BRN Discussion Ongoing
- Thread starter TechGirl
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rgupta
Regular
We are waiting for that short squeeze for last 4 years. But every time end up geting long squeeze.
This time news is the worst ever time to the market.
Agreed @Bravo . Shareholders cannot be reasonably expected to vote yes blindly based on the boards "word" or "projections".
Shareholders currently have very little reason to feel the company has retail shareholder best interests at heart imo and have proven multiple times over in the past few years they care very little for us, despite pvdms best intentions.
Personally i will want good solid guarantees this move will be in the best interests of retail shareholders and will look for far more detail about the proposal before voting affirmatively to any such move.
I bought more shares last Friday and am very confident in the companies long term success and think that ultimately moving to a u.s exchange was inevitable and the best thing long term FOR THE COMPANY.
What i am not confident of is not getting screwed in the process, and if the company wants my vote, they will need to prove what they say.
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sleepymonk
Regular
well thought through post and level headed.
75% is the requirement though,
page8, note33
rgupta
Regular
Bad timing here means US listing a positive thing only if management can prove worth of technology at asx. But right now it looks like they are running away from their obligations and putting long term holders under train wreck
Dyor
I agree Bravo. I’m a solid ‘No’ to the move until the BOD can convince me otherwise. Some decent commercial deals would need to be announced.
Pom down under
Top 20
One thing is for sure reading everyone’s comments here and over the crapper this has a high probability of failing unless we see a few million on the next quarterly or a solid tier 1 anno
how did the BOD think this was a good idea !
sentiment was already pretty low before the announcement
now its even worse ...
wouldn't it have made more sense to get Tony to reach out to a select few shareholders to get their feedback ... nuts
Hi HPHi Meatloaf.
My twopennysworth.
Appreciate the sentiment but really don't think that being listed in Australia has allowed us much of a say in the company's future so far.
Yes, once or twice a year we get a meet and greet and an opportunity for a quick fang flash and a hearty handshake, which wouldn't be afforded us without the ASX listing, but frankly, so far, it hasn't really eventuated into much beyond that, and is reflected in our dismal share price.
Yes, it affords us, because it is mandated, a couple of seats on the board, but with no disrespect intended, I don't see that has brought us much value either and consider them as pretty much place holders and figure heads.
I know the company is making headway with expanding eco systems and we have received some solid endorsements from quite a few heavy hitter's but the fact remains that the company is in effect a black hole hoovering up considerable dollars in order to continue existing and producing very little of tangible benefit in return, apart from those drawing a pay check.
Granted, this is just how it is for pre revenue start ups in the tech world, particularly when they are introducing something radical and paradigm shifting.
But, the bottom line gets reached, sooner or later, for both we as individuals and ultimately for the company, as an entity itself.
Whilst Peter VDM was still actively involved dreaming up the tech and steering the bus from Western Australia it was understandable and an historic fact that we were listed on the ASX, but those days are well and truly past tense.
All that's left here now, apart from our large retail share holder base are the dried remnants of the previous institute and some relatively weak educational and minor industrial applications which, whilst welcome, are unlikely to make us a viable concern.
If the Board decides we are better served by redomiciing to the US I think it prudent for us to back them.
For all our intelligence, dot joining and assumptions, none of us are privy to what they know and are aware of regarding both BrainChip's opportunitys and obstacles.
Beyond the access to a larger overall market I think it likely being based in America will give us more credibility and credence, particularly among American investors and American players and companies which are likely to be our way forward.
Australia is a very minor player in the worlds affairs and whilst we may punch above our weight and all that, from a global standpoint, both economically and industrially, the ASX is a pygmy.
I think we all assumed this move would occur sooner or later and would prefer it under more favourable conditions, but again will state the obvious.
If we indeed managed to stamp our little foot and vote down this stated major objective of the Board, where exactly would that leave us?
I fear with a perhaps rudderless, certainly demoralised leadership group, handicapped by their own share holders.
Not a good position from which to move forward.
Thanks for your reply. I understand what you’re saying but management haven’t produced much in the way of IP and revenue is appalling. The SP is now lower than when I brought back in 2020.
There is no guarantee that Brn will achieve anything better by delisting of the ASX. They have to prove that. We can’t just follow blindly.
Mate I’m not expecting much but the SP is dismal and while we blame the shorters, it’s management who have failed to bring in the revenue which was positively talked about without fruition.
I have supported management over the years but this redomiciling really worries me. I’ve got thousands of dollars invested and about 5 years to retirement. The last thing I want to do is lose money because management could not provide what they stated: an explosion of sales, watch the revenue, Ip sales early next year. I mean, how confident are we with current management? Quite frankly, as each day passes and no announcements my confidence deminishes.
Not one us SH knows what’s exactly going on, we are only speculating. Partnerships will take a while to pay off.
Stating that moving to US exchange will be better is only speculation, no guarantees.
That’s just my opinion. To be honest, I’m a bit fed up, and currently would sell up but don’t want to lose money.
We need to stop speculating, speculation only brings about false confidence and disappointment.
And btw I’m not trying to down ramp, I’m just fed up with waiting on some good news that may or may not happen.
davidfitz
Regular
Ditto
Pom down under
Top 20
Probably did and only asked FF
Actually no… they asked T&J and he said it would be great..Probably did and only asked FF
I’m still clinging to my “glass half full” scenario. WHAT IF since Jan 1 BRN has received significant royalties from Renases and Megachips. The BoD know this even if we don’t see it yet. Based on this significant revenue they know that the share price will jump up a LOT when it’s revealed in the quarterly report which will be out before the AGM so it will soften the blow. It’s also the reason they sold 40m shares cheap to LDA at 50 cents a share. LDA won’t sell at a loss, they will want profit. The BOD looking at the revenue have thought “wow, we are seriously going to outgrow the ASX so let’s start thinking about moving to USA. No consolidation of shares needed as the share price is predicted to already be high enough…….. well that’s my dream anyway. DYOR. 
Unfortunately I don't think guarantees are worth anything anymore. We need results not words.
Yes, the time for guarantees and words are well past! Nothing short of actual revenue will convince me otherwise.
HopalongPetrovski
I'm Spartacus!
Hey Meatloaf.
Yes, I get it, many peoples patience is wearing thin.
Mine too.
I also have many, many tens of thousands of dollars tied up here that I can ill afford to lose, and I too am getting sick and tired of mere rhetoric.
But what I am cautioning against is reactivity, for its own sake.
We all wish the Company had been proven more successful, commercially, sooner than it has.
I'm sure both the management and board of directors feel the same.
But I also don't want the situation to get worse still.
The modicum of satisfaction that will be derived by individuals in giving the board a kick and voting down their considered recommendation will, in my view, be massively outweighed by the damage done.
It could just sink the company or put it in limbo, and we might just wind up with a share holding, in nothing much at all.
I too, also hope that they can provide some conviction before a vote is required with some positive proof of success such as a large, recurring, revenue bearing engagement, with a notable and influential partner/customer.
Something that puts a little meat on our share price's bones, a fattening up so to speak, before we are sent off to market.
For quite some time now, and at present, our share price has been the plaything of shorter's and other manipulators, a large part of whose playbook involves destroying share holder's faith in the targeted companies management.
Any 5 minutes browsing the crapper will show you that.
After years chipping away at us I fear they are winning, and you know that won't be good for holder's like you and me, if they get they're way.
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Falling Knife
Regular
Here are the ASX rules for de listing from the ASX
and the following highlights indicate to me no big news is required to get this redomocilling across the line.
Do we get to vote on it bc shares are tradable in the likes of Commesec for OS securities?
Am I reading that right?
I wonder if the said broker responsible for facilitating the sale of shares on behalf of Australians can do this for their super funds after the move too esp in light of some super funds not allowing holdings in OS markets.
This may give current holders the chance to 'participate' in the potential resurgence of the new listing and associated news that accompanies it like new corner stone investor backing this transplant.....
Or bc, in some situations like the Super Funds discussed already, OS holding are not permitted we do get to vote?
interesting times.
My thoughts are thus:
It was where we were destined to go eventually.
Happened way earlier than expected seeing as we cant yet stand alone.
There is Zero point redomicilling if we dont have a product that is in high demand and destined to be adopted, Execs and Board know this, therefore this move is IMO being 'encouraged' by other entities.
Have we been tapped on the shoulder by ( insert major player or military related org here) to move to facilitate either use of product, partnership or partial buy in.
I hope the move is a trigger for that re evaluation and adoption and we as loyal shareholders are respected in this process.
and the following highlights indicate to me no big news is required to get this redomocilling across the line.
Do we get to vote on it bc shares are tradable in the likes of Commesec for OS securities?
Am I reading that right?
I wonder if the said broker responsible for facilitating the sale of shares on behalf of Australians can do this for their super funds after the move too esp in light of some super funds not allowing holdings in OS markets.
This may give current holders the chance to 'participate' in the potential resurgence of the new listing and associated news that accompanies it like new corner stone investor backing this transplant.....
Or bc, in some situations like the Super Funds discussed already, OS holding are not permitted we do get to vote?
interesting times.
My thoughts are thus:
It was where we were destined to go eventually.
Happened way earlier than expected seeing as we cant yet stand alone.
There is Zero point redomicilling if we dont have a product that is in high demand and destined to be adopted, Execs and Board know this, therefore this move is IMO being 'encouraged' by other entities.
Have we been tapped on the shoulder by ( insert major player or military related org here) to move to facilitate either use of product, partnership or partial buy in.
I hope the move is a trigger for that re evaluation and adoption and we as loyal shareholders are respected in this process.
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