BRN Discussion Ongoing

[Guzzi62]

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.

Some of the potential IP deals with US defence contractors & US army might depend on if the company is listed in the US or not.

I agree that reverse splits normally isn't good, but this is for a unique reason; moving!

I will again list the reasons the company gave, which everyone in the management agreed upon:


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.

 

[jla]

What's this then ? An 80 year old founding member actively trading? BS!

What should I do then,I have traded the market for 54 years now, peters ice cream the first, so now i am 80 i should stop????

 

[AusEire]

How was expressing my opinion that founding members may have left the scene was considered as an attack on them?
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!

What exactly was the point in making that statement? What does it have to do with Brainchip?

Can you point to where I have or any of the founders of this forum have defended the company recently? In fact if you ask any of the founders you'd find out each of us have probably had our own concerns recently. I definitely have. We just don't proclaim them to the world because it 1. Doesn't add any substance to this forum and 2. There's plenty more users in here doing that anyway.

You're free to believe what you like just like I'm free to believe that Brainchip will eventually be successful.

Btw you spend an awful lot of time hanging out in what you call a cult forum. Why is that?

 

[Diogenese]

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

Hi Tech,

As you say, the rider is that US registration depends on a significant SP rise based on solid recurrent revenue.

I'm trying to convince myself that the board would not have broached the idea in the absence of such a prospect.

There are several potential opportunities to pick from which have been made public (space, defence ADAS, DMS, ...), and an undisclosed number in the sub-surface portion of the iceberg.

My personal favourite is the QV CyberNeuro-RT cybersecurity implementations, both the infrastructure protection with DoE (and any (inevitable?) flow on, and in the edge device M2 which has a potential market of all connected devices or gateways if it comes out in USB format.

We have notionally foregone the chip market, but there are a couple of products with Akida 1 on the market, but we sacked our chip marketers, and the product/device market is quite fragmented.

We have more recently announced an algorithm/software product line. This followed the debut of TENNs, but we also have a potential market in models, but that would be dependent on the customer having Akida IP. For models, we are working with Edge Impulse, and just the other day there was talk of another model-building company.

So I'm hoping that one or more of these opportunities solidifies into substantial medium/long term revenue before the move to NYSE/NASDAQ or other US exchange.

 

[Pom down under]

Long term holder. Not a downramper.

 

[gilti]

How was expressing my opinion that founding members may have left the scene was considered as an attack on them?
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!

Been in BRN 2015 brought a few more today.

Been in is aziana since 2015 and topped up again on friday
i'am 77 so old blokes can't invest??
dk6161 can kiss my ass cos here is the trade confirmation
an apology would not be out of order you ignorant young pup

 

[Pom down under]

Btw you spend an awful lot of time hanging out in what you call a cult forum. Why is that?

Because his a

 

[Pom down under]

And those that claim they have been topping up despite SP going into the dumpster, I call BS!

As always, not advice!

I’ll call it bull shit as well

 

[AusEire]

I’ll call it bull shit as well View attachment 78528

Been in is aziana since 2015 and topped up again on friday
i'am 77 so old blokes can't invest??
dk6161 can kiss my ass cos here is the trade confirmation
an apology would not be out of order you ignorant young pup

This is BS guys why would you buy with the share price in the dumpster? Why are you not buying at all time highs? Am I doing it wrong? Buy high sell low right?

 

[Pom down under]

This is BS guys why would you buy with the share price in the dumpster? Why are you not buying at all time highs? Am I doing it wrong? Buy high sell low right?

.53 cents was my highest using my super, but I did miss out on just under $2 but been picking them up and average nearly 0.25

 

[HopalongPetrovski]

Hi Tech,

As you say, the rider is that US registration depends on a significant SP rise based on solid recurrent revenue.

I'm trying to convince myself that the board would not have broached the idea in the absence of such a prospect.

There are several potential opportunities to pick from which have been made public (space, defence ADAS, DMS, ...), and an undisclosed number in the sub-surface portion of the iceberg.

My personal favourite is the QV CyberNeuro-RT cybersecurity implementations, both the infrastructure protection with DoE (and any (inevitable?) flow on, and in the edge device M2 which has a potential market of all connected devices or gateways if it comes out in USB format.

We have notionally foregone the chip market, but there are a couple of products with Akida 1 on the market, but we sacked our chip marketers, and the product/device market is quite fragmented.

We have more recently announced an algorithm/software product line. This followed the debut of TENNs, but we also have a potential market in models, but that would be dependent on the customer having Akida IP. For models, we are working with Edge Impulse, and just the other day there was talk of another model-building company.

So I'm hoping that one or more of these opportunities solidifies into substantial medium/long term revenue before the move to NYSE/NASDAQ or other US exchange.

Thanks D.
I also really hope we will make a splash on the cyber security front.
I view that as potentially qualifying as the "killer app" which is what I have been praying and hoping and advocating for, these past 5 years or so.
The sort of thing with widespread appeal, thats relatively easy to comprehend and also relatively easy to implement.
It is also an area that is becoming daily more a need than a want.
The idea of having one's computer and thereby likely one's pertinent and confidential information and then, likely one's whole identity hacked, is, in our more and more connected world, more and more likely.
I foresee us being built in to new systems and made available as a kind of security retrofit via USB interface for existing systems.
I, and I'd wager many, many other's, would be happy to pay to secure my existing assets.
I believe it would be a very large market from which we could extract a healthy and upgradeable premium and revenue stream and at the same time generate huge brand recognition for both Akida and BrainChip.

 

[Humble Genius]

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

or the SP could get to the hyppotheical $6.43 or $4.00, or some other higher amount before the transfer to the other stock exchange and nothing to worry about, right?

But in the meantime will the SP continue to be suppressed irrespective of however many more deals and announcements are made?

 

[jrp173]

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

Tech I think we're on the same page here, but I'm happy to be corrected .

My understanding is that the share price has to be 5USD to list on nasdaq (so 8 AUD). So that would be mean a 40 to 1 consolidation based on current approximate price of 20 cents AUD (20 c x 40 = 8 AUD). Everyone's holding would be divided by 40. So Peter's 157M shares would be 3.925M.

I too am thinking that there must be some big deal/s on the cards, otherwise why would people vote for the move? We need to be incentivised!

What scares me is our shareholding is divided by 40, so a share price of approximately $5 USD, but to remain on nasdaq must be $1USD or more. So once listed, if we drop below $5, not only are we highlighly diluted, but the value of our shares rapidly disappears..

This is all of course if it even is the Nasdaq. I think BRN have jumped the gun with this, and are causing a huge amount of stress and anxiety for shareholders.

If anyone has a different understanding or thought, I'd genuinely love to hear it!

 

[Diogenese]

Thanks D.
I also really hope we will make a splash on the cyber security front.
I view that as potentially qualifying as the "killer app" which is what I have been praying and hoping and advocating for, these past 5 years or so.
The sort of thing with widespread appeal, thats relatively easy to comprehend and also relatively easy to implement.
It is also an area that is becoming daily more a need than a want.
The idea of having one's computer and thereby likely one's pertinent and confidential information and then, likely one's whole identity hacked, is, in our more and more connected world, more and more likely.
I foresee us being built in to new systems and made available as a kind of security retrofit via USB interface for existing systems.
I, and I'd wager many, many other's, would be happy to pay to secure my existing assets.
I believe it would be a very large market from which we could extract a healthy and upgradeable premium and revenue stream and at the same time generate huge brand recognition for both Akida and BrainChip.

The CyberNeuro-RT model would have originally been created by QV for a software NN run on a CPU. It would then need to have been converted to Akida format using MetaTF.

So BRN owns the Akida IP, QV owns the CPU model software IP, and the ownership of the converted model would have been negotiated in the initial contract negotiations, possibly joint ownership.

Running the modelon Akida would reduce the latency in detecting malware, hopefully before it has ingrained itself on the target device. Maybe this involves using a buffer memory/FIFO between the Akida circuit and the target device, so Akida can detect the malware and block the malware from reaching the target device. Maybe the buffer could also be used for LSTM/Long Skip?

If that's not how it works, I'm going to apply for a patent.

So the Akida IP circuit uses the adapted QV CN-RT model. Both are essential for the functioning of the M2 chip (or USB if they produce one), which would require revenue sharing, presumably commercial-in-confidence.

 

[7für7]

I bought some more shares again on Friday! For the 100th time, I’ve raised my target and keep telling myself, “just this one last time.” I don’t think I have that many shares. I’m pretty sure that from your perspective, I’d still be considered a small investor with my 250,000 shares. That means I’ve far exceeded my original goal of 50,000 shares.

I just hope the price moves a bit before the transition to the U.S. market and the reverse split that comes with it. I’m still confident and trust the management. Of course, what’s best for the company doesn’t always have to mean it’s best for investors. Nobody forced me to buy, after all.

But what gives me a positive outlook is the part in the statement where they mention that, during the transition to the U.S. market, they’ll ensure investors retain the same value of shares as they originally had. Let’s see how this plays out!

Peace out.

 

[Space Cadet]

I think that I will finally go fully self managed.... and use the funds from the fire sale to purchase the US stock for the longer term????

I cannot see why you can't set up your SMSF and transfer all your holdings to it.

I will have to look into it but that is loosely my plan. Been in over 10 years. Not getting screwed out of this.

SC

 

[Pom down under]

What scares me is our shareholding is divided by 40, so a share price of approximately $5 USD, but to remain on nasdaq must be $1USD or more. So once listed, if we drop below $5, not only are we highlighly diluted, but the value of our shares rapidly disappears..

Don’t really think it makes a bloody difference if the share price rapidly disappears, as that’s what it’s been doing since I invested back in 2019 at 0.32 I think. So what’s your point?

 

[The Pope]

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!

Hi Tezza

Are you sure and assume you asked the right questions as per my comments provided to the forum posted last Friday?

Superannuation investment options and performance | Cbus Super

We offer a range of investment options to suit your goals, time frame and preferred level of risk. Making an informed choice now can make a big difference to how much super you’ll have in retirement.

www.cbussuper.com.au

 

[Food4 thought]

What's this then ? An 80 year old founding member actively trading? BS!

You are being an ass DK161

 

[Pmel]

View attachment 78525

What you are a