BRN Discussion Ongoing

[Pom down under]

Guess I’m going to speak too soon and it’s a nice surprise to see the buy side a lot higher than the sell

 

[FJ-215]

Here’s to a better week as I don’t it could have gotten any worse really especially if you only taken notice of the SP

View attachment 78496

Morning Pom,

The focus for many has been on the possible move from the ASX to a US exchange and this on top of the LDA call has caused an additional drop in the SP. I'm thinking that the market is looking back to the CR last July/August where the BoD sold off a 5% chunk of the company at 19.3 cents.

7 months later, have the company done enough to justify raising at a higher SP?

Might get a bit worse before it gets better.

 

[DingoBorat]

Morning Pom,

The focus for many has been on the possible move from the ASX to a US exchange and this on top of the LDA call has caused an additional drop in the SP. I'm thinking that the market is looking back to the CR last July/August where the BoD sold off a 5% chunk of the company at 19.3 cents.

7 months later, have the company done enough to justify raising at a higher SP?

Might get a bit worse before it gets better.

'7 months later, have the company done enough to justify raising at a higher SP?"

I think there have been plenty of Great Developments since then FJ..
If I was FactFinder, I'd list them all off for you!

But they really need to pull some big fluffy rabbits out of the hat this time, or this LDA thing is going to "punish" the share price.

I'm still going with my "Queen sacrifice" strategy and am expecting some Big Announcements forthcoming.

LDA were ditched and the program bought out of, because it was no longer "working" (and I was happy to see them go, because of that).

For BrainChip, to get them back on board..

I'd like to think, it was because "we" had a "Game Plan".

 

[FJ-215]

'7 months later, have the company done enough to justify raising at a higher SP?"

I think there have been plenty of Great Developments since then FJ..
If I was FactFinder, I'd list them all off for you!

But they really need to pull some big fluffy rabbits out of the hat this time, or this LDA thing is going to "punish" the share price.

View attachment 78499

I'm still going with my "Queen sacrifice" strategy and am expecting some Big Announcements, forthcoming.

LDA were ditched and the program bought out of, because it was no longer "working" (and I was happy to see them go, because of that).

For them, to get them back on board..
I'd like to think, it was because they had a "Game Plan".

G'day DB,
Yes, there has been some good developments. If we had truly Great Developments, we won't need to be tapping the market for more cash.

Pico, Frontgrade, Airbus, AFRL, Bascom Hunter. All good but not Great just yet. When revenue starts to roll in, the market will sit up and take notice.

 

[MDhere]

Morning fellow brners,
Well im hopeful that my fridge calendar for March is right.... putting positive vibes out there for Monday. ❤

 

[HopalongPetrovski]

Anyone else having issues with Nabtrade this morning?

 

[Fenris78]

Anyone else having issues with Nabtrade this morning?

Yes I am.... still no trades for BRN showing on the NAB platform

 

[HopalongPetrovski]

Yes I am.... still no trades for BRN showing on the NAB platform

Thanks Fenris. Whilst it's still crap at least some relief that it's not just me being hacked or something.
I know they were doing an update over the weekend so probably just some glitching happening.

 

[MegaportX]

Thanks Fenris. Whilst it's still crap at least some relief that it's not just me being hacked or something.
I know they were doing an update over the weekend so probably just some glitching happening.

At least the stock price is not going down on NAB customers ..

 

[HopalongPetrovski]

Nabtrade back up.

 

[gilti]

Nabtrade back up.

price back down

 

[Esq.111]

Morning Hop & Fellow Chippers ,

Always pays to check ones balance ........... .

Banks

Another ‘near miss’: Citigroup mistakenly credited a customer account with $81 trillion​

Published Sat, Mar 1 202512:33 PM ESTUpdated Sat, Mar 1 20253:39 PM EST
Tanaya Macheel@tanayamacheel
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Key Points

• Citigroup mistakenly credited a customer’s account with $81 trillion last year when it meant to send just $280.
• The payment, which took place last April, was missed by two employees but caught 90 minutes after it was posted, the Financial Times reported Friday.
• The mistaken payment was reversed several hours later and reported to the Federal Reserve and Office of the Comptroller of the Currency as a “near miss.”

Jim Dyson | Getty Images News | Getty Images
Citigroup mistakenly credited a customer’s account with $81 trillion last year when it meant to send just $280.
The payment, which took place last April, was missed by two employees but caught 90 minutes after it was posted, the Financial Times first reported Friday. It was reversed several hours later and reported to the Federal Reserve and Office of the Comptroller of the Currency as a “near miss.”

The event is the latest mistake disclosed by the Wall Street bank, which is struggling to overcome a series of operational errors in recent years.
“Despite the fact that a payment of this size could not actually have been executed, our detective controls promptly identified the inputting error between two Citi ledger accounts, and we reversed the entry,” Citi said in a statement to NBC News. “Our preventative controls would have also stopped any funds leaving the bank. While there was no impact to the bank or our client, the episode underscores our continued efforts to continue eliminating manual processes and automating controls through our Transformation.”
Citi neither confirmed nor provided comment on the number of near misses it has experienced.
Near misses occur when a bank processes the wrong amount but is able to recover the funds. The bank suffered 10 near misses of $1 billion or more last year and 13 in the year prior, the according to the report.
The bank has been working to repair its reputation since it sent $900 million in error to creditors engaged in a contentious battle over the debt of cosmetics group Revlon five years ago — which led to the ousting of former CEO Michael Corbat, as well as big fines and regulatory consent orders requiring Citi to fix the issues.
Corbat’s successor, Jane Fraser, has said improving risk and controls is a top priority. The bank was still fined $136 million by regulators last year for not making enough progress on the improvements.

Here i was , all ready to do a hostile takeover of BRN for $80 trillionUSD , then the bastards pulled the funds.

So much for the saying , possession is nine tenths ,

Regards,
Esq.

 

[Frangipani]

Our former employee Anup Vanarse, who left BrainChip six months ago despite not having another job lined up at the time, has relocated back to Australia from California and is now working as a Senior Machine Learning Engineer for Neuro Optica Operations Pty Ltd, a company based in Chippendale, NSW and trading as BrainEye (cf. https://braineye.com/privacy-policy/). They have developed a smartphone app that lets you “trace, track and manage your brain health with BrainEye’s eye-tracking technology.”

I'm thrilled to announce that I've joined BrainEye as a Senior Machine… | Anup Vanarse, Ph.D | 52 comments

I'm thrilled to announce that I've joined BrainEye as a Senior Machine Learning Engineer! Health tech has always excited me as a true application of beneficial AI. In this role, I’ll be working on cutting-edge ML solutions for real-time eye-tracking to enable early detection of brain health...

www.linkedin.com

Home - BrainEye

Brain health at your fingertips Measure, trace and manage your brain health with BrainEye’s eye-tracking technology. Get accurate, real-time results that can help you detect any potential problems. Do it all via your smartphone. The team behind BrainEye Meet BrainEye’s leadership team – a...

braineye.com

BrainChip’s own technology - such as TENNs-Eye, “a light-weight spatio-temporal network for online eye tracking with event-camera, belonging to the class of TENNs (Temporal Neural Networks) models by BrainChip” - might one day be used for a similar health tech application:

https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-449579

Now here comes the weird thing: When I just revisited BrainChip’s GitHub page (https://github.com/Brainchip-Inc), I noticed that not only has TENNs-Eye disappeared, but so have aTENNuate, TENNs-PLEIADES and Centaurus. Of the 14 repositories (see my 2 February screenshot), four have simply vanished into thin air, it seems…

Is there possibly any connection with Rudy Pei’s departure, given he was instrumental in leading the R&D for the TENNs model family? (Although I’d expect any rights would actually have been assigned to BrainChip, his former employer?)

A read-only archived TENNs-Eye repository can still be found on his GitHub page. It says the repository has been moved to Brainchip-Inc/TENNs-Eye (presumably in September 2024, when the repository got archived), but that is now an empty link (Error 404).

 

[DK6161]

Anyone involved in the setting up of this forum is still holding. In fact I recently increased my holdings and I know of another who did so as recently as today. We just choose to not engage with Donkeys like you.

If you bought shares in a (any)company based on the anonymous opinions of a random stranger online then I have a bridge to sell you.

Have a nice night!

I doubt each one of the founding members is still holding.
Since you directly attacked me, care to explain to us Donkeys how do you know that?
Have a great day!

 

[MadMayHam | 合氣道]

Below are the successful companies that transferred or shifted their primary listing from the Australian Securities Exchange (ASX) to a United States stock exchange (Nasdaq or NYSE), along with how they benefited from the move.

1. Atlassian Corporation

• Original Listing: ASX (ticker: ATM, limited early listing in 2005).
• U.S. Listing: Nasdaq (ticker: TEAM, primary listing since December 2015).
• Details of Move: Atlassian, a Sydney-based software company, conducted a small IPO on the ASX in 2005 but later pursued a full Nasdaq listing in 2015, effectively shifting its primary market to the U.S. It redomiciled to the U.K. for tax purposes but chose Nasdaq over maintaining an active ASX primary listing.
• Benefits:
  • Access to Capital: The Nasdaq IPO raised $462 million at $21 per share, valuing the company at $4.4 billion—far exceeding what the ASX could likely support for a tech firm at that stage. By 2025, its market cap exceeds $40 billion, reflecting massive growth fueled by U.S. investment.
  • Investor Base: Listing on Nasdaq exposed Atlassian to U.S. institutional investors and tech-focused funds (e.g., Vanguard, BlackRock), which dominate the software sector and prefer U.S.-listed stocks.
  • Global Visibility: Nasdaq’s prominence in tech elevated Atlassian’s profile alongside giants like Microsoft and Adobe, aiding talent acquisition and partnerships (e.g., its Slack integration).
  • Valuation Boost: U.S. markets often assign higher multiples to SaaS companies (Atlassian’s core products include Jira and Confluence), driving its stock price from $21 at IPO to over $170 by late 2021, with sustained growth since.
• Outcome: The move transformed Atlassian from an Australian mid-tier player into a global tech leader, leveraging U.S. capital and prestige unavailable on the ASX alone.
• View attachment 78350

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2. News Corporation (News Corp)

• Original Listing: ASX (ticker: NWS, primary listing until 2004).
• U.S. Listing: NYSE (ticker: NWS/NWSA, primary listing since November 2004).
• Details of Move: Founded by Rupert Murdoch in Australia, News Corp reincorporated in Delaware, USA, in 2004 and shifted its primary listing to the NYSE. The ASX retained a secondary listing via CDIs, but the U.S. became the dominant market. This preceded its 2013 split into News Corp and 21st Century Fox (later acquired by Disney).
• Benefits:
  • Market Scale: The NYSE offered access to the world’s largest equity market, enabling News Corp to raise billions for acquisitions (e.g., Dow Jones in 2007 for $5.6 billion), dwarfing ASX fundraising capacity.
  • U.S. Investor Appeal: The move attracted American institutional investors, crucial for a media conglomerate with growing U.S. assets (e.g., Fox, Wall Street Journal), increasing liquidity and share demand.
  • Strategic Alignment: Relocating to the U.S. aligned News Corp with its operational center—by 2004, most revenue came from North America—enhancing credibility with U.S. regulators, partners, and advertisers.
  • Valuation and Growth: Post-move, News Corp’s market cap soared, peaking above $60 billion pre-2008, and even after the 2013 split, the NYSE-listed entity maintained a multibillion-dollar valuation (e.g., ~$15 billion by 2025).
• Outcome: The NYSE listing fueled News Corp’s evolution into a global media titan, leveraging U.S. capital and proximity to its largest market, far beyond what an ASX-only presence could sustain.
• View attachment 78348

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Yes, but with one BIG DIFFERENCE: Those companies had decent revenues and repeat customers already before relisting. BRN is losing revenue from quarter to quarter. It was pointed out a few quarters back that even a cafe has more revenue.

 

[7für7]

I doubt each one of the founding members is still holding.
Since you directly attacked me, care to explain to us Donkeys how do you know that?
Have a great day!

wooow I never thought I’d live to see the day that you shorters call yourselves donkeys. That’s a bullish omen! Hallelujah, praise the Lord! I can already see the dollar!

 

[DK6161]

wooow I never thought I’d live to see the day that you shorters call yourselves donkeys. That’s a bullish omen! Hallelujah, praise the Lord! I can already see the dollar!

Any criticism of the company is immediately labelled as a shorters post!
Wow, very original. Cult 101.

 

[Pom down under]

Anyone else having issues with Nabtrade this morning?

Yes it was showing our share price at 0.205

 

[overpup]

Any criticism of the company is immediately labelled as a shorters post!
Wow, very original. Cult 101.

Even the staunchest cult-affiliate would be starting to worry now...
I must concede my faith has dwindled away over the last few years.
It feels like we are failing. I hope I am wrong though or my wife will kill me lol.

 

[Tezza]

Just checked with my cbus smsf and they don't have any means of facilitating a us listed stock. This means I will need to join a different super or sell. Not happy Sean!