I have taken BRN off my watchlist. One day I'll read the paper and see I'm a millionaire. until that time, I'm done. I will not par take in any CR I will not sell a single share. i will not remember I hold BRN until it makes head lines. Good luck all, but overall the story is great, the execution is abysmal. I've got better things to do with my time than watch these guys promise the world and sink in the sea.
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
No revenue, big salaries, experienced staff leaving, continued promises with lack of accountability, what appears to be a lack of any actual financial progress toward break even status.
It does start to make you wonder if the technology isn’t all its cracked up to be ? The sector is pumping yet Brainchip appears to be sinking.
Was Mr Heir indeed a good hire ? His running out of time to deliver in my eyes, smoke and mirrors comes to mind…
Does anyone else find the “risks” section quite concerning ? Reads like a get out of jail free card for management if they can’t deliver on their promises.
Just my thoughts after the latest flop of a quarterly.
It does start to make you wonder if the technology isn’t all its cracked up to be ? The sector is pumping yet Brainchip appears to be sinking.
Was Mr Heir indeed a good hire ? His running out of time to deliver in my eyes, smoke and mirrors comes to mind…
Does anyone else find the “risks” section quite concerning ? Reads like a get out of jail free card for management if they can’t deliver on their promises.
Just my thoughts after the latest flop of a quarterly.
FiveBucks
Regular
Would have liked to have seen a few pages of opportunities to help offset the risks!
Pom down under
Top 20
So much hope only to be let done yet again
FiveBucks
Regular
How is it nothing lost? Dilution just devalued your holding by 5%
Yoda
Regular
7für7
Top 20
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
Rangersman
Member
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.
Fullmoonfever
Top 20
Me with the BRN team....let you guess which one I am 
TheDrooben
Pretty Pretty Pretty Pretty Good
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....
Anyway Larry is a bit....
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Yoda
Regular
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
Regular
... which brings me back to my point above
John Chen - Board Trustee - UCSF Benioff Children's Hospitals | 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...
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
Regular
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?
Bravo
If ARM was an arm, BRN would be its biceps💪!
... 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.
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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.
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
Regular
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
Emerged
Is it possible that one of the EAPs has taken a small stake in our company
AARONASX
Holding onto what I've got
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
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