BRN Discussion Ongoing

MDhere

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HopalongPetrovski

I'm Spartacus!
Hi DB
LDA Capital receive a flat 8.5% of every dollar worth of shares sold.

If the dell one share for a dollar they receive 8.5 cents.

If they sell ten shares at 10 cents which equals a dollar they receive 8.5 cents.

If Brainchip wants to raise $1.00 and the current share price is one cent they give LDA enough shares to sell that based on current price expectations it will achieve this outcome. So 100 shares plus for safety sake another 10 shares to cover the 8.5% commission.

One dollar ten cents less 8.5% which is 9.35 cents leaving Brainchip with just over $1.00.

My opinion only DYOR
Fact Finder
Thanks for that explanation FF.
I had been under the impression it was a more complicated scenario.
It then appears that whenever LDA are selling BRN shares it would tend to have a depressing effect on the share price as they have no incentive to hold in expectation of a higher price such as a retail or corporate investor might be inclined to do?
I understand that the Company needs to raise capital from time to time and I suppose this is a relatively easy and cheaper method for them rather than a traditional credit raising from their existing share holders and the broader market.
I expect too that any suppressive effects on the share price will also tend to be short lived.
Are you happy with the present LDA arrangement?
From memory the last time they held a CR it was well subscribed?
I certainly took advantage at the time and applied for and received some above my allotment.
That too had a somewhat short term depressing effect on the share price but not long after it took off.
 
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7für7

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It now makes sense that LDA has sold. I had previously included LDA as an investor, which is, of course, incorrect. LDA operates based on different interests. My mistake! Additionally, the shares have now moved into other portfolios.
 
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Thanks for that explanation FF.
I had been under the impression it was a more complicated scenario.
It then appears that whenever LDA are selling BRN shares it would tend to have a depressing effect on the share price as they have no incentive to hold in expectation of a higher price such as a retail or corporate investor might be inclined to do?
I understand that the Company needs to raise capital from time to time and I suppose this is a relatively easy and cheaper method for them rather than a traditional credit raising from their existing share holders and the broader market.
I expect too that any suppressive effects on the share price will also tend to be short lived.
Are you happy with the present LDA arrangement?
From memory the last time they held a CR it was well subscribed?
I certainly took advantage at the time and applied for and received some above my allotment.
That too had a somewhat short term depressing effect on the share price but not long after it took off.
Hi HP
If I had my preference I would have companies be required to go to existing shareholders first on every capital raise.

As you will recall despite the fact you and I took up the opportunity the last time Brainchip included shareholders it was not fully subscribed. I would think that given current economic conditions it would be the same today unfortunately.

Moving on to LDA Capital I like it because Brainchip gets to set a minimum sale price.

When Institutional raises take place they usually get a significant discount to the market price and so can sell at or below market and still make substantial profit. This selling can continue for quite some time artificially suppressing the price.

Worse still these institutions can decide not to sell but to immediately lend to short sellers. You know what happens then.

Whereas a term of the LDA Capital agreement is that they cannot lend the shares to short sellers.

So on balance LDA Capital’s business model is definitely better for companies and retail shareholders.

My opinion only DYOR
Fact Finder
 
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HopalongPetrovski

I'm Spartacus!
Hi HP
If I had my preference I would have companies be required to go to existing shareholders first on every capital raise.

As you will recall despite the fact you and I took up the opportunity the last time Brainchip included shareholders it was not fully subscribed. I would think that given current economic conditions it would be the same today unfortunately.

Moving on to LDA Capital I like it because Brainchip gets to set a minimum sale price.

When Institutuonal raises take place they usually get a significant discount to the market price and so can sell at or below market and still make substantial profit. This selling can continue for quite some time artificially suppressing the price.

Worse still these institutions can decide not to sell but to immediately lend to short sellers. You know what happens then.

Whereas a term of the LDA Capital agreement is that they cannot lend the shares to short sellers.

So on balance LDA Capital’s business model is definitely better for companies and retail shareholders.

My opinion only DYOR
Fact Finder
Thank you for your thoughts and explanation.
Yes, I have seen how the share price often falls to the CR price and sometimes significantly lower and have also seen shorter's exploiting perceived weakness. Think recent IMU CR which was also undersubscribed.
Good to know the Company sets a minimum sale price as well with LDA and so has more control of the process.
Again, thank you for spelling it out in layman's terms and hopefully we will be revenue positive soon eliminating the necessity for further routine raisings.
 
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IloveLamp

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🤔 odd......

Sells RENESAS......buys BRN? 😆🤔😃🤔

Screenshot_20240129_175508_LinkedIn.jpg
 
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rgupta

Regular
Hi HP
If I had my preference I would have companies be required to go to existing shareholders first on every capital raise.

As you will recall despite the fact you and I took up the opportunity the last time Brainchip included shareholders it was not fully subscribed. I would think that given current economic conditions it would be the same today unfortunately.

Moving on to LDA Capital I like it because Brainchip gets to set a minimum sale price.

When Institutional raises take place they usually get a significant discount to the market price and so can sell at or below market and still make substantial profit. This selling can continue for quite some time artificially suppressing the price.

Worse still these institutions can decide not to sell but to immediately lend to short sellers. You know what happens then.

Whereas a term of the LDA Capital agreement is that they cannot lend the shares to short sellers.

So on balance LDA Capital’s business model is definitely better for companies and retail shareholders.

My opinion only DYOR
Fact Finder
Thanks for the insights FF. But the other things to consider here is there is a lot of retail shareholders. Unless institutions are interested and make a position it will be difficult to go directly to the the retail share holders.
So LDA is getting good benefit out of equation here.
 
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MDhere

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Thanks for the insights FF. But the other things to consider here is there is a lot of retail shareholders. Unless institutions are interested and make a position it will be difficult to go directly to the the retail share holders.
So LDA is getting good benefit out of equation here.
What im thinking is brainchip won't call on this until late very late 2024 when its in their best interest less shares for the money. My thoughts and my thoughts only as I am one person 🤣
 
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TheFunkMachine

seeds have the potential to become trees.
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Draed

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What's with the multiple BNP's and Certaine's? Same company? Different acounts? Can buy and sell to themselves? Influencing which way they want the market to go?
 
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7für7

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Is it just me or has former CEO Louis Dinardo sold his shares? Anyways I like the look of this top 20 list. Wish I was on it… 😅
I’m not very familiar with this topic but as I remember from the past (really long time ago)
The regulations for CEOs leaving the company depend on various factors, including corporate policies, contractual agreements, and legislation. In many cases, there are specific rules and lock-up periods governing the sale of shares by former executives.

There are also lock-up periods during which former CEOs are restricted from selling shares after leaving the company. This is designed to prevent conflicts of interest and ensure that former executives do not immediately profit from insider information.

Sorry if there is a grammatical error… I made google translate 😂

Maybe here is something interesting about it

https://www.upstock.io/post/what-happens-to-my-rsus-if-i-resign-read-this-before-quitting-your-company#:~:text=Usually%2C%20you'll%20lose%20all,nothing%20for%20those%20unvested%20units.

Edit sorry I forgot to translate

In terms of "Restricted Stock Agreements" there may be clauses requiring the former CEO to surrender or sell certain stocks.

These clauses aim to protect the interests of the company and ensure that the former CEO does not act in a way that could harm the company. For example, such agreements might stipulate that specific stock options must expire or be returned if the former CEO fails to meet certain conditions.

The exact terms depend on negotiations between the former CEO and the company.
 
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suss

Regular
Is it just me or has former CEO Louis Dinardo sold his shares? Anyways I like the look of this top 20 list. Wish I was on it… 😅
I also queried this, had a look and he dropped off from the 24/10/23 list. Attached is page 2 from 22/07/23

1706525369990.png
 
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Terroni2105

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Diogenese

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Is it just me or has former CEO Louis Dinardo sold his shares? Anyways I like the look of this top 20 list. Wish I was on it… 😅
Hi TFM,

When LdN dropped off, didn't someone spot one of those nominee accounts for the same number of shares?
 
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Frangipani

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Here is yet another puzzle piece primarily aimed at those doubting that carmakers see huge potential in neuromorphic technology and believing that Mercedes Benz’s implementation of Akida in the Vision EQXX project car’s voice control system was just a one-off experiment (it certainly would have helped if Markus Schäfer had meanwhile followed up with his promised second In The Loop blog entry on neuromorphic computing).

I happened to come across a weekly podcast series by German national newspaper Frankfurter Allgemeine Zeitung - aka FAZ - called “D:Economy”, featuring current topics relating to digitalisation and technology.

The podcast’s guest in episode 286 (Dec 1, 2023) was Prof. Steven Peters, who - as you may recall - was the founder and Head of AI Research at Mercedes from 2016-2022, overseeing the Vision EQXX concept car project, before returning to the world of academia full-time; he is now Professor for Automotive Engineering at TU Darmstadt. The podcast centred around autonomous driving, and the interviewee was asked for his assessment of the progress made so far.


https://www.faz.net/podcasts/f-a-z-...men-fahren-wirklich-herr-peters-19354415.html


There was one specific passage (from 3:07 min) that I would like to share with you all. After podcast host Alexander Armbruster had introduced his guest, they briefly talked about Steven Peters’ role as MB’s former Manager of AI Research. The latter said that his team had tried to develop and implement ML tools everywhere in the company where they deemed it to be of added value (he listed aerodynamics, user experience, chassis analysis), and when asked about an example of a specific project, he referred to AI-generated routines as an example of how AI features his team had “vorgedacht” found their way into the new E-Class. [The verb used here, vordenken, derives from the German noun Vordenker (= forward thinker) and has a very positive pioneering, innovative and visionary connation].

Steven Peters then went on to say the following:
(First a verbatim transcription of the German original, followed by a teamwork translation by DeepL & myself):


Steven Peters: “Wir haben außerdem sehr viele Themen begleitet, die jetzt auch gerade ‘nen sehr sehr großen Hype auslösen, sag’ ich mal - das ist alles, was mit Energieeffizienz und KI zu tun hat. Wir haben das in dem Projekt Vision EQXX damals auch demonstrieren dürfen: Da haben wir die Sprachbedienung erstmalig - nach unserer Kenntnis erstmalig - auf einem neuromorphischen Chip umgesetzt, d.h., der läuft extrem energieeffizient - im Prinzip hat er die gleiche, vor Kunde die gleiche [? etwas unverständlich, evtl. meinte er für den Kunden?] Funktion, es ändert sich gar nichts, nur es läuft eben viel energieeffizienter ab. Jetzt ist die Sprachbedienung keine große Energiesenke in dem Auto, aber es war ein Use Case, an dem man mal zeigen konnte, dass es geht, und unser großes Ziel jetzt - auch in meiner wissenschaftlichen Forschung an der TU Darmstadt - ist, für sicherheitsrelevante Themen, wie jetzt z.B. die Perzeption - die Objekterkennung beim automatisierten Fahren - auf solchen Chips, mit solchen neuronalen Netzen auch eben energieeffizienter zu machen. Und dann sind wir wirklich in einer hochsicherheitsrelevanten, offensichtlich hochsicherheitsrelevanten Anwendung, und das ist noch ‘ne, ‘ne harte Nuss.”

Alexander Armbruster: “Ist Mercedes da eher hinten dran oder vorne mit dabei? Es gibt ja amerikanische Konzerne, die, ähm, zugegeben auch viel mehr Marketing machen, auch bei viel kleineren Schritten sehr große Ankündigungen zum Teil machen, damit aber, wenn man es so vergleicht, ist Waymo, ähm, ist Waymo weit vorne oder fährt‘s mit Daimler auf derselben Höhe ungefähr, oder…?”

Steven Peters: “Also, ich würde tatsächlich sagen, dass Waymo weltweit führend ist, und Waymo benimmt sich, ähm, im positiven Sinne wie ‘ne Universität. Also die, die forschen sehr sehr viel, auch in der Grundlagenforschung, veröffentlichen auch einiges, und das ist wirklich beeindruckend. Und mir wäre jetzt kein vergleichbares Unternehmen bekannt, das in dieser Tiefe und in dieser Ernsthaftigkeit und mit so einem langen Atem dieses Thema erforscht und vorantreibt. Von daher glaub’ ich, sind die zu Recht auf Platz 1, muss man glaub’ ich so sagen. Unsere deutschen sind aber allesamt, äh, jetzt nicht irgendwie abgehängt oder weit dahinter - der Anwendungsfall ist nur ‘n anderer. Und wir sehen das ja - Mercedes war der erste jetzt in Deutschland, BMW ist jetzt gefolgt - mit dem sogenannten Level 3-System; das ist nicht ganz so viel, wie die Robotaxis von Waymo, die in San Francisco jetzt seit wenigen Monaten auch kommerziell im Einsatz sind, aber es ist [sic!] auch weltweit hier die ersten, die an private Kunden solche Fahrzeuge ausliefern, wo ich unter ganz engen, definierten Szenarien als Fahrender wirklich die Hände auch vom Lenkrad nehmen darf und auch die Verantwortung ans Fahrzeug übergebe, d.h. ich darf dann wirklich in diesen Szenarien, wenn das Fahrzeug übernommen hat, z.B. die FAZ lesen.“





Steven Peters: “In addition, we were involved in a lot of topics that are currently generating a lot of hype, I'd say - everything that has to do with energy efficiency and AI. We were also able to demonstrate this in the Vision EQXX project: we implemented voice control on a neuromorphic chip for the first time - to our knowledge for the first time - which means it runs extremely energy-efficiently. In principle it has the same, … [? somewhat incomprehensible in the original, perhaps he meant for the customer?] function, nothing changes at all, it just runs much more energy-efficiently. Now, voice control is not a major energy sink in the car, but it was a use case that showed it works, and our big goal now - also in my scientific research at TU Darmstadt - is to make safety-relevant topics, such as perception - object recognition in automated driving - more energy-efficient on such chips, with such neural networks. And then we will really be in a highly safety-relevant, obviously highly safety-relevant application [more freely translated “we’ll be dealing with…”], and that is still a tough nut to crack.”
[Highly safety-relevant is the literal translation of the adjective hochsicherheitsrelevant, which Steven Peters uses in the German original; I‘d be inclined to use the English translation safety-critical here, but I am not sure whether those two terms would be equivalent in automotive tech speak]


Alexander Armbruster: “Is Mercedes at the back of the pack or in front? There are American companies that, um, admittedly do a lot more marketing, make some very big announcements, even with much smaller steps, but if you compare it like this, is Waymo, um, is Waymo far ahead or is it roughly on the same level with Daimler...?”

Steven Peters:
“Well, I would actually say that Waymo is the global leader, and Waymo behaves, um, like a university in a positive sense. They do a lot of research, including basic research, and they also publish a lot, and that's really impressive. And I'm not aware of any comparable company that is researching and advancing this topic in such depth and with such seriousness and staying power, so I think it is fair to say they are deservedly the number one. But our German companies are all, er, not somehow left behind or far behind - the use case is just a different one. And we can see that - Mercedes was the first in Germany, BMW has now followed - with the so-called Level 3 system, which is not quite as advanced as Waymo's robotaxis, which have now been in commercial use for a few months in San Francisco, but it [sic!] is also the first in the world to deliver such vehicles to private customers, in which I as the driver can really take my hands off the wheel under very narrow, defined scenarios and also hand over legal responsibility [liability?] to the vehicle, i.e. in these scenarios, once the vehicle has taken over, I [as the person in the driver’s seat] am actually [legally] permitted to read the FAZ, for example."


So here is my take on our relationship with Mercedes:

While no specific neuromorphic company gets mentioned in the podcast, we know for a fact that it was Akida he is referring to when he talks about the voice control implementation on a neuromorphic chip in the Vision EQXX concept car.

And we just heard it practically from the horse’s mouth (even though Steven Peters is no longer employed by MB) that voice control will not remain the only application to be optimised by neuromorphic technology. Automotive companies have definitely set their eyes even on highly safety-relevant vision applications, too (pun intended). However, it may take a little longer than a lot of us BRN shareholders envisage before neuromorphic chips will be implemented ubiquitously in cars (“… that is still a tough nut to crack.”)

Although we cannot be 100% sure that Mercedes is going to utilise Akida in the future (as opposed to other neuromorphic tech) - unless we get an official announcement - chances are they will stick with the commercially available tried and tested, and the recent reveal by former Brainchip ML intern Vishnu Prateek Kakaraparthi that @Pom down under had discovered is evidence of continued interest in cooperation between MB and Brainchip until at least August 2023.

ECECEC59-CCF7-4456-88DF-BBFCA9ED03C8.jpeg



Note that the wording is “positioning for potential project collaboration with Mercedes”, so the way I read it this is no proof of present collaboration, even though other posters have claimed so. To me, it sounds more like MB wants to compare two or more neuromorphic solutions before making a final decision, although that of course begs the question of who could be the potential competition. Last year, Markus Schäfer mentioned both Brainchip and Intel as leading developers in the field in his first In the Loop blog entry. But how does that align with Loihi not being ready for commercialisation for another few years? 🤔

As for the recent CES Rob Telson interview: Yes, he mentions smart cabin features announced by “companies like Mercedes”, but stops short of claiming that it is indeed Brainchip’s technology enabling Mercedes to do what they are promoting. IMO this is no proof either that Mercedes is still a customer.

So while I am convinced that MB (and other carmakers) will implement neuromorphic tech into their future cars and I am optimistic about a continuing collaboration between MB and Brainchip for various reasons (eg as the Mercedes logo continues to be shown on Brainchip’s website under “You’re in good company”), I wouldn’t say it is 100% certain from what we know so far, and I don’t think it is fair to insult people who question the claim made by some that it is or who state they believe the lead times are much longer than what some posters here wish for.
 
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Diogenese

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In 2022, TATA collectively filed over 60 patent applications including NNs for a wide variety of applications.

This one is for ultrasonic detection of hand gestures and uses CNN2SNN conversion:

US2023325001A1 ACOUSTIC SYSTEM AND METHOD BASED GESTURE DETECTION USING SPIKING NEURAL NETWORK 20220409

1706534013856.png



This one is from 2021, and omits the CNN step:

EP4170382A1 SYSTEM AND METHOD FOR ACOUSTIC BASED GESTURE TRACKING AND RECOGNITION USING SPIKING NEURAL NETWORK 20211024

1706534542214.png




This one is for cardio:

EP4292535A1 IDENTIFYING CARDIAC ABNORMALITIES IN MULTI-LEAD ECGS USING HYBRID NEURAL NETWORK WITH FULCRUM BASED DATA RE-BALANCING 20220617

1706534084740.png
 
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In 2022, TATA collectively filed over 60 patent applications including NNs for a wide variety of applications.

This one is for ultrasonic detection of hand gestures and uses CNN2SNN conversion:

US2023325001A1 ACOUSTIC SYSTEM AND METHOD BASED GESTURE DETECTION USING SPIKING NEURAL NETWORK 20220409

View attachment 55506


This one is from 2021, and omits the CNN step:

EP4170382A1 SYSTEM AND METHOD FOR ACOUSTIC BASED GESTURE TRACKING AND RECOGNITION USING SPIKING NEURAL NETWORK 20211024

View attachment 55508



This one is for cardio:

EP4292535A1 IDENTIFYING CARDIAC ABNORMALITIES IN MULTI-LEAD ECGS USING HYBRID NEURAL NETWORK WITH FULCRUM BASED DATA RE-BALANCING 20220617

View attachment 55507
Interesting you mention that patent as sounds just like what Lumenci thought was interesting too :unsure:


In addition to this, we also expect many startups, cross-domain partnerships, IP licensing, mergers, acquisitions, etc., between organizations to utilize the advantages of neuromorphic computing. One such interesting case is the partnership between BrainChip and TCS for intelligent human gesture recognition.


 
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