BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
TheDrooben
Pretty Pretty Pretty Pretty Good
You can also look at Genetic Technolgies (ASX GTG) a company which I held shares in about 10 years ago but sold out due to personal reasons (luckily)...they were looking at DNA pre-determined Breast Cancer diagnosis.......delisted and went to NASDAQ........diluted and diluted and now bought out for a song. You can also look at Tritium. Not saying this will happen to us............everyone is worried about the Chinese buying companies out cheap.......I worry that the US play even dirtier tactics to get want they want......hence my stance on a dual listing to start with
Pur guy… you must have a deep shock after this announcements… in Germany we are deep red as well ! It’s still the good old year 2025 Marty…
Pom down under
Top 20
Currently 4% down after opening close to 8%, would be surprised if we end up green in a few weeks time
The Pope
Regular
Looks like you need to have a serious chat with dickleboro as he is always on point.
GStocks123
Regular
A potential new parter- Complexio
Labsy
Regular
Nailed it
That's my hunch. Big NDA they don't want to risk breaking under our shit asx disclosure rules...
I think this is huge! There is no way we are ready for this unless.......
Here we go...this will seperate the big boys and girls from the the little cry babies ...
I push my chips all in and CALL !......
Nervous and exciting times ahead.... 🫣
DingoBorat
Slim
I understand why they need to get away from the "cloud" of ASX reporting requirements (in a good way) so can see why a Dual Listing, won't meet their objectives.
My biggest beefs, are that I don't want consolidation, or big dilution.
That seems assured, with a NASDAQ listing.
If it's going to be the New Texas Exchange, the TXSE (which is maybe premonitionarily close to TSEx
)That's potentially, a much, much, much, better outcome.
Maybe initial listing requirements of one USD?..
We have some substantial progress here, a bit of pressure on shorts, get the AUD price comfortably above $1.50, over the next 10 to 12 months..
The Company would be mad, to not take advantage of the listing, to raise additional capital for the home stretch, say 100 to 200 million additional shares, to well and truly shore up finances?
No consolidation and an after listing float of around 2 billion shares.
I'd be happy with that.
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Pom down under
Top 20
Nailed it
Big NDA they don't want to risk breaking under our shit asx disclosure rules...
I think this is huge! There is no way we are ready for this unless.......
Here we go...this will seperate the big boys and girls from the the little cry babies ...
I push my chips all in and CALL !......
Nervous and exciting times ahead.... 🫣
I would even go as far as to ask is management actually working for shareholders or ARM, Get the shares on the US Stock market,fail again for 3-6mths sorry shareholders we tried,but luckily ARM has offered you lucky shareholders a shitful price which we the board and our illustrious failure of a CEO of course approve,no ASX,NO government takeover approval required. THEFT another Aussie company stolen by the big boys. Ask yourself have you seen any evidence that the board and management have been working for shareholder.ABSOLUTELY none.
The Pope
Regular
Atleast you are persistent with the negative view points. Common mate, please stop. Anyone who knows where galaxycar lives please go around and give him a hug. Thanks in advance.
DingoBorat
Slim
Smells like someone's having an accident in their pants..
Ot Ohhh.. He better not sit down..
I dont mind the hugs Pope, But can you honestly say in the last three years where you have thought fuck the board and CEO know what their doing, they are doing a fantastic job.To me this is just another excuse to why they are failing,blaming the ASX now and our disclosure rule, remember those rule are meant and I do laugh,meant to protect shareholders from unscrupulous management and CEO’S they provide the checks and balances, supposedly The very thing our Board and management are saying they need to do, escape these checks and balances. I just hope that shareholders are starting to see that hey they are not working in our best interes.
Dingo I read one of your posts today didn’t sound as though you were so convinced either this was a good thing.Price is going one way and as I ve said before every time the board or Sean open their mouth the share price goes down. Remember if they take the share to the USA no more AGM’s in Australia no accountability to Australian shareholders try asking them a question then or asking for a explanation
JoMo68
Regular
I wonder whether with Trumps US centric plans, BrainChip needs to become a US company to get US contracts (especially sensitive government ones)
JoMo68
Regular
Snap!! I should have read your post first!
I will just paste what the company said about moving:
The key reasons influencing this decision are as follows:
1.
The US market is home to the world’s largest technology investment exchange and most of the world’s largest semiconductor and Artificial Intelligence (AI) companies. It provides access to a substantially larger and highly technologically sophisticated pool of potential investors on a global scale. US technology sector investors are generally more familiar with AI technology companies and have a deeper understanding of valuation methodologies for emerging technology companies like BrainChip.
2.
A US listing has the potential to be a positive revaluation and re-pricing catalyst for all existing BRN shareholders, exposing the Company to the possible entry of new US based technology investors, both institutional and retail, who have previously not been able or willing to invest in BrainChip due to company policies prohibiting foreign investment or other compliance related concerns.
3.
SEC disclosure rules provide greater protection for the Company and our customer’s commercially sensitive information, allowing BrainChip to conduct its commercial activities without the risk of being compelled to disclose confidential and commercially sensitive information that breach Non-Disclosure Agreements (NDA) signed with BrainChip’s customers, commercial ecosystem partners, and licensees thus removing a serious obstacle to commercial success.
4.
A simultaneous delisting from the Australian Securities Exchange (ASX) would reduce regulatory compliance, cost and disclosure obligations that exist in a dual-listed scenario. By pursuing a simultaneous US listing and delisting from the ASX, and the cancellation of the quotation on the OTCQX market and the ADR program, the intended result is a clean and simple transition from one exchange to another with minimal cost and without the regulatory and compliance obligations associated with being dual listed.
BrainChip Chairman, Antonio J. Viana said:
“The decision to explore a US listing was taken after considerable reflection and subject to rigorous Board debate and evaluation.
The Board unanimously believes this strategic decision is in the best interests of our shareholders, our employees, our partners and our existing and future licensees. It will elevate BrainChip’s value and profile on the world’s largest, most dynamic and technology-focused investment market.
In the event we move forward with redomiciling, I want to reassure our valued shareholders, the vast majority of whom are Australian retail investors, they will be able to buy, hold and sell shares of our new US parent company without restrictions once the US listing has taken effect.
I am confident this strategic decision is in the best interests and will be a catalyst for value, appreciation, and continued growth for our Company.”
This announcement is authorised for release by the BRN Board of Directors.
So there you have it!
Does it make any sense? Yes to me it does.
The key reasons influencing this decision are as follows:
1.
The US market is home to the world’s largest technology investment exchange and most of the world’s largest semiconductor and Artificial Intelligence (AI) companies. It provides access to a substantially larger and highly technologically sophisticated pool of potential investors on a global scale. US technology sector investors are generally more familiar with AI technology companies and have a deeper understanding of valuation methodologies for emerging technology companies like BrainChip.
2.
A US listing has the potential to be a positive revaluation and re-pricing catalyst for all existing BRN shareholders, exposing the Company to the possible entry of new US based technology investors, both institutional and retail, who have previously not been able or willing to invest in BrainChip due to company policies prohibiting foreign investment or other compliance related concerns.
3.
SEC disclosure rules provide greater protection for the Company and our customer’s commercially sensitive information, allowing BrainChip to conduct its commercial activities without the risk of being compelled to disclose confidential and commercially sensitive information that breach Non-Disclosure Agreements (NDA) signed with BrainChip’s customers, commercial ecosystem partners, and licensees thus removing a serious obstacle to commercial success.
4.
A simultaneous delisting from the Australian Securities Exchange (ASX) would reduce regulatory compliance, cost and disclosure obligations that exist in a dual-listed scenario. By pursuing a simultaneous US listing and delisting from the ASX, and the cancellation of the quotation on the OTCQX market and the ADR program, the intended result is a clean and simple transition from one exchange to another with minimal cost and without the regulatory and compliance obligations associated with being dual listed.
BrainChip Chairman, Antonio J. Viana said:
“The decision to explore a US listing was taken after considerable reflection and subject to rigorous Board debate and evaluation.
The Board unanimously believes this strategic decision is in the best interests of our shareholders, our employees, our partners and our existing and future licensees. It will elevate BrainChip’s value and profile on the world’s largest, most dynamic and technology-focused investment market.
In the event we move forward with redomiciling, I want to reassure our valued shareholders, the vast majority of whom are Australian retail investors, they will be able to buy, hold and sell shares of our new US parent company without restrictions once the US listing has taken effect.
I am confident this strategic decision is in the best interests and will be a catalyst for value, appreciation, and continued growth for our Company.”
This announcement is authorised for release by the BRN Board of Directors.
So there you have it!
Does it make any sense? Yes to me it does.
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