BRN Discussion Ongoing

[MadMayHam | 合氣道]

Well, if you consider the CD was 1st invented in 1979, but didn't overtake vinyl records till the late 80s, it may give some indication. Better technology is not always embraced early. Just a thought, that's all.

The first commercial CD was released in 1982, and by 1984 they were selling in the millions (16.4 million to be exact)...

Akida 1000 was commercially available in Jan 2022 and to date 2024 I'm not even sure if it has sold even a hundred (sample) units from the revenue figures.

Additionally, CDs were sold for about US$18 in 1982, which adjusted for inflation would be about $60 today. Notwithstanding the CD players required cost about $3300 in 2024 dollars.

One of the CEOs said it would cost about $15 per chip (or less?) if produced under licence, and yet not a single commercial product has Akida inside.

Actually a very depressing comparison, anyone know a good shrink?

The Rise and Fall of the Compact Disc

The Rise and Fall of the Compact Disc where US CD sales have gone from a peak of 942.5 million copies in 2000 to 34.4 million in 2022.

www.hiresaudio.online

 

[Meatloaf]

Be interesting to see if these dogs are still short. Not massive in the scheme of things but anyway.

This filing was end June for end April data.

SEC.gov | EDGAR Full Text Search

Picked up from Fintel.

https://fintel.io/sosh/au/brn

By my calcs (could be wrong) about AUD$556k at ~ 0.285 after quick conversion at their rate listed. If get a move up to high 20's then I'd expect they'd maybe looking to cover unless of course already done since April.

View attachment 67103 View attachment 67104 View attachment 67105

Given the ~ 0.28 I'd suspect bought in around 29/4 or 30/4 as prior to, we were in the 30s.

View attachment 67108

It doesn’t matter if they are still short. Does not change the fact that management have not been able to get deals signed. Shorters are only taking advantage of poor performance. Had Brn produced quality clientele and contracts the shorters would be running for the hills.

 

[Dallas]

x.com

x.com

 

[wilzy123]

Look, today I was hoping that the CR was going to be followed by a positive announcement such as: an expansion or allowing an investor to purchase shares which could lead to future revenue.

The fact that Brn were raising money through LDA, prior, gave no reason to believe that this was just a standard CR.

When the TH was announced they stated:

Reason for the trading halt – the trading halt is requested to allow the capital raise to take
place in an orderly manner.

I was very disappointed when the truth was that Brn are not anywhere near what I was hoping for.

Akida 2 was introduced in 2023 and so far not one positive announcement. Renesas nearly 4 years ago, Mega Chips nearly 3 years ago.

How many engineers are employed at Brn, someone mentioned 65 the other day (I’m not sure if that is correct). But let’s say even 30 and we have revenue of 48k. Crikey. Surely, as a SH you have to ask yourself: what the bloody hell is going on?

To be honest, I wasn’t expecting 5 million revenue but I was expecting progress.

The idiots on HC must be cracking themselves now. MF is only too happy to write more damming articles. But you know what, Brn management make it so easy for them.

One positive of all of ''this' is, at least now we know your litmus test for success is HC and MF.

 

[Pom down under]

Does anyone know how you get an application form for the SPP?

 

[wilzy123]

Does anyone know how you get an application form for the SPP?

In here?

 

[Pom down under]

One positive of all of ''this' is, at least now we know your litmus test for success is HC and MF.

Me after reading all the posts over at the crapper this morning.

 

[Pom down under]

In here?

View attachment 67118

That’s what I thought but how do you pay for it without a customer reference number and billers code and it’s only a sample. Do I need to call up and ask for an application form? Do you need to be a current SH to get these? as I want to buy some for my company


Just emailed the company so hopefully will get an answer

 

[TheDrooben]

That’s what I thought but how do you pay for it without a customer reference number and billers code and it’s only a sample. Do I need to call up and ask for an application form? Do you need to be a current SH to get these? as I want to buy some for my company


Just emailed the company so hopefully will get an answer View attachment 67120

Application forms are sent out to your registered address or email that you have with your trading account. All you need to do is transfer funds into the Bpay code with your customer reference number by the 15th August

 

[rgupta]

Look, today I was hoping that the CR was going to be followed by a positive announcement such as: an expansion or allowing an investor to purchase shares which could lead to future revenue.

The fact that Brn were raising money through LDA, prior, gave no reason to believe that this was just a standard CR.

When the TH was announced they stated:

Reason for the trading halt – the trading halt is requested to allow the capital raise to take
place in an orderly manner.

I was very disappointed when the truth was that Brn are not anywhere near what I was hoping for.

Akida 2 was introduced in 2023 and so far not one positive announcement. Renesas nearly 4 years ago, Mega Chips nearly 3 years ago.

How many engineers are employed at Brn, someone mentioned 65 the other day (I’m not sure if that is correct). But let’s say even 30 and we have revenue of 48k. Crikey. Surely, as a SH you have to ask yourself: what the bloody hell is going on?

To be honest, I wasn’t expecting 5 million revenue but I was expecting progress.

The idiots on HC must be cracking themselves now. MF is only too happy to write more damming articles. But you know what, Brn management make it so easy for them.

I agree with you, down rampers are on top right now. Regarding CR I still feel it is better achieved coz it is finished in quick succession unlike keeping on market sale for 10 continuous months.
But biggest part of story now is when can we crack a deal. If there is no deal that means there is no business. Even renasas plans to tape out a chip by end of 23 which is nowhere looks like coming now.
Company does not want to make akida 2000 as they assume someone else will make but still no talk about that
TENNs and Vits are promoted largely but deals are not getting through.
End of the day, it is better to sleep and come back when there is some light at the other end. Even management chose that course now. Our management is they can do nothing and that is it. Accept the truth.

 

[supersonic001]

Ensuring the safety and integrity of infrastructure is critical. BrainChip's Akida sensor capabilities enhance this by detecting abnormalities in structural vibration, reducing risk and enabling… | BrainChip

Ensuring the safety and integrity of infrastructure is critical. BrainChip's Akida sensor capabilities enhance this by detecting abnormalities in structural vibration, reducing risk and enabling preventative maintenance. The Akida Edge AI processor provides early diagnostics through real-time...

www.linkedin.com

 

[ceej]

At this stage, I don't understand why people are still blaming the shorters for the depressed share price... Despite having a commercially available product since 1Q2022, the company has had no sales for the the better part of the last 8 or so quarters, and barely (if any) NRE income (which usually would be an indication of future sales), no known contracts approaching on the horizon, yet bleeding $7m each quarter on average... the last commercial agreement involving any significant payments happened under LDN/PVDM's watch. Our last 4C revenues were $48,000. That's 1.25% of expenditure for the quarter, and we're not even talking about profit here. The 4C before that we had double the revenue ($90k), which made up 2.1% of expenditure. Even without shorts where do you think the price would be?

Now if I'm a fisherman and every night I catch 5 fish, which isn't enough to feed the kids, I don't keep doing the same thing. I either get a bigger net or change the fishing spot and timing.

Sean has done what he can, we need another CEO who can hit the ball out of the park, not creep a wicket every few bats. He told us to judge his performance by the financials, so that's what we should do. We can't afford to wait till the end of his 5-year plan to see that it has failed, then spend another year looking for a new CEO and giving him another half a decade of run time. We don't want to be Betamax. Someone has to bear the responsibility of the share price dropping more than 50% over the time period, and it sure isn't the shorter.

Agreed, the CEO has never inspired confidence. The board needs to act swiftly and decisively to appoint a replacement that can either implement the IP strategy or change course effectively.

 

[Pom down under]

Application forms are sent out to your registered address or email that you have with your trading account. All you need to do is transfer funds into the Bpay code with your customer reference number by the 15th August

I just asked TD and he said the application form is in the ASX announcement never mentioned anything being posted out

 

[Onboard21]

I rarely post but I read this forum every day. I sometimes question my decision to invest in BRN, we all do at times. I have been invested for several years. The lack of any lucrative announcements is disheartening, but I promised to give myself until the end of the year. When Sean came on board he changed the structure of how the company was going to move forward and he laid out a five year plan which was approved by the board. The end of this year will be his third year. People are frustrated, as I am, but do we give him his five-year plan? Multi-million dollar companies don't invest in new technology on a whim, they take their time and make absolutely sure it's beneficial and profitable. So I hope by the end of this year we see his five-year plan slowly come into fruition. Fingers Crossed.

 

[IloveLamp]

UCPS raises $25M for BrainChip | Unified Capital Partners (UCPS) posted on the topic | LinkedIn

Unified Capital Partners (UCPS) is honoured to be acting as Sole Lead Manager, Underwriter and Bookrunner to raise $25 million by way of a $22 million fully underwritten Institutional Placement offer and $3 million Share Purchase Plan for BrainChip (ASX: BRN). The offer was priced at...

www.linkedin.com

 

[Pom down under]

Agreed, the CEO has never inspired confidence. The board needs to act swiftly and decisively to appoint a replacement that can either implement the IP strategy or change course effectively.

 

[TheDrooben]

I just asked TD and he said the application form is in the ASX announcement never mentioned anything being posted out

Bit hard to transfer any money when there is no Bpay number!!!!
We won't get any retail take up of the SPP without a Bpay and reference number Tony!!!!

 

[Quiltman]

I haven't seen anything written about the lack of options associated with this raise.
Not only was there minimal discount, but NO attaching options.

I don't know about others here, but all but one of the companies I hold that have run CR's over that last 18 months have had to attach options to attract investment. It's been tough to get the $'s. The granting of options inevitably leads to heads being dumped for a small profit, and said "investors" holding options only.

Not the case here. Seemed that the business case was enough to attract the required investment. IMO, this is a HUGE positive.

BTW, the company that ran the SPP without the options was hoping to raise $2M , raised $7.8M, 4x oversubscribed. . 20% of existing holders participated.

 

[Meatloaf]

Yo

One positive of all of ''this' is, at least now we know your litmus test for success is HC and MF.

You’re kidding right. I was stating the obvious.
Had nothing to do with any success test.
Once again, you prove yourself to not contribute anything of any value. Except bash anyone who dares to ask questions.

As a LT SH I believe that I have a right to ask questions.

I’m not going to keep blindly protecting management if the results are not there.

 

[Pom down under]

Bit hard to transfer any money when there is no Bpay number!!!!
We won't get any retail take up of the SPP without a Bpay and reference number Tony!!!!

View attachment 67129

I’ve asked and maybe we will get a new asx announcement if it was a normal error