BRN Discussion Ongoing

[db1969oz]

Well, it's stopped everyone talking about the crap results and the capital call!! This investment has really postponed my early retirement indefinitely!! I'm starting to dislike Brainchip!!

 

[Smoothsailing]

Well, it's stopped everyone talking about the crap results and the capital call!! This investment has really postponed my early retirement indefinitely!! I'm starting to dislike Brainchip!!

The old saying goes if you don’t like it stop doing it and move on to something you do like.

 

[perceptron]

I was thinking exactly the same @JoMo68 Maybe get some of those Ai handouts $$$$$$$$$$

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But also just want this transition ( if voted for) is going to be as quoted !!

"and ensure that existing shareholders continue to hold securities listed on the US exchange, equivalent in value to their existing ASX listed stock (BRN)".



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I personally think a NASDAQ (Or other) listing is the way forward for BRN and will bring more future wealth to us shareholders as the US will bring so much more exposure and mix it up with 'The Big boys of the world'! The ASX will always keep us heavily restricted IMO!



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(As long as we don't lose out with the consolidation!!)


Oh well we will have to wait this out and see what eventuates!!!!

Good luck to us all ....

The real AI/statistical/machine learning careers are abroad. Makes sense to move where it is and will be happening moving forward. Unfortunately, the IP is not a new energy efficient mining shovel......... Edge AI, never heard of it.

 

[db1969oz]

The old saying goes if you don’t like it stop doing it and move on to something you do like.

That ship sailed, old bean. It's all or nothing now!!

 

[Learning]

This a brutal, we all just lost 50% of value of our BRN investment within this week.

Learning

 

[CWP]

Is there any US law in place to stop the BOD issuing say 50%+ more SOI (in the new company) to US sophs ? This would be the cheapest way for another party to effectively own half the company’s IP for a minuscule value. The whole thing is fraught with risk to LTH.

 

[GingerRogers]

Nice announcenent to concider by the way... I see more advantages than disadvantages. But like to see a big IP deal much more...


To qualify for a Nasdaq IPO, companies must meet specific financial, governance, and disclosure criteria. Here are the key requirements:

Financial Requirements

- Stockholders' Equity: Minimum of $5 million (for Nasdaq Capital Market) or $15 million (for higher tiers)[1][3][5].

- Market Capitalization: At least $50 million or $75 million, depending on the listing standard[1][5].

- Public Float: Minimum of 1 million publicly held shares[3][5].

- Share Price: Minimum bid price of $4 per share (exceptions exist for lower prices under specific conditions)[3][8]. (e.g. a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.)

- Operating History: At least two years for some standards[1][5].


Corporate Governance

- A majority of independent directors on the board[1].

- An audit committee meeting Nasdaq standards[1].

- Compliance with SEC reporting requirements[3].


Shareholder and Market Maker Requirements

- At least 300 round lot shareholders (100 shares or more)[3][7].

- A minimum of three market makers[3].

Other Requirements
- Filing regular reports with the SEC and adhering to Nasdaq's disclosure rules[1][8].

- Payment of application and listing fees ranging from $50,000 to $295,000 depending on the number of shares listed[3].

Companies must meet at least one of Nasdaq's listing standards and complete the application process, including submitting financial and corporate governance documentation.

Sources:
[1] Listing Requirements for a Nasdaq IPO: What Companies Need to ... https://srfc.law/nasdaq-ipo-requirements/
[2] Rules | The Nasdaq Stock Market https://listingcenter.nasdaq.com/rulebook/nasdaq/rules
[3] What Are the Listing Requirements for the NASDAQ? - Investopedia https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
[4] New NYSE and Nasdaq Listing Requirements https://www.bipc.com/new-nyse-and-nasdaq-listing-requirements
[5] NASDAQ Listing Requirements | Colonial Stock Transfer https://www.colonialstock.com/nasdaq-listings.htm
[6] Rules | The Nasdaq Stock Market https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5200-series
[7] Nasdaq Capital Market (Nasdaq-CM): Definition and Requirements https://www.investopedia.com/terms/n/nasdaq-smallcap-market.asp
[8] Principal listing and maintenance requirements and procedures https://resourcehub.bakermckenzie.c...g-and-maintenance-requirements-and-procedures
[9] [PDF] Nasdaq Permits Primary Direct Listings and Proposes Relaxation of ... https://www.skadden.com/-/media/fil...mitsprimarydirectlistingsandproposesrelax.pdf

If they need to meet a $4 /share requirement, I believe me, like many others here, will be left with very few shares in the company relative to now. Great move for the company, very bad move for me, and for many here, I suspect.

 

[Mea culpa]

The old saying goes if you don’t like it stop doing it and move on to something you do like.

Reminds me of an old girlfriend, but I'm sticking with the one I've had for the past seven years, even though I'm in a bit of a quandary with her at the moment.

 

[ndefries]

If they need to meet a $4 /share requirement, I believe me, like many others here, will be left with very few shares in the company relative to now. Great move for the company, very bad move for me, and for many here, I suspect.

if they do this everone still has the same size piece of the pie. Whether i have 200 shares that equals half or 4 shares that equal half who cares. It is if they do a capital raise at low prices that existing holders are not participating in that could be the problem. i want them to take on a large partner as an investor also that would be ideal if nvidia entered the top 20 for example.

 

[DK6161]

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Please don't tell me you are buying some more, old chap?

 

[spookymulder]

IMO This is very good news for the long sighted but not so good for the short sighted. Onwards and upwards BRN. Being listed in the right place at the right time is half of the battle.

 

[MDhere]

If they need to meet a $4 /share requirement, I believe me, like many others here, will be left with very few shares in the company relative to now. Great move for the company, very bad move for me, and for many here, I suspect.

Perhaps also think of it as it could reach $4 without the split. We are talking months and months and months away. Remember when Mercedes announced their involvement with Akida this took less then a couple weeks to get past $2.

 

[Labsy]

Call me crazy, and definitely take my advice with a grain of salt, as those who have been reading my contributions over the last 4 years or longer on both forums would know that I er on the risky side and am a little less influenced with volatility than most here....but.... I plan on buying a shit load more if this drops lower, especially if we are moving to the US....

 

[buena suerte :-)]

Call me crazy, and definitely take my advice with a grain of salt, as those who have been reading my contributions over the last 4 years or longer on both forums would know that I er on the risky side and am a little less influenced with volatility than most here....but.... I plan on buying a shit load more if this drops lower, especially if we are moving to the US....

Thinking the same Labsy...." I plan on buying a shit load more"

 

[7für7]

What ever happen, happened or will happen with the shareprice…. We are just a plaything of the situation… and as I can see , the downrampers swapped over from crapper… STFU

 

[GazDix]

Top 20 list as at 11 February 2025 is on page 82 of the annual report.


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Thanks for sharing Hop.

Although I don't have time to analyze this just yet, 'Linping Fu' is a newcomer that has blasted into 11th position.
This could be a soph or retail investor as it is a Chinese name and Chinese companies rarely use names for their businesses.

 

[MDhere]

Thanks for sharing Hop.

Although I don't have time to analyze this just yet, 'Linping Fu' is a newcomer that has blasted into 11th position.
This could be a soph or retail investor as it is a Chinese name and Chinese companies rarely use names for their businesses.

Ive not had time to check it too much either against the other but will on weekend. Looked up me Linping Fu and looks like he was a major shareholder in EFE some time back but still doing some checks as that's a significant entry level holding!

 

[HopalongPetrovski]

Thanks for sharing Hop.

Although I don't have time to analyze this just yet, 'Linping Fu' is a newcomer that has blasted into 11th position.
This could be a soph or retail investor as it is a Chinese name and Chinese companies rarely use names for their businesses.

I had assumed he bought in during the last credit raise as one of the soph's.
Wonder if they were told about the boards intentions of quitting Oz and shifting back to USA?

 

[Bloodsy]

Top 20 list as at 11 February 2025 is on page 82 of the annual report.


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Simple google search of Linping Fu takes me to his linkedin profile here

https://cn.linkedin.com/in/linping-fu-18125b190

If it is him, he's a senior manager, quality management at ADVA Optical networking.

Which is now a company called Adtran

https://www.adtran.com/en

Adtran is a telecommunications company.....

​

Interesting times for all, the share price is not the company folks.

 

[Bravo]

You could be right Gaz

or there is a Dr. Tony Lewis connection...

BrainChip Announces Dr. Tony Lewis as the New Chief Technology Officer


Laguna Hills, Calif. – 21st November 2023: BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, neuromorphic AI IP, today announced the hiring of M. Anthony (Tony) Lewis as the new Chief Technology Officer (CTO) and the planned retirement of co-founder and CTO Peter Van der Made which is scheduled for the end of the year.

Tony is the former VP and Global Head of the AI and Emerging Compute Lab at HP, Inc., where he played a pivotal role in AI integration into various product lines. Tony also made significant contributions at Qualcomm, Inc., where he led the Zeroth© Neuromorphic Engineering Project and contributed to projects in intelligent AI agents and robotics while collaborating closely with Qualcomm Ventures.

Tony has served as a visiting or adjunct professor at the University of Arizona, the University of Illinois, Urbana-Champaign, and the University of Waterloo.

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Hi @Neuromorphia,

Top 20 shows LINPING FU
Uni of Waterloo shows LIPING FU (missing an N)