BRN Discussion Ongoing

[Galaxycar]

That’s all good Ian dare not be a real shareholder on this website rather than a paid influencer,wonder what’s mum cooked me tonight

 

[IloveLamp]

Grow up. Management would never disclose anything to the "select few" anyway. Oh, I think I just heard your mum calling you for dinner also.

Galaxies mum be like

 

[Diogenese]

It will be interesting to see what cybersecurity measures ASX/TCS adopts - but that would be under NDA.

 

[Diogenese]

Now isn’t that a familiar name…

Australian stock exchange picks India's TCS to rebuild software after earlier flop

Australian stock exchange operator ASX said it had hired Tata Consultancy Services (TCS) to overhaul its clearing and settlement software, opting for a route that will take less customisation after ditching a much-criticised blockchain-based effort.

www.reuters.com

Australian stock exchange picks India's TCS to rebuild software after earlier flop​

By Byron Kaye and Himanshi Akhand
November 20, 20237:34 AM GMT+1Updated 18 min ago

[1/2]A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. Picture taken February 13, 2018. REUTERS/David Gray/File Photo Acquire Licensing Rights

Nov 20 (Reuters) - Australian stock exchange operator ASX (ASX.AX) said it had hired Tata Consultancy Services (TCS) (TCS.NS) to overhaul its clearing and settlement software, opting for a route that will take less customisation after ditching a much-criticised blockchain-based effort.

The choice is a major departure from its decision in 2017, announced with much fanfare, to be at the vanguard of adopting blockchain-like technology for use in critical financial architecture, an attempt that resulted in repeated delays before it was shelved last year.

It also represents a more cautious approach: ASX will switch to the new software in stages, rather than the "big bang" changeover that its users considered risky. That will, however, take time, with the overhaul now expected to finish in 2029, some 13 years after it began.

India-listed TCS's software is used by exchanges around the world including in Finland and Canada for functions it would be expected to perform for ASX's Clearing House Electronic Subregister System, or CHESS, the Australian exchange said on Monday.

The failure also resulted in a A$176.3 million writedown and had shaken market participants' trust in ASX, the world's 17th biggest exchange that hosts companies worth a combined A$1.6 trillion ($1 trillion).

It also prompted the Australian Securities and Investments Commission (ASIC) to open an investigation into the exchange's disclosures about the project.

"This is an important decision by ASX but there is still a long way to go to deliver a CHESS replacement," ASIC Chair Joe Longo said in a statement.

"It will be critical for ASX to now focus on engaging with the market on the detailed design of the CHESS Replacement program with a realistic and achievable timeline for implementation," Longo added.

The ASIC statement did not mention the status of the investigation into ASX and an ASIC spokesperson was not immediately available for comment.

ASX shares were up 1.7% in afternoon trade. Analysts welcomed the project reset despite reservations.

"While this decision marks a positive strategic step forward for ASX, the lengthy implementation timeframe and lingering uncertainty over medium-term operating cost and capex implications continue to cloud the cost outlook," Jarden analysts said in a client note.

ASX said it expected the first stage of the new project, clearing software, to cost between A$105 million and A$125 million with delivery around 2026. The cost and timing of the settlement and other software will be decided in 2024.

($1 = 1.5366 Australian dollars)

Reporting by Byron Kaye in Sydney and Himanshi Akhand in Bengaluru; Editing by Edwina Gibbs

 

[AusEire]

Yep management sure are trying to influence the budgies here with there special little meetings of a few of the brainwashed,if they can keep them singing the can’t wait till next quarter song,maybe just maybe they may be able to convince investors that they should keep us on as I’m sure that’s the only reason. We’ll just maybe they were the only ones stupid enough to continue to listen to the bullshit without throwing their shoes at them(a form of great insult in some political circles). Ever week that goes by is’ not closer to an announcement,it closer to bankruptcy sack the bludgers I say should have happen last AGM. Except the agm was full of happy clappers,sheep

Are you ok? You sound upset! Would you like a cuddle?

 

[AusEire]

we are’nt talking about our top 20 holders now are we you know it and I know it,we’re talking about the select few on this website that are slipped privately information that other shareholders have not been informed of. To keep the flow of dot joining to know where, to string the unwise along to influence votes,

Could you name the select few you speak of? And could you point to the privately held information that was released by those said few on here to keep the flow of dot joining to nowhere( yes that is the correct spelling) going to string us all along?

 

[AusEire]

what are we not allowed to talk about the secret meeting our management had with a select few on this forum site anymore, oh SORRY we have swept that under the carpet already ,please forgive me.

Who said you weren't allowed to talk about it? Are you not telling us all how left out you feel? Didn't FF give you a full rundown of the meeting? Plenty of users on here talking about it. Some are happy, some couldn't care less, and some are really upset that they didn't get an invite. That's life unfortunately

 

[Perhaps]

My 2 cents on those meetings, just a different view.
Brainchip been a retail shareholders darling in the past. Still today the retail base is big.
That leads to this forum, driven by a handful of very active members from the beginning.
The TSEx Brainchip forum is really influential, guess all Brainchip discussions in the world copy & paste postings from here.
Daily dot joining and speculations, building icebergs, world domination tomorrow, led to the highest expectations of a retail base with in most cases a lack of understanding of the technology and industrial processes and timelines in general (this year products entered the market, which been developed and ready to go since 2018/2019).
To see this with the eyes of Brainchip, such an overactive retail base can be a real pain, but they can't be ignored as they still hold a lot of voting rights. Institutions and big investors act different, they do their analysis in front and have a much better idea about timelines. So for the satisfaction of the retail base Brainchip is forced to spread some candy from time to time to avoid a general bad mood is starting all over. The more important retail shareholders get a personal invitation for a meeting, makes them feel VIP, work done.
This is a long term investment, IP royalties need a large amount of sales to come close to a turnaround.
Just from a logical view it would be better to give some more time to Brainchip and don't do these daily speculations over and over again. But as this seems to be a fundamental hobby for some, the show will go on.

 

[Esq.111]

Galaxies mum be like View attachment 50010

Good Afternoon IIoveLamb ,

Too funny , winning post of the day from me.

Dam funny .

Regards,
Esq.

 

[IloveLamp]

Good Afternoon IIoveLamb ,

Too funny , winning post of the day from me.

Dam funny .

Regards,
Esq.

Awww thanks mate!

 

[cosors]

what are we not allowed to talk about the secret meeting our management had with a select few on this forum site anymore, oh SORRY we have swept that under the carpet already ,please forgive me.

So secret that we thankfully got all the information here.

 

[AusEire]

So secret that we thankfully got all the information here.

Sssshhhh it's a secret

 

[Frangipani]

Exactly we are boxed in with Arm "integrated" This is exactly why this slide shows the way it is! Drink on me @Frangipani for making me dance all weekend. I think I will copy and frame this slide and place into my Brainchip box of treasures.

Chère MDhere,

while I am glad to hear that my post contributed to you having had an exhilarating weekend, I honestly don’t deserve all that gratitude and will pass it on to @chapman89 instead, as I believe he was the first one who drew our attention to that slide in early October and also sought clarification from Rob Telson on its interpretation. All I did was to repost another screenshot of that slide along with the link to Zach Shelby’s presentation, to make others aware it is now online.

Cheers,
Frangipani

 

[Labsy]

Yep management sure are trying to influence the budgies here with there special little meetings of a few of the brainwashed,if they can keep them singing the can’t wait till next quarter song,maybe just maybe they may be able to convince investors that they should keep us on as I’m sure that’s the only reason. We’ll just maybe they were the only ones stupid enough to continue to listen to the bullshit without throwing their shoes at them(a form of great insult in some political circles). Ever week that goes by is’ not closer to an announcement,it closer to bankruptcy sack the bludgers I say should have happen last AGM. Except the agm was full of happy clappers,sheep

Honestly, you are tremendously invested emotionally. it can't be good for your mental and physical well being. It's so much easier to just sell your holding and move on, rather than ramble about "bullshit this" and "sack the bludges" that... Im exausted reading your garbage. The beauty of the stock market. It's liquid. Sell up pall and move on if you've got the balls. I dare ya.

 

[Easytiger]

I don’t know who was in the group. I am taking a stab at who it may have been and I don’t read all the posts here daily to keep up though.

Tbh BRN Investor Relations have confirmed recently that over 40+ companies were still actively engaged in either 1000 or 1500…before 2.0 was out. Some of those are not small companies so unless Investor relations are flat out lying then Brainchip have a lot of projects and partners underway.

I know lack of detail is highly frustrating for sure.

With that many engagements and MB not afraid to say they have Brainchip in their POC, some things has to give up revenue in time.

What I don’t get is if we have 40+ companies still actively engaged in either 1000 or 1500 and then 2.0 built based on customer feedback, then how can the response to the ASX speeding ticket say that the company is not aware of any information concerning the share price increase.

It appears that a whole bunch of stuff is happening and advancing to commercialise and at the same time nothing is happening.

How does this reconcile?

 

[Mazewolf]

Paper offers perspective on future of brain-inspired AI as Python code library passes major milestone

Four years ago, UC Santa Cruz's Jason Eshraghian developed a Python library that combines neuroscience with artificial intelligence to create spiking neural networks, a machine learning method that takes inspiration from the brain's ability to efficiently process data. Now, his open source code...

techxplore.com

New paper. Article mentions Discord and Slack channels discussing neuromorphic tech...

 

[Galaxycar]

no Need to argue,quiet like the gif myself, I’ll just wait till the day after the next AGM I’ll get to cuddle you all back positive of that fact as every day passes. Not long to wait for the last laugh. Tic toc

 

[BigDonger101]

Are people really this naïve lol?

As always, I do understand the frustration and patience wearing a bit thin...

I do think that half of the people who are complaining about things they have no control over, would also be complaining about any stock they held which was down. You're not the only people who are having a tough time in these market conditions lol.

Just to give you a few example of highs during the Covid boom to the current lows now... (Please note these are not intra-day highs. Only EOD rough estimate highs)

IMU: High: 60 cents Low: 3.9 cents Today: 8.9 cents - Down 85% from high to todays finish.
ZIP: High: 14 dollars Low: 25 cents Today: 41 cents - Down 97% from high to todays finish.
IBX: High: 23 cents Low: 1 cents Today: .8 cents - Down 96.5% from high to todays finish.
POD: High: 81 cents Low: 2.9 cents Today: 3.6 cents - Down 95.6% from high to todays finish.
VR1: High: 27 cents Low: 2.5 cents Today: 2.7 cents - Down 90% from high to todays finish.
PBH: High: 16 dollars Low: 68.5 cents Today: 76 cents - Down 95% from high to todays finish.
OIL: High: 44 cents Low: 7.2 cents Today: 10 cents - Down 77.3% from high to todays finish.
NVX: High: 12 dollars Low: 61.5 cents Today: 73.5 cents - Down 94% from high to todays finish.
VUL: High: 16 dollars Low: 2.05 dollars Today: 2.42 dollars - Down 85% from high to todays finish.
SZL: High: 420 dollars Low: 9 dollars Today: 14.7 dollars - Down 96.5% from high to todays finish.

BRN High: 2.10 dollars Low: 14.5 cents Today: 18.5 cents - Down 92% from high to todays finish. (Yes we had a $2.34 intraday high but did not close at $2.34 - Just clarifying before someone comments this.)

this is only to name a few. Bio-techs. BNPL's. Jr Explorers and technology. They all have one thing in common, all being speculative.

Any ways - It's been a tough time for investors in small caps over the past 3 years. Massive unrealised gains and massive unrealised losses. Thing do tend to change quite rapidly thou.

Rates have been increasing. Yields seem to not be slowing down and inflation doesn't help anyone.

Luckily for us, I really do believe small caps must be completely undervalued based on historic graphs and in contrast to the rest of the market.

My point is, majority of investors are all in the same boat, no matter which small cap speculative stock they have chosen in the past 2 1/2 years.

I have doubts like everyone. Then I logically think about the accomplishments from BRN in the past 2 years and feel more bullish than ever.

I see many bluechip companies talking specifically about SNN's and neuromorphic computing being the future. I'll happily take my chances as not many people know about this technology what so ever. Once the ship starts sailing it will be very hard to get cheap shares.

This talk of a second strike is also quite silly. It will only be more negative for everyone.

DYOR. This isn't financial advice.

Cheers.

 

[wilzy123]

what are we not allowed to talk about the secret meeting our management had with a select few on this forum site anymore, oh SORRY we have swept that under the carpet already ,please forgive me.

What's happening? Where am I? Who was that? What year is it?

 

[Humble Genius]

That's easy. ARM Helium is a vector extension of the instruction-set architecture and has nothing to do with any Akida IP.

Helium Technology

Arm Helium is a general-purpose vector extension that enhances compute performance of the Armv8-M architecture.

www.arm.com

Vector Extensions, Instruction-Set Architecture (ISA)

'Vector Extensions, Instruction-Set Architecture (ISA)' published in 'Encyclopedia of Parallel Computing'

link.springer.com

Thanks.

If only your name was Victor, I would've asked another question.