BRN Discussion Ongoing

[Diogenese]

Thanks D.
I also really hope we will make a splash on the cyber security front.
I view that as potentially qualifying as the "killer app" which is what I have been praying and hoping and advocating for, these past 5 years or so.
The sort of thing with widespread appeal, thats relatively easy to comprehend and also relatively easy to implement.
It is also an area that is becoming daily more a need than a want.
The idea of having one's computer and thereby likely one's pertinent and confidential information and then, likely one's whole identity hacked, is, in our more and more connected world, more and more likely.
I foresee us being built in to new systems and made available as a kind of security retrofit via USB interface for existing systems.
I, and I'd wager many, many other's, would be happy to pay to secure my existing assets.
I believe it would be a very large market from which we could extract a healthy and upgradeable premium and revenue stream and at the same time generate huge brand recognition for both Akida and BrainChip.

The CyberNeuro-RT model would have originally been created by QV for a software NN run on a CPU. It would then need to have been converted to Akida format using MetaTF.

So BRN owns the Akida IP, QV owns the CPU model software IP, and the ownership of the converted model would have been negotiated in the initial contract negotiations, possibly joint ownership.

Running the modelon Akida would reduce the latency in detecting malware, hopefully before it has ingrained itself on the target device. Maybe this involves using a buffer memory/FIFO between the Akida circuit and the target device, so Akida can detect the malware and block the malware from reaching the target device. Maybe the buffer could also be used for LSTM/Long Skip?

If that's not how it works, I'm going to apply for a patent.

So the Akida IP circuit uses the adapted QV CN-RT model. Both are essential for the functioning of the M2 chip (or USB if they produce one), which would require revenue sharing, presumably commercial-in-confidence.

 

[7für7]

I bought some more shares again on Friday! For the 100th time, I’ve raised my target and keep telling myself, “just this one last time.” I don’t think I have that many shares. I’m pretty sure that from your perspective, I’d still be considered a small investor with my 250,000 shares. That means I’ve far exceeded my original goal of 50,000 shares.

I just hope the price moves a bit before the transition to the U.S. market and the reverse split that comes with it. I’m still confident and trust the management. Of course, what’s best for the company doesn’t always have to mean it’s best for investors. Nobody forced me to buy, after all.

But what gives me a positive outlook is the part in the statement where they mention that, during the transition to the U.S. market, they’ll ensure investors retain the same value of shares as they originally had. Let’s see how this plays out!

Peace out.

 

[Space Cadet]

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????

I cannot see why you can't set up your SMSF and transfer all your holdings to it.

I will have to look into it but that is loosely my plan. Been in over 10 years. Not getting screwed out of this.

SC

 

[Pom down under]

What scares me is our shareholding is divided by 40, so a share price of approximately $5 USD, but to remain on nasdaq must be $1USD or more. So once listed, if we drop below $5, not only are we highlighly diluted, but the value of our shares rapidly disappears..

Don’t really think it makes a bloody difference if the share price rapidly disappears, as that’s what it’s been doing since I invested back in 2019 at 0.32 I think. So what’s your point?

 

[The Pope]

Just checked with my cbus smsf and they don't have any means of facilitating a us listed stock. This means I will need to join a different super or sell. Not happy Sean!

Hi Tezza

Are you sure and assume you asked the right questions as per my comments provided to the forum posted last Friday?

Superannuation investment options and performance | Cbus Super

We offer a range of investment options to suit your goals, time frame and preferred level of risk. Making an informed choice now can make a big difference to how much super you’ll have in retirement.

www.cbussuper.com.au

 

[Food4 thought]

What's this then ? An 80 year old founding member actively trading? BS!

You are being an ass DK161

 

[Pmel]

View attachment 78525

What you are a

 

[Pmel]

.53 cents was my highest using my super, but I did miss out on just under $2 but been picking them up and average nearly 0.25

Haha loo

 

[Bravo]

My opinion for what it is worth...

The BOD needs to convince us, the shareholders, that domiciling in the US is the right move.

If they fail to do so, we will NOT approve.

Does the BOD really believe we’ll trust them based on empty promises alone, ahead of the approval timeframe?

Once bitten, twice shy.

I think we need more than vague assurances.

I strongly suspect the BOD has something up their sleeve. Why else would they be recommending such a manoeuvre?

No one would attempt a move like this without some level of confidence in future deals or strategic advantages, as doing otherwise would be sheer recklessness IMO.

 

[DingoBorat]

I have a SMSF and it was "reasonably" easy to set up.
My process was audited ..

Basic yearly cost for me, is $1100 and with contributions, the government will contribute $500 (for incomes $45400 to 60400).

There are also one off fees from time to time.

Government contributions | Australian Taxation Office

You may be eligible for the government's super co-contribution.

www.ato.gov.au

Interestingly, they've been "reducing" the entitlement, from a maximum of $1500 for the years 2004 to 2009, to the present $500..

I should add, that there's also a yearly government charge of around $280, which you need to make a double payment of in the first year.

But this is skipped the 2nd year, unless I still owe it and they haven't chased it yet..


Also, people should know, that the costs of running the fund "can" be met from the fund.

 

[HopalongPetrovski]

My opinion for what it is worth...

The BOD needs to convince us, the shareholders, that domiciling in the US is the right move.

If they fail to do so, we will NOT approve.

Does the BOD really believe we’ll trust them based on empty promises alone, ahead of the approval timeframe?

Once bitten, twice shy.

I think we need more than vague assurances.

I strongly suspect the BOD has something up their sleeve. Why else would they be recommending such a manoeuvre?

No one would attempt a move like this without some level of confidence in future deals or strategic advantages, as doing otherwise would be sheer recklessness IMO.

Yeah. Let's hope so and that they will be at liberty to lay it out for us.
Problem is, if the board recommends this course of action as the way forward, and it gets voted down by retail holders, where does that leave us? These are the people we have in place to both steer and run the company.
If we voted this down, it is in effect a huge vote of no confidence in them, either leaving them disheartened and probably just going through the motions or requiring a board spill and replacement, probably including Sean which would effectively leave us rudderless for some period and potentially crashing the Company for good.
Not trying to be Captain Doom here but the idea of starting again with a replacement leadership team gives me the willies.

 

[DK6161]

You are being an ass DK161

Calling a spade a spade mate. If you say you have been invested since 2015, it falsely implies that you are fully committed to the company and will never sell.
That was obviously not the case for jla.
People get cranky when they get exposed for who they really are (i.e. day traders).

 

[Drewski]

Fundamentally, and I hate to say it, we as shareholders seem to not be considered whatsoever. I would greatly appreciate some clarification around prospects and motivations. I hope I'm proved wrong as the weeks and months play out.

 

[DK6161]

My opinion for what it is worth...

The BOD needs to convince us, the shareholders, that domiciling in the US is the right move.

If they fail to do so, we will NOT approve.

Does the BOD really believe we’ll trust them based on empty promises alone, ahead of the approval timeframe?

Once bitten, twice shy.

I think we need more than vague assurances.

I strongly suspect the BOD has something up their sleeve. Why else would they be recommending such a manoeuvre?

No one would attempt a move like this without some level of confidence in future deals or strategic advantages, as doing otherwise would be sheer recklessness IMO.

The only way it will convince us to vote yes is to reveal a substantive contract with a top tier company / organisation.
That, and a commitment that shareholders will be guided through the whole process of redomiciling to the US. At the moment investors relations is a joke!

 

[Guzzi62]

Yeah. Let's hope so and that they will be at liberty to lay it out for us.
Problem is, if the board recommends this course of action as the way forward, and it gets voted down by retail holders, where does that leave us? These are the people we have in place to both steer and run the company.
If we voted this down, it is in effect a huge vote of no confidence in them, either leaving them disheartened and probably just going through the motions or requiring a board spill and replacement, probably including Sean which would effectively leave us rudderless for some period and potentially crashing the Company for good.
Not trying to be Captain Doom here but the idea of starting again with a replacement leadership team gives me the willies.

That would be an absolute disaster if the whole board left.

The coming AGM will be extremely important and interesting for everyone involved in any capacity.

They will have to convince shareholders on that meeting on the re-location, but considering what they said on the last one, they will have a hard time, because so far, empty promises!!

A couple of good IP deals before the meeting will go a long way to soften shareholders up a bit.

But despite all the negativity, I really hope a lot is going on behind the scenes, positive things.

 

[Labsy]

Even the staunchest cult-affiliate would be starting to worry now...
I must concede my faith has dwindled away over the last few years.
It feels like we are failing. I hope I am wrong though or my wife will kill me lol.

Did someone say "Staunch cult-affiliate"?
At your service....
Nah, just an opportunity....

 

[Beebo]

Im almost certain we are Nasdaq bound.
The Nasdaq is a three tiered exchange: Nasdaq Capital, Nasdaq Global, and Nasdaq Global Elitr.
We land on Nasdaq Capital exchange with the least stringent requirements.
BRN NEEDS TO BE IN THE US for all the exciting news to come.

Let’s GO!
#ditchASXnow

 

[FiveBucks]

Yeah. Let's hope so and that they will be at liberty to lay it out for us.
Problem is, if the board recommends this course of action as the way forward, and it gets voted down by retail holders, where does that leave us? These are the people we have in place to both steer and run the company.
If we voted this down, it is in effect a huge vote of no confidence in them, either leaving them disheartened and probably just going through the motions or requiring a board spill and replacement, probably including Sean which would effectively leave us rudderless for some period and potentially crashing the Company for good.
Not trying to be Captain Doom here but the idea of starting again with a replacement leadership team gives me the willies.

For me, the issue is that the domiciling announcement came off the back of another terrible report with very little positive commentary from the company.

If they had come out in the report and stated that prior to domiciling, we are anticipating on closing between 5-10 IP deals, or something to that effect, I'm sure that we would all be less concerned.

Right now, we are all shit scared that no more deals will be done prior to the us listing and we are all staring down the barrel of consolidation.

 

[DingoBorat]

I'm going to throw a few potentially crazy, not well thought out ideas, here..


The MegaChips IP Licence, affords "protection" and anonymity, from companies both using our IP directly through them and buying licences from them (which we know from at least one or two secured that way, through a quarterly report).

Hence Sean's now infamous..
"Watch the Financials"
Which to be fair, was before Russia invaded the Ukraine and the Worldwide economic downturn, which ensued.


Why can't a full licence be sold, or "arranged" with a similar "Umbrella" Company as MegaChips, in the US?
This would afford the same protections, of not having to report sensitive dealings, with the ASX, wouldn't it?..


Also, what about forming a fully owned subsidiary, in the US, for the same purpose?
I'm not sure of the ins and outs of that, but I know there would obviously be additional running costs involved (but it could be basically a skeleton company?)
This could also take advantage of any US based incentive schemes.


Thirdly and probably what may be my least popular idea..
What about just delisting from the ASX and running privately, until such time as the Company was "strong enough" to list on the NASDAQ?

A share trading platform can still be setup (we could get @zeeb0t to do it ) and this would eliminate shorters and ASX trading algorithms altogether.
Any additional cash needed, would also have to be raised privately.

As long as there was still a "market" for the shares, they would still have increasing/decreasing value, as assigned by supply and demand, dictated by the Company's progress and performance.

Shorting and manipulation of the stock of private companies is still possible, but not as easy or fluid, as cesspits like the ASX.
Also, very large valuations, can also be propelled by shorters and having the stock less available to trade, could deter investment.


Just ideas okay

 

[Beebo]

I'm going to throw a few potentially crazy, not well thought out ideas, here..


The MegaChips IP Licence, affords "protection" and anonymity, from companies both using our IP directly through them and buying licences from them (which we know from at least one or two secured that way, through a quarterly report).

Hence Sean's now infamous..
"Watch the Financials"
Which to be fair, was before Russia invaded the Ukraine and the Worldwide economic downturn, which ensued.


Why can't a full licence be sold, or "arranged" with a similar "Umbrella" Company as MegaChips, in the US?
This would afford the same protections, of not having to report sensitive dealings, with the ASX, wouldn't it?..


Also, what about forming a fully owned subsidiary, in the US, for the same purpose?
I'm not sure of the ins and outs of that, but I know there would obviously be additional running costs involved (but it could be basically a skeleton company?)
This could also take advantage of any US based incentive schemes.


Thirdly and probably what may be my least popular idea..
What about just delisting from the ASX and running privately, until such time as the Company was "strong enough" to list on the NASDAQ?

A share trading platform can still be setup (we could get @zeeb0t to do it ) and this would eliminate shorters and ASX trading algorithms altogether.
Any additional cash needed, would also have to be raised privately.

As long as there was still a "market" for the shares, they would still have increasing/decreasing value, as assigned by supply and demand, dictated by the Company's progress and performance.

Shorting and manipulation of the stock of private companies is still possible, but not as easy or fluid, as cesspits like the ASX.
Also, very large valuations, can also be propelled by shorters and having the stock less available to trade, could deter investment.


Just ideas okay

Dingo! Going private means you get bought out at today’s price I know you wouldn’t want that.