BRN Discussion Ongoing

[Food4 thought]

A single short position can be multiplied in theory to infinity.

I part explained this yesterday:

1. Short A approaches Institution B and borrows 12 million shares.

2. Short A approaches Institution C and sells the borrowed 12 million shares off market as a Cross Trade to Institution C.

3. Short D approaches Institution C and borrows those same 12 million shares.

4. Short D approaches Institution E and sells those 12 million shares off market in a cross trade to Institution E.

5. Short F approaches Institution E. and borrows those 12 million shares.

So at transaction 5. the original 12 million shares have opened 36 million short positions that need to be bought back.

This type of activity is what can create the necessity to manipulate inexperienced retail with fear into panicked selling to create sufficient liquidity to buy back positions without creating a squeeze.

This is where they join together with a common purpose to infiltrate social media, the press and the financial advice industry to scalp the unsuspecting retail holder.

I have said before in my opinion retail do not have what is necessary to play in the shark pool so the only way to survive is stay out of the water, do your own research, have a plan and let time in the market work it’s magic.

My opinion only DYOR
FF

AKIDA BALLISTA

Charlie Munger says: 'you don’t make money when you buy a stock, you don’t make money when you sell a stock, you make money by being patient and you make money by waiting'. Waiting for the right pitch, and then waiting for that pitch to kind of mature and develop. The single most important skill set that you can bring to value investing is patience. You have to have a temperament where you're very happy watching paint dry. I would say that is the most difficult thing for investors and you can trade lot of IQ points for patience. You don’t need a lot of IQ points but you need a lot of patience. That’s the piece that usually gets missed." Mohnish Pabrai

 

[HopalongPetrovski]

...well at least some very bad karma. Imploded schemes would be very satisfying.

I may have let my passion momentarily overwhelm me and apologise if any have taken offence.
I will take advantage of their risk taking as it is the only way I have to make lemonade from their behaviour.
However, I would much prefer this manipulative crap didn't occur complicating our companies growth and applying this additional artificial pressure. Beyond the mere acquisition of wealth, which in my view may be regarded as secondary, our company is trying to add something of benefit to this world, and to the degree that they are successful, these shorter's are impeding that end.
The companies job, birthing this new and advantageous technology is already difficult enough, without this added complication merely to satisfy some low life's greed. It indeed would be apt for some news or announcement to drop out of the blue, (such as the Mercede's Benz blockbuster in January), right about now, catching them exposed and in a cascade heading in the other direction.
Would indeed be gratifying to see them hoisted upon the petard of their own making.
Other than that, like any other honest shareholder, I just want to see our Company grow, and my stake with it.
AKIDA BALLISTA
AKIDA EVERYWHERE
GLTAH

 

[Sirod69]

Here is something to think about!
Argo Ai shut down 4 days ago. Most news outlets headlines alluded to its demise as the end of self driving cars.
Ford was part owner of Argo and Ford is linked to BRN.
Could it be by dint of association that BRN was tainted with the same brush as Argo.
BRN's sell down has been extreme, unwavering and beyond rational.
If the above is correct, a possible press release by BRN distancing themselves from ARGO AI could be a master stroke.

I really think you are right:


"Last week, the story broke that Argo AI is shutting down:

The AV/robotaxi startup co-owned by Volkswagen and Ford will be partially resorbed into the two OEMs' ADAS teams, as both of them seemingly abandon their Level 4 efforts in favor of better L2/L3 systems for consumer vehicles.

Suddenly, a lot of voices in the industry dared utter the 'forbidden question' - is autonomous driving going to fail? Sort of yes, but also no. Let's dive into a number of news items from this month which are all very much connected to each other and to answering that question:....."

Autonomous Driving Stocks Decline, Argo AI shuts down, CARIAD Software Delays Porsche EV, Qualcomm Might Win Big In Vegas

Dear Reader, Last week, the story broke that Argo AI is shutting down: The AV/robotaxi startup co-owned by Volkswagen and Ford will be partially resorbed into the two OEMs' ADAS teams, as both of them seemingly abandon their Level 4 efforts in favor of better L2/L3 systems for consumer vehicles. Sud

www.linkedin.com

 

[Evermont]

Hi all, a challenging period for sure.

Whilst I love a conspiracy as much as the next person it seems pretty clear to me that the price response is a natural reaction to the decrease in perceived product value. At this stage of development the market cap includes significant speculative value which is simply being eroded by an impatient and volatile market. Traders have built positions on this basis forever and will not revert until a series of events occur to shift projections. The old adage ‘if you are not bullish you’re bearish’ is very relevant here.

Let’s see what comes. Over to you BrainChip.

Cheers.

 

[buena suerte :-)]

Charlie Munger says: 'you don’t make money when you buy a stock, you don’t make money when you sell a stock, you make money by being patient and you make money by waiting'. Waiting for the right pitch, and then waiting for that pitch to kind of mature and develop. The single most important skill set that you can bring to value investing is patience. You have to have a temperament where you're very happy watching paint dry. I would say that is the most difficult thing for investors and you can trade lot of IQ points for patience. You don’t need a lot of IQ points but you need a lot of patience. That’s the piece that usually gets missed." Mohnish Pabrai

“To lose patience is to lose the battle.”

 

[Straw]

Hi all, a challenging period for sure.

Whilst I love a conspiracy as much as the next person it seems pretty clear to me that the price response is a natural reaction to the decrease in perceived product value. At this stage of development the market cap includes significant speculative value which is simply being eroded by an impatient and volatile market. Traders have built positions on this basis forever and will not revert until a series of events occur to shift projections. The old adage ‘if you are not bullish you’re bearish’ is very relevant here.

Let’s see what comes. Over to you BrainChip.

Cheers.

I'm not sure I'd describe genuine concerns over shorting activity/clear SP manipulation on a daily basis as a conspiracy theory.
Maybe the impatient (and/or overextended and/or shorting) people who dumped their shares don't understand the versatility of the company's IP
or maybe they do.
And if you're not bullish or bearish? Simply confident (separate to daily fluctuations in the SP) the company is being run well and has a fantastic product to offer.

 

[Diogenese]

Hi all, a challenging period for sure.

Whilst I love a conspiracy as much as the next person it seems pretty clear to me that the price response is a natural reaction to the decrease in perceived product value. At this stage of development the market cap includes significant speculative value which is simply being eroded by an impatient and volatile market. Traders have built positions on this basis forever and will not revert until a series of events occur to shift projections. The old adage ‘if you are not bullish you’re bearish’ is very relevant here.

Let’s see what comes. Over to you BrainChip.

Cheers.

Perhaps we need to explain Brainchip to ASX customers in the terms of the mining stocks:
Measured;
Indicated;
Inferred.

Measured = Akida 1000 -

Capabilities: digital SNN inference, N-of-M coding, on-chip learning, Meta TF, CNN2SNN

Measured Uses: Image classification, LiDaR, DVS, key-word spotting, VOC classification; vibration analysis, beer tasting ...

Measured Customers/Partners: MegaChips, Renesas, ARM, nViso, Sifive, Biotome, NaNose, Mercedes, Ford, Magik Eye, Valeo, NASA and friends, Vorago, ISL, Prophesee, Edge Impulse, DUTH,


Indicated = LSTM - movement prediction; collision avoidance,

Inferred = neural cortex ...

Inferred customers/Partners: TATA, MOSChips, Intellisense*, ...

*NASA SBIR: Proposal Number: 21-1- H6.22-1743
Subtopic Title: Deep Neural Net and Neuromorphic Processors for In-Space Autonomy and Cognition
"Phase II, the NECR algorithms will be further matured, implemented on commercial off-the-shelf neuromorphic computing hardware, and then integrated with radio frequency (RF) modules and radiation-hardened packaging into a Phase II working prototype device."

Other assets: Patents, BrainChip University (Carnegie Mellon, Arizona State University ... )

Hopefully the 1000 eyes can audit this to make sure it is JORC compliant.

 

[Diogenese]

Hi all, a challenging period for sure.

Whilst I love a conspiracy as much as the next person it seems pretty clear to me that the price response is a natural reaction to the decrease in perceived product value. At this stage of development the market cap includes significant speculative value which is simply being eroded by an impatient and volatile market. Traders have built positions on this basis forever and will not revert until a series of events occur to shift projections. The old adage ‘if you are not bullish you’re bearish’ is very relevant here.

Let’s see what comes. Over to you BrainChip.

Cheers.

So your hypothesis is that the "decrease in perceived product value" was an instantaneous response to the 4C?

Any shareholder who had been paying attention would know that:
Sean advised that income would be lumpy;
the nature of BRN's business is licensing Akida IP;
the report from the 3 months previous announced significant licence fees;
it takes several months to design verify, tape-out, and manufacture chips, and
this hiatus between the signing of a licence and the production of the chip explains the difference between income in the consecutive reports.

Who polices investing without due care and attention? Mr Market, I hear you say.

Mr Market is a bit of a martinet, and certainly not "firm but fair" ... well, truth to tell, Mr Market is in the pocket of the big boys.

So, yes, those who sold (other than the manipulators - yes, that's right, I don't think the manipulators had a day off on Friday out of sympathy for the mum and dad investors) probably did perceive a decrease in the value of the market for Akida.

Do I have sympathy for those retail investors who sold?
Yes, I do. They have been forced into the hands of the ASX because leaving money in the bank would have eroded the value of their capital, money which they had earned by the sweat of their brow(s).

The shorters of those 12 million odd short shares bought on Friday probably doubled their money or more, and did no one any good except themselves.

Let's hope that the inquiry into ASIC give the regulator real teeth.

 

[goodvibes]

VW hat schon den nächsten Partner im Haus

VW und Mobileye machen gemeinsame Sache. Für VW-Chef Oliver Blume ist das Aus bei Argo.AI keine Abkehr von dem Ziel, in der Zukunft Roboautos zu entwickeln.

www.automobilwoche.de

From German car magazine

 

[Sirod69]

BrainChip's Todd Vierra, Director Customer Engagement presented a regression demo using vibration analysis and predictive maintenance for smart infrastructure at

 

[Techinvestor17]

Feel for those having a hard time with their investment at the moment. Things I like to do to help keep my mine off it is look for other investments. Without trying to cross promote too much RLF might be worth a look for some.

 

[yogi]

Has it been posted before,

Ford reins in hopes for self-driving cars as Argo AI shuts down

Ford Motor Co. on Wednesday reported third-quarter results that beat expectations, but forecast full-year adjusted profit at the low end of its expectations.

www.marketwatch.com

 

[VictorG]

Has it been posted before,

Ford reins in hopes for self-driving cars as Argo AI shuts down

Ford Motor Co. on Wednesday reported third-quarter results that beat expectations, but forecast full-year adjusted profit at the low end of its expectations.

www.marketwatch.com

I think this is a contributing factor for BRN being oversold. Have a look at the attachment from Sirod69's post 177532 in particular the share price of all the companies in the self driving cars segment.

Autonomous Driving Stocks Decline, Argo AI shuts down, CARIAD Software Delays Porsche EV, Qualcomm Might Win Big In Vegas

Dear Reader, Last week, the story broke that Argo AI is shutting down: The AV/robotaxi startup co-owned by Volkswagen and Ford will be partially resorbed into the two OEMs' ADAS teams, as both of them seemingly abandon their Level 4 efforts in favor of better L2/L3 systems for consumer vehicles. Sud

www.linkedin.com

 

[equanimous]

 

[Violin1]

I have been buying and not sold any.
If the price continues to fall I will buy more.
I believe in the Company and the product.
What other people do is their business.
GLTAH

Me too.

 

[Cardpro]

I think this is a contributing factor for BRN being oversold. Have a look at the attachment from Sirod69's post 177532 in particular the share price of all the companies in the self driving cars segment.

Autonomous Driving Stocks Decline, Argo AI shuts down, CARIAD Software Delays Porsche EV, Qualcomm Might Win Big In Vegas

Dear Reader, Last week, the story broke that Argo AI is shutting down: The AV/robotaxi startup co-owned by Volkswagen and Ford will be partially resorbed into the two OEMs' ADAS teams, as both of them seemingly abandon their Level 4 efforts in favor of better L2/L3 systems for consumer vehicles. Sud

www.linkedin.com

Given management has announced 2020 that they are evaluating Akida for the adas & autonomous vehicle applications, I assume they are still evaluating given there was no further announcements relating to ford...

 

[VictorG]

Given management has announced 2020 that they are evaluating Akida for the adas & autonomous vehicle applications, I assume they are still evaluating given there was no further announcements relating to ford...

You are correct, I'm not suggesting anything has changed between BRN and Ford. I'm only saying that the market has lumped BRN with the rest of the start-ups specialising in autonomous driving and punished it's share price because they are wanca's.
BRN's share price began dropping on the 24th Oct. around the same time Argo Ai demise became known.

 

[Izzzzzzzzzzy]

Yes you are right that was Ken Scarince the Chief Financial Officer.

Since that presentation Peter van der Made said to one of the shareholders at the after 2022 AGM in Sydney get together when he said that ARM might acquire Brainchip Peter responded or we might acquire ARM.

On a serious further note the CEO Sean Hehir said in an interview following the AGM that the true value of Brainchip was multiples of the present value. (my paraphrase)

We are clearly not alone on our deluded island in our thinking that Brainchip is massively oversold.

My opinion only DYOR
FF

AKIDA BALLISTA

It’s funny, nothing related to brn but there were companys in the dot com crash that did make it out and are worth billions at the moment

 

[Foxdog]

You know what, after a little bit of angst and wringing of hands I've settled in to a relaxed outlook as far as the SP is concerned. My opinion now is that the further the SP drops then the more likely it is that we will see a 10X return i.e. if it happens to hit 50c then reaching $5.00 is quite a reasonable expectation. Particularly based on the fact that the company has not mentioned any changes other than a continued focus on expanding. As someone posted here earlier - you don't continually hire staff without a clear view to future growth. All in my opinion but I'm accumulating.

 

[Getupthere]

In the coming quarter, the Company will focus on key sales targets and converting technical evaluations into paid licenses. In addition, the Company is accelerating development of next- generation Akida IP and products to extend our technological lead and market opportunity.

One month down in the December quarter two months to go.

Could we see a Moschip sign or could it be someone else.