BRN Discussion Ongoing

[SERA2g]

@SERA2g @Wickedwolf @jrp173

The section on Trim vs BRN revenue forecast clearly states Trim has taken impairment testing values as assumptions via data implied in the BRN FY24 report...Publicly Available.

Does anyone actually read reports or just look at pretty charts and graphs or maybe they do read the reports but just make sh!t up


"Our forecasts are lower than what BRN management expects over the next 5 years, which has been implied in their revenue assumptions used in their impairment testing for intangible
assets (See FY24 Financial Report)"

Hi fullmoon

Don't appreciate your accusations and I think the issue here is you haven't read my post correctly.

I understand where Trim has got their information from - their own estimates.

Here's the trim capital report so people don't need to search for it.

My point is where has Brainchip publicly made available their expectations for revenue in 2026, 27, 28 and 29.

It clearly says "Source: Company reports" but as far as I am aware, Brainchip has never provided forecasts other than the mention of $9m booking targets.

Please can you confirm where this information has come from because as far as I'm concerned, there is no PUBLICLY AVAILABLE report which includes those rev and opex forecasts.

Hence my post, "That I'm aware of, other than the $9m in bookings recently mentioned at the AGM, brainchip has never released revenue targets. I wonder where that came from as Trim indicate it is from information released by the company, which can't be correct, unless Brn provided the expectations to them for the report."

 

[Fullmoonfever]

Hi fullmoon

Don't appreciate your accusations and I think the issue here is you haven't read my post correctly.

I understand where Trim has got their information from - their own estimates.

Here's the trim capital report so people don't need to search for it.

My point is where has Brainchip publicly made available their expectations for revenue in 2026, 27, 28 and 29.

It clearly says "Source: Company reports" but as far as I am aware, Brainchip has never provided forecasts other than the mention of $9m booking targets.

Please can you confirm where this information has come from because as far as I'm concerned, there is no PUBLICLY AVAILABLE report which includes those rev and opex forecasts.

Hence my post, "That I'm aware of, other than the $9m in bookings recently mentioned at the AGM, brainchip has never released revenue targets. I wonder where that came from as Trim indicate it is from information released by the company, which can't be correct, unless Brn provided the expectations to them for the report."

View attachment 84600

No accusations, just a generalisation about how all this goes in circles when there is information there.

As per my previous post...Trim used FY24 Fin Report assumptions used for impairment testing. That's where BRNs numbers come from...."implied' by BRN and merely collated to suit the Trim scenario.


"Our forecasts are lower than what BRN management expects over the next 5 years, which has been implied in their revenue assumptions used in their impairment testing for intangible
assets (See FY24 Financial Report)"


People can interpret however they want, I've spelt out where I believe the data comes from as per Trims own notes a d disclaimers.

 

[SERA2g]

No accusations, just a generalisation about how all this goes in circles when there is information there.

As per my previous post...Trim used FY24 Fin Report assumptions used for impairment testing. That's where BRNs numbers come from...."implied' by BRN and merely collated to suit the Trim scenario.


"Our forecasts are lower than what BRN management expects over the next 5 years, which has been implied in their revenue assumptions used in their impairment testing for intangible
assets (See FY24 Financial Report)"


People can interpret however they want, I've spelt out where I believe the data comes from as per Trims own notes a d disclaimers.

Hi Full

Thank you for clarifying. I'm glad I haven't missed real 'forecasts' published by the company because if those numbers were the boards real expectations shareholders would be furious. $15m revenue in 2029 would be an enormous failure in progressing this company forward.

I would lend literally zero credence to the revenue and opex estimates. Using an auditors impairment testing assumptions for brainchip's intangibles to spin out revenue and opex "forecasts" for comparison and calling them "brainchips expectations" is ludicrous.

I am now assuming the board have not read this in detail and have looked at the summary - "bull case Trim think we're worth $1, lets get it out to the market, hopefully it'll rally shareholder enthusiasm for our growth prospects".

Appreciate you spending the time to clear that one up x

 

[Terroni2105]

With regards to the company not releasing the AGM recording because they don’t have everyone’s permission, I agree with whoever posted that it is more than likely because of Antonio’s behaviour / response around the redomociling conversation. There were no shareholders identified in that video, only the backs of heads were seen. The only people needing to give permission is the BrainChip people there. And I also agree with the observation of since when in past years has any permission been sought.

 

[Drewski]

I feel like we are the embarrassing old friends at the party.
BRN has now much cooler friends.
When we walk in on a conversation (AGM) everyone goes quiet; we couldn't possibly understand. It's best if we don't know who they are rubbing shoulders with, polite introductions and pleasantries.

PVDM is loyal but his influence is not what it was and he is tired, he remembers when we were friends, how we took part in the adventure and supported each other. He is conflicted.
His new friend Antonio keeps telling him you don't need these guys anymore, they are holding you back, your dream is bigger than them, it's tough but you will have to ditch them.

Sean is torn, he is honest, competent and hard working - but the GLORY, the GLORY.

The others at the party, understand life is tough and unfair, however sacrifices must be made or it's not my business or they really are just hangers on or I'm just here to play guitar in the band. I'm not responsible, I just want the music to be great.

On the other hand, they might be protecting us for our own good and I might be paranoid.

Otherwise,

 

[Pom down under]

With regards to the company not releasing the AGM recording because they don’t have everyone’s permission, I agree with whoever posted that it is more than likely because of Antonio’s behaviour / response around the redomociling conversation. There were no shareholders identified in that video, only the backs of heads were seen. The only people needing to give permission is the BrainChip people there. And I also agree with the observation of since when in past years has any permission been sought.

Didn’t someone here mentioned they recorded all on there phone. Happy to let them upload it to my Dropbox where I’ll will send a link for everyone to watch

 

[Fullmoonfever]

Didn’t someone here mentioned they recorded all on there phone. Happy to let them upload it to my Dropbox where I’ll will send a link for everyone to watch

According to posts it was @White Horse and @jrp173 who had recorded it on desktop and iPhone respectively.

 

[Pom down under]

According to posts it was @White Horse and @jrp173 who had recorded it on desktop and iPhone respectively.

@White Horse @jrp173 send us a PM if you’d like to upload the AGM to my Dropbox for me to post a direct link or upload it to YouTube as I’m well over this companies poor communications to shareholders and now for the 2nd time trying to withheld information that should be shared. Maybe the company should rethink the decision to withheld the video before it makes them look more stupid than they already are.

 

[MDhere]

@White Horse @jrp173 send us a PM if you’d like to upload the AGM to my Dropbox for me to post a direct link or upload it to YouTube as I’m well over this companies poor communications to shareholders and now for the 2nd time trying to withheld information that should be shared. Maybe the company should rethink the decision to withheld the video before it makes them look more stupid than they already are.

Pom...

 

[ChipMan]

I don’t often speak out, but fu.k me a few in the company should resign straightaway as its becoming a joke on how they communicate or fail to communicate.

Relax, some monster deals are coming

 

[DK6161]

With regards to the company not releasing the AGM recording because they don’t have everyone’s permission, I agree with whoever posted that it is more than likely because of Antonio’s behaviour / response around the redomociling conversation. There were no shareholders identified in that video, only the backs of heads were seen. The only people needing to give permission is the BrainChip people there. And I also agree with the observation of since when in past years has any permission been sought.

I don't thing AGMs should be recorded in the first place. These are internal meetings between the Board, key personnel and shareholders. Should not be made public.
Happy with the Board's decision in this case.
Not advice

 

[CHIPS]

I feel like we are the embarrassing old friends at the party.
BRN has now much cooler friends.
When we walk in on a conversation (AGM) everyone goes quite; we couldn't possibly understand. It's best if we don't know who they are rubbing shoulders with, polite introductions and pleasantries.

PVDM is loyal but his influence is not what it was and he is tired, he remembers when we were friends, how we took part in the adventure and supported each other. He is conflicted.
His new friend Antonio keeps telling him you don't need these guys anymore, they are holding you back, your dream is bigger than them, it's tough but you will have to ditch them.

Sean is torn, he is honest, competent and hard working - but the GLORY, the GLORY.

The others at the party, understand life is tough and unfair, however sacrifices must be made or it's not my business or they really are just hangers on or I'm just here to play guitar in the band. I'm not responsible, I just want the music to be great.

On the other hand, they might be protecting us for our own good and I might be paranoid.

Otherwise,

This joke is killing me

 

[Humble Genius]

@White Horse @jrp173 send us a PM if you’d like to upload the AGM to my Dropbox for me to post a direct link or upload it to YouTube as I’m well over this companies poor communications to shareholders and now for the 2nd time trying to withheld information that should be shared. Maybe the company should rethink the decision to withheld the video before it makes them look more stupid than they already are.

I'm happy to convert and upload to youtube - please let me know?

 

[Pom down under]

I'm happy to convert and upload to youtube - please let me know?

Thanks if you don’t mind and I wouldn’t be surprised if it was FF that requested the video not be posted online.

 

[IloveLamp]

Apologies if posted already

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[Food4 thought]

@Wickedwolf. not directed at you.. but people can think whatever they like, and I don't need to convince anyone, that's their choice.. but the question still remains.. if this report is fiction, why would BrainChip publish the report on all of their social media channels?


View attachment 84559
@Wick

Why would they do this because they are not very good business people.

 

[Food4 thought]

Has anyone asked the company if they commissioned the report. It would shut this down straightaway.

I tried to ask but T only Dawe is on holidays atm or away from the office and not answering

 

[DK6161]

I tried to ask but T only Dawe is on holidays atm or away from the office and not answering

Classic Tony

 

[FiveBucks]

Up 15 percent overnight.

Announcement that we are selling t shirts again Monday?