BRN Discussion Ongoing

[Fenris78]

It will vary from fund to fund.
Suggest you contact yours and after explaining the situation see if it is an issuer you.

In my case the shares I have in my retail super fund are held in my name and I am what's called the beneficiary, but I don't actually own them.
Whilst I can arrange to buy more (within a percentage limit of my overall holding in the fund) or sell, I have to do it through their platform and using their broker. This can take up to 3 days for execution from the time I push the go button, so requires both some foresight and luck, particularly if doing an at market price transaction.
Beyond that, in order to buy, the stock must be within the ASX300 or better.
Once "owned" it doesn't matter if the stock falls out of the 300, but, if it gets delisted it will be sold at whatever the market is offering before it ceases to exist.
So, in this scenario I would endeavour to sell at whatever I thought was the highest likely price whilst I still had agency.
Then, theoretically I could use that money to buy in under the new ticker at the new exchange, but unless it has become very well known, very quickly, it's unlikely my fund would have it listed as an approved foreign equity. Of course I could still buy it outside of my super or set up a new fund which allowed it, but I know my existing fund will not allow a simple transfer from the existing holding to whatever it will become.
Hope that makes some sort of sense.
This is probably not an issue if you are self managing your own super fund but would probably depend on if it is allowed according to its rules which may be covered in the vanilla versions, but not having done it, don't know.

I think that I will finally go fully self managed.... and use the funds from the fire sale to purchase the US stock for the longer term????

 

[DK6161]

You are scum.

You've well and truly shown your hand now, with that piece of utter Bullshit.

"You might find that most of the founding members have already left the scene; no longer holding BRN shares

Would you care to substantiate that comment?

No you can't, because you're a complete piece of shit.

Calm your tits buddy. What I meant was founding members of this cult site.
No comments from them since this thing has gone to sh!t

 

[The Pope]

.........update on the saga that is taking place, so we hit that 20s I see ..........

View attachment 78357

You are an d@khead. Leave it at that.

 

[HopalongPetrovski]

I hope you still have some bus money as the bus is running late this year according to Anil........lol.... loaded & ready for the next journey...

Thought you'd just drop in for a bit of gloating eh Dolci?
Sure hope you don't choke on your own hubris.
You must be very proud.
Lots of people hurting here at the moment.
You could have a little dance with your pina colada.
Twice the fun!

 

[HopalongPetrovski]

Meanwhile, over on Facebook.....................Album covers that just shouldn't be.......

 

[DingoBorat]

Calm your tits buddy. What I meant was founding members of this cult site.
No comments from them since this thing has gone to sh!t

Apologies then DK.
But I'm not going to say sorry

There would have been some who have moved on for sure.
Some who have died even.
It's been a long arduous journey and there's no doubt there have been casualties..

I don't believe that anyone has really "overhyped" this Company though, the enthusiasm in its potential is and has been Real, in my opinion.

Although the Company has made missteps, as all do, a great deal of what has held BRN back, has been beyond their control.

The previous 4 years, of unchecked Worldwide decay and deteriorated investment confidence (of customers) is mostly to blame.

Things are moving forward now, but it's also not as easy, as if we had had better World governance, 4 years ago..

The next few months will be interesting.

 

[DingoBorat]

Meanwhile, over on Facebook.....................Album covers that just shouldn't be.......

View attachment 78361

Aren't there supposed to be 4 people in a quartet?..
Maybe because her hands were already full?..

 

[yogi]

So can Someone please educate me please I try to ask this to BRN but i got as its not finalized yet so cant give hypothetical answer. if all goes to their plan what will happen to our holding. will I still be shareholder with same number of shares or it will be adjusted as per US$. I do hold other shares too the worry is this is my biggest holding :-( Thanks in advance Previosly "Baisyet"

 

[Cyw]

So can Someone please educate me please I try to ask this to BRN but i got as its not finalized yet so cant give hypothetical answer. if all goes to their plan what will happen to our holding. will I still be shareholder with same number of shares or it will be adjusted as per US$. I do hold other shares too the worry is this is my biggest holding :-( Thanks in advance Previosly "Baisyet"

I assume you are holding BRN.AX on the ASX. If the thing goes ahead, on the conversion day, you will have your number of shares multiplied by the last traded ASX price and multiply by the AUD/USD exchange rate to get your shareholding holding value in USD. Whatever the initial USD price will be, it will divide into your USD holding value to arrive at the number pf new US shares. Thereafter, you are on your own.

The easiest thing to do is to move to the USA with Brainchip, then you won't be a foreign shareholder. Didn't Donald Trump say you can buy a gold card for US$5M and instantly become an American citizen? I am tempted.

 

[The Pope]

Hi all positive and negative posters.

There has been some very concerning posts in the past couple of days linked to we would be forced to sell our shares through our super funds. The below is advice I received from Australian Super only.

I got this directly from the representative at AustralianSuper fund (direct investment option platform) tonight at 730pm (open to 8pm)

It is not up to Australian super with how a company is delisted on the ASX so if the BOD of BrainChip wish to delist from the ASX and transfer to a US stock exchange then Australian Super will not force you to sell your shares.

If the BRN BOD state in their ASX announcement that they will honour and look after all their retail share holders etc transferring to the overseas stock exchange then it will happen on the T&C’s outlined by BRN BOD.
The guy said once the delisting and transfer to new stock exchange has occurred then it may take a week or two before you see your investment switch in your own direct investment option with Australian Super but nothing to worry about as all the costs will be with BRN. Yes probably funded by LDA’s capital raise etc or any contract wins before the proposed ASX delisting.

Hope this helps ease some minds but don’t care what the likes of Dolci, mickleboro and co state in their posts linked to this delisting or other shite as it’s all scare mongering from my point of view.

Let’s go with the Facts on this proposed delisting by BRN BOD based on what their intentions are based on the details provided in their ASX announcement the other day

Have a good weekend and try to relax with a few beverages tonight even though it has been a rough couple of days dealing with all that has been announced via BRN on ASX.

Note - please still DYOR as this may not cover some other super funds. Give them a call next week and share your experiences on TSE and even the crapper.

Cheers
The Pope

 

[Quatrojos]

Building on the points above, it seems like quite the "coincidence" that Arm has just announced its new ArmV9 edge AI platform—featuring the Cortex A320—in Korea.

Meanwhile, BrainChip just happened to post a job listing for a Regional Sales Manager in… you guessed it—Korea!


View attachment 78343

​

Arm eyes expansion in Korea with AI chip designs for IoT devices
Posted : 2025-02-27 17:00
Updated : 2025-02-27 17:10

Arm Korea President Hwang Seon-wook speaks during a press conference at the Plaza Seoul hotel in Jung District, Thursday. Korea Times photo by Nam Hyun-woo
By Nam Hyun-woo
Chip architecture giant Arm announced its latest platform for edge artificial intelligence (AI) for Internet of Things (IoT) devices in Korea on Thursday, expressing hopes that the new solution will empower various AI-powered IT devices and home appliances developed by client companies here.

During a press conference in Seoul, Arm Korea President Hwang Seon-wook revealed the Armv9 Edge AI platform, which includes the Cortex-A320 CPU and the Ethos-U85 neural processing unit designs and related architecture and software tools to help developers produce their chips and other solutions.

Edge AI refers to processing AI tasks directly on devices such as smartphones, autonomous vehicles, home appliances and sensors without relying on remote servers. The importance of Edge AI is growing as more IoT devices are powered by AI, and the increasing workloads for AI in the cloud are pushing such devices to handle AI tasks locally.
“In the areas of smart homes, smart cities and industrial automation, the importance of edge AI has grown, and device makers are expecting Arm to drive the entire ecosystem,” Hwang said. “To meet industry expectations and maximize Edge AI, the new Armv9 platform will be introduced.”
According to Arm, the Armv9 platform delivers an eight-fold improvement in machine learning performance compared to the Cortex-M85-based platform the company launched last year. The new platform comes with the latest Cortex-A320 CPU design, which is specifically optimized for IoT applications due to its power efficiency.
The Cortex-A320 takes advantage of Armv9 architectural features to deliver a 10-fold improvement in machine learning performance and a 30 percent scalar performance uplift compared to its predecessor, the Cortex-A35.
Arm said the Cortex-A320 CPU completes the company's CPU portfolio, which spans from ultra-efficient models for IoT devices to performance-oriented ones for servers, offering a wide range of options for partner companies.
Hwang said he expects client companies will begin making physical chips using Cortex-A320 from 2026, but they will not likely require the most advanced fabrication processes such as 2 nanometers. Also, a number of clients are now evaluating the Cortex-A320 and the Ethos-U85 designs, with possible applications for various appliances and chips.

Read More​

• Chip architecture giant Arm’s possible fee hike threatens Samsung

Regarding questions about Arm's plan for a license fee hike, Hwang said he is not in a position to answer but added that Arm aims to support the success of its Korean partner companies.
“We have many customers in Korea using our Arm solutions — the proportion of users in Korea is probably the highest in the world. Startups are building and validating their solutions and products on this foundation, developing competitive products, and using that as a stepping stone to enter the global market,” Hwang said. “Our goal is to ensure the success of our partners.”
In January, Reuters reported that Arm is developing a long-term strategy to hike prices by as much as 300 percent, potentially affecting chips and smartphone makers, including Samsung Electronics.

Arm eyes expansion in Korea with AI chip designs for IoT devices

Chip architecture giant Arm announced its latest platform for edge artificial intelligence (AI) for Internet of Things (IoT) devices in Korea on Thursday, expressing hopes that the new solution will empower various AI-powered IT devices and home appliances developed by client companies here.

www.koreatimes.co.kr

Building on the points above, it seems like quite the "coincidence" that Arm has just announced its new ArmV9 edge AI platform—featuring the Cortex A320—in Korea.

Meanwhile, BrainChip just happened to post a job listing for a Regional Sales Manager in… you guessed it—Korea!

Would BRN need a regional sales manager in Korea if their IP was already in ARM's latest iteration? They've already stated, as per Renesas/Megachips that they aren't involved with what happens following an IP sale...

 

[DingoBorat]

Hi all positive and negative posters.

There has been some very concerning posts in the past couple of days linked to we would be forced to sell our shares through our super funds. The below is advice I received from Australian Super only.

I got this directly from the representative at AustralianSuper fund (direct investment option platform) tonight at 730pm (open to 8pm)

It is not up to Australian super with how a company is delisted on the ASX so if the BOD of BrainChip wish to delist from the ASX and transfer to a US stock exchange then Australian Super will not force you to sell your shares.

If the BRN BOD state in their ASX announcement that they will honour and look after all their retail share holders etc transferring to the overseas stock exchange then it will happen on the T&C’s outlined by BRN BOD.
The guy said once the delisting and transfer to new stock exchange has occurred then it may take a week or two before you see your investment switch in your own direct investment option with Australian Super but nothing to worry about as all the costs will be with BRN. Yes probably funded by LDA’s capital raise etc or any contract wins before the proposed ASX delisting.

Hope this helps ease some minds but don’t care what the likes of Dolci, mickleboro and co state in their posts linked to this delisting or other shite as it’s all scare mongering from my point of view.

Let’s go with the Facts on this proposed delisting by BRN BOD based on what their intentions are based on the details provided in their ASX announcement the other day

Have a good weekend and try to relax with a few beverages tonight even though it has been a rough couple of days dealing with all that has been announced via BRN on ASX.

Note - please still DYOR as this may not cover some other super funds. Give them a call next week and share your experiences on TSE and even the crapper.

Cheers
The Pope

Cheers Pope
It doesn't affect me personally, but it does affect my Brother's investment and I'm the "go between" in letting him know the go there..

Hadn't formulated the best way to let him know yet, was going to let it ride for now ..

I'm sure that provides a lot of Peace of Mind, for those concerned.

 

[Mt09]

Well maybe move to hostplus

View attachment 78336

No financial advice given. DYOR

Got a link please?

 

[DingoBorat]

Meanwhile, over on Facebook.....................Album covers that just shouldn't be.......

View attachment 78361

I think you need to reassess your informational sauces Hopalong

Is that a double, or triple entendre? ..

 

[Quatrojos]

Something huge happened between when BRN paid to be released from LDA and when they re-engaged with them. I wonder if the move is the reason. I sure hope it is. Was it IR that responded to the question (a couple years ago, from memory) of a NASDAQ listing with something like:

'We can still extract more value from the ASX.'

I presume whatever happened was positive.
I presume no BOD would be silly enough to limp out of the ASX and hope to run in the US.
Finally, I presume BRN still has some integrity since PVDM retired.

 

[FiveBucks]

.........update on the saga that is taking place, so we hit that 20s I see ..........

View attachment 78357

Dolci stop being a cunt

 

[Boab]

Dolci stop being a cunt

C U Next Tuesday is a common phrase amongst nurses to indicate the type of patient in the room when there is a shift happening.

 

[Beebo]

This impulsive reaction to the move to the US news just shows how bad the company must ditch the ASX.

We have a retail base that is clueless to the benefits of up listing to the big leagues!!

Th is ASX experience has been like walking up a downward moving escalator.

 

[Diogenese]

So can Someone please educate me please I try to ask this to BRN but i got as its not finalized yet so cant give hypothetical answer. if all goes to their plan what will happen to our holding. will I still be shareholder with same number of shares or it will be adjusted as per US$. I do hold other shares too the worry is this is my biggest holding :-( Thanks in advance Previosly "Baisyet"

Hi yogi,

The NYSE has a minimum share price and income requirement. I've seen values between $4US and $6US quoted, so say $5US for rgument sake. So there needs to be an adjustment of the number of BRN shares to equate to the required share price. If we assume ASX is valued at $1US at the time of rehoming, that would require a "consolidation" of BRN shares by a factor of at least 5 to get the BRNUS share price above the $5US threshold, so we'll use 5 for simplicity. So if you had 100 BRNAu shares, that would be 20 BRNUS shares.

The adjustment to US dollars does not affect the calculation of the proportion of shares you own, because it cancels out of the equation, applying to the numerator and divisor.

The point to note is that this consolidation is applied to all BRNAu shares, so, if there were 200,000,000 BRNAu shares on issue, that would be consolidated (divided by 5) to 40,000,000 BRNUS shares. This means you still own the same proportion of the company in BRNUS shares (20/40,000,000 = 1/2,000,000) as you did in BRNAu shares (100/200,000,000 = 1/2,000,0000).

 

[Pom down under]

I hope you still have some bus money as the bus is running late this year according to Anil........lol.... loaded & ready for the next journey...

We all know the main reason the sp shit itself and I’m still happy with my last purchase, but not happy now I see red with my holding