White Horse
Regular
Meanwhile back at the ranch.
BRN Discussion Ongoing
- Thread starter TechGirl
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Pom down under
Top 20
So is it either a worrying or positive sign? Because atm I’m finding quite worrying.
Space Cadet
Regular
Some on here have suggested the company have been putting up a smokescreen with the podcast and US listing. If that is the case, it has obviously worked as that Is all I have read about on here for the last couple of hours. If true that would be mission accomplished. I don't think that is true but it has surely given some posters who constantly attack the company and try to sow doubt new ammunition. The sad thing is that quite a few are helping them feed it. Not much research being done to uncover collaborations or finding links to companies. Getting a little tiresome from my point of view but it's a free country. At least for now. Hope you are alll having a great Easter break.
SC
SC
Space Cadet
Regular
I'll take a crack. If they are to replace staff leaving, then worrying. If they are new positions, then positive, IMO.
SC
No worries! Once the revenue starts rolling in, they’ll be able to afford a canteen…and then there’ll be a job as a professional potato cutter for you! There will be Something for everyone. Bravo gets voted onto the board, and I’ll stay the loyal shareholder, still hopelessly watching the share price dangle around 20 cents like it’s on vacation…
F…it
Pro Bono (anti-Cher?)
LOL, you may not understand that every person or business that works for any company is hired and paid by the company.
Even the Independant auditors are hired and paid by the company.
No one expects you to believe anything or accept anything BRN - that call belongs to you. It would however be handy if you had done some research prior - it helps.
You need to read the annual report.
This outlines short- and long-term targets generally. It's as boring as hell but worth a read.
The BOD rate the CEO and we rate the BOD (company) via AGM voting.
If you do not like the way the company is being run vote against director reelection.
The anomaly is that despite a fair bit of CEO, BOD criticism and a strike vote concerning renumeration at the 2024 AGM directors up for election were overwhelmingly voted back in. Pia Turcinov got 81.05% FOR and PVM 93.03% FOR.
The 'buck' stops with the BOD and they are supported to the hilt.
For short targets despite success with individual goals, booking targets and Edge Box targets were not achieved. This effected their pay.
2025 goals have been set.
rgupta
Regular
Sean told us in his Second AGM that he had given 5 year plan to BOD. The plan is only known to BOD or Sean. As a holder we have to judge the BOD and Sean based on the promises they made with us. In between there were a lot of opportunities for Sean and BOD to raise money at much higher SP. The biggest opportunity was that short squeeze of Merc and that was the best time for shorts to feast on holders as well.
If the plan was that revenue may not be there for next 5 years then where is the plan to survive the company during those lean years.
As a working CEO and BOD there must be concrete plans to survive the business in bad times. BOD and CEO could had utalised the opportunities during short squeeze to raise easily even 100 million dollars, but they chose only 10 million. Which in other sense is plan either mis interpreted or mis treated and now we are on market sale for almost 2 years without any good news.
If the board approved the plans but did not prepare contingency plans that means the entire board have to go.
Holders are suffering because of very bad financial management of company. The only time they think about holders is during AGM. We were assured about proper updates but still there is nothing.
There is no doubt big businesses do business on their terms but if they same is not working in the right direction we have to find an alternative way.
Right now action of CEO and board are asking more questions than providing any answer to the puzzle.
Dyor
If the plan was that revenue may not be there for next 5 years then where is the plan to survive the company during those lean years.
As a working CEO and BOD there must be concrete plans to survive the business in bad times. BOD and CEO could had utalised the opportunities during short squeeze to raise easily even 100 million dollars, but they chose only 10 million. Which in other sense is plan either mis interpreted or mis treated and now we are on market sale for almost 2 years without any good news.
If the board approved the plans but did not prepare contingency plans that means the entire board have to go.
Holders are suffering because of very bad financial management of company. The only time they think about holders is during AGM. We were assured about proper updates but still there is nothing.
There is no doubt big businesses do business on their terms but if they same is not working in the right direction we have to find an alternative way.
Right now action of CEO and board are asking more questions than providing any answer to the puzzle.
Dyor
What I meant is, just because they write "independent", it doesn't actually mean they are fully independent, lol
Even after the 2nd strike, they've "retained" them... lol
Somehow, they've managed to score the 52% STI (scoring 27/50 for bookings) goals in 2024. How low are their target when we only had around 200ks in revenues?...
Once again you have not done your research. I suggest you read the annual report.
A spill was voted against.
The BOD took on 'board' holders views and hired an independant consultant to review remuneration.
If you are unhappy with that you simply exercise your right and vote against director re election. That is every holders right. No one can take that away from you.
To date directors have had 'landslide' victories which strongly suggests support for the CEO and his team.
You clearly appear have bought a stock that does not suit your investment profile. That again may reflect a lack of research.
It's possible when a booking turns into an engagement that revenue may not flow for between 3 and 6 years.
The good news concerning client validation events since Sept'24 would have been a result of bookings 2 or 3 plus years ago.
It's important to understand the huge time gap between booking and revenue. Revenue in 2024 would not have been a target.
BRN as a business is still in the Early Adoption stage of the tech adoption cycle and will likely remain there for a while yet before it moves to the next stage.
The early adoption stage is where investors take a calculated risk to buy and they are generally considered by their peers and social circle as visionaries.
Bottom line is that it is still a spec stock and it's priced as such.
It's an avoid for those seeking 'sure things'.
Pom down under
Top 20
Well after a lot of thought they are getting a yes vote on everything except 1 atm as I truly believe we have turned a corner and money should start flowing into the bank account in the next 12 months, because if it doesn’t we will be back to all this again before the next agm but with a majority of share holders pissed off. So the only thing I won’t be voting for at the agm just yet is a yes or a no vote on Steven until I hear from both sides.
Smoothsailing
Regular
toasty
Regular
Probably best not to say such things when you have no idea what I was tasked with bringing to market. I was involved in the early adoption of the internet as a commerce and trading platform. Just like in BRN's case, there were entrenched players who didn't want to give up their dominant position. Like most innovations, we used the "thin edge of the wedge" approach, finding channels to market with specific applications that proved up the viability of the technology for broad markets. In fact, we solved a problem that had been a major roadblock for the adoption of the internet for commerce, that being inability of existing implementations to maintain state while navigating from one page to another on a website. We solved an issue that was preventing widespread adoption.I disagree,
The company are trying to enter market technology adoption with world-changing tech which can't be compared to what you are talking about IMO.
The tech world is currently on an AI wave, with GPU's ever more powerful, burning energy in an alarming rate.
They will hopefully soon realize that it is not the way forward, and we have to move as much processing as possible to the edge.
This doesn't happen overnight, try reading this: Understanding the Technology Adoption Lifecycle.
Understanding the Technology Adoption Lifecycle
Discover how the Technology Adoption Lifecycle helps businesses navigate the challenges of bringing new products to market. Learn about the five stages of adoption, from Innovators to Laggards, and how each segment impacts product strategy. By understanding these stages, companies can tailor...www.starthawk.io
We are in the early stages of adoption, space and military are slowly "seeing the Akida technology" which is very encouraging.
White papers are being written using Akida by universities and by companies' development departments, sometimes even in cooperation, another good sign that they find it intriguing and checking it out, impressed by the low power consumption with fewer parts in a circuit board.
I don't think you can blame management for this but okay their expectations isn't well-timed, it's a year or even maybe 2 too early.
I think we will eventually see a break though later this year and the next. Yes, a bitter pill to shallow, but it is what it is, take it or leave it.
I got some inspiration from poster Observerr on HC, he is really well-informed about the technology and the market, your posts are awesome, thank you sir.
This is, in my opinion, what BRN has failed to do. They have not identified specific weaknesses in specific applications and effectively promoted an alternative solution. Their marketing is very low key, almost to the extent that it seems they don't want to offend existing players. So much of what we see and hear from the company is either academic (so many papers) or generalistic (low power use for example). The latter is certainly a feature of Akida but we have yet to see the company be able to convince a major buyer that it would be of enough benefit to them, or their products, to commit to its use.
And yet, for all we know, they may have already achieved just that. However, their lack of disclosure around company progress is such that we simply can't tell. As Sean asked us to do, I have been watching the financials but have yet to see anything approaching commercial success. I have been a believer and investor n this technology for 8 years but its starting to feel uncomfortably like a VHS V Beta situation. The big GPU/CPU suppliers might not have as good a product as Akida but so far they are winning the marketing and sales war.
FWIW and always DYOR.
Fair enough, but you said your people had 2-3 quarters to prove their plan in $ but Sean have 5 years (which was approved by the board) and we are talking about different technologies.
By giving him 5 years, tells anybody that's the timeframe the board expects him to fulfill it and the board are all from the industry so it's fair to assume they know what he is trying to achieve (over a 5 years timeframe!). We are at around 3.5 years now as I recall?
Yours are software that can likely be adopted into existing hardware, BRN are selling IP mostly, so why you are comparing the two are beyond me?
As I mentioned, space and military applications have started using Akida, and they are typically 1st adopters in groundbreaking technology and I think we are getting close to some major IP(s) deals, but NDA's are likely keeping us in the dark.
The AGM are drawing nearer and will hopefully enlighten us all!
NASA/Vorago Tech were engaged via SBIR back in 2020 and .................
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