BRN Discussion Ongoing

[MDhere]

DId you ask Peter if he is giving away more shares this year? What's his plan anyway?
Giving them away at this level and then being dumped straight into the market did not do us any favour.

Hey DK,
I had a number of general questions and I am happy with the interaction.
Thought I would share the enthusiasm from the founder for a little pick me up to Bravo. Don't mind how you take that DK.
Sell your shares to get to the next AGM and you can ask him yourself.

 

[manny100]

TRIM

I found the report fairly superficial on the tech front. It recites some tech facts and some "alternative" tech facts, but does not evince a deep understanding of the tech.

It is also unduly pessimistic on the commercialization front.

While Table 12 lists numerous partnerships and collaborations, this passage from page 15 does not these into account in calculating the time to market, relying instead on the signing of IP licences as the starting point:

"Until BrainChip earns any royalties from its licensing agreements, then it is expected to run at a loss. However, there is significant uncertainty as to when this will happen since it also depends on how long it will take the licensees to develop and manufacture their products that use the Akida IP. According to BRN management, it could take a minimum of 2-3 years for simpler consumer applications or 5-10 years for more complex industries such as automotive, industrial, etc. Hence, we developed several scenarios as to the timing of royalty revenues. Our valuation largely hinges on the prospects after 5 years (2030 onwards), since we don’t expect any current licensees to have any products developed/launched within the next 5 years (there hasn’t been any significant activity in terms of product development with regards to licensees Renesas and MegaChips, according to BrainChip)."

As we have seen customers like Onsor can spring up fully formed. We have had a partnership with Prophesee for several years, and Arquimea suddenly appears:

https://brainchip.com/brainchip-gives-the-edge-to-search-and-rescue-operations/

FG/ESA, BH/DoD, RTX/AFRL- the green shoots have sprouted and are beginning to bear fruit. How many of these partnerships are about to break through the topsoil?

I consider the M2 cybersecurity board (QV/Celpis?) to have a massive unmet market.

That section of the report serves to pour a little cold water on expectations.
Sean at the AGM did say he expected take up from smaller business. That would be due to shorter timeframes.
As you say cybersecurity seems to have a lot of potential on a shorter timeframe.

 

[IloveLamp]

https://www.linkedin.com/in/sandra-mikich?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

 

[IloveLamp]

#ai #semiconductors #nvidia #amd #innovation | Anthony Testing

In 2025, the AI chip industry has been marked by groundbreaking innovations and strategic alliances, capturing the attention of tech enthusiasts and industry experts alike. The rapid growth in AI capabilities is not just a wave; it's a tsunami reshaping the global tech landscape. Leading the...

www.linkedin.com

 

[jrp173]

Antonio can’t remember if he did or didn’t kill it
He can’t remember if he paid for this trim report

This is a big nudge to the shareholders to get out now we don’t want you here
And we will only be worth a dollar if your lucky
So sell now and maybe be lucky to get something back

This will send the price south for sure
Another classic from the non management of Brainless chip

I am annoyed that they released this
Why
Why
Antonio should release it as a price sensitive asx announcement
lol
It’s becoming a fricken joke a laughing stock
Rant over

Totally agree.

And this was absolutely should been released as a price sensitive asx announcement. This is the problem with having American management and Australian Non Executives that are weak and clearly never challenge the board on anything. No point in having them.

The American's just do what ever they want with zero consideration for shareholders.

If there was any doubt about our management previously, surely people are seeing them for what they truly are...

And don't forget the Trim Report is dated 5 May, one day before our AGM!

Unbelievable that people voted on RSUs for Sean, and they hid this report until after the AGM. Absolutely disgraceful.

 

[HopalongPetrovski]

Get a grip people.
Some mob of self appointed experts has put out a report forecasting possible futures.
Remember a year or so ago, when that shorter mob put out theirs, citing all the red flags?
Remember how the shills and manipulators over on the crapper seized upon it and gleefully used it to sow Fear Uncertainty Doubt?
Same game, different alias's who are now colonising here as well.
Buy Sell Hold. These are our options at any given point in time.
All the wanna be catastrophising and doom calling is either intended manipulation or else just standard trolling.
Don't get sucked into their game.

 

[MDhere]

View attachment 84484

Get a grip people.
Some mob of self appointed experts has put out a report forecasting possible futures.
Remember a year or so ago, when that shorter mob put out theirs, citing all the red flags?
Remember how the shills and manipulators over on the crapper seized upon it and gleefully used it to sow Fear Uncertainty Doubt?
Same game, different alias's who are now colonising here as well.
Buy Sell Hold. These are our options at any given point in time.
All the wanna be catastrophising and doom calling is either intended manipulation or else just standard trolling.
Don't get sucked into their game.

i really dislike that movie

 

[jrp173]

I haven’t had time to fully digest all the information yet, so the following is my VERY preliminary opinion, for what little that counts.

That said, at first glance, this appears as though it could be the Board’s way of nudging shareholders toward accepting a predetermined sale price, potentially around $1.00 per share, possibly to a party like ARM, for instance.

I don't know what else to make of this to be honest.,

Hi Bravo, I wouldn't be surprised if you are on to something here.

Flicking between TSE and HC (in my opinion) shareholders are becoming worn down and are questioning what is going on with BRN.

Why would the company put out a price sensitive announcement (that was not even required) to discuss a potential reconcile (that could result in a 25:1 consolidation, hold an AGM where the Chairman verbally attacks shareholders and is a exceptionally rude to shareholders when questions were asked that he did not like, and finally publish a research report that is almost bordering on self sabotage...

Maybe they want us so despondent, that we'd snap their hands off if we were offered $1 (or even less) for a take over....

Something is not right here...

Would love to hear your thoughts when you've read the report in it's entirety.

Another question... why would they also post it under linked in??? I mean can you imagine a new potential investor reading this report with statements like this:

 

[dpxmusic]

Blurb in Yahoo Finance / Simply Wall St.
https://finance.yahoo.com/news/3-promising-asx-penny-stocks-200230943.html

BrainChip Holdings​

Simply Wall St Financial Health Rating:★★★★★★
Overview: BrainChip Holdings Ltd develops software and hardware solutions for artificial intelligence and machine learning across various regions, with a market cap of A$476.05 million.
Operations: The company generates revenue from its segment focused on the technological development of designs, amounting to $0.40 million.
Market Cap: A$476.05M
BrainChip Holdings, with a market cap of A$476.05 million, is pre-revenue, generating US$398K annually. Despite its unprofitability and negative return on equity (-123.22%), the company remains debt-free with short-term assets surpassing liabilities. BrainChip's recent collaborations highlight its Akida technology's potential in AI applications; partnerships include projects for post-quantum cryptographic security and AI-powered water safety solutions. The company's cash runway extends over a year under current conditions, but volatility remains high compared to most Australian stocks. Management tenure averages 1.4 years, indicating relatively new leadership guiding these strategic initiatives forward.

• Click here to discover the nuances of BrainChip Holdings with our detailed analytical financial health report.
• Assess BrainChip Holdings' previous results with our detailed historical performance reports.

 

[supersonic001]

#edgeai #akida #embeddedvision | BrainChip

BrainChip is excited to return to the Embedded Vision Summit taking place May 20-22 in Santa Clara. This leading event brings together innovators in computer vision, AI, and edge computing to explore the latest advancements in embedded vision technology. BrainChip will showcase how Akida...

www.linkedin.com

 

[jrp173]

Hi Bravo,
Because your statement seems to be lacking objectivity.
The report is a crock of shite.
Anybody that thinks that BrainChip is going to take that long to gain traction from where are at this point in time, is wrong.
AI is moving at blinding speed and we are in the right place at the right time.

@White Horse, my concern is that this report has been commission by BrainChip. BrainChip provided the information to Trim, and BrainChip signed off AND published the findings.

If BrainChip though the report was a crock of shite, why would they have published it publicly?

They own the report and did not have to publish it... so I'm at a loss as to what is happening here...

 

[Cardpro]

Well... it's true that none of the previous relationships have eventuated to generating meaningful revenues, we do not have any track record... even after the IP contracts, both Renesas and MegaChips have not yet paid us meaningful royalties after years... of course, there are many partnerships/EAPs as well...

 

[Tezza]

Surely we are not waiting till 2030 to be at $1! we will need a hefty cr if that's the case.

 

[Cardpro]

Surely we are not waiting till 2030 to be at $1! we will need a hefty cr if that's the case.

Tbh, if we are sitting on $1, that would at least mean we are actually going somewhere, it's still much better than 22 cents, lol

It's like 40% - 50% return per year

 

[7für7]

The valuation, according to the report is CURRENTLY $1 AUD.

 

[miaeffect]

 

[Fullmoonfever]

@White Horse, my concern is that this report has been commission by BrainChip. BrainChip provided the information to Trim, and BrainChip signed off AND published the findings.

If BrainChip though the report was a crock of shite, why would they have published it publicly?

They own the report and did not have to publish it... so I'm at a loss as to what is happening here...

Admittedly, I've only just started to skim this report and either I'm just having a boy look or I fail to see where it specifically declares that BRN commissioned the report or that Trim / Author(s) received a benefit for doing so?

The disclaimers are the usual "sit on the fence" ambiguous disclaimers to meet regulatory requirements at a minimum imo.

For those saying it should be a ASX Ann, well, the ASX updated the rules a few years ago to stop companies from doing exactly that, hence it's up on their website / socials.

Given BRN did post it, I suspect they are merely trying to provide access to something written for and targeted to wholesale clients, for the wider audience.

Whether they paid for it could be debated, whether they even read it could be debated though, to save a lot of unnecessary posts and angst in forums, I personally prefer they hadn't bothered, but I get it.

It can provide an insight to different methodologies, pros / cons, upside / downside.

Whether you agree with, or even fully understand the content in its entirety, is up to the individual to interpret, get advice on and decide.

No clear categorical statement of being commisioned...why not if it was?

The company covered in this report is currently or may in the future be a research client of Trim Cap Pty Ltd (AR 1276369, ABN 87643977351) a Corporate Authorised Representative of.

Is there any information in the report we can find that isn't available publicly and could have only come from BRN themselves?

The information used to write this report is from public sources only,
including any assistance or information provided by the company for the purposes of preparing this report


ASIC Requirements of research reporting.

HERE

Guidance update on research reports on ASX platform.

ASX updates its guidance on research reports on it... | Clayton Utz

ASX revised guidance concludes that entities should generally not release announcements referring to research reports.

www.claytonutz.com

 

[manny100]

I haven’t had time to fully digest all the information yet, so the following is my VERY preliminary opinion, for what little that counts.

That said, at first glance, this appears as though it could be the Board’s way of nudging shareholders toward accepting a predetermined sale price, potentially around $1.00 per share, possibly to a party like ARM, for instance.

I don't know what else to make of this to be honest.

From page 4 of the report. Probably already been posted.
" We see ARM Holdings as potential acquirer due to its size, resources, proximity/affiliation, and similarity in business model. Consumer electronics, automotive, and IoT are industries that ARM operates in but has less than 50% market share; These are industries where Edge AI is likely to be applied and BrainChip’s technology may be the one of the avenues for ARM to further penetrate this field."

 

[Rach2512]

Would the report not be posted on their website, has it? I can't find it bit that doesn't mean much. Is anyone able to post the link from their website. Many thanks

 

[Rach2512]

Microsoft open-sources bitnet.cpp: a fast, energy-efficient AI framework | Akshay Pachaar posted on the topic | LinkedIn

Microsoft just changed the game! 🔥 They've open-sourced bitnet.cpp: a blazing-fast 1-bit LLM inference framework that runs directly on CPUs. Why is this a game-changer❓ You can now run 100B parameter models on local devices with up to 6x speed improvements and 82% less energy consumption—all...

www.linkedin.com

Thoughts?