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Same thoughts here
BRN Discussion Ongoing
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Pom down under
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GDJR69
Regular
They already have an IP agreement with Megachips and Renesas. A further agreement would likely not be necessary for those companies to use Akida in a product. A contract with a client of those companies to produce product for them containing Akida, providing it did not involve BRN as a party (which is unlikely), would not require BRN to disclose anything to the market. This is perhaps another reason why Sean said 'watch the financials'. (This is not advice but if you disagree, who should I sent my invoice to?
)Gidday all believers, stressed out or otherwise.
FACT: We have progressed in a number of areas within the company, it appears to me at least that we are still running a pretty tight ship,
and I'm only referring to staff management, not the leaky type ship !
The cost savings associated with the closing down of the Research Institute in Perth would involve between 10-15 employees, that's including the 3 guys formally on the SAB and then there's the building lease, which at the time Peter told me we got a great deal as the CBD in Perth had more
commercial vacancy signs than buildings, if that makes sense ?
Obviously the 2 new gentlemen joining the SAB will be on an agreed consultancy fee, but from my knowledge of prior members, it's not a
big sum annually.
Centralizing things at HQ in Laguna Hills around Tony Lewis and the hardware team does make sense, and keeping in mind that Peter is
only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion).
For the ones whom maybe wondering about Shaw and Partners Ltd, we do have a direct contact with this company, through our NED,
Geoff Carrick, who held the position of Director of Corporate Finance between 2016-2019, when Lou first used this financial conduit to
help us raise funds on at least 2/3 occasions from memory.
Correct me if I'm wrong here, but during the AGM Sean stated that we weren't looking at a Capital Raise, but the Board was always open
to potentially better opportunities if they presented themselves, my gut feeling is that this Capital Raise was already in the pipeline, as
Sean did state at the AGM he was off to met up with several Institutions in Sydney and Melbourne during his short visit to Australia, which
when I really think about it, these meetings had been discussed prior to his arrival, hence 2 months after the AGM we find ourselves in
this position, depending on your view point, for good or bad.
Have a positive day, it's great to be alive and breathing.....regards to all..........Tech
FACT: We have progressed in a number of areas within the company, it appears to me at least that we are still running a pretty tight ship,
and I'm only referring to staff management, not the leaky type ship !
The cost savings associated with the closing down of the Research Institute in Perth would involve between 10-15 employees, that's including the 3 guys formally on the SAB and then there's the building lease, which at the time Peter told me we got a great deal as the CBD in Perth had more
commercial vacancy signs than buildings, if that makes sense ?
Obviously the 2 new gentlemen joining the SAB will be on an agreed consultancy fee, but from my knowledge of prior members, it's not a
big sum annually.
Centralizing things at HQ in Laguna Hills around Tony Lewis and the hardware team does make sense, and keeping in mind that Peter is
only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion).
For the ones whom maybe wondering about Shaw and Partners Ltd, we do have a direct contact with this company, through our NED,
Geoff Carrick, who held the position of Director of Corporate Finance between 2016-2019, when Lou first used this financial conduit to
help us raise funds on at least 2/3 occasions from memory.
Correct me if I'm wrong here, but during the AGM Sean stated that we weren't looking at a Capital Raise, but the Board was always open
to potentially better opportunities if they presented themselves, my gut feeling is that this Capital Raise was already in the pipeline, as
Sean did state at the AGM he was off to met up with several Institutions in Sydney and Melbourne during his short visit to Australia, which
when I really think about it, these meetings had been discussed prior to his arrival, hence 2 months after the AGM we find ourselves in
this position, depending on your view point, for good or bad.
Have a positive day, it's great to be alive and breathing.....regards to all..........Tech
DingoBorat
Slim
"Peter is only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion)"Gidday all believers, stressed out or otherwise.
FACT: We have progressed in a number of areas within the company, it appears to me at least that we are still running a pretty tight ship,
and I'm only referring to staff management, not the leaky type ship !
The cost savings associated with the closing down of the Research Institute in Perth would involve between 10-15 employees, that's including the 3 guys formally on the SAB and then there's the building lease, which at the time Peter told me we got a great deal as the CBD in Perth had more
commercial vacancy signs than buildings, if that makes sense ?
Obviously the 2 new gentlemen joining the SAB will be on an agreed consultancy fee, but from my knowledge of prior members, it's not a
big sum annually.
Centralizing things at HQ in Laguna Hills around Tony Lewis and the hardware team does make sense, and keeping in mind that Peter is
only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion).
For the ones whom maybe wondering about Shaw and Partners Ltd, we do have a direct contact with this company, through our NED,
Geoff Carrick, who held the position of Director of Corporate Finance between 2016-2019, when Lou first used this financial conduit to
help us raise funds on at least 2/3 occasions from memory.
Correct me if I'm wrong here, but during the AGM Sean stated that we weren't looking at a Capital Raise, but the Board was always open
to potentially better opportunities if they presented themselves, my gut feeling is that this Capital Raise was already in the pipeline, as
Sean did state at the AGM he was off to met up with several Institutions in Sydney and Melbourne during his short visit to Australia, which
when I really think about it, these meetings had been discussed prior to his arrival, hence 2 months after the AGM we find ourselves in
this position, depending on your view point, for good or bad.
Have a positive day, it's great to be alive and breathing.....regards to all..........Tech
I don't think Peter is the type of person, that would ever "really" fully retire from his work, regardless of the fact, that AKIDA is his baby..
So I concur.
I think when Peter retired from fulltime to retired consultant it allowed Sean to make the odd move he would not have undertaken .Sort of freed him up a bit.Gidday all believers, stressed out or otherwise.
FACT: We have progressed in a number of areas within the company, it appears to me at least that we are still running a pretty tight ship,
and I'm only referring to staff management, not the leaky type ship !
The cost savings associated with the closing down of the Research Institute in Perth would involve between 10-15 employees, that's including the 3 guys formally on the SAB and then there's the building lease, which at the time Peter told me we got a great deal as the CBD in Perth had more
commercial vacancy signs than buildings, if that makes sense ?
Obviously the 2 new gentlemen joining the SAB will be on an agreed consultancy fee, but from my knowledge of prior members, it's not a
big sum annually.
Centralizing things at HQ in Laguna Hills around Tony Lewis and the hardware team does make sense, and keeping in mind that Peter is
only a zoom call away and is still active with his research from two locations I believe, despite being semi-retired (my opinion).
For the ones whom maybe wondering about Shaw and Partners Ltd, we do have a direct contact with this company, through our NED,
Geoff Carrick, who held the position of Director of Corporate Finance between 2016-2019, when Lou first used this financial conduit to
help us raise funds on at least 2/3 occasions from memory.
Correct me if I'm wrong here, but during the AGM Sean stated that we weren't looking at a Capital Raise, but the Board was always open
to potentially better opportunities if they presented themselves, my gut feeling is that this Capital Raise was already in the pipeline, as
Sean did state at the AGM he was off to met up with several Institutions in Sydney and Melbourne during his short visit to Australia, which
when I really think about it, these meetings had been discussed prior to his arrival, hence 2 months after the AGM we find ourselves in
this position, depending on your view point, for good or bad.
Have a positive day, it's great to be alive and breathing.....regards to all..........Tech
I am pleased part of the raise is for tech improvements. A good sign going forward. No doubt some as a result of customer Gen2 and TENNS feedback.
I get the impression BRN are not sweating on the SPP retail take up.
I am not the least bit nervous about my holding and still accumulating.
Plenty of engagements/NDA's.
Tata Elxsi said they will be driving AKIDA into Health and Industrial. Will is a firm future word. As all engagements this will take time.
My personal view is the Tata " will" is somewhat a risk mitigator describing an intention.
Then there is Mercedes which have declared their position.
From the AGM - Engagements are getting close to decision time. One big deal will see us profitable overnight.
I think we are getting closer to a deal or 2 or 3. However it may take more time from the deal
'
DingoBorat
Slim
Hey @Esq, when do you think we'll see an appearance from your parrots again?..
Are they dead, or just pining for the fjords?..
Are they dead, or just pining for the fjords?..
Hi @DingoBorat ,
Several months ago, we were discussing Sony's 3D chip arrangement, possibly in relation to Prophesee, and I suggested that this would be a suitable tech for Akida because Akida would reduce the overall power consumption by removing the heavy lifting from the CPU so there would be less heat to dissipate.
Unfortunately, I don't think Sony were paying attention ...
Afternoon DingoBorat ,
Potentialy when one of our BOD bugger off along with the CFO.
Between this pair alone just under $1mil Usd disappeared out the door last financial year.
That's before we add in this last cap raise , between friends / shorters , time to start cutting out the rot within.
As for the rest of them ???? Who would know....thay may eventually pull a Hehir out their ass..
Also , apparently it's the height of rutting season in Southern Panama , so the parrots may be engaged elsewhere for a little while.
Regards,
Esq.
Potentialy when one of our BOD bugger off along with the CFO.
Between this pair alone just under $1mil Usd disappeared out the door last financial year.
That's before we add in this last cap raise , between friends / shorters , time to start cutting out the rot within.
As for the rest of them ???? Who would know....thay may eventually pull a Hehir out their ass..
Also , apparently it's the height of rutting season in Southern Panama , so the parrots may be engaged elsewhere for a little while.
Regards,
Esq.
Dallas
Regular
DingoBorat
Slim
Those kind of birds, are always going to make sure their nests are well feathered, regardless of who's actually in those positions.
Not sure exactly which member of the BOD you are talking about, may be the "balance" but I know Ken Scarince, is fiercely loyal to the Company (just from my one interaction with him) as I suspect most of them are a tightly knit group.
As for the relationships with capital raisers (and their possible/likey relationships with shorters).
They, are much better, than the relationships, with the majority of share holders.
These business relationships keep the Company going, while it gets on its feet, whereas the majority of shareholders, are like the nagging housewives, that never put out anyway..
(the vast majority, having bought on market, which doesn't directly support the Company, though it does support the share price, to raise funds).
For those with blinkers on, they are calling the market action today a bloodbath.
ASX plunges to its worst day since 2020 as US recession fears rattle investors
Investors wiped about $90 billion off the ASX 200 on Monday, as fears of a recession in the US spooked investors.
"Fears of recession in the world’s largest economy have rattled investors, who wiped more than $80 billion off the local sharemarket, sparking the worst two-day sell-off since the COVID-19 pandemic four years ago"
They are not going to allow a recession in the US, or anywhere else, anymore than they did, with Covid.
It's either complete collapse of the system, or stimulate.
In which case inflation will be rationalised/hidden (at least officially).
Pom down under
Top 20
Those kind of birds, are always going to make sure their nests are well feathered, regardless of who's actually in those positions.
Not sure exactly which member of the BOD you are talking about, may be the "balance" but I know Ken Scarince, is fiercely loyal to the Company (just from my one interaction with him) as I suspect most of them are a tightly knit group.
As for the relationships with capital raisers (and their possible/likey relationships with shorters).
They, are much better, than the relationships, with the majority of share holders.
These business relationships keep the Company going, while it gets on its feet, whereas the majority of shareholders, are like the nagging housewives, that never put out anyway..
(the vast majority, having bought on market, which doesn't directly support the Company, though it does support the share price, to raise funds).
For those with blinkers on, they are calling the market action today a bloodbath.
ASX plunges to its worst day since 2020 as US recession fears rattle investors
Investors wiped about $90 billion off the ASX 200 on Monday, as fears of a recession in the US spooked investors.www.brisbanetimes.com.au
"Fears of recession in the world’s largest economy have rattled investors, who wiped more than $80 billion off the local sharemarket, sparking the worst two-day sell-off since the COVID-19 pandemic four years ago"
They are not going to allow a recession in the US, or anywhere else, anymore than they did, with Covid.
It's either complete collapse of the system, or stimulate.
In which case inflation will be rationalised/hidden (at least officially
People don’t know what a bloodbath is unless your invested in BrainChip
DingoBorat
Slim
Arrrr relax..
Some say it's good for the skin..
Pom down under
Top 20
DingoBorat
Slim
Hey, I'm probably deeper in the hole, as a percentage of my net worth invested here, than you are
And I'm still looking to buy more..
These prices are transient, in my opinion.
There's likely to be a "Revelation" on World markets, that all is not as "bad" as it seemed, within the next day or two..
Pom down under
Top 20
This is my net worth and it keeps on going down lolHey, I'm probably deeper in the hole, as a percentage of my net worth invested here, than you are
And I'm still looking to buy more..
These prices are transient, in my opinion.
There's likely to be a "Revelation" on World markets, that all is not as "bad" as it seemed, within the next day or two..
Tothemoon24
Top 20
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DingoBorat
Slim
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