BRN Discussion Ongoing

[TheDrooben]

A bit eachway with the CR........on the one hand extra $25M in the kitty at a very small discount to VWAP - many CR are conducted at a 20-30% discount and also an Insto willing to get in at that small discount as well is positive IMO. Small carrot for us retail holders - I think it will be oversubscribed and they will raise more than the $3M. The risk section of the presentation is standard for annual reports and half-yearly reports anyway so if you have been reading them you should know the risks. Would have liked to have seen some commentary on the progress of IP deals but the advancement of TENNS etc might be key to landing these deals........

Anyway Larry is a bit....

 

[Yoda]

Again people here get all excited with no reason. Wild theories with no foundation in fact. Creating an emotional roller coaster for themselves. Why? Company said it was a credit raise and that is exactly what it was.

I don't think that is what is concerning people. What is concerning people is the fact that we need a CR years after we were told that the product would achieve 'explosive sales' and years after Sean said in an AGM that we would achieve enough revenue to cover our costs by the end of the year. The headwinds excuse only holds so far. Maybe we need to trim our sails to the direction of the wind? It's time we had some positive news from the company and some meaningful customer engagement.

 

[MadMayHam | 合氣道]

In the interest of discussion about the company, I have been doing a lot of thinking lately.

I think John Chen (ex-CEO of Blackberry) would be a good candidate for BRN CEO. He's turned around Sybase from a loss making company to a $6B company at acquisition, though his record with Blackberry (before his recent retirement) was not stellar, he did right the hulking ship and pivoted the company away from handsets into IoT and security software. I wonder if he would consider coming out of retirement to try and commercialise the world-changing technology of a small neuromorphic tech firm?

... which brings me back to my point above

John Chen - Board Member, Policy Advisor, Former Executive Chair & CEO of BlackBerry and Sybase | LinkedIn

Board Member, Policy Advisor, Former Executive Chair & CEO of BlackBerry and Sybase · As a current Board Trustee at UCSF Benioff Children's Hospitals, my focus lies in fostering healthcare innovation and ensuring the delivery of top-tier medical services. With a tenure marked by leadership in...

www.linkedin.com

 

[CWP]

I've been in this stock for years and invested a lot in it. We were given such an optimistic outlook for it but years after it has been released to market - nothing. What is going wrong? And how can it be fixed and a course to success steered? Management have to address this asap!

I've been in this stock for years and invested a lot in it. We were given such an optimistic outlook for it but years after it has been released to market - nothing. What is going wrong? And how can it be fixed and a course to success steered? Management have to address this asap!

I’m in the same boat, been here 5+ years and have been overall happy up to a point that’s quickly approaching. Is it that companies are happy to “play” with the technology but then decide to move forward and develop their own in-house solutions ?
Either way it would appear, with the limited information provided, and the opinion of the market, that management are somewhat misguided in their plan to financial success.

 

[Yoda]

In the interest of discussion about the company, I have been doing a lot of thinking lately.

I think John Chen (ex-CEO of Blackberry) would be a good candidate for BRN CEO. He's turned around Sybase from a loss making company to a $6B company at acquisition, though his record with Blackberry (before his recent retirement) was not stellar, he did right the hulking ship and pivoted the company away from handsets into IoT and security software. I wonder if he would consider coming out of retirement to try and commercialise the world-changing technology of a small neuromorphic tech firm?

It could be

I’m in the same boat 5 years+ It really does seem everyone’s happy to play with it then move on to building their own in house version.

I’m in the same boat, been here 5+ years and have been overall happy up to a point that’s quickly approaching. Is it that companies are happy to “play” with the technology but then decide to move forward and develop their own in-house solutions ?
Either way it would appear, with the limited information provided, and the opinion of the market, that management are somewhat misguided in their plan to financial success.

I am coming to the opinion that Sean has to go and a new strategy is needed. The current strategy clearly is not working. And why can't they close these sales? They say they are close, but they have actually been saying that for over 12 months now. What is actually going on?

 

[Bravo]

... which brings me back to my point above

So long as you're looking at options for a new CEO, I may as well throw my hat in the ring. It can't get much worse than it is already, plus if I was the boss I'd give everyone a mental health day off work today.

 

[DK6161]

Great news from Sean and the company.
I have to repeat myself again here, but this is a long-term game. Anyone who thinks that this 4C would have significant revenue is foolish and should take a hard look at themselves.

It is critical and important that we continue to develop and broaden our technology portfolio.
Money spent now will ensure that we continue to lead the AI on the edge race!
I'd like to congratulate Sean for keeping the ship straight and continuing with our goals.

AKIDA BALLISTA
Not advice.

 

[Yoda]

So long as you're looking at options for a new CEO, I may as well throw my hat in the ring. It can't get much worse than it is already, plus if I was the boss I'd give everyone a mental health day off work today.

I'm with you Bravo, things not at all going the way we'd hoped. "Sean out" is the view I have reluctantly come to after so many broken promises and predictions that have not come to pass. Better now than before it is too late. Anything for some improvement. A CEO that identifies themself as a cat is even worth trying at this rather desperate point. Not happy today

 

[Unclederek]

Is it possible that one of the EAPs has taken a small stake in our company

 

[AARONASX]

Is it possible that one of the EAPs has taken a small stake in our company

Maybe, I am going to avoid specutions as only leads to my disappoint, but I for one would and would think sharing that as a priority to the market so as not to piss off your investors any more than your have already....example we gave 25 mil away in a CR to Apple, I would be happy then, even if it was 50mil. IMO

 

[Diogenese]

Leaving aside any bed-wetting/dummy-spitting sentiments I may harbour, I'm happy with that - an extra $22M in the bank and we each get a chance to increase our holding by $30k (well 100 of us do).

 

[7für7]

It’s good to express your feelings… go ahead, say what’s bothering you. Better than keeping it inside. However, I believe that we personally can't do anything about the situation… neither you, him, her, nor I are to blame or have any influence over the development. In the end, there are only three options: hold, buy, or sell, and vote accordingly. Sure, you could apply for a position with the advantage of saying, “I’m a BrainChip shareholder and have a vested interest in a profitable company.” So, vent for a day and let’s get back to business.

Edit: 4 options

 

[keyeat]

It could be

I am coming to the opinion that Sean has to go and a new strategy is needed. The current strategy clearly is not working. And why can't they close these sales? They say they are close, but they have actually been saying that for over 12 months now. What is actually going on?

Kick him out !

 

[7für7]

Here are the links of today’s announcement for everyone who don’t want to search by himself

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831379-2A1537324&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831380-2A1537271&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831381-2A1537323&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831382-2A1537326&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831383-2A1537279&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831384-2A1537283&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02831385-2A1537287&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

 

[Bravo]

I'm happy with that - an extra $22M in the bank and we each get a chance to increase our holding by $30k (well 100 of us do).

If you were going to increase your holding, wouldn't you just buy now at 18.5 cents instead of 19.3 cents?

 

[FiveBucks]

I don’t know about you but I’m not a day trader or something… people loose their money by overreacting selling low because of irrational thoughts… I don’t care about what is now… i still think we can get a nice turnaround

Definitely not a day trader. I've been on this rollercoaster for years.

If I own 1 share for 20 cents in a company worth 1 dollar. That company increases in value to $5 and the value of my share is now $1.

With the credit raise, my share in the company (with the company value at $1) has gone from 20 cents to 19 cents. So if the company increases to a $5 market cap, my holding is only worth 95 cents, not $1.

Dilution.

Unfortunately, all of our shares are worth less now, regardless of people selling etc and the share price dropping as a result.

 

[Diogenese]

If you were going to increase your holding, wouldn't you just by now at 18.5 cents instead of 19.3 cents?

In the immortal words of Mr Creosote "I'll have the lot!"

 

[Diogenese]

In the immortal words of Mr Creosote "I'll have the lot!"

Sorry, sorry, ... normal transmission will resume shortly.

In the meantime, some elevator music ...

Buying shares under the SPP provides cash for the company, whereas buying ASX shares delivers the cash to some random capitalist.

 

[7für7]

But here it’s better than on crapper

We've been spendin' most their lives livin' in the shorters paradise
We've been spendin' most their lives livin' in the shorters paradise
We keep spendin' most our lives livin' in the shorters paradise
We keep spendin' most our lives livin' in the shorters paradise


It’s time to change direction Sean

 

[Diogenese]

Sorry. sorry, ... normal transmission will resume shortly.

In the meantime, some elevator music ...

Buying shares under the SPP provides cash for the company, whereas buying ASX shares delivers the cash to some random capitalist.

I only buy shares to stop the capitalists from getting them.