BRN Discussion Ongoing

[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

Ali Foughi on LinkedIn: Atmosic Technologies Secures $40M Funding Led by Sutter Hill Ventures | 25 comments

Atmosic Technologies Secures $40M Funding Led by Sutter Hill Ventures | 25 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.

 

[FJ-215]

Wow. Thanks dingo but now I’m super confused

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.

 

[FJ-215]

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.

Signing the subcontractor agreement would be a good start!!

 

[skutza]

Hi all. Sorry as I mentioned a while back taken BRN of my watchlist and staying away. I was sent a message asking about. Y thoughts so I had to look it up? If there are any kind hearted souls out there that can share a link or explain this it would be great. Likely already discussed so save me hunting through massive amounts of posts, just a link to the post/explanation would be great. I have 500k shares in my host plus super. What happens if they go tomthe states am I forced to sell or are they just international shares. Second, what exchange would we go on, don't we have a certain criteria for Nasdaq that we'd never reach? Thanks in advance.

 

[Labsy]

Moin from Germany, I'm not sure anymore if the US would be a good place to trade when I watch the video below from 01:10 to 1:25,



this exact behavior shows that the western world needs to revolt. If you also consider the measures that are being practiced on the USA's own people. These are very reminiscent of measures from the Nazi regime in 1933 when the whole mess began. Deporting people without a proper trial or taking them into custody. The US government wants to take away the birthright of Native Americans. People are being deported without due process, even so-called “naturalized” Americans. Examples that sound very much like the Nazi regime, replace “naturalized” with “Jewish” or “non-Aryan”. We have therefore created Article 16 of the Basic Law, and if companies continue to maintain or expand business relations with the USA, this will certainly not be received positively in Europe, as it is very reminiscent of companies such as “IG Farben”. There is currently a movement underway to avoid everything that comes from the USA or is produced by a US company in its own country, see Tesla. Several allies have sold their US government bonds, and here in Germany all major companies are aware of the connection with the current measures and have been reminded of “IG Farben”.This means that Trump has exactly the opposite effect, namely that Europe is withdrawing completely from the USA. That's why I think that switching to the USA is a stupid idea.If this Video goes viral. Citizens should finally wake up and realize that a new era has dawned in which the dominance of the USA will be broken.

I've read some very valid points on both sides of the argument to the point where I will one comment only to "like" the very next opposing argument.
I am torn between the hope/faith the BOD are making good judgement calls with the information we are not privy to, and the anxiety associated with entering the US market with no real revenue.
I can't say "I don't care about the SP" because I'd be lying through my teeth but I do feel it's secondary at this stage.
In summary.... We need revenue or some reassurances it's on it way...and we need to leave the ASX.... It's that simple.

 

[Meatloaf]

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.

Hey Tech
I agree, Anil has the right to do whatever he wants. I’m not bothered by Anil’s action.

However, it does seem as though shorters have had the upper hand. SP will drop days before a negative announcement. Shorts will also increase. I don’t believe that Brn are as tightly sealed as what we are being told. Someone is leaking information but only to those that are privy.

Why have shorts increased now if we are on the verge of a major breakthrough?

Maybe we should have gone for an Aussie CEO, after all we are an Aussie company.

The lack of real progress is very disappointing.

Sorry, still fuming. Need to get it out of the system.

 

[Fullmoonfever]

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.

Server farms are dominated by the likes of NVIDIA.

While the players in that space are making killer $ over and above "power costs", there's minimal incentive given the outlay to change.

How easy do you think it is to roll back the existing frameworks and infrastructure to just "pop" Akida in?

The testing, the algorithms, models etc all needing to be written to operate efficiently on SNN and with comparable output performance to the existing processing to minimise disruption to traffic and processing.

It would take small incremental steps to build up.

Where the catalyst is coming on that front though is the uptake of edge processing imo.

As that momentum increases and more and more devices, manufacturers, people move their data processing to more secure, private processing at the edge then the traffic and reliance on massive GPU, power hungry data centres will diminish.

Data centres will always be there but the revenue and growth will ease back.

I have absolutely no doubt that players like NVIDIA etc will all be milking these centres for all their worth while they can and in the background be also exploring edge solutions or edge server (hub) set ups.

They won't commit or show their hands till they have to and a cross over point eventuates. The law of diminishing returns.

In the meantime, the edge is where it appears a large portion of startups, disruptive tech (SNN / quantum / hybrid) and some mature device manufacturers (Qualcomm) are already creating solutions.

We need to continue to develop and mature the Akida product suite, and solutions they offer, in line with client needs / suggestions (as end users) and to keep pace with the evolving edge market and competitors.

No one can deny we need solid deals and revenue sooner than later now to grow and something must begin to happen on that front, absolutely.

However, we are also a bit at the mercy of a developing end use market (edge) that many companies are either not ready to adopt, don't need to yet, are still trying to figure out where that fits in their industry / business, are triailing, testing, creating algos, models etc etc before the uptake really expands.

Can I say BRN will ultimately be successful, nope.

Can I say that the tech appears to be getting more and more coverage, a growing ecosystem, making some inroads, has opportunities developing, increasing interest from companies, yep.

It's not the wanted situation but it is where it's at currently imo.

So I just continue to assess where I'm at personally with exposure etc while this all happens and act according to my own plans. I accept I can't influence a wider mkt, be that stock or tech, so I work in my sphere of control with what I can actually influence.

 

[DingoBorat]

Server farms are dominated by the likes of NVIDIA.

While the players in that space are making killer $ over and above "power costs", there's minimal incentive given the outlay to change.

How easy do you think it is to roll back the existing frameworks and infrastructure to just "pop" Akida in?

The testing, the algorithms, models etc all needing to be written to operate efficiently on SNN and with comparable output performance to the existing processing to minimise disruption to traffic and processing.

It would take small incremental steps to build up.

Where the catalyst is coming on that front though is the uptake of edge processing imo.

As that momentum increases and more and more devices, manufacturers, people move their data processing to more secure, private processing at the edge then the traffic and reliance on massive GPU, power hungry data centres will diminish.

Data centres will always be there but the revenue and growth will ease back.

I have absolutely no doubt that players like NVIDIA etc will all be milking these centres for all their worth while they can and in the background be also exploring edge solutions or edge server (hub) set ups.

They won't commit or show their hands till they have to and a cross over point eventuates. The law of diminishing returns.

In the meantime, the edge is where it appears a large portion of startups, disruptive tech (SNN / quantum / hybrid) and some mature device manufacturers (Qualcomm) are already creating solutions.

We need to continue to develop and mature the Akida product suite, and solutions they offer, in line with client needs / suggestions (as end users) and to keep pace with the evolving edge market and competitors.

No one can deny we need solid deals and revenue sooner than later now to grow and something must begin to happen on that front, absolutely.

However, we are also a bit at the mercy of a developing end use market (edge) that many companies are either not ready to adopt, don't need to yet, are still trying to figure out where that fits in their industry / business, are triailing, testing, creating algos, models etc etc before the uptake really expands.

Can I say BRN will ultimately be successful, nope.

Can I say that the tech appears to be getting more and more coverage, a growing ecosystem, making some inroads, has opportunities developing, increasing interest from companies, yep.

It's not the wanted situation but it is where it's at currently imo.

So I just continue to assess where I'm at personally with exposure etc while this all happens and act according to my own plans. I accept I can't influence a wider mkt, be that stock or tech, so I work in my sphere of control with what I can actually influence.

"I have absolutely no doubt that players like NVIDIA etc will all be milking these centres for all their worth while they can and in the background be also exploring edge solutions or edge server (hub) set ups"

I wonder if NVIDIA has already started employing people to that end?

Oh wait ..

Nooo!
Rudy! Why Rudy why?!..

 

[Bravo]

I just watched the recent Q&A session on the ABC. Kara Swisher was one of the panelists and she said something along the lines that America is pretty much only interested in dealing with technology companies that are American based and that is why Australia isn't in an advantageous position in that regard.

This is not verbatim. It's just an interpretation of what I watched.

 

[Jchandel]

Like from Weebit Nano’s (ASX- WBT) CEO Coby Hanoch.

 

[Jchandel]

Like from Weebit Nano’s (ASX- WBT) CEO Coby Hanoch.
View attachment 78684

BrainChip on LinkedIn: #ai #innovation #wearabletech

BrainChip and Onsor: Advancing Epilepsy Prediction with Neuromorphic AI Powered by BrainChip’s Akida IP Platform, Onsor’s innovative smart glasses are…

www.linkedin.com

 

[rgupta]

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.

We are least bothered what Anil is doing with his shares, he is no more a director or employee either. But brainchip reproduce a notice which they already given to market 2 years ago. He is not a substantial holder since dec 2022.
Anyway we are high paying and low getting owners.
One bad mistake cost us 100 million dollars on that day then they add the fire to fuel, on market sell off, redomicile and make a perfect feast for the shorters.
Last month there are more than 20 million shorts and they are increasing faster than holders.
We got a world beating management, sp will do what soever it has to do, we donot care about holders money. But holders are obligated.
Dyor

 

[manny100]

Server farms are dominated by the likes of NVIDIA.

While the players in that space are making killer $ over and above "power costs", there's minimal incentive given the outlay to change.

How easy do you think it is to roll back the existing frameworks and infrastructure to just "pop" Akida in?

The testing, the algorithms, models etc all needing to be written to operate efficiently on SNN and with comparable output performance to the existing processing to minimise disruption to traffic and processing.

It would take small incremental steps to build up.

Where the catalyst is coming on that front though is the uptake of edge processing imo.

As that momentum increases and more and more devices, manufacturers, people move their data processing to more secure, private processing at the edge then the traffic and reliance on massive GPU, power hungry data centres will diminish.

Data centres will always be there but the revenue and growth will ease back.

I have absolutely no doubt that players like NVIDIA etc will all be milking these centres for all their worth while they can and in the background be also exploring edge solutions or edge server (hub) set ups.

They won't commit or show their hands till they have to and a cross over point eventuates. The law of diminishing returns.

In the meantime, the edge is where it appears a large portion of startups, disruptive tech (SNN / quantum / hybrid) and some mature device manufacturers (Qualcomm) are already creating solutions.

We need to continue to develop and mature the Akida product suite, and solutions they offer, in line with client needs / suggestions (as end users) and to keep pace with the evolving edge market and competitors.

No one can deny we need solid deals and revenue sooner than later now to grow and something must begin to happen on that front, absolutely.

However, we are also a bit at the mercy of a developing end use market (edge) that many companies are either not ready to adopt, don't need to yet, are still trying to figure out where that fits in their industry / business, are triailing, testing, creating algos, models etc etc before the uptake really expands.

Can I say BRN will ultimately be successful, nope.

Can I say that the tech appears to be getting more and more coverage, a growing ecosystem, making some inroads, has opportunities developing, increasing interest from companies, yep.

It's not the wanted situation but it is where it's at currently imo.

So I just continue to assess where I'm at personally with exposure etc while this all happens and act according to my own plans. I accept I can't influence a wider mkt, be that stock or tech, so I work in my sphere of control with what I can actually influence.

We have seen over and over that AKIDA outperforms other chips.
The Bascom Hunter (AKIDA 1000 AND 1500) - Navy transition and the US AFRL trials (TENNs) are extremely important to BRN in that it validates our products. If these trials are successful we will likely see others follow.
We cannot underestimate the Defence transition from traditional systems to Edge AI. Can anyone do defence better than BRN?
Not that i know of.
I suspect that the lure of DOD contracts is behind the ' looking into a US listing. Perhaps even US government or defence interest in our cybersecurity as well.
Bascom Hunter are backing AKIDA matched with their tech will take them to a market leadership position (refer to Naval transition document posted some time ago). They are effectively on this ride with us.
I agree, there are still risks but they have decreased somewhat since September'25 news flow began.
We need of course the Navy transition and AFRL turn into big deals. Then there is cybersecurity and Onsor.