BRN Discussion Ongoing
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Frank Zappa
Regular
Great post . Thankyou . Fabulous to have you include yourself with us again .
. We will all have a shoey when everything settles down .
HopalongPetrovski
I'm Spartacus!
Appreciate the sentiment but what exactly would you have him say?
Anything that's just fluff, even if it made us all feel good for five minutes would just be another kind of sugar hit.
And apart from providing fodder for negativ'eesters to further attack us with, would just weaken the Company's credibility further.
It's been tough going for a longish time now, and I doubt many of us would have predicted just how far our share price has fallen.
Hell, my whole portfolio has taken a horrendous bashing and if only I had known in advance just what would transpire I would have sold the lot and been sitting pretty waiting to buy back in with many multiples of my current holdings.
But, alas, I did not predict this current reality and so am reconciled to ride it out, husbanding whatever dry powder I still have left awaiting a clear signal the market and my long held picks are rebounding towards a new normality.
I just don't believe the world has entirely entered a final phase where everything I own will become worthless or can be held at a near zero value, regardless of its fundamental worth, forever.
The market, like other phenomena, is a creature of cycles.
And the longer and more intensely any artificial force is applied to it, in any direction, the greater will be the corresponding correction or rebound.
As before, I plan to ride that back up, hopefully a wiser more seasoned investor.
This tide will turn!
GLTAH
“The real issue is that we aren’t posting announcements that signal a commercial pathway to revenues and profits, and that is what’s driving down investor sentiment, not a lack of communication.”
I guess the bottom line is, is this fair for shareholders? and
Should we ask the ASX to intervene? i.e. is it the opinion of the ASX, that it is preferable for an announcement to be made, so long as that announcement does not break any existing NDA?
David holland
Regular
The company need positive for the SP To move upwards, all talk but no signatures
DerAktienDude
Regular
No worries guys. It’s normal to lose 95% of market cap and to not worry about it. Everything’s fine and thankfully all the trolls who don’t agree with that have been deleted. Shorters are wrong and we are in the right.
CHIPS
Regular
I think many people here are too much in love with Sean Hehir and that's why they don't criticize him. Personally, I don't think he's doing a good job because he doesn't let us know what's happening and because he doesn't care about the SP. I can't judge the rest of his work, but since he doesn't talk about it (not the minor details, of course), I have to judge it negatively. And it is my right as a stockholder to do so.
It is also the company's job to monitor the SP and make shareholders feel more comfortable about their investments by releasing information more often. It seems to me like he doesn't care about shareholders at all and I don't like that feeling. I have worked for many CEOs in my long life and know how a CEO should appear in public. Sean is not like that at all. You got to the point with Church Mouse.
I really hope I'm completely wrong when I see the next 4C, and I'm more than willing to apologize then.
Papacass
Regular
Hey Hopalong,
Thanks so much for the gracious reply. I come from an industry where morale was taken very seriously and sometimes an acknowledgment from senior leadership that the troops are doing it tough in the trenches but confidence in the strategy is high blah blah. It’s not so much the words but who visits the front and says them. Picturing leadership cowering in the ivory tower … you get the picture.
Look, I’ve been around the block and don’t need my hand held. I’ve appreciated your input and civility over many years. Just my thoughts on some leadership. My confidence is still high. Onward. Cheers.
Because he's never been a ceo before. I was then and still am dubious about his appointment and by now, he should've proven me wrong.....
The board must've had their reasons for selecting him but he has a lot to learn about being a ceo imo
For the record, i hope he does learn, and prove me wrong.
AusEire
Founding Member.
The point some of us on here have been trying to make to those who keep crying over revenue is this takes time as shown by Chapman. Don't get me wrong we all want to see it but we have to realize that it's a very very long cycle to get to that.
Hopefully with Renesas coming to market with a product this year and Megachips next year that we'll see some revenue coming through but for significant revenue as some are expecting(everyday) imv is some time off for now.
AusEire
Founding Member.
You haven't been deleted
rgupta
Regular
If speculative buying can take it up to 2.34 then speculative selling can bring it down to 15 cents as well. End of day one good news can change the course and no news could take it further down
Dyor
AusEire
Founding Member.
His job is to run the company not to make shareholders feel good about themselves. He has to create a path to success and by trying to make us as shareholders feel good at every whim is not doing his job.
Of course you can't judge his work ethic.
I've met him. He's very driven. I've also spoken about him with other board members to get a guage of his work ethic. They couldn't speak any better of him. He doesn't stop.
Go complain to the company. Yes it is your right but just because you have a right to complain doesn't mean have a right to a satisfactory answer. You might never like the answer you get.
It's actually not their job to monitor the SP and make us feel better about our investment. It's OUR job to do our own research on the company and the industry it's in and make a choice on whether to invest or not.
That's your opinion and experience. That doesn't automatically apply here or is the same in every company. The CEOs job is to grow the company. Are you saying that we haven't seen any progress whatsoever since Sean came onboard?
CHIPS
Regular
We can discuss this over and over, but it will not change a bit. I am just saying that his job is also to make his team members/people around him do their jobs. They aren't as they are not doing any investor relation management, so he did not do his job in full detail. This is also the reason why so many people are dissatisfied. It is not only the SP that is annoying but also the company being too quiet toward their stockholders. You may like it, I don't.
What Does a CEO Do?
CEOs are responsible for managing a company's overall operations. This may include delegating and directing agendas, driving profitability, managing company organizational structure, and strategy, and communicating with the board.CEOs typically have extensive experience in their industry and are tasked with guiding their company toward success and profitability.
Chief Executive Officer (CEO): Roles and Responsibilities vs. Other Chief Roles
The chief executive officer (CEO) is the highest-ranking executive of a firm. CEOs act as the company’s public face and make major corporate decisions.
CHIPS
Regular
You know exactly that I did not say that! You quoted my saying/sentence.
GazDix
Regular
Apple rose to $1.21 in March 2000 and dropped to 23 cents in April 2003.
Amazon was $4.70 in 1999 and dropped to 50 cents in August 2001.
And my favourites, for Bitcoin and Ethereum and many other cryptos a 90% drop in a bear market is very normal, followed by 100's% gains afterwards in a bull.
Ground breaking industries have enormous volatility. I love this playground because I am not a weekly/monthly or even yearly trader in most circumstances.
So yeah, shorters are right with little profit and we are wrong if the time horizon is shorter. We are right and much more profitable if the time horizon is longer.
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AusEire
Founding Member.
Who said I like it?
I'm not happy with the share price either. I just don't air my grievances about it on here. I absolutely do not get why I or anyone else should?(that's just me though) I know where I need to air my dissatisfaction about the company and then it's up to me whether I believe that my dissatisfaction is worthy of a there there from Tony or not.
I understand what the company needs to do. I understand the timelines. I understand that they cannot tell us stuff(is this frustrating? Fucking hell it is). Is whinging and bitching gonna fix it? No it's not. Following the companies every move and reading anything that mentions Akida or Brainchip makes ME feel good because I can see that they are making progress.
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HopalongPetrovski
I'm Spartacus!
No worries Papa. Hope Mama is doing well.
I take your point, which is why I included that rousing clip which puts a lump in my throat and brings a tear to my eye still, after all these many years and even though I know its from a movie and is engineered to manipulate my emotions...............
We are merely human and have buttons that can be pushed.
I get that.
I just think that even if Sean or Antonio or even PVDM got on the horn and delivered as effective a speech as that, without any credible corroborating news of substance to back it up, then, the next day or the next week when the share price slips another couple of cents we are in an even worse position because managements authority will have been further eroded.
If they had anything of substance beyond what has already been released, they would have done so already.
The situation has not actually fundamentally changed.
It still looks promising from their end.
More and more potential customers are evaluating our offering.
More and more partners, associates and colleagues are joining our, or inviting us to join their, eco-systems.
Stuff is happening.
It's just taking longer than any of us, including our board and management, would like, to tick over that point where it becomes visible to those outside the deal room.
We here are luckier than most in that we get to see hints of just what may be around the corner and have the support of other like minded BRNiacs.
But we certainly are being tested and it is not surprising that some are reaching their limit.
I don't picture Sean or any of the crew cowering in any ivory tower.
Having met some of them, my impression is of driven professionals executing a plan, writ with the benefit of previous successful experience, guiding our company in uncertain and definitely choppy waters.
But, like any of us, subject to the whims of others and operating in a competitive environment where not everything is within their ultimate control.
And also like us, without the benefit of hindsight, beforehand.
It just takes as long as it takes.
And we just have to suck it up.
Like people have had to, all throughout history.
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