BRN Discussion Ongoing

[Smoothsailing]

The fact BRN team is as high level as they go means their doing their jobs and we are being assessed by the biggest out there to sign up to this new revolutionary technology. It’s going to work

 

[wilzy123]

I am also extremely frustrated with the words from our CEO - "Explosion of sales etc etc." Normally, I would have lost faith in management and ejected long ago... But... what keeps me intrigued and holding... isn't the words from our management... it's the validation from companies like Tata, Mercedes, NASA, the European sapce Agency, Megachips, Arm, Intel etc. I've been burnt by "lifestyle" companies in the past, spruking glossy brochures and false promises only to dissapear into receivership. But, no such company, has had the heavy weight of their industry promoting how great their product is - as Brainchip does. That alone has me keeping the faith and telling myself to be more patient.

 

[DK6161]

I still believe that explosive sales and imminent IP signings (i.e. significant revenues) are coming any weeks now.
Let's put this week behind us and move on please.
Here is to Green Monday!

Not advice

 

[Humble Genius]

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…

www.linkedin.com

View attachment 67125 View attachment 67126 View attachment 67127

Here's the link......

 

[FJ-215]

I think given the events of the last couple of days and associated sentiment change of people within the community here that it might be prudent to reassess the operating circumstances of the company and our current stake in it.

Currently, we all possess some level of investment in a company providing a cutting edge product that most technology companies are not actually placed to implement into existing products. This company currently has a market valuation of 350m.

If even one significant revenue generating deal were to be signed, the company would likely move from a loss creator to break even (or profitable). This would likely allow the company to move from strength to strength garnering a significant increase in the share price. In fact, many speculate that the company has the potential to become a several billion dollar company if such deals come to fruition.

Given the potential value of the company, If the process of securing such a deal was linear or assured, the market would have taken this into its consideration of BRNs value long ago. The fact it has not done so provides some insight into the complexity of the field in which BRN navigates, and reminds us retail investors that success will be hard fought and is evidently not a guarantee.

Many apportion this to the affect of manipulation or shorters, but I believe a more balanced take is that the market has priced in the complexity of procuring such a deal, and the risk of us not being able to.

Realistically, we hold a stake in a company that has the ability to 10/100x based on its current valuation. Instead of viewing the signing of large or significant deals that will have a transformative effect on the fortunes of the company as a guarantee, I think some are beginning to realise (and sophisticated investors which we love to lament have known all along) that this is not the case. In no other field of investment (or gambling) would punters enter into an arrangement expecting that a 10/100x shot was a surety.

Whilst I relate to the issues that many have with Sean and the current leadership team, I think that many have placed an unrealistic (admittedly one contributed to by leadership/BOD themselves) expectation on their shoulders. The task of procuring a long term revenue generating deal was always an enormous one. Deapite not meeting their initial expectations of revenue generating deals being signed within their initial tenure, I think many may need to take a step back and realise the enormity and complexity of their task.

As mentioned, institutions and SIs recognise this and have priced BRN appropriately. I for one am comfortable with risk I have taken on by purchasing a stake in the company given the fact it has the potential to significantly change my personal circumstances if it one day meets the potential value we all expect. However, given the circumstances I also recognise that this success is not guaranteed, and if it were I would not have had the opportunity to secure as large a stake as I have.

I will continue to follow BRN news from time to time and check in with its SP movements, but will be reframing my mindset to a more realistic one - the odds are stacked against the company in a relatively tough business environment - a deal in the short/medium term would represent a huge success - one that “bookmakers” have not taken into consideration in their current pricing evaluation - and would not simply be par for the course of normal expectation.

I know many have been invested for long periods and will view this differently, but I think given the circumstances and the markets valuation this outlook is probably quite realistic.

Evening Plebby,

An interesting take on where we are and what you think you have invested in.

Also very interesting phasing. Almost as if it was written by a lawyer.

Anyway, lets have a look at this paragraph.....

"Whilst I relate to the issues that many have with Sean and the current leadership team (I'm on your side), I think that many have placed an unrealistic (admittedly one contributed to by leadership/BOD themselves) expectation on their shoulders.(I'm on their side) The task of procuring a long term revenue generating deal was always an enormous one. (What the Donald D, WE ARE AN IP COMPANY, THIS IS WHAT WE DO) Deapite not meeting their initial expectations of revenue generating deals being signed within their initial tenure, I think many may need to take a step back and realise the enormity and complexity of their task."


"The task of procuring a long term revenue generating deal was always an enormous one"
You speak in the singular alot. As if the company is interested in one deal and one deal only. We need multiple licenses sold every year, for years on end, until royalities from past sales, kicks in. Only then will BRN be a truely profitable company.

I won't bother with the rest of the rubbish......

 

[FJ-215]

Dammit!
A few months back I had an image on PVDM on stage, in a turle neck (pick your colour), announcing Akida on to the world stage. Complete with XTC in the background playing "Senses working overtime"

Now I've got Sean with.............

 

[Pom down under]

View attachment 67145

Must be a full moon as this place is full of em today

 

[Plebby]

Evening Plebby,

An interesting take on where we are and what you think you have invested in.

Also very interesting phasing. Almost as if it was written by a lawyer.

Anyway, lets have a look at this paragraph.....

"Whilst I relate to the issues that many have with Sean and the current leadership team (I'm on your side), I think that many have placed an unrealistic (admittedly one contributed to by leadership/BOD themselves) expectation on their shoulders.(I'm on their side) The task of procuring a long term revenue generating deal was always an enormous one. (What the Donald D, WE ARE AN IP COMPANY, THIS IS WHAT WE DO) Deapite not meeting their initial expectations of revenue generating deals being signed within their initial tenure, I think many may need to take a step back and realise the enormity and complexity of their task."


"The task of procuring a long term revenue generating deal was always an enormous one"
You speak in the singular alot. As if the company is interested in one deal and one deal only. We need multiple licenses sold every year, for years on end, until royalities from past sales, kicks in. Only then will BRN be a truely profitable company.

I won't bother with the rest of the rubbish......

Hi FJ,

Not written by a lawyer - just written by someone who has dropped a chunk into the company and has hoped like we all have to see it pay off.

I only speak in the singular because of the effect even 1 deal would have on the company moving forward. I also hope for multiple deals to be signed and for BRN and Akida to become ‘ubiquitous’ across multiple industries.

As I noted, this is just my take on where we currently sit and I’m sure many punters will view it and our current circumstances very differently.

 

[Pom down under]

Dammit!
A few months back I had an image on PVDM on stage, in a turle neck (pick your colour), announcing Akida on to the world stage. Complete with XTC in the background playing "Senses working overtime"

Now I've got Sean with.............

Such a great song but love this version and video better

 

[FJ-215]

Hi FJ,

Not written by a lawyer - just written by someone who has dropped a chunk into the company and has hoped like we all have to see it pay off.

I only speak in the singular because of the effect even 1 deal would have on the company moving forward. I also hope for multiple deals to be signed and for BRN and Akida to become ‘ubiquitous’ across multiple industries.

As I noted, this is just my take on where we currently sit and I’m sure many punters will view it and our current circumstances very differently.

All good,

As a LTH, with the path that has been choosen by the current BoD, one deal here or there is not enough. Five to ten per year depending on the value as a collective is the bare minimum.

That is break even for a company just finding its feet.

Is there another company on the planet offering "one shot learning"?

 

[FJ-215]

Such a great song but love this version and video better

Oh god,

As if I wasn't celibate enough already.

 

[Fullmoonfever]

Must be a full moon as this place is full of em today

View attachment 67148

Heeeeyyy.....I take offence to that

 

[manny100]

All good,

As a LTH, with the path that has been choosen by the current BoD, one deal here or there is not enough. Five to ten per year depending on the value as a collective is the bare minimum.

That is break even for a company just finding its feet.

Is there another company on the planet offering "one shot learning"?

Not sure but probably a few claim the 'one shot' but no one has TENNS which is a game changer

 

[HUSS]

I am not frequently post in this forum. But i am really disappointed from what happened in the last few days! We were waiting an announcement for big deal, we got CR though we have enough cash at hand at least for two quarters. This surprise CR never mentioned in the last AGM if i remember correctly, its just came from no where!!

We really as a longterm SHs needs an update through podcast or something from the CEO and management of whats going on! I don’t care about what Sean always writes in the 4C as general repeating statements.

Also Last AGM one guy asked him about what happened with existing contracts with Megachips and Renesas. I didn’t like his answer as i remember as he said “ we don’t know, its their own business and we don’t get into their business” sorry mr Sean i believe its also your business and your team job to check with them what going on with their licences and if everything and Akida works well and also ask them what about their latest announcement last year about tapping out akida chip if they need any help etc etc. Mr Sean, if you cannot till date bring new IP deal, we expect from you at least to follow up with the existing deals!?righ! Its not like something that companies buy licenses and disappear!!! This is ABC in business relationships I think !!

Cheers,

 

[Pom down under]

I am not frequently post in this forum. But i am really disappointed from what happened in the last few days! We were waiting an announcement for big deal, we got CR though we have enough cash at hand at least for two quarters. This surprise CR never mentioned in the last AGM if i remember correctly, its just came from no where!!

We really as a longterm SHs needs an update through podcast or something from the CEO and management of whats going on! I don’t care about what Sean always writes in the 4C as general repeating statements.

Also Last AGM one guy asked him about what happened with existing contracts with Megachips and Renesas. I didn’t like his answer as i remember as he said “ we don’t know, its their own business and we don’t get into their business” sorry mr Sean i believe its also your business and your team job to check with them what going on with their licences and if everything and Akida works well and also ask them what about their latest announcement last year about tapping out akida chip if they need any help etc etc. Mr Sean, if you cannot till date bring new IP deal, we expect from you at least to follow up with the existing deals!?righ! Its not like something that companies buy licenses and disappear!!! This is ABC in business relationships I think !!

Cheers,

 

[FJ-215]

Not sure but probably a few claim the 'one shot' but no one has TENNS which is a game changer

Has anyone bought a license for TENN's.

Or is it a concept we are working on......hence the CR to fund its development.

 

[Pom down under]

Hi FJ,

Not written by a lawyer - just written by someone who has dropped a chunk into the company and has hoped like we all have to see it pay off.

I only speak in the singular because of the effect even 1 deal would have on the company moving forward. I also hope for multiple deals to be signed and for BRN and Akida to become ‘ubiquitous’ across multiple industries.

As I noted, this is just my take on where we currently sit and I’m sure many punters will view it and our current circumstances very differently.

 

[Pom down under]

Hi FJ,

Not written by a lawyer - just written by someone who has dropped a chunk into the company and has hoped like we all have to see it pay off.

I only speak in the singular because of the effect even 1 deal would have on the company moving forward. I also hope for multiple deals to be signed and for BRN and Akida to become ‘ubiquitous’ across multiple industries.

As I noted, this is just my take on where we currently sit and I’m sure many punters will view it and our current circumstances very differently.

 

[Pom down under]

Good afternoon stakeholders,

Well, after thinking about what I read yesterday, the only disappointing area for me was seeing $48,000 USD in cash receipts, am I to
assume that only 50 Edge-Box's were sold, meaning 100 AKD I chips, I stuck my neck out thinking the cash receipts would be north of
about $300,000, anyway, some may remember that I reached out to VVDN a little while ago and at the time of posting hadn't heard a word,
well a couple of weeks ago I received an email from them, promoting the company, but nothing about the Akida AI Edge-Box, then today I
received a direct invitation/request for a zoom call with the software product engineers team, at my earliest convenience !!

Maybe the way in which I worded my questions gave out the wrong impression, I think I'll need Jesse Chapmans engineering background
to get me out of this one !!

Back to the report.

Having calculated the funding, our balance sheet will include the following during this current quarter:

16.777 Million AUD (Cash on Hand)
5.565 Million AUD (LDA Capital- Final Payment)
25.000 Million AUD (Capital Raising/SPP)

47.342 Million AUD Total Funds

With a steady cash burn of around 6.154 Million AUD per quarter, it would indicate all things being equal, we will have around 23 months
or 7.69 quarters of runway, without any revenue, so help me God !!

Having Peter making himself available for the SAB is fantastic, despite losing 3 top class SAB members, the two coming onboard are
excellent replacements, with heaps of experience who will no doubt offer new dynamic ideas and a fresh prospective on things as we move
into this next phase.

On a sad note, I'm sorry to see our Research Institute close down, but I understand why to some degree, I can't state this as fact, but I'm
100% sure Peter would have been fighting hard to keep it open for business in downtown Perth.

So, overall, despite feeling a little disappointed with yesterdays news, many positives were visible and let's all be honest, the technology
isn't going away, it's only becoming stronger, month by month....we know Mercedes Benz is going to name another partner later this year,
maybe October ? who knows, we may just feature in the equation.

Keep the faith.....Tech

How’s your January 2025 prediction going now?

 

[Fullmoonfever]

For those that don't like dots, the concept of joining them literally or by association or the potential opps they present.......... look away now

Obviously not saying these links are anything concrete or revenue generating ...yet, but this is just me looking at how an ecosystem can work, expand and create possible overlap opps for end users, developers etc to potentially gain experience with and exposure to Akida.

So Edge Impulse has solution partners like Brainchip and Arduino and Microchip.

Ecosystem Partners

The Edge Impulse Partner Ecosystem

edgeimpulse.com

I posted the other day that Arduino had now added support for Akida NPU on their Portenta X8.

BRN Discussion Ongoing

Ambiguous announcement pending. NDA etc. etc. Sean at home reading this forum...

thestockexchange.com.au

Now a few days ago Edge Impulse announced they have integrated Microchip’s SAMA7G54 MPU into its EI platform.

Edge Impulse integrates Microchip’s SAMA7G54 MPU into its platform - New Electronics

Edge Impulse, the platform provider for building, deploying, and scaling edge machine learning models, has announced that Microchip Technology’s SAMA7G54 microprocessor (MPU) is now fully integrated into the Edge Impulse platform.

www.newelectronics.co.uk

So what .....well, that MPU just happens to be one of the same by the looks, that we showcased Akida integrated with at CES24. We've shown we can integrate with it and now I expect Edge Impulse can show they can be used to "sample raw data, build models, and deploy trained embedded machine learning models directly from the Edge Impulse studio" and I'm hoping including Akida for those that want to test it.

BrainChip demonstrates its neuromorphic processor on Microchip’s 32-bit MPU at CES 2024 | Edge Industry Review

BrainChip aims to highlight its capabilities in always-on machine learning tasks, including keyword spotting and visual wake words.

www.edgeir.com

Is worthwhile looking at the links and what these boards do, are targeted at, how EI fits in enabling them and how Akida could be utilised which adds to exposure and trusting, further enquiries to revenue generating opps.