BRN Discussion Ongoing

[DingoBorat]

how did the BOD think this was a good idea !

sentiment was already pretty low before the announcement

now its even worse ...

wouldn't it have made more sense to get Tony to reach out to a select few shareholders to get their feedback ... nuts

Did the board think??..

"They often go on about listing on the NASDAQ, they will absolutely LOVE this!!"

@rgupta, the short position is not near an all Time high, but about half, from what I can see..
Although it has gone up sharply, since from around the Anil announcement (which didn't apparently "need" to be made at all).

I remember a time, when BrainChip was actively against shorters (with the US ADRs I think, made to be unable to be used as a shorting tool).

Recently, over the last 3 years, there have been 2, maybe 3 occasions, where the shorters "should" have been in Big trouble, but were instead thrown successful "Hail Mary's"..

They are slimy characters though and by their own devices, are able to worm their way out of tricky situations, but it does raise the questions, that Rgupta poses.

For those that think, that listing on the NASDAQ, is the panacea, to all our problems, they should look to how Blaize (which has the same targeted markets) has performed since listing.

Yes, we are not Blaize.

Can't believe you @Hopalong are concerned about "leadership" being demoralised, if they don't get their way..

Two more days now, for anything substantial to come out, before the Kraken of LDA is released and actually "helps" the shorters come good on their bets.

Not really liking how things are going here, but there's always tomorrow.

 

[Meatloaf]

Hey Meatloaf.
Yes, I get it, many peoples patience is wearing thin.
Mine too.
I also have many, many tens of thousands of dollars tied up here that I can ill afford to lose, and I too am getting sick and tired of mere rhetoric.

But what I am cautioning against is reactivity, for its own sake.
We all wish the Company had been proven more successful, commercially, sooner than it has.
I'm sure both the management and board of directors feel the same.

But I also don't want the situation to get worse still.
The modicum of satisfaction that will be derived by individuals in giving the board a kick and voting down their considered recommendation will, in my view, be massively outweighed by the damage done.
It could just sink the company or put it in limbo, and we might just wind up with a share holding, in nothing much at all.

I too, also hope that they can provide some conviction before a vote is required with some positive proof of success such as a large, recurring, revenue bearing engagement, with a notable and influential partner/customer.
Something that puts a little meat on our share price's bones, a fattening up so to speak, before we are sent off to market.

For quite some time now, and at present, our share price has been the plaything of shorter's and other manipulators, a large part of whose playbook involves destroying share holder's faith in the targeted companies management.
Any 5 minutes browsing the crapper will show you that.
After years chipping away at us I fear they are winning, and you know that won't be good for holder's like you and me, if they get they're way.

I hear what you’re saying and I too have been trying to keep positive so that the negativity doesn’t impact us further. I get it. But I’ve had enough. I’m down 46%, that’s almost half my investment.
We get announcements and I’m hoping that it’s gonna be the one we’ve been waiting for and it’s just another quotation, cessation, cleansing notice, capital raise. FFS
I need management to convince me that my investment is secure and so far they’re making me feel more insecure.

If they cop a hiding at the AGM they deserve it. Brn have a great product but this current management are not capable of sealing deals. If that’s the case then they should look at selling the company, surely the patents are worth $5 a share.

What happens if another twelve months goes by and we are still in the same boat?

Anyway, I appreciate you trying to give me positives but today I needed to let off some steam.

 

[Meatloaf]

Also, another reason why we need to move to US asap, because we will lose the stigma of a foreign competitor...

Not all companies have to move to the US to make revenue to cover their costs. Moving to the US is not saving Brn, if that’s why they have to move then we are already doomed.

 

[DingoBorat]

YEAHH THAT’S RIGHT!!!! NO MORE WOOORDS!! WHAT DID THEY DO FOR US EXCEPT OF BUILDING STREETS???

View attachment 78680

They have not been the "Romans" to us, as of yet

 

[Luppo71]

I’m certain you will turn into a liquid ‘Yes’ when you realize folks like me who own over 500K BRCHF cannot vote a single share at AGMs because I’m not an ASX holder…and millions like me don’t care to buy an ASX listed equity.

We NEED better exposure to US investor base. The Australian investor base has been exhausted…pooped…jaded!

Moving to a US exchange is GOOD BUSINESS + way better value for stock holders…and, sure, a little inconvenience to ASX holders.

Chin up!

#Nasdaqbound

To be honest mate i care less about your 500k shares and more about the the billion or so shares held by Australians in Australia and
all the shares that will be sold at a very large loss in peoples superannuation if we go because they cnnot trade in the US.
So it will be a definate no from me unless big news before hand.

 

[Meatloaf]

I’m certain you will turn into a liquid ‘Yes’ when you realize folks like me who own over 500K BRCHF cannot vote a single share at AGMs because I’m not an ASX holder…and millions like me don’t care to buy an ASX listed equity.

We NEED better exposure to US investor base. The Australian investor base has been exhausted…pooped…jaded!

Moving to a US exchange is GOOD BUSINESS + way better value for stock holders…and, sure, a little inconvenience to ASX holders.

Chin up!

#Nasdaqbound

You can’t guarantee that, no one can.

 

[DingoBorat]

I’m still clinging to my “glass half full” scenario. WHAT IF since Jan 1 BRN has received significant royalties from Renases and Megachips. The BoD know this even if we don’t see it yet. Based on this significant revenue they know that the share price will jump up a LOT when it’s revealed in the quarterly report which will be out before the AGM so it will soften the blow. It’s also the reason they sold 40m shares cheap to LDA at 50 cents a share. LDA won’t sell at a loss, they will want profit. The BOD looking at the revenue have thought “wow, we are seriously going to outgrow the ASX so let’s start thinking about moving to USA. No consolidation of shares needed as the share price is predicted to already be high enough…….. well that’s my dream anyway. DYOR.

They didn't sell the 40 million shares to LDA at 50 cents a share.
The Company (us) has an obligation through LDA, to raise a minimum of 20 million AUD before June or July "next" year (the number of shares required to do that, doesn't come into it).

LDA are given this 40 million shares to sell on market and whatever "they" make, they have to pay us the 91.5% or whatever it is (and that then comes off the 20 million AUD obligation).

At least that's "my" basic understanding of how it works.

If they knew there was going to be a great quarterly, they would have timed the LDA deal to happen "then".

 

[Fullmoonfever]

I see our mates at Quantum Ventura picked up another cyber SBIR late last year.

Wonder if we will be featured in part of the solution?

Cyber Threat Hunter​

Amount: $149,850 Topic: MDA241-003

This Phase I effort investigates Artificial Intelligence (AI) and Machine Learning (ML) solutions to enhance MDA Defense Industrial Base (DIB) Cyber Risk Management (DCRM) Operations. AI/ML solutions detect and help defeat evolving and expanding cyber risks and threats.

This has advantages over traditional rule based systems and role based access control. Current solutions are brittle in the face of emerging threats. AI/ML systems, on the other hand, are able to learn patterns in new threats. In Phase I, Quantum Ventura will adapt existing Technology Readiness Level (TRL) 4+ ideas for AI/ML solutions to detect and recognize cyber threats. AI/ML systems include clustering algorithms, deep learning and transformer-based models.

Work will investigate applying these technologies to detect and thwart cyber threats in MDA DIB. If successful in Phase II, the technology can be optimized and demonstrated outside of a proof of concept. Approved for Public Release | 24-MDA-11906 (16 Sep 24)

Tagged as:
SBIR
Phase I
2024
DOD
MDA

 

[Meatloaf]

I see our mates at Quantum Ventura picked up another cyber SBIR late last year.

Wonder if we will be featured in part of the solution?

Cyber Threat Hunter​

Amount: $149,850 Topic: MDA241-003

This Phase I effort investigates Artificial Intelligence (AI) and Machine Learning (ML) solutions to enhance MDA Defense Industrial Base (DIB) Cyber Risk Management (DCRM) Operations. AI/ML solutions detect and help defeat evolving and expanding cyber risks and threats.

This has advantages over traditional rule based systems and role based access control. Current solutions are brittle in the face of emerging threats. AI/ML systems, on the other hand, are able to learn patterns in new threats. In Phase I, Quantum Ventura will adapt existing Technology Readiness Level (TRL) 4+ ideas for AI/ML solutions to detect and recognize cyber threats. AI/ML systems include clustering algorithms, deep learning and transformer-based models.

Work will investigate applying these technologies to detect and thwart cyber threats in MDA DIB. If successful in Phase II, the technology can be optimized and demonstrated outside of a proof of concept. Approved for Public Release | 24-MDA-11906 (16 Sep 24)

Tagged as:
SBIR
Phase I
2024
DOD
MDA

Why is it that we cannot sell Skida to data centres. Years ago it was stated that we could reduce power by 90%. Surely any data base would be willing to reduce their power costs.

 

[Gazzafish]

They didn't sell the 40 million shares to LDA at 50 cents a share.
The Company (us) has an obligation through LDA, to raise 20 million AUD before June or July "next" year (the number of shares required to do that, doesn't come into it).

LDA are given this 40 million shares to sell on market and whatever "they" make, they have to pay us the 91.5% or whatever it is (and that then comes off the 20 million AUD obligation).

At least that's "my" basic understanding of how it works.

If they knew there was going to be a great quarterly, they would have timed the LDA deal to happen "then".

Wow. Thanks dingo but now I’m super confused

 

[Meatloaf]

Why is it that we cannot sell Skida to data centres. Years ago it was stated that we could reduce power by 90%. Surely any data base would be willing to reduce their power costs.

Ment to say Akida. My fat fingers.

Why is it that we cannot sell Skida to data centres. Years ago it was stated that we could reduce power by 90%. Surely any data base would be willing to reduce their power costs.

Akida

 

[CHIPS]

Hey chippers, why don't we wait until the end of the year and see what will happen?
We can exchange a lot of opinions to release our fear, but nobody here knows the reasons for such a step.

We know for sure that neither the Board nor Sean sold their stocks, so it can't be that bad. (Let's ignore Anil in this case as he still has a major number of stocks left.)

I expect some big news soon.

 

[Galaxycar]

Could we nominate Ronald McDonald up as a director for Brainchip, could’nt do any worse than the goat show we have now. How can you say with any honesty that Sean or any other board member has,nt sold shares lately, They could pull the old forgot to notify trick like Anil or it was covered by a NDA. Fuck I hate these pricks

 

[schuey]

One thing for sure whenever shorts become active brainchip have a news or two to support them. Like last time when they started their act , Antonio told us sp will do what it has to do. Then we are out of asx 200 and pressure build on holders, shorters close some positions, then again company make a credit raise and more than 2% shorts closed their position in a day. But Sean was telling us new institutions investors will be on board after this CR.
Now they increased their activity since last month and we got that unnecessary news of Anil no more a substantial holder even the same news was given in 2023, there was a lot of pressure on sp and then come out annual report, no one was expecting more than what they told us but accompany that with another on market sell off of 40 million shares and a plan to redomicile to US without any plans, how it will be materialized.
So all these circumstances I can only hope team brainchip is on our side and not the other way around.
Hope sustains life, but think rationally why they cannot find anyone better than LDA all the times?, do we need the same CFO without getting through any better financial deals? Matter of fact we are paying our CFO more than a million dollars in salary with a revenue of less than .4 million, with a work force of less than 70 persons and all the times making mistakes on asx announcements.
I think without a result we may need to change the whole team brainchip.
Dyor

Someone is feeding them info......

 

[manny100]

Hi Xray, I don’t think that the decision would have already been made by the Top 20. Tech posted recently that the “retail shareholder base currently holds 58.633% verses the Top 20 with 41.367%.”

I believe the BOD will need somewhere between 50%-75% of shareholders to vote “yes” for successful approval, in which case they will be relying on a great deal of us to get behind it.

I guess we have to ask ourselves why the BOD would even bother putting such a risky proposal forward, if the SP is still in the doldrums and if no other licences, cornerstone investors or other such positive news emerges beforehand, because as I’ve said before, that would have to be the most recklessly stupid idea I’ve ever heard of.

I hope that we receive some positive news of a material nature beforehand. If however, the BOD are simply planning on revealing a “detailed roadmap” (refer to Annual Report) of commercialisation goals, to try and sway us to approve, and if there is nothing genuinely material other than just a roadmap, then I will be seriously unimpressed, and that would be a massive understatement.

I expect to see at least 1 positive client development before the AGM and or the US listing meeting if it proceeds. Sean has also flagged some Tech news on GEN 2 and TENNs hopefully before the AGM or US listing meeting.
I cannot see BRN holding a meeting to delist and relist in the US without another positive or 2.

 

[BrainShit]

Not real chuffed about Blaize and KAIST getting together..
KAIST, making some big "claims" about neuromorphic chips, last year..

KAIST researchers develop world's first 'neuromorphic' AI chip

A research team at KAIST has developed the world’s first AI semiconductor capable of processing a large language model (LLM) with ultra-low power consumption, the Science Ministry said Wednesday.

koreajoongangdaily.joins.com

Blaize, just listed on the NASDAQ in January this year and also have no real revenue.

"Blaize Holdings had revenue of $781.00K in the quarter ending September 30, 2024, a decrease of -47.27%. This brings the company's revenue in the last twelve months to $1.97M"

They had a high of $19.25 (not shown on chart) not long after listing and have had a low of $2.80.

View attachment 78654

Blaize, Inc. and BurTech Acquisition Corp. announce closing of business combination - Blaize

Press Release from Blaize: Blaize, Inc. and BurTech Acquisition Corp. announce closing of business combination

www.blaize.com

They claim to have a pipeline of over 400 million dollars in prospective sales.

"The Business Combination marks a major milestone for Blaize as it continues building its transformative new compute solution that unites silicon and software to optimize AI from the edge to the core. Blaize has strong traction with over $400 million in a qualified pipeline of prospective customers it expects to engage in 2025 and a global footprint with Tier 1 supply chain relationships.

Food for thought, on how we "could" be received coming on to the NASDAQ, with no real traction happening, if things are still not moving, due to ASX "throttling"..

You may be right about the SP after the NASDAQ greeting.... but I don't really want to sell the shares immediately afterwards.

Without good earnings prospects, every company will go down the drain... hoping BrainChip will got some big news before switching to NASDAQ.

 

[schuey]

Nine weeks remain until the AGM, and the announcement about relocating to the U.S. stock exchange appears to be a calculated attempt to divert shareholders’ attention from the core issue.

The crux of the matter lies in Sean’s five-year plan failing to deliver the anticipated results after more than three years into the plan.

They assert that the relocation will take nine to twelve months, conveniently providing management with another AGM and another year to evade delivering substantial revenue or new IP sales.

Brainchip’s decision to execute LDA following such disheartening announcements further highlights the poor management of our company.

Seans failing, sure the company is moving along as we were told it would but Sean Heir is failing as the leader, he dosent give 2 hoots about investors especially aussies. Thats my rant over losing faith and its killing me....

 

[The Pope]

Just to break up some of the MAFS type behaviour on this forum.

Anil Mankar and Steven brightfield like this

Atmosic Technologies Secures $40M Funding Led by Sutter Hill Ventures | Ali Foughi | 38 comments

Atmosic Technologies Secures $40M Funding Led by Sutter Hill Ventures | 38 comments on LinkedIn

www.linkedin.com

 

[rgupta]

Someone is feeding them info......

No need to feed them information but your actions can tell everything.
But there is no denial on someone is a mole as well.
To LDA is the biggest manipulator of brainchip shares but our love relationship with LDA is never ending. We parted with LDA after last credit raise but again get struck with them and this time even a 20 million drawdown down before June 25 even when we had not used any money from last credit raise.
Dyor

 

[TECH]

The fact that Anil sold 10 million shares (allegedly) on New Years Eve, his official last day as our Chief Engineer of Chip Design/ Co-Founder of Brainchip, then another 5 million in early February (from memory).

Honesty, who cares.. good on Anil I say, he deserves to take some money off the table, without him and Peter and all their years and years of long hours and dedication to their respective crafts, well, Brainchip simply wouldn't be !!

His position remains in the Top 6 holders of Brainchip stock with over 70 million shares approximately, he's still passionate about Brainchip and always available to help in anyway, just like Peter, so the scare tactics that some people are trying to elevate are absolutely baseless.

If anymore top staff move on over the course of the next 12 months, well, we would have to seriously consider that we have a major issue within the management and direction of our company...I'll be quietly monitoring the situation as the months unfold.

Quietly observing and patiently waiting on big news to drop.

Tech.