Not what I wanted to hear. Not happy either.
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
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Regular
you dont have a SMSF if you are with CBUS you are just making direct investment decisions. you have time to set up a SMSF and transfer your funds across and buy BRN and hold during the move to US
Yes, you are correct. I find cbus suits me as I do not have to worry about all the nitty gritty stuff. I can find shares I like and they do the rest.
TechGirl
Founding Member
Founding member here
Still holding strong
Have increased holdings non stop since the last time I visited tsex about a year ago
Luppo71
Founding Member
Still holding and don't plan on going anywhere for a long time to come
Akida ballista baby.
Long term holder. Not a downramper. Have a big holding. I am very very disappointed with the management as well. I invested my hard earned money but looks like I am going to loose it all. Hoping something evetuates soon.they were claiming 2024 big year now 2025 it is almost 2 months over pissy little news but shit news at the same time.Hard lesson learnt.
Quiltman
Regular
I am in a similar situation, but considering another option, creating 2 funds, one fully managed, and one SMSF to manage BRN. Will need to look carefully at what 2 sets of fees does, but thinking of cutting back insurance cover to balance additional fees ( getting to life stage where no longer applicable). There are several options available and we are being given heaps of time to work through it … a good advisor, deep breath and think through options. All is not lost !
Gidday All,
What a ride this stock has been to date, for any true believer, it has certainly been an emotional roll-a-coaster, hasn't it ?
I have purposefully avoided reading the forum for a number of days, as I can just imagine the stress and anxiety that many are feeling,
so many questions, so few "real" answers.
When the company announced that the Perth office was closing down, I was quietly pretty annoyed, and I can imagine that the discussions
surrounding that decision at Board level would have been rather intense, but we moved on and still retained our key Australian connection/s.
I'm not sure if Tony is still working out of the office in downtown Perth, but assume he is based out of his home office ?? maybe one of the Perth
guys know.
With our Headquarters clearly established in Laguna Hills, California with all our key staff, departing the ASX was always the game plan in my opinion, but this latest news has put me on the backfoot somewhat, yes I know, it's nowhere a done deal, and quite frankly, I think it's way too premature.
The retail shareholder base currently holds 58.633% verses the Top 20 with it's 41.367% and with all the hurdles regulatory or otherwise, I
can't see this happening, unless "something big" emerges on the news front, and let's face it, something could just explode out of left field,
we ALL know we are Due !!
My comments may be incorrect here, so please correct me, if $4.00 US is required as a base entry point for a Nasdaq listing, well that equates
to around $6.43 AUD, which in turn means a consolidation of approximately 3,060%.
Peters holding for example would go from 157 Million to 5.13 Million shares, yes, I know it still carries the same value as such, BUT ??
A very nicely placed shareholder currently holding 1 Million BRN shares would then hold (after consolidation) 32,680 shares @ $6.43 AUD
equivalent to the opening $4.00 entry point.
All hypothetical I know, and as I say, unless the company has something that's so powerful to reveal to the shareholders, it's going to be an
extremely hard sell, yes the US market is where I and many wish us to end up, be it's so premature in my opinion, and rather unsettling.
As far as our day to day company progress is concerned, nothing has changed, we are still kicking goals, but our bank account doesn't reflect as such yet, but it will I believe.
Just my views, take it or leave it........cheers for now Tech x
What a ride this stock has been to date, for any true believer, it has certainly been an emotional roll-a-coaster, hasn't it ?
I have purposefully avoided reading the forum for a number of days, as I can just imagine the stress and anxiety that many are feeling,
so many questions, so few "real" answers.
When the company announced that the Perth office was closing down, I was quietly pretty annoyed, and I can imagine that the discussions
surrounding that decision at Board level would have been rather intense, but we moved on and still retained our key Australian connection/s.
I'm not sure if Tony is still working out of the office in downtown Perth, but assume he is based out of his home office ?? maybe one of the Perth
guys know.
With our Headquarters clearly established in Laguna Hills, California with all our key staff, departing the ASX was always the game plan in my opinion, but this latest news has put me on the backfoot somewhat, yes I know, it's nowhere a done deal, and quite frankly, I think it's way too premature.
The retail shareholder base currently holds 58.633% verses the Top 20 with it's 41.367% and with all the hurdles regulatory or otherwise, I
can't see this happening, unless "something big" emerges on the news front, and let's face it, something could just explode out of left field,
we ALL know we are Due !!
My comments may be incorrect here, so please correct me, if $4.00 US is required as a base entry point for a Nasdaq listing, well that equates
to around $6.43 AUD, which in turn means a consolidation of approximately 3,060%.
Peters holding for example would go from 157 Million to 5.13 Million shares, yes, I know it still carries the same value as such, BUT ??
A very nicely placed shareholder currently holding 1 Million BRN shares would then hold (after consolidation) 32,680 shares @ $6.43 AUD
equivalent to the opening $4.00 entry point.
All hypothetical I know, and as I say, unless the company has something that's so powerful to reveal to the shareholders, it's going to be an
extremely hard sell, yes the US market is where I and many wish us to end up, be it's so premature in my opinion, and rather unsettling.
As far as our day to day company progress is concerned, nothing has changed, we are still kicking goals, but our bank account doesn't reflect as such yet, but it will I believe.
Just my views, take it or leave it........cheers for now Tech x
HopalongPetrovski
I'm Spartacus!
Hi Quiltman.
I don't have a self managed fund so please take the following with a grain of salt, and I understand there are many more offerings over the last few years, but the rule of thumb that I heard from a few years ago was that the ongoing yearly compliance fees associated with an SMSF meant it generally wasn't viable unless you have minimum of $300,000 invested in it. So, that equates to a holding of around 1.5 million shares at todays valuation.
Potentially an expensive option if you have to cash out and buy back in depending on an individuals tax situation.
Of course, potentially negated if it's possible to do some kind of a transfer.
Perhaps other's with relevant experience can comment please.
BrainChip simply needs revenue.
A company with a share price of $4 listed at NASDAQ without revenue will be shorted down to $0.10 very fast.
You are right. It is much to early for NASDAQ.
It could be a deadly trap moving to NASDAQ just because some people recommended to move to NASDAQ.
Revenue! Revenue! Revenue!!
BrainChip is in the USA, L.A. - so what makes the difference when ASX is the stock exchange.
BrainChip Akida IP can be used all over the world.
Customers just have to buy a license.
Yes, I am very sure:
BrainChip Akida is the future of Edge AI
But the stock price can also rise up at ASX.
AusEire
Founding Member.
I'd like to point out that you directly attacked all of the founders of this forum with a baseless claim aimed at accusing us of having "left the scene" and "Sold all our shares". Why that would matter I'm not sure?
Who told you this information or did your conspiracy riddled brain just randomly pull this scenario from the clouds?
How do I know you ask? Wouldn't you like to know
Why don't you msg them and ask them? In fact I know Wilzy would love to hear from you!!!!
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RobjHunt
Regular
I think Wilzy is biting his tongueI'd like to point out that you directly attacked all of the founders of this forum with a baseless claim aimed at accusing us of having "left the scene" and "Sold all our shares". Why that would matter I'm not sure?
Who told you this information or did your conspiracy riddled brain just randomly pull this scenario from from the clouds?
How do I know you ask? Wouldn't you like to know
Been in BRN 2015 brought a few more today.I'd like to point out that you directly attacked all of the founders of this forum with a baseless claim aimed at accusing us of having "left the scene" and "Sold all our shares". Why that would matter I'm not sure?
Who told you this information or did your conspiracy riddled brain just randomly pull this scenario from from the clouds?
How do I know you ask? Wouldn't you like to know
How was expressing my opinion that founding members may have left the scene was considered as an attack on them?I'd like to point out that you directly attacked all of the founders of this forum with a baseless claim aimed at accusing us of having "left the scene" and "Sold all our shares". Why that would matter I'm not sure?
Who told you this information or did your conspiracy riddled brain just randomly pull this scenario from the clouds?
How do I know you ask? Wouldn't you like to know
Did I hit a nerve buddy?
It is sad that people like you had to come out and defend the company, where the company should've come out and address share holders concerns directly.
And those that claim they have been topping up despite SP going into the dumpster, I call BS!
As always, not advice!
DingoBorat
Slim
I have a SMSF and it was "reasonably" easy to set up.
My process was audited
..Basic yearly cost for me, is $1100 and with contributions, the government will contribute $500 (for incomes $45400 to 60400).
There are also one off fees from time to time.
Government contributions | Australian Taxation Office
You may be eligible for the government's super co-contribution.
Interestingly, they've been "reducing" the entitlement, from a maximum of $1500 for the years 2004 to 2009, to the present $500..
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I beg your pardon I am not a bullshit artist, I am 80 years of age, No point as you say BS, I am very offended, {DK6161}
DingoBorat
Slim
I think Wilzy's tongue was bitten.. Orrff.I think Wilzy is biting his tongue
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