What's your view on the slide presentation on TeNNs by the CTO?
BRN Discussion Ongoing
- Thread starter TechGirl
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rgupta
Regular
Those of you who want to crush the board can sell your shares and get stuffed.The board has my full support. I will not stomp on this little precious seedling...
Go get em brainchip. Upwards and onwards....
I didn't expect much from this quarter like I said before, but am hopeful for this year generally...
Those of you who want to crush the board can sell your shares and get stuffed.
I assume that is the best statement. If you are not happy with the board, to me you have two solutions
1. Better board members ( can they see better candidates)
2. Sell today as the prices may go down if board is getting dissolved and it can put projects on hold.
Definitely for negative voting people they can make more money today than if the board is getting dissolved.
Dyor
Interesting reading all the comments on the financials. I didn’t expect much, in regard's to revenue, am surprised others did, to be honest.
I don’t believe that Brn management have mislead anyone. There’s been no promises or guarantees. Just people speculating. Over speculation can bring a lot of disappointment. It also allows down rampers to go wild when results are not that great.
I know that results have been a bit slower than what we hoped for but I do believe that the company had to be properly structured in order to move forward.
The company today is far different than what it was 3 years ago, even 2 years ago. Some people will understand that, others won’t.
Brn had no choice but to form partnerships. It’s was the only way that they could get their products out and flood the market. Everyone is talking about Brainchip atm.
If you do not understand what is going on atm, at least take the time to learn or move on. No point in continually bashing or speculating.
Just my opinion.
GLTAH
I don’t believe that Brn management have mislead anyone. There’s been no promises or guarantees. Just people speculating. Over speculation can bring a lot of disappointment. It also allows down rampers to go wild when results are not that great.
I know that results have been a bit slower than what we hoped for but I do believe that the company had to be properly structured in order to move forward.
The company today is far different than what it was 3 years ago, even 2 years ago. Some people will understand that, others won’t.
Brn had no choice but to form partnerships. It’s was the only way that they could get their products out and flood the market. Everyone is talking about Brainchip atm.
If you do not understand what is going on atm, at least take the time to learn or move on. No point in continually bashing or speculating.
Just my opinion.
GLTAH
Fullmoonfever
Top 20
Talk isn't that cheap if you watch the financials and we also know what lies under the tip of the iceberg did to the Titanic
4 options or a combination of same imo.
Vent here...Vent at the AGM....Sell and reduce the stress of holding...Hold and accept the ride.
Those are the things within my control...other stuff I don't have control or much influence over.
Makeme 2020
Regular
Megachips and Renesas paid for a Ip licence back in 2020.Talk isn't that cheap if you watch the financials and we also know what lies under the tip of the iceberg did to the Titanic
4 options or a combination of same imo.
Vent here...Vent at the AGM....Sell and reduce the stress of holding...Hold and accept the ride.
Those are the things within my control...other stuff I don't have control or much influence over.
It has been stated Many times by numerous shareholders that it takes 2 to 3 years for a company to produce a product .
Sean stated Renesas was bringing a product to market end of 2023.
It is now April 2024.
Talk is cheap Sean.
Fullmoonfever
Top 20
And...from your statement, Sean is either lying or alternatively, merely stated what he had been led to believe as an indicative product release timeframe?
If it is the second, he has no control over what decisions or delays Renesas make or have and his biggest crime on that point would be indicating what he had been led to believe in good faith.
If it is the first, then it would be a problem for misleading though how would you prove either?
Tothemoon24
Regular
Where we are now
As of now, significant progress has been made on the development, testing, and validation of all essential features of the MCU, which have been successfully implemented on the first version of the Motor Control Unit hardware for electric vehicles. Notably, the microcontroller is functional safety capable, simplifying the achievement of required ASIL levels for different electric vehicle application requirements.Additionally, the system boasts effortless configuration for any motor types and position sensors, while its scalable architecture ensures adaptability across diverse vehicle segments.
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Kachoo
Regular
I would say we are in JV with quite a few. Customers that require a joint effort to develop a product for a design win.
See I think BRN long ago felt everyone would fall over for the technology and do all the hard work with them guiding customers and charging for the time.
Companies said wait minutes you show me how this works or I'll pass it up and just stick with the old hence the time is litterly free.
We have based on the Tenns presentation Tony and Oliver did point out 65 Engineers on staff. Now I'll say this that's about minimum 10 million USD a year in people costs if not more. So one thing in my mind for a company people really need to think about is why would BRN keep these staff levels if nothing is being worked on or progressed then they would have cut staff. There has to be some relief on the Dollars comming that they will not comment on.
I Know we had a few signing on the IP Mega chips and Renesas Mega chips paid a total of 4 million believe Which would mean other got the IP also. Then the development time.
I also think that the new round of IP are play first sign later with a component of eng services likely for free. But these products will have a sooner return to market then the Renesas or Megachips time lines.
There is clearly things going on that we are not privy too. I'm also sure that the Board would have had some changes made if they were not happy with the progress Sean is doing. I may not fit our timelines but it may fit the boards.
Also I will ad all are free to vote how they want but spilling the Board will also likely hurt you as an individual investor more then them. Heck they may even have a payout option on the contract and you retail Joe will bare the cost regardless.
Wickedwolf
Regular
My worry is the exact opposite I.e we will be bought out for a fraction of our true worth and this is why ASX announcements are so badly required
DingoBorat
Slim
There are many, many companies on the ASX making millions per year and even quarter, yet they continue to burn cash, year after year, not because of their employee costs, but because of their other costs of doing business.
This is where BrainChip's IP model, is so Golden.
When we "are" making millions per quarter and in an increasingly larger amount, it will be an increasingly larger profit percentage.
Even with increasing technological investment, profits can approach a margin of 90%!
We have no idea, when things will really get moving, revenue wise, here.
But the Company as a whole is moving in the right direction and most of us here know that.
For those of waning patience, keep in mind the saying..
"Fortune favors the old"
Party time, could be just around the corner!
Well said, Kachoo. I wholeheartedly agree.
If you don't have dreams, you can't have dreams come true!
Ok, again let’s let the emotions besides and talk facts. It's important to understand that companies in the Neuromorphic industry, such as BrainChip, have complex business models that take time to unfold. Generating licensing revenues is a key part of these models, but this can vary depending on product maturity, market demand, and other factors. The brainchip team can also not influence the market btw.
It's not uncommon for companies, especially in emerging technology sectors, to take time to achieve their business objectives. Quarterly results alone may not provide a complete picture of how a company will perform in the long term.
Therefore, it's advisable not only to focus on short-term quarterly results but also to consider the company's long-term strategy and milestones. The Neuromorphic industry is still in its early stages, and companies like BrainChip are working to further develop and market their technologies, which requires time and patience. DYOR
Edit: if you don’t know how a license model works, I’m sure you will find in this forum a post from the past using the search option
It's not uncommon for companies, especially in emerging technology sectors, to take time to achieve their business objectives. Quarterly results alone may not provide a complete picture of how a company will perform in the long term.
Therefore, it's advisable not only to focus on short-term quarterly results but also to consider the company's long-term strategy and milestones. The Neuromorphic industry is still in its early stages, and companies like BrainChip are working to further develop and market their technologies, which requires time and patience. DYOR
Edit: if you don’t know how a license model works, I’m sure you will find in this forum a post from the past using the search option
cassip
Regular
just as a side note / update:
They reduced the position of BRN slightly to 2,1% (Siemens now on top position) and to 3,31% respecitvely (now third after Amkor and Infineon).
-> As per 25.4.2024
Regards
Cassip
I Voted against everything and voted to spill the board, I didn’t wait for the 4c knew it would be bad I’m not scared by the doom sayers about spilling the board we have been at 5 cent before and 15 cent not to long ago, Board and Sean said they have listened to shareholders since the last 4c what has changed Nothing,
Maybe they will listen to my vote and others who ain’t blinded by bullshit, What are they gunna do when the money runs out should be the biggest question at the AGM. Acted on behalf of Shareholders my arse.
I would love to have an independant entity acting on behalf of shareholders just acknowledge the NDA’S exist and in the quantity stated. I can’t believe anything else management have said in the past. The only thing I am hanging my hat on is none of the top shareholders have sold out,Watch for the mystery shareholder vote the 150-200million against again plus disgruntled shareholders guessing 40 million.
Strike2 cert
Maybe they will listen to my vote and others who ain’t blinded by bullshit, What are they gunna do when the money runs out should be the biggest question at the AGM. Acted on behalf of Shareholders my arse.
I would love to have an independant entity acting on behalf of shareholders just acknowledge the NDA’S exist and in the quantity stated. I can’t believe anything else management have said in the past. The only thing I am hanging my hat on is none of the top shareholders have sold out,Watch for the mystery shareholder vote the 150-200million against again plus disgruntled shareholders guessing 40 million.
Strike2 cert
Sure, that's why so many here have been ramping up but share price is still here at 20c level, sad.
Evening Chippers,
After looking over a few numbers today , on lack there of , have noticed something..
Before I get started , Anil Mankar ( the chip ) , OBVIOUSLY needs to stay.
We both have lack of hair if nothing else.
According to the 28/4/2024 top 50 shareholders , list graciously provide by management, Obviously to take our minds off the the bigger picture.
Point 1, This relates to management & disclosure of what KMP...( Anil M. In this case ) are up to .
Enveloped over the entire board & KMP ...strategic people and more so when thay ( Anil ) are the 4th largest shareholder on the registry , albeit under 5%.
Would appear, after review of the Ann Report there is a error .....numbers do not gell.
Page 23 Ann Report. The shares held by Anil Mankar , held under Merrill Lynch (Aust) Nominees Pty Ltd on behalf of Mr Mankar......do not tally .
Page 23 , holds 84, 999,833 shares.
Page 69 , holds 86,833,100 shares .
Discrepancy of 1, 833,265 shares.
Apparently HLB Mann Judd WA, are our Auditors and only received $59,260.00 USD to vett the books on behalf of shareholders.
Point 2, If we take the top shareholders list supplied in the Annual Report , accounts up to December 2023, followed by the top shareholders list as of 28th April 2024 , would appear Anil Mankar has offloaded a few ..... without manigement informing the the market ????
Granted Anil only controls 4.163 % ( as of 28.4.2023 ) of stock in this circus, or the 4th largest shareholder.....
Anil's shares.
31st Jan 2024 , held 86,833,100 shares fully paid , according to the Ann. Report ...page 69.
28th April 2024 , held 76,842,009 shares according to the list today, top 50 holders.
Would appear Anil has offloaded 9,991,091 shares in the last three months.
Without disclosure to the market ???????
If anyone can be bothered, please send the above to Fact Finder, don't savey email nor wish to.
Regards,
Esq.
After looking over a few numbers today , on lack there of , have noticed something..
Before I get started , Anil Mankar ( the chip ) , OBVIOUSLY needs to stay.
We both have lack of hair if nothing else.
According to the 28/4/2024 top 50 shareholders , list graciously provide by management, Obviously to take our minds off the the bigger picture.
Point 1, This relates to management & disclosure of what KMP...( Anil M. In this case ) are up to .
Enveloped over the entire board & KMP ...strategic people and more so when thay ( Anil ) are the 4th largest shareholder on the registry , albeit under 5%.
Would appear, after review of the Ann Report there is a error .....numbers do not gell.
Page 23 Ann Report. The shares held by Anil Mankar , held under Merrill Lynch (Aust) Nominees Pty Ltd on behalf of Mr Mankar......do not tally .
Page 23 , holds 84, 999,833 shares.
Page 69 , holds 86,833,100 shares .
Discrepancy of 1, 833,265 shares.
Apparently HLB Mann Judd WA, are our Auditors and only received $59,260.00 USD to vett the books on behalf of shareholders.
Point 2, If we take the top shareholders list supplied in the Annual Report , accounts up to December 2023, followed by the top shareholders list as of 28th April 2024 , would appear Anil Mankar has offloaded a few ..... without manigement informing the the market ????
Granted Anil only controls 4.163 % ( as of 28.4.2023 ) of stock in this circus, or the 4th largest shareholder.....
Anil's shares.
31st Jan 2024 , held 86,833,100 shares fully paid , according to the Ann. Report ...page 69.
28th April 2024 , held 76,842,009 shares according to the list today, top 50 holders.
Would appear Anil has offloaded 9,991,091 shares in the last three months.
Without disclosure to the market ???????
If anyone can be bothered, please send the above to Fact Finder, don't savey email nor wish to.
Regards,
Esq.
If there is a 2nd strike it just means that the BOD is up for re election. With a > 50 % vote required to move the BOD on its likely they will stay.
Sean will stay on if there is a 2nd strike. But if the BOD is removed at a later meeting Sean will likely resign leaving the business completely rudderless. This would play into shorters hands and we could easily hit a low of below 10 cents.
To sack the BOD now is an emotional rather than a rational decision for holders..
I did not expect revenue this quarter and i do not expect to see revenue until the Sept or Dec quarter. The market for BRN products just has not arrived yet. Its hard to move your product if there are no buyers. Once the market starts moving it is predicted to grow quickly.
The technology sounds super impressive and extremely promising.
If you mean in relation to the staff numbers, I didn't want to assume how many were research staff and how many are available for customers. Either way we have more than $90k in 3 months worth of billable hours working in those positions.
TENN's according to the CTO's presentation handle Large Language Models.
Why we are still at this level? Of curse because we have still no gains. Of curse everyone wish we would be at 20000 dollars per share but we are not! But i invested in brainchip when we had nothing than dreams and a mascot as a robot. We was asked by the board which design the box of the product they should use. And we was happy like little children those days. Now we made such big steps and our ecosystem and partners are big players! I would never sell or vote against the team (which anyway would make no sense to change it positively) just because of the actual situation. We reached a lot if you looking back until now. No negative news… products are amazing. I’m talking only for my self because you asked me. I better loose all my invest, then selling and watching how it’s rising after my decision. Second, why not selling and buying lower? It’s to risky in my opinion. If it goes down, I can load up… that’s all good night!
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