BRN Discussion Ongoing

[White Horse]

I haven’t had time to fully digest all the information yet, so the following is my VERY preliminary opinion, for what little that counts.

That said, at first glance, this appears as though it could be the Board’s way of nudging shareholders toward accepting a predetermined sale price, potentially around $1.00 per share, possibly to a party like ARM, for instance.

I don't know what else to make of this to be honest.

Bravo, you need a holiday.

 

[Bravo]

Bravo, you need a holiday.

Thanks @White Horse,

I’ve actually been on a bit of a mini hiatus, which is why I mentioned I might be a little behind the curve.

Can you please explain why I might suddenly be in need of ANOTHER holiday?

What do you make of this report?

 

[Space Cadet]

Hi all, jrp173 is correct in his translation. As I previously stated, I watched segments of the AGM again today, and this statement from Antonio was very clear. Anybody that doubts the correctness of the post, is either deaf or their memory ain't what it used to be.​

As for the gaff about the actual "US" domicile, I too cannot understand why nobody tried to correct him. Talk about hung out to dry.​

I'm trying to gauge when this report was written. Little doubt it has been commissioned by BRN.

A couple of points.....
1) It states that the last call on LDA was March 2024
2) Also mentions redomicle to the US

On Feb 27 2025, BRN released both the current call on LDA and the redomicle announcements. So, did the BoD have to leak our own info via the asx platform to cover for the fact we had told Trim Capital about the redomicle and they were putting it in their report???

And why have we not informed the market that the redomicle is now dead in the water and a move is off the table???


And this bit sucks too!!!!

View attachment 84423

I think it also said that in the 10th year (2034) it would sell so many units etc etc.

That tells me it was written in 2024 or at least started then or they were going off the data from 2024!

SC

 

[White Horse]

Thanks @White Horse,

I’ve actually been on a bit of a mini hiatus, which is why I mentioned I might be a little behind the curve.

Can you please explain why I might suddenly be in need of ANOTHER holiday?

What do you make of this report?

Hi Bravo,
Because your statement seems to be lacking objectivity.
The report is a crock of shite.
Anybody that thinks that BrainChip is going to take that long to gain traction from where are at this point in time, is wrong.
AI is moving at blinding speed and we are in the right place at the right time.

 

[jrp173]

Interesting transcript.

Close but does not align with my memory of what was said.

Where did this come from??

I recorded it on my iPhone.

 

[IloveLamp]

Check out this job at BrainChip : https://www.linkedin.com/jobs/view/4226488775

]

 

[Fullmoonfever]

Did you pass it on to Tony? Let him know what you think.

Nope.

1. I don't think it'd make a diff imho and
2. Not my job to do their job.

 

[Humble Genius]

I haven’t had time to fully digest all the information yet, so the following is my VERY preliminary opinion, for what little that counts.

That said, at first glance, this appears as though it could be the Board’s way of nudging shareholders toward accepting a predetermined sale price, potentially around $1.00 per share, possibly to a party like ARM, for instance.

I don't know what else to make of this to be honest.

Yep, I read it the same way. They are priming us for a buyout at AUD1.00 per share, and they will talk it up at a 4x premium to the current price. The 2044 timeline is shown to further stress current shareholders and convine then to take the dollar per share rather than the 20 year long haul to profit.

 

[Bravo]

Hi Bravo,
Because your statement seems to be lacking objectivity.
The report is a crock of shite.
Anybody that thinks that BrainChip is going to take that long to gain traction from where are at this point in time, is wrong.
AI is moving at blinding speed and we are in the right place at the right time.

Hi White Horse,

How can you be so sure it’s wrong to suggest that it may take that long for us to gain traction?

Even WBT’s presentations indicate that significant revenue isn’t expected to ramp up until around 2030. They’re clearly setting expectations for a longer runway.

Also, look at what Mike Davies, Director of Intel's Neuromorphic Computing Lab, said regarding the commercialization trajectory of neuromorphic computing. In an interview with EE Times in late 2023, Davies acknowledged the significant potential of neuromorphic technology in reducing power consumption but he also highlighted existing challenges that were likely to delay widespread commercialization.

Can you please stop being immature and discuss this with an open mind.

I am a long, long, long, long time holder and ardent supporter and I hope for nothing but the very best outcome here. But when people shut down discussion or dismiss reality because it doesn’t suit their narrative, I find it both unhelpful and counterproductive.

 

[Food4 thought]

Did you not see the AGM.

Antonio killed it, dead, buried!

Needs to be released on the ASX!!!

Antonio can’t remember if he did or didn’t kill it
He can’t remember if he paid for this trim report

This is a big nudge to the shareholders to get out now we don’t want you here
And we will only be worth a dollar if your lucky
So sell now and maybe be lucky to get something back

This will send the price south for sure
Another classic from the non management of Brainless chip

I am annoyed that they released this
Why
Why
Antonio should release it as a price sensitive asx announcement
lol
It’s becoming a fricken joke a laughing stock
Rant over

 

[Fullmoonfever]

@Diogenese

Wondering if you can have a squiz at the following pls? TIA.

This is a paper from the ECCV / ECVA late 2024 conference for an event suppression method.

Am I reading right that Akida is so efficient already on the memory constraints / consumed mem, that even though the ELSE enhancement assists the other processors in the table, Akida is still better?

Or have I got something backwards?

I note this paper was partly funded by the NimbleAI project which we already know are using Akida 1500.

Paper HERE

https://eccv.ecva.net/virtual/2024/calendar

NimbleAI HERE

 

[Guzzi62]

If it doesn't getting you going, then there is clearly something seriously wrong with your thinking..

A valuation that is $0.59 lower then the last paid for valuation, and have you actually read the report and what is says about having to raise money over the next five years because licence fees can only cover a fraction of their cash expenses?

You are so blind, you can't even see what's happening right in front of your eyes.

My apologies jrp, you are right, I sat down and read it more closely.

The report is indeed very sloppy, some of it seems acuate, but other parts are hmm odd/misleading?

Antonio said at the 2024 AGM that one very juicy IP deal could make the company profitable overnight. But what he says versus facts are not always the same.

Is the report made mainly via a boot process, and have no one really checked it? Someone from BRN have surely checked it before publication? Well, I guess not!

Did BRN really pay for this, and do they agree with the report?

Sean said he expects 9 mill US$ in revenue, but not likely this year. That number is probably very conservative? More can easily pop up, I hope.

WTF is going on?

 

[Diogenese]

TRIM

I found the report fairly superficial on the tech front. It recites some tech facts and some "alternative" tech facts, but does not evince a deep understanding of the tech.

It is also unduly pessimistic on the commercialization front.

While Table 12 lists numerous partnerships and collaborations, this passage from page 15 does not these into account in calculating the time to market, relying instead on the signing of IP licences as the starting point:

"Until BrainChip earns any royalties from its licensing agreements, then it is expected to run at a loss. However, there is significant uncertainty as to when this will happen since it also depends on how long it will take the licensees to develop and manufacture their products that use the Akida IP. According to BRN management, it could take a minimum of 2-3 years for simpler consumer applications or 5-10 years for more complex industries such as automotive, industrial, etc. Hence, we developed several scenarios as to the timing of royalty revenues. Our valuation largely hinges on the prospects after 5 years (2030 onwards), since we don’t expect any current licensees to have any products developed/launched within the next 5 years (there hasn’t been any significant activity in terms of product development with regards to licensees Renesas and MegaChips, according to BrainChip)."

As we have seen customers like Onsor can spring up fully formed. We have had a partnership with Prophesee for several years, and Arquimea suddenly appears:

https://brainchip.com/brainchip-gives-the-edge-to-search-and-rescue-operations/

FG/ESA, BH/DoD, RTX/AFRL- the green shoots have sprouted and are beginning to bear fruit. How many of these partnerships are about to break through the topsoil?

I consider the M2 cybersecurity board (QV/Celpis?) to have a massive unmet market.