BRN Discussion Ongoing

[Fullmoonfever]

This link should answer questions for interested parties. www.listingcenter.nasdaq.com View attachment 78272

There is also the SPAC path of which I'm not sure if that would or wouldn't work for them.

https://www.nasdaq.com/solutions/listings/markets/americas/ways-to-list/spac

 

[Luppo71]

Off the bat, I don't approve

Could be a lot of people feel the same if Australian Super is a no go with investing in a US company of this size.
Mine is on a couple etf's. i think.
1/4 of my investment gone in a wink.

 

[Guzzi62]

Likely a good move for the future of the company.

Some kind of reverse split is necessary to do that, we are currently on the US OTC at app 18 US cent a share.

OTC is a bad place to be, no institutions buy OTC stocks and no analysts cover them.

In order to get on Nasdaq, I think an SP of $5 is minimum requirement: Jeez, a split of 30/1 in order to get over 5 bucks a share.

So if I am correct, and they do it, we can divide our shares with 30 to see what you will end up with.

I don't know if above is correct or not, please do your own DD.

I think they should do it, I will support the management in this.

 

[Diogenese]

Would the listing be on the Nasdaq? Are we supposed to have revenue before then?

You've said the quiet part ... maybe the board doesn't know that bit, or ...

 

[Smoothsailing]

If I were to speculate, perhaps they have secured a deal involving the U.S. military, or big corporate and remaining listed on the ASX would require disclosures that they’d prefer to avoid under its rules..? Lol...

Otherwise such a random timing....

I agree it feels like the USA Defence force has a BIG play with BRN moving forward.
I would not be surprised if Elon and Trump will be involved at some point in our future.
Go Brainchip

 

[7für7]

what if they do reverse split to get the share price up? This would be a pain in the a… for many small retail investors… they would lose money and shares … I really don’t know how they could reach the higher share price. 🫥

 

[equanimous]

Looks like we're going to need to set up a GoFundMe site for the shorters.

they can go to centrelink

 

[manny100]

I think its a good move to list in the US. I think it likely means that we are expecting to see an accelerated pick in news concerning engagements coming to fruition.
I think long term it will be very good for the company and its growth.. .. and our wealth.
Now we know why they organised the LDA funding.
Probably the reason Anil Mankar sold the shares? Not sure of the Tax position.
I am very positive about this.

 

[Diogenese]

Well, that's one way to get everybody off talking about the lack of revenue.
Guess it was inevitable that we'd be shifting to USA.
Probably where we belong.
I guess I'd just hoped it would have been through acquisition after a healthy bidding war made us all rich.
Not crazy about a consolidation in the meantime to jack our price up to a marketable level though.
Sure hope we get some share price appreciation in the interim so as to make selling off my holdings in retail super worthwhile.
Anyway, glad they are giving us all some warning, although probably only a couple of months to consider as assume this will need to be voted for at the AGM?

Consolidation does not change the proportion of the company you own. In theory, the SP should increase by the same multiplier as the divisor of the number of shares.

So, true, it does open the door for lower SP, but the Board's thinking is they have been casting pearls before swine for the last 2 years for no result on the ASX, whereas the NYSE can make a necklace ...

 

[Diogenese]

Do Australian super companies let you invest in overseas companies or is everyone fxcked on that front.
I like the idea but tricky.
Thinking they have something up their sleeve before we go.

Antinio Vianna assured SHs that they will continue to be able to buy, hold, or sell, but didn't say how that will work.

 

[7für7]

I think its a good move to list in the US. I think it likely means that we are expecting to see an accelerated pick in news concerning engagements coming to fruition.
I think long term it will be very good for the company and its growth.. .. and our wealth.
Now we know why they organised the LDA funding.
Probably the reason Anil Mankar sold the shares? Not sure of the Tax position.
I am very positive about this.

Sure it’s positive but what will happen to the shares of so many retail investors? Somehow it’s not clear to me to be honest . Also because it’s the first time I face such a situation!

 

[DingoBorat]

I think its a good move to list in the US. I think it likely means that we are expecting to see an accelerated pick in news concerning engagements coming to fruition.
I think long term it will be very good for the company and its growth.. .. and our wealth.
Now we know why they organised the LDA funding.
Probably the reason Anil Mankar sold the shares? Not sure of the Tax position.
I am very positive about this.

You're very positive about your Future gains in the Company's success, being reduced by orders of magnitude, due to vastly reduced leverage?..

A Dual Listing, with the current float, is the only thing I'd be personally happy with here and that requires Time, for the Company to mature.

It's the difference between making some money and becoming incredibly nouveau riche.

 

[7für7]

Today we are all like “what’s happening? What’s going on.. “

Tomorrow morning they will drop a big announcement about a BILLION DOLLAR CONTRACT…..BAAAAAAAAAM

 

[Cardpro]

they can go to centrelink

I might line up soon

 

[Cardpro]

Today we are all like “what’s happening? What’s going on.. “

Tomorrow morning they will drop a big announcement about a BILLION DOLLAR CONTRACT…..BAAAAAAAAAM

Yes plz!!!!!!!!!!!

 

[DingoBorat]

Consolidation does not change the proportion of the company you own. In theory, the SP should increase by the same multiplier as the divisor of the number of shares.

So, true, it does open the door for lower SP, but the Board's thinking is they have been casting pearls before swine for the last 2 years for no result on the ASX, whereas the NYSE can make a necklace ...

"Consolidation does not change the proportion of the company you own. In theory, the SP should increase by the same multiplier as the divisor of the number of shares"

That statement is simply not True in practice Diogenese, due to things like Leverage, Supply and Demand and the fact that this would likely result in the issuance of new shares (for the necessary liquidity, if nothing else) with the proportion of "old shareholders" pushed to the side.

That's why Tony Dawe, is aware that anything other than a Dual Listing, with the current float, is a Betrayal of existing shareholders.

 

[schuey]

Today we are all like “what’s happening? What’s going on.. “

Tomorrow morning they will drop a big announcement about a BILLION DOLLAR CONTRACT…..BAAAAAAAAAM

I may be crazy but I'm thinking along the same lines......something big to come soon

 

[perceptron]

I have always wanted to own a technology stock in the US. Maybe a new thread should be created?

 

[Worker122]

Atlassion moved over some time ago, it worked out for them,I’m ok with the idea.

• Atlassian's founders, Mike Cannon-Brookes and Scott Farquhar, originally incorporated the company in Australia in 2002.
  
  
• In 2014, Atlassian redomiciled to the UK to prepare for an initial public offering (IPO).
  
  
• In 2015, Atlassian debuted on the Nasdaq stock exchange.
  
  
• In 2022, Atlassian redomiciled back to the United States.
  
  
• The company believes the redomiciliation will:
  • Increase access to investors
    
    
  • Support inclusion in additional stock indices
    
    
  • Improve financial reporting comparability
    
    
  • Streamline corporate structure
    
    
  • Provide more flexibility in accessing capital

 

[Cardpro]

W

Atlassion moved over some time ago, it worked out for them,I’m ok with the idea.

• Atlassian's founders, Mike Cannon-Brookes and Scott Farquhar, originally incorporated the company in Australia in 2002.
  
  
• In 2014, Atlassian redomiciled to the UK to prepare for an initial public offering (IPO).
  
  
• In 2015, Atlassian debuted on the Nasdaq stock exchange.
  
  
• In 2022, Atlassian redomiciled back to the United States.
  
  
• The company believes the redomiciliation will:
  • Increase access to investors
    
    
  • Support inclusion in additional stock indices
    
    
  • Improve financial reporting comparability
    
    
  • Streamline corporate structure
    
    
  • Provide more flexibility in accessing capital

Well their revenues were in 100s of millions with many many customers, we have less than half a million ;(

Legit wth, development services revenue of 190,903.5

prob less than 1 engineer's salary... or just enough...