Newk R
Regular
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.
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
MadMayHam | 合氣道
Regular
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 enough to cover only 1.25% of expenditure for the quarter, and we're not even talking about profit here. And what's worse is that the revenue is half of the previous quarter 4C's revenue of ($90k), which covered only 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. I'd be happy to be proven wrong in the next quarter, but 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 the next guy 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.
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. I'd be happy to be proven wrong in the next quarter, but 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 the next guy 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.
Last edited:
MadMayHam | 合氣道
Regular
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
Last edited:
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.
wilzy123
Founding Member
One positive of all of ''this' is, at least now we know your litmus test for success is HC and MF.
Pom down under
Top 20
Does anyone know how you get an application form for the SPP?
wilzy123
Founding Member
Pom down under
Top 20
Pom down under
Top 20
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
Last edited:
TheDrooben
Pretty Pretty Pretty Pretty Good
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
Regular
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
Regular
BrainChip on LinkedIn: Ensuring the safety and integrity of infrastructure is critical…
Ensuring the safety and integrity of infrastructure is critical. BrainChip's Akida sensor capabilities enhance this by detecting abnormalities in structural…
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
Top 20
I just asked TD and he said the application form is in the ASX announcement
never mentioned anything being posted outI 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.
Last edited:
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…
Pom down under
Top 20
TheDrooben
Pretty Pretty Pretty Pretty Good
Bit hard to transfer any money when there is no Bpay number!!!!I just asked TD and he said the application form is in the ASX announcement
We won't get any retail take up of the SPP without a Bpay and reference number Tony!!!!
Quiltman
Regular
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.
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.
Similar threads
