Found a project 2 of our partners are working on https://www.eenewseurope.com/en/globalfoundries-mit-team-on-photonic-ai-chips/
BRN Discussion Ongoing
- Thread starter TechGirl
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MDhere
Top 20
oh wow this will bring us back to 2 dollars! Great find… now I really feel better! Thanks! Dilution? Delusion? Who cares?
God help us !
I think they will consolidate our shares e.g. 40 shares at 0.2 dollars into 8 dollars which will convert to usd 5 ish... as one of the requirement is to list it over 4 dollars (as per chatGPT lol)...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 ....
IMO, it will just create huge opportunities for shorters unless we can back our share price up with revenue / media coverages, etc.
But based on past experiences, highly unlikely....
I hope I am wrong....
HopalongPetrovski
I'm Spartacus!
It sucks doesn't it.
While I only hold a proportion of BRN in my retail super it just happens that they were bought at 3 times current value, so if I am forced to sell cheaper, won't even get the tax loss to offset.
Hopefully, as you say, we will get an opportunity to at least break even before our hands are forced.
It's just the market, I know, sorry to bitch and moan y'all.
Just thought I'd mention it so as other's in similar boat can start considering their options.
In my opinion, the big losses yesterday and today are primarily instinctive market reactivity to the poor 2024 $ results in the annual, turbocharged by the shakeup news of the proposed move.
The confusion whipped up about Anil's holdings over the past few days and the lack of a top 20 combined with the deteriorating NASDAQ and the general disruption coming from America has allowed manipulators and shorter's to engender the perfect storm.
I am hopeful that as people have time to digest all the news dropped last night, over the weekend, the greed motivator will start to overpower the fear monkey that has many of us by the ball's at the moment.
The company is slowly gaining traction and I still don't doubt that it can be successful over time.
I just know it's taken longer than I expected to date, and am starting to think it may all take a little longer than I personally can afford.
No advise intended. Again just some personal musings.
GLTAH
If you live in the past you can never move forward.
BRN are moving forward. Plenty of positive news since Sept'24 and now a move to the US to take advantage of product engagement momentum.
Great move.
Best not to stay bogged down in the past.
Unless of course you are a shorter or trader trying to get in lower and hoping to scare off buyers or scare holders to sell and not add.if
We get the reasons behind your posts.
Tothemoon24
Top 20
I’m struggling to get my head around the timing of informing the market of the intended move from the ASX .
Wasn’t A & B enough
(A). We deliver another disappointing year financially !
(B) We inform the markets of another CR !
Why not wait a month or 2 , instead of piling on a 3rd reason for more carnage.
Wasn’t A & B enough
(A). We deliver another disappointing year financially !
(B) We inform the markets of another CR !
Why not wait a month or 2 , instead of piling on a 3rd reason for more carnage.
Falling Knife
Regular
All these companies, some we have had our name along side in numerous articles research papers and partnerships are all listed in the USA
ASX market represents only 2% of the total world market.
We need to swim with the sharks or at least in the same ocean to have our future open up the way we all believe it will.
The "If you invested $1000" question starts ticking the minute we are desisted on the ASK and appear in the US.
This is where we belong, I hope Australian shareholders are looked after.this move was always on the cards but as with all here shocked as to the timing.
Is this related to the defense force contracts? Cybersecurity dealings or some other potential corporate action?
I'm letting the dust settle, no need for panic still very confident edge computing LLMs and countless products need our tech.
ASX market represents only 2% of the total world market.
We need to swim with the sharks or at least in the same ocean to have our future open up the way we all believe it will.
The "If you invested $1000" question starts ticking the minute we are desisted on the ASK and appear in the US.
This is where we belong, I hope Australian shareholders are looked after.this move was always on the cards but as with all here shocked as to the timing.
Is this related to the defense force contracts? Cybersecurity dealings or some other potential corporate action?
I'm letting the dust settle, no need for panic still very confident edge computing LLMs and countless products need our tech.
Pom down under
Top 20
Only a few more days and everything should he back to normal
if I had some money yesPlease don't tell me you are buying some more, old chap?
Mccabe84
Regular
Could the move be voted on at the AGM ?
HopalongPetrovski
I'm Spartacus!
They'll want us to vote for it at the AGM, which is only a couple of months away.
Too big an item to drop at the last moment.
We need time to digest it and hopefully be convinced by some kind of a charm offensive.
Whilst I'm sure they know they have the numbers to ram it through, if they have too, it would be a much better "look" for them, if it can be shown to have general retail approval too.
This is what I'm hoping for at this stage.
A reasonable announcement or two, with some actual dollars attached, to give the Company some vestige of commercial viability and address our preposterous share price.
It would also be nice to have some acknowledgement and reward for the thousands of loyal shareholders who have supported the Company for years.
The bank always wins
The BOD couldn’t care less what carnage on SH they deliver, I really don’t think it even crosses their minds..
“The share price will do what the share price will do” or what ever it was that was said.
Tothemoon24
Top 20
Possibly so , if that’s the case a vote at the AGM.
They be best to put their big boy pants on & give more detail now because as you say it’s a couple of months away & the important details for Australian share holders are yet to be disclosed
MDhere
Top 20
Kinda disagree there.
I remember well that when there were some disgruntled shareholders that were going on and on, Antonio stood up on the microphone and said I quote "I can tell you that you won't be asking these questions at next agm" meaning that you won't be needing to pose the negative questions at me at next agm. The look on his face said it all without saying more. And I am confident that his words as a prominent figure in Brainchip is something that he has conviction in his voice about.
Those that were at the agm know what I'm talking about.
Of course this is my opinion but the words were real
Again dyor and see you at next agm
FabricatedLunacy
Regular
And yet here we are...Kinda disagree there.
I remember well that when there were some disgruntled shareholders that were going on and on, Antonio stood up on the microphone and said I quote "I can tell you that you won't be asking these questions at next agm" meaning that you won't be needing to pose the negative questions at me at next agm. The look on his face said it all without saying more. And I am confident that his words as a prominent figure in Brainchip is something that he has conviction in his voice about.
Those that were at the agm know what I'm talking about.
Of course this is my opinion but the words were real
Again dyor and see you at next agm
How does he think people wont be annoyed , disheartened and frustrated? 15% yesterday some 15-20% today...
I was not there, but I am seriously currious how we are going this spin this?
Like many I hold all my super shares in Australian Super, so that does not bode well for me by the sounds...
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