BRN Discussion Ongoing

[rgupta]

I've been doing some thinking and calculating, have re-read the redomiciling announcement and I'm now personally 100% behind the US listing.

The consolidation of shares, no longer bothers me, with the caveat, that the "scheme of arrangement" does not contain any significant dilution of my current holdings, from the outset.


The US is moving forward, whereas most of the rest of the World, that counts, is likely going to remain in the quagmire of poor governance and self-degenerating policies.

That by itself, makes it attractive and the fact that America First is their mandate, being a part of the largest economy in the World, which is now in the process of being strengthened, is really our only choice.

I do think we will see the beginnings of some significant progress here, before the year is out, that will satisfy shareholders, but regardless, I no longer think the move is premature.

Although my experiences with companies consolidating shares has never been good, I believe BrainChip will be the outlier.

I have the confidence now, to again strongly encourage/try to get my Brother, to average down his holdings (something that I just had too much uncertainty about, just a few days ago).

If you remember US listing was the aim for everyone, but listing at US exchange at such a low game will only hinder our investments. We have one of the biggest retail holders percentage and most of them are afraid to move to US in such a low game. Management have to prove they are delivering, the stock is in green, news is positive and then everyone of us will go with management decision. But right now it is looking hotch potch and that is why mood is very sad and sp last lost 33% with in 3 sessions and is not trying to recover at all.
To me our management does not understand the holders even for 1%. There is less than 5% direct institutional equity in brainchip. But most of the shorts are institutional investors which is putting retail holders against institutional investors and management have no clue how to deal with such a situation. Without a positive trajectory I don't know how this deal is getting materialized.

 

[DingoBorat]

If you remember US listing was the aim for everyone, but listing at US exchange at such a low game will only hinder our investments. We have one of the biggest retail holders percentage and most of them are afraid to move to US in such a low game. Management have to prove they are delivering, the stock is in green, news is positive and then everyone of us will go with management decision. But right now it is looking hotch potch and that is why mood is very sad and sp last lost 33% with in 3 sessions and is not trying to recover at all.
To me our management does not understand the holders even for 1%. There is less than 5% direct institutional equity in brainchip. But most of the shorts are institutional investors which is putting retail holders against institutional investors and management have no clue how to deal with such a situation. Without a positive trajectory I don't know how this deal is getting materialized.

Our game is improving Rgupta, albeit slowly..

I know what the plan "was" but we need to change tack and adjust to the rapidly changing World conditions.
We don't have the luxury, to wait until the "ideal" conditions, as it will now put us at a greater disadvantage commercially.

I do believe we will have had more traction, by the end of the year though and will hit the ground running, in the US.

Right now the share price doesn't concern or bother me, other than it's not good for the LDA Capital call.

Like I said, as long as the scheme of arrangement is favourable, I'm happy and we will have to wait and see, what they propose.

 

[Tothemoon24]

If you remember US listing was the aim for everyone, but listing at US exchange at such a low game will only hinder our investments. We have one of the biggest retail holders percentage and most of them are afraid to move to US in such a low game. Management have to prove they are delivering, the stock is in green, news is positive and then everyone of us will go with management decision. But right now it is looking hotch potch and that is why mood is very sad and sp last lost 33% with in 3 sessions and is not trying to recover at all.
To me our management does not understand the holders even for 1%. There is less than 5% direct institutional equity in brainchip. But most of the shorts are institutional investors which is putting retail holders against institutional investors and management have no clue how to deal with such a situation. Without a positive trajectory I don't know how this deal is getting materialized.

Totally agree . Absolutely laughable that the company would think a positive vote would be had at the current state of affairs.

 

[MegaportX]

Lockheed Martin No Longer Running for the U.S. Navy’s F/A-XX Program

Lockheed Martin reportedly submitted its proposal for the U.S. Navy’s sixth generation F/A-XX fighter but didn’t satisfy the requirements, leaving Boeing

theaviationist.com

 

[Gazzafish]

Hi @Gazzafish,

We give LDA the shares to sell on our behalf and they get 8.5% commission for doing so.

In a "normal" CR like our last one, a broker arranges to sell our shares at a set price that is usually at a big discount to the SP.

With LDA, they sell on market, so no discount and with the potential to ride an increasing SP over the next 2 months. For this to work in our favour, we need weeks of positive news flow.

Thanks FJ.

 

[FJ-215]

Our game is improving Rgupta, albeit slowly..

I know what the plan "was" but we need to change tack and adjust to the rapidly changing World conditions.
We don't have the luxury, to wait until the "ideal" conditions, as it will now put us at a greater disadvantage commercially.

I do believe we will have had more traction, by the end of the year though and will hit the ground running, in the US.

Right now the share price doesn't concern or bother me, other than it's not good for the LDA Capital call.

Like I said, as long as the scheme of arrangement is favourable, I'm happy and we will have to wait and see, what they propose.

Morning DB,

I'm still on the fence re the move to the US. We know there are pros but there are cons we haven't considered or don't know about.

>A new listing would almost certainly be accompanied with a dilutive raise. That is the whole point of the move, getting a new pool of investors to fund the company.

> Exchange rates are a double edged sword.

> Trump now theatening to kill the $52B Chips Act.

> The shorting jackals of the US. At least Hindenberg Research just shut up shop. They make Motley Fool look like cheer leaders.

Too early for me to back the move but I have always been on the cautious side.

 

[manny100]

What if they decide not to adopt?

What happened to all these companies behind NDAs loving our products? What happened to the Korean company who has done more extensive tests than us (if I recall correctly someone from the brainchip has said it but I cant remember, dont quote me)? Wth happened to MegaChips or Renesas? How about Ford? Volkswagen? Valeo?

How about those who gave us extensive feedbacks which we apparently accepted when we were developing Akida? 1500? 2000? Would we maybe finally land a proper deal perhaps when we develop Akido9999999? Where is the explosive sales? Financials? IP deals?
How come we are still not seeing (in terms of revenue or IP deala) after joining many eco systems?

So many questions...

That is why BRN is priced at 21 cents. The ifs.
It's still a punt until a big deal is finalised.
It's either wait if you are not sure or add if you think AI at the Edge will be big and BRN will be a leader.
It's been a game of patience.

 

[Pom down under]

Today

 

[DingoBorat]

Morning DB,

I'm still on the fence re the move to the US. We know there are pros but there are cons we haven't considered or don't know about.

>A new listing would almost certainly be accompanied with a dilutive raise. That is the whole point of the move, getting a new pool of investors to fund the company.

> Exchange rates are a double edged sword.

> Trump now theatening to kill the $52B Chips Act.

> The shorting jackals of the US. At least Hindenberg Research just shut up shop. They make Motley Fool look like cheer leaders.

Too early for me to back the move but I have always been on the cautious side.

>A new listing would almost certainly be accompanied with a dilutive raise. That is the whole point of the move, getting a new pool of investors to fund the company.

I do not want and will not agree to a large dilutive raise upon entering.


> Exchange rates are a double edged sword.

This cannot be helped, in any situation as long as it is not combined with any substantial dilution, as above.


> Trump now theatening to kill the $52B Chips Act.

The amount of investment he is bringing into the US, makes this superfluous, in my opinion.


> The shorting jackals of the US. At least Hindenberg Research just shut up shop. They make Motley Fool look like cheer leaders.

Shorters there, as here, will help propel our valuation, in the right conditions.
Obviously, yes, we need to hit the ground running and I believe we will.


Got to have a bit of "Faith" in the Company there.

There are things known and things unknown and inbetween, are the Doors.



Something in there, to change every guys mood

 

[Frangipani]

Come to the DoubleTree in San Jose, CA on April 29th to see Chief Marketing Officer from BrainChip , Steve Brightfield, give a speech at our 2025 RISC-V Con on Small Language Models for the Edge with… | Andes Technology

Come to the DoubleTree in San Jose, CA on April 29th to see Chief Marketing Officer from BrainChip , Steve Brightfield, give a speech at our 2025 RISC-V Con on Small Language Models for the Edge with RISC-V! Register here: https://lnkd.in/eQGCAKxv...

www.linkedin.com

 

[Pom down under]

So with the decision to join the nasdaq made some time ago, I’m guessing the application was probably started a while back as well with the BOD probably thinking wr would be in a much better position than we currently are, so if this is the case and they have just gone ahead with the application, I think it a really bad decision by the company to throw us share holders to the wolves especially if we don’t get anything positive beforehand.

 

[FJ-215]

>A new listing would almost certainly be accompanied with a dilutive raise. That is the whole point of the move, getting a new pool of investors to fund the company.

I do not want and will not agree to a large dilutive raise upon entering.


> Exchange rates are a double edged sword.

This cannot be helped, in any situation as long as it is not combined with any substantial dilution, as above.


> Trump now theatening to kill the $52B Chips Act.

The amount of investment he is bringing into the US, makes this superfluous, in my opinion.


> The shorting jackals of the US. At least Hindenberg Research just shut up shop. They make Motley Fool look like cheer leaders.

Shorters there, as here, will help propel our valuation, in the right conditions.
Obviously, yes, we need to hit the ground running and I believe we will.


Got to have a bit of "Faith" in the Company there.

There are things known and things unknown and inbetween, are the Doors.



Something in there, to change every guys mood

Some news flow would help everyones mood

To steal your chess analogy, this LDA call is starting to look like a pawn sacrifice.

Anyway, I'm off to play golf so my mood is certainly going to be tested.

 

[Yoda]

What if they decide not to adopt?

What happened to all these companies behind NDAs loving our products? What happened to the Korean company who has done more extensive tests than us (if I recall correctly someone from the brainchip has said it but I cant remember, dont quote me)? Wth happened to MegaChips or Renesas? How about Ford? Volkswagen? Valeo?

How about those who gave us extensive feedbacks which we apparently accepted when we were developing Akida? 1500? 2000? Would we maybe finally land a proper deal perhaps when we develop Akido9999999? Where is the explosive sales? Financials? IP deals?
How come we are still not seeing (in terms of revenue or IP deala) after joining many eco systems?

So many questions...

These are fair questions that I believe should be put to management at the next AGM.

 

[genyl]

What if they decide not to adopt?

What happened to all these companies behind NDAs loving our products? What happened to the Korean company who has done more extensive tests than us (if I recall correctly someone from the brainchip has said it but I cant remember, dont quote me)? Wth happened to MegaChips or Renesas? How about Ford? Volkswagen? Valeo?

How about those who gave us extensive feedbacks which we apparently accepted when we were developing Akida? 1500? 2000? Would we maybe finally land a proper deal perhaps when we develop Akido9999999? Where is the explosive sales? Financials? IP deals?
How come we are still not seeing (in terms of revenue or IP deala) after joining many eco systems?

So many questions...

Absolutely agree. Very concerning to say the least. Tons of partners, tons of conferences to demonstrate, but only a couple baby contracts. Starting to lose hope quiet heavily. Been invested since 2020 and for me this has to be the year. Can't imagine my investment healthy in 2026 without dilution. Crush them at the AGM please

 

[Bravo]

"The $64 million question is: What happened to the tape-out of Akida 2?

Who was the customer upon whose toes we dared not tread?

Did management ask them to provide some sort of guarantee that they would proceed, so as to avoid being left behind the eight ball should they decide not to?

 

[Pom down under]

More selling by Sean, guess his selling just at the right time before LDA do

 

[TheDrooben]

More selling by Sean, guess his selling just at the right time before LDA do

View attachment 78699

Tax reasons if you read the ann

 

[Pom down under]

Tax reasons if you read the ann

Always tax reason, so I guess his confidence in the company is getting stronger

 

[buena suerte :-)]

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.

Hi Meatloaf.
My twopennysworth.

Appreciate the sentiment but really don't think that being listed in Australia has allowed us much of a say in the company's future so far.

Yes, once or twice a year we get a meet and greet and an opportunity for a quick fang flash and a hearty handshake, which wouldn't be afforded us without the ASX listing, but frankly, so far, it hasn't really eventuated into much beyond that, and is reflected in our dismal share price.
Yes, it affords us, because it is mandated, a couple of seats on the board, but with no disrespect intended, I don't see that has brought us much value either and consider them as pretty much place holders and figure heads.

I know the company is making headway with expanding eco systems and we have received some solid endorsements from quite a few heavy hitter's but the fact remains that the company is in effect a black hole hoovering up considerable dollars in order to continue existing and producing very little of tangible benefit in return, apart from those drawing a pay check.

Granted, this is just how it is for pre revenue start ups in the tech world, particularly when they are introducing something radical and paradigm shifting.

But, the bottom line gets reached, sooner or later, for both we as individuals and ultimately for the company, as an entity itself.

Whilst Peter VDM was still actively involved dreaming up the tech and steering the bus from Western Australia it was understandable and an historic fact that we were listed on the ASX, but those days are well and truly past tense.
All that's left here now, apart from our large retail share holder base are the dried remnants of the previous institute and some relatively weak educational and minor industrial applications which, whilst welcome, are unlikely to make us a viable concern.

If the Board decides we are better served by redomiciing to the US I think it prudent for us to back them.
For all our intelligence, dot joining and assumptions, none of us are privy to what they know and are aware of regarding both BrainChip's opportunitys and obstacles.

Beyond the access to a larger overall market I think it likely being based in America will give us more credibility and credence, particularly among American investors and American players and companies which are likely to be our way forward.
Australia is a very minor player in the worlds affairs and whilst we may punch above our weight and all that, from a global standpoint, both economically and industrially, the ASX is a pygmy.

I think we all assumed this move would occur sooner or later and would prefer it under more favourable conditions, but again will state the obvious.

If we indeed managed to stamp our little foot and vote down this stated major objective of the Board, where exactly would that leave us?
I fear with a perhaps rudderless, certainly demoralised leadership group, handicapped by their own share holders.
Not a good position from which to move forward.

Great points made guys..... It is a tough one to nut-out and decipher what the outcome will be for sure.

We will always have contentious issues on both sides YES or NO! especially with a move to the US being a HUGE change to BRN and us Shareholders moving forward! (Super funds being a serious issue that will need to be addressed!!)

IMO... I think the US is where the $$$$$$$$$$$$ will be and exponential growth can be realised.

My thoughts are that THE BOD know what is coming in 2025++ and this is the reason that they feel confident putting this announcement out there??

Been here for pretty much on the nose of 10 years now!!! Still patiently waiting!!!!!!!

Big news hopefully SOON!!


Good luck all

 

[Frangipani]

Arm mentions neuromorphic in the vid

Arm on LinkedIn: #mwc25

In just 1 year, the AI-RAN Alliance has grown to 75 members across 17 countries. 🌎 This collaborative initiative is driving the integration of AI into…

www.linkedin.com

View attachment 78641

Ericsson has some neuromorphic usage mentioned in his patens, right? (wording: "like Intel Loihi2, Aikda...")

Ericsson Research developed a radio receiver prototype for Intel’s Loihi 2 neuromorphic AI accelerator based on neuromorphic spiking neural networks, which reduced the data communication by 75 to 99% for energy efficient radio access networks (RANs).
Source: https://community.intel.com/t5/Blog...s-How-Intel-Labs-Neuromorphic-AI/post/1588697

So, actually I guess no Akida...

Have also a view here: https://ai-ran.org/mwc-2025/


View attachment 78646

The neuromorphic receivers referred to in the video posted by Arm on the occasion of Mobile World Congress Barcelona 2025 were actually developed by VIAVI Marconi Labs in Stevenage, UK (https://blog.viavisolutions.com/202...-powered-by-127-years-of-wireless-innovation/):

🌟 VIAVI 6G Testbed, Raytracing Digital Twin Testbed, and AI Testing AI Solutions from VIAVI Marconi Labs in MWC25! | Stephen Wang

🌟 VIAVI 6G Testbed, Raytracing Digital Twin Testbed, and AI Testing AI Solutions from VIAVI Marconi Labs in MWC25! 🌟 Time: 3-6 March, Location: VIAVI Hall 5 Stand 5A18 📚 Booking an on-site meeting with us https://lnkd.in/eJ9HhYrX 🎥 VIAVI 6G Forward Demo Video: https://lnkd.in/e94kF9DS 📚...

www.linkedin.com

Evolution of 6G Communications - VIAVI Perspectives

VIAVI enables the development, advancement and implementation of 6G. Its 6G Forward program helps to take 6G from research to reality.

blog.viavisolutions.com

And by the way, it wasn’t Ericsson that mentioned us alongside Loihi in any of their patents. Accenture and Tata Consultancy Services did.