi-year fraudulent penny stock scheme that generated more than $US194 million ($290 million) in illegal profits.
Last September, The Australian Financial Review revealed Telegram pump-and-dump groups actively targeted penny stocks like Australasian Gold, which had a low number of shares on issue, relatively large amount held by top-20 shareholders, and a price-sensitive announcement in the market to evade trading halts from suspicious regulators.
There’s no suggestion Imugene has been targeted by manipulators, but it currently has a massive 6.42 billion shares on issue to equal a $571 million market cap at 8.9¢. In other words, it could add or lose a $1 billion in value with just a 16¢-share price move.
The cancer research group has no potential treatments in the Phase III clinical trial phase, but joined Standard & Poor’s’ index of Australia’s top 200 companies in December 2021 and has cratered more than 80 per cent since.
Lake Resources entered the S&P/ASX 200 Index in June 2022 and its shares have also plunged more than 80 per cent since.
As a corollary, if you want to attract and win the trust of serious overseas investors – including sovereign wealth funds, pension funds, and asset managers – you don’t want a flagship index pockmarked by penny stocks.
The UK’s regulatory environment forces around 850 smaller, speculative companies to list on its Alternative Investment Market to ringfence the integrity and attractiveness of its benchmark FTSE 100 Index. It makes sense to separate out speculative businesses from real businesses to protect investors, while still helping small companies attract capital.
Elsewhere, Australia’s rival for Asia-Pacific capital markets, Singapore, built its economy on tough financial services regulation that gave international investors confidence in its markets and a competitive advantage over dozens of regional competitors. The island state teems with international law firms, hedge funds, and asset managers precisely because sound regulation attracts capital and brings jobs.
Today, a business can list on the ASX with a minimum market cap of just $15 million, with inclusion in the S&P/ASX 200 based on minimum free floats, market cap, and trading volumes.
As a starting point, the S&P/ASX 200 should exclude businesses that have zero revenue and stock prices under $1 to protect index buyers and other market participants.
wilzy123
Founding Member
Hey deadbeat. You still got a pulse?
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