BRN Discussion Ongoing

[jrp173]

I don't think the redomicile will be on the cards for a while (if it even happens).

Even Brainchip know that there is no chance in hell that shareholders are going to vote for redomicile, unless there is a significant increase in share price (plus many other factors still to be addressed).

Of course all purely speculation at this stage, since we've been given no details on possible exchange however let's say it is the Nasdaq and base it on today's share price of 25 cents AUD. The minimum price required to list on Nasdaq is $4 USD ($6.27 AUD), so this would mean a consolidation of 25:1.

Why anyone would vote for that is beyond me.

However importantly, a redomicle MUST be approved by shareholders.

There are two shareholder votes required:

Headcount Test - a simple majority (50% plus one) of the registered shareholders,
then
Voted Shares Test - 75% of the votes cast on the resolution (this means 75% of the shares voting on the resolution).

I honestly feel like it was put out there to distract shareholders from important items relating to the AGM (like not approving the remuneration report).

As for the 4C saying, they put the idea out there to gauge shareholder reaction is nonsense. If they really wanted to know how shareholders felt, why would they not call their top 20 shareholders to see what they thought, rather than drop a price sensitive announcement that caused the share price to drop from 30c to low 20s....

 

[MDhere]

I don't think the redomicile will be on the cards for a while (if it even happens).

Even Brainchip know that there is no chance in hell that shareholders are going to vote for redomicile, unless there is a significant increase in share price (plus many other factors still to be addressed).

Of course all purely speculation at this stage, since we've been given no details on possible exchange however let's say it is the Nasdaq and base it on today's share price of 25 cents AUD. The minimum price required to list on Nasdaq is $4 USD ($6.27 AUD), so this would mean a consolidation of 25:1.

Why anyone would vote for that is beyond me.

However importantly, a redomicle MUST be approved by shareholders.

There are two shareholder votes required:

Headcount Test - a simple majority (50% plus one) of the registered shareholders,
then
Voted Shares Test - 75% of the votes cast on the resolution (this means 75% of the shares voting on the resolution).

I honestly feel like it was put out there to distract shareholders from important items relating to the AGM (like not approving the remuneration report).

As for the 4C saying, they put the idea out there to gauge shareholder reaction is nonsense. If they really wanted to know how shareholders felt, why would they not call their top 20 shareholders to see what they thought, rather than drop a price sensitive announcement that caused the share price to drop from 30c to low 20s....

Maybe best case scenario is a u.s. buyer is lurking in the background, offers the Company 15 billion of dollars (made up figure of course) and they say, right now Brainchip you need to buy back all the australian shares at ($6.27 AUD, the price that you quoted @jrp173 ) and then float it all on the u.s. market under our subsidiary name.

That's all the Australian shareholders have been bought out at the u.s. float price, done and dusted.
Well to me this would be a win win for us shareholders and a win win for the company to move smoothly to u.s.

Then we can all buy the u.s. shares as we wish.

Well I am hoping that my theory is actually reality. And I'm not dreaming, I'm wide awake at work number crunching lol

 

[Frangipani]

On 1 December 2024, both @Humble Genius and @Kamikaze kai shared the following LinkedIn post by Sounak Dey from TCS Research with us:

#icpr | Sounak Dey

Sometimes back, our work focus was on the use case of "In-car Driver Drowsiness Detection". We did the usual tasks of designing a Spiking Neural Network (SNN) and then deploying it on BrainChip Akida 1000 neuromorphic board. The model has achieved upto 92% accuracy on four classes. Energy...

www.linkedin.com

Yesterday, the work he referred to, which was presented at ICPR 2024 in Kolkata (1 - 5 December 2024) by Sounak Dey’s and Chetan Kadway’s co-author Ajoy Dey, was published online (the text beyond the abstract is, however, behind a paywall):

Towards On-Device Learning and Personalization: A Case of In-Car Driver Drowsiness Detection System Using Neuromorphic Computing

Car accidents due to driver drowsiness is a very serious pan-world problem. At present there are few AI-based drowsiness detection and alert systems, but they are not suitable for cars due to their requirement of large memory, power, and latency and...

link.springer.com

 

[Pom down under]

it is likely a anonymous poster who just happened to pretend to be that person and then post a possible correct old email of lous . And if LDN still has that address if in fact his in the first place, well wont he get lots of spam emals lol That crapper poster should be blocked for pretending to be someone other then an anonymous d..k lol

Hey


I did get a response from Lou below and I’ve also asked him his thoughts on moving to the US with the SP at its current price and why the board would not want Steven Liebeskind elected as a director. Not expecting a response, but you never know.

 

[Pom down under]

Hey


I did get a response from Lou below and I’ve also asked him his thoughts on moving to the US with the SP at its current price and why the board would not want Steven Liebeskind elected as a director. Not expecting a response, but you never know.

View attachment 83543

I have received a response from Lou regarding my 2 questions, but I’m requesting permission to post them here and he responded with

With caveat that included.

What’s that above 4 words mean lol

 

[CWP]

I do, (hold BRN in my retail super) and paid 62 cents each for them, at the time.
I also hold many more outside of super for which I now feel grateful.
It will be a blow to me if I have to sell them at anything less than purchase price because of a redomicile, but at the moment, that is the situation with my particular fund.
Other funds will have varying arrangements, but this is my situation.
Not looking for violins or sympathy, just stating a part of the way my reality will be affected.
And think many other's will likely be in the same boat.
This is just a side show to the main event, but I hope that the BOD are aware of these implications for some of us holder's and will factor us into their decision making.

I am in a similar boat except my buy price is .49c (still up the creek without a paddle) if this redomicile eventuates. I can’t see any positives in our current financial position anyway ? My plan is to set up a SMSF and transfer them into that, this way I shouldn’t be forced to sell at a loss and because they are currently under water there should be no CGT payable just a transfer fee I assume ? Have you considered this option, thoughts ?

I can’t see management batting an eye lid over loss of retail holder wealth unfortunately. The consolidation required, at this point, to even consider a move to the US you would have to think would destroy retail holders wealth. It would be a necessity to even make it possible to list on a US exchange. This one fact alone gives you an insight into the mindset of some of our current BOD

Like others have mentioned I think this Redomicile talk is a distraction tactic to shift focus from our obvious lack of commercial traction, so the freebies are approved and the hard questions are side stepped.
I’m all for a move to the US but in our current state we would first be diluted to oblivion and then because of our lack of revenue and huge operationslal spend crushed by aggressive shorting.

My opinion only…

 

[Krustor]

I have received a response from Lou regarding my 2 questions, but I’m requesting permission to post them here and he responded with

With caveat that included.

What’s that mean lol

This means: Dont give T&J any more attention.

My first post after reading only for a long while. Cant believe this Lou trash is still a topic...

 

[Galaxycar]

Where in any statement above did I even mention commercialisation commenced six years ago, never even mentioned commercialisation. Seems someone has his own agenda another fluffier who does,nt want to face reality,oh my! Manny gues your another brainchip worker hiding here making misleading statements in defence of your boss.

 

[TheUnfairAdvantage]

I am in a similar boat except my buy price is .49c (still up the creek without a paddle) if this redomicile eventuates. I can’t see any positives in our current financial position anyway ? My plan is to set up a SMSF and transfer them into that, this way I shouldn’t be forced to sell at a loss and because they are currently under water there should be no CGT payable just a transfer fee I assume ? Have you considered this option, thoughts ?

I can’t see management batting an eye lid over loss of retail holder wealth unfortunately. The consolidation required, at this point, to even consider a move to the US you would have to think would destroy retail holders wealth. It would be a necessity to even make it possible to list on a US exchange. This one fact alone gives you an insight into the mindset of some of our current BOD

Like others have mentioned I think this Redomicile talk is a distraction tactic to shift focus from our obvious lack of commercial traction, so the freebies are approved and the hard questions are side stepped.
I’m all for a move to the US but in our current state we would first be diluted to oblivion and then because of our lack of revenue and huge operationslal spend crushed by aggressive shorting.

My opinion only…

Doing the same - Retail self manage to personal SMSF. However, you may discover that you can’t transfer because the trustee owns shares on your behalf. You simply have an interest in the shares. You will be required to place a sell order on your retail holding. Take a loss and for go the loss (as in you can’t carry it over to your SMSF). Roll your retail self managed into your personal SMSF then buy the shares at the lower cost base. Negative is- lower cost base could equate to more tax on any gain and no loss to offset. Positive is - you have skin back in the game and total control including ability to vote.

 

[CWP]

Doing the same - Retail self manage to personal SMSF. However, you may discover that you can’t transfer because the trustee owns shares on your behalf. You simply have an interest in the shares. You will be required to order on your retail holding. Take a loss and for go the loss (as in you can’t carry it over to your SMSF). Roll your retail self managed into your personal SMSF then buy the shares at the lower cost base. Negative is- lower cost base could equate to more tax on any gain and no loss to offset. Positive is - you have skin back in the game and total control including ability to vote.

Oh really, I hadn’t fully explored the technicalities as yet to be honest. So either way we have to solidify the actual loss and no share transfer is possible, that’s a proper kick in the guts if it eventuates…

 

[TheUnfairAdvantage]

Oh really, I hadn’t fully explored the technicalities as yet to be honest. So either way we have to solidify the actual loss and no share transfer is possible, that’s a proper kick in the guts if it eventuates…

Yep. Not happy. Should have done personal SMSF years ago. Could have done some trades without the 20% limitation. That limitation really held me back over the years.

The other negative of this process or positive, depends how the dice rolls. Going to be out of the market for a week or so whilst the sell, rollover and buy back occurs. Hoping like crazy the price drops after the sell. Worse case we get an announcement and the price rockets whilst I’m out. That scares me.

 

[IloveLamp]

 

[Deadpool]

Courtesy of roy from the dark side. Steve Brightfield full of beans as usual.

Neuromorphic Computing Delivers Low-Power AI

BrainChip’s Akida platform offers low-power, neuromorphic machine-learning capabilities.

www.electronicdesign.com

 

[Xray1]

Hi Manny,
Why do you think the BOD needed to mention the possibility of redomiciling so far in advance?
I mean, we aren't exactly excelling in bringing in meaningful revenue or capturing any major leads or licences ATM, so why do you think they needed to bring up the possibility of redomiciling before the AGM?
It's not as though we were all required to vote for it at this AGM, was it?
I just don't understand why they announced it when they did.
Why didn't they wait until there was more positive news to report (i.e. like new licenses being signed etc?), in which case the announcement would have elicited a much more positive response from shareholders????

IMO .... purely a diversionary tactic to distract shareholders who will be attending at the AGM from asking questions about the actual current and relevant issues concerning the BOD and CEO ongoing lack of IP Agreements and Revenue Streams from being generated.

 

[DK6161]

IMO .... purely a diversionary tactic to distract shareholders who will be attending at the AGM from asking questions about the actual current and relevant issues concerning the BOD and CEO ongoing lack of IP Agreements and Revenue Streams from being generated.

Yeah, but, but, they have so many more bookings though. Bookings, as in meetings with external people.
So we need to pay them bonuses otherwise they might leave us

 

[TheDrooben]

#ai #neuromorphic #intel #intelfoundry | BrainChip

BrainChip attended Intel Foundry Direct Connect this week in San Jose where they had the opportunity to engage in insightful discussions with industry peers, customers, and prospects on the next wave of semiconductor design. The team also showcased our BrainChip Akida technology and our latest...

www.linkedin.com

 

[jrp173]

Maybe best case scenario is a u.s. buyer is lurking in the background, offers the Company 15 billion of dollars (made up figure of course) and they say, right now Brainchip you need to buy back all the australian shares at ($6.27 AUD, the price that you quoted @jrp173 ) and then float it all on the u.s. market under our subsidiary name.

That's all the Australian shareholders have been bought out at the u.s. float price, done and dusted.
Well to me this would be a win win for us shareholders and a win win for the company to move smoothly to u.s.

Then we can all buy the u.s. shares as we wish.

Well I am hoping that my theory is actually reality. And I'm not dreaming, I'm wide awake at work number crunching lol

I'd take the money and run!

 

[TECH]

Courtesy of roy from the dark side. Steve Brightfield full of beans as usual.


View attachment 83546

Neuromorphic Computing Delivers Low-Power AI

BrainChip’s Akida platform offers low-power, neuromorphic machine-learning capabilities.

www.electronicdesign.com

Gidday,

Once again Steve was excellent, explained things very clearly and is obviously well up to speed with what our company is
working on, which to me indicates great communication, exactly the skills a marketing manager MUST possess.

If we lose Steve as a staff member I will be pretty pissed, the knowledge that vets have in this industry is worth many
younger staff combined in the early years as they get up to speed in my opinion.

As far as a diversionary tactic is concerned with the re domicile to the US, just don't engage with the BOD at the AGM until
after the meeting, then pump them with questions if you feel that not enough runway has been shared.

Remember, in real terms, we're talking early 2026 (8months off) including ALL the hurdles prior, I still have the feeling a
major company may have posed the question to the CEO/BOD about the future prospects of us positioning ourselves
if the right business opportunity presented itself and being positioned in the US could well streamline that forward process.

Just my two bobs worth, the conversations are really very premature, we hold the cards really with our vote, don't we?

Listen to the above podcast, excellent work Steve.

Tech.

 

[Space Cadet]

IMO .... purely a diversionary tactic to distract shareholders who will be attending at the AGM from asking questions about the actual current and relevant issues concerning the BOD and CEO ongoing lack of IP Agreements and Revenue Streams from being generated.

Not sure because the first question i would ask is how they could redomicile without deals and revenue being secured, so what revenue streams do you see being generated in the next 12 months? If they can't answer that then what is the point. Maybe they want to move to US to get away from Australian retail investors. That's us. Most companies use retail mum and dad investors to bleed dry, then move to sophisticated investors and funds etc. Maybe I'm starting to get cranky. Must be getting old.

SC

 

[buena suerte :-)]

Well well ...Last week I 'celebrated' (used very loosely) my 10th year anniversary.. Hip Hip Hooray!!!!

Has been a very painful decade owning BRN!!!!

Mr Buffet....I'm waiting!!!

Hopefully we all get something 'Substantial' Soooooon!!....

Same old... same old I know but we must be due at least 'One great announcement'!!??

Monday/Tuesday maybe!!! ....Hmnnnn

It's going to be one seriously heated AGM next Tuesday (Edit not Wednesday!! oops)!!

Good luck to all attending and get 'those' questions answered!!

Happy Weekend Chippers


Cheers