BRN Discussion Ongoing

[jrp173]

Many great posts being put forward, especially from our overseas poster Frangi, does this lady ever sleep anyway thanks from me.

Why no ASX announcements !? well it's very obvious why not.

Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company.

How can we provide genuine answers to material questions relating to potential revenue, when we as a company have absolutely no idea what sort of numbers could be potentially involved regarding IP revenue, chip volume orders, product sales equating to royalty revenues etc, we simply can't, so frustration has boiled over, this is not how things are done in "the USA".

Can I see things changing, absolutely not.
This pattern of newsfeed will be sourced from the current channels, accept it or not,
that's your choice moving forward.

Brainchip continues making forward strides, as frustrating as it is, we have proven, disruptive technology, time will eventually be our friend, trust your instincts.

Tech

"Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company."

One enormous problem with your comments, this is not a private company that belongs to Antonio, this is a publicly listed company, it belongs to ALL shareholders. He doesn't get to decide...

This is clearly your opinion only and not Antonio's, as we can all see from Sean and Antonio's comments at the AGM this year..

Firstly from Sean at the AGM..., As we look into 25, our focus is laser sharp on 4 critical objectives, Objective Three, improve our investor relations to give stakeholders clear, transparent and top tier communication that reflect our commitment to shareholder engagement.

And from Antonio at the AGM - If we do a deal with customer A, right, trust me, Brainchip has no problem at all, right, trying to get information out, whether it be to the ASX or to the general market that we did business with Customer A, we absolutely want to do that. It, it promotes our brand, it shows the market that more people are utilizing our technology. It makes shareholders happy.

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

And it is an active discussion at the board in terms of how we can fulfill non price sensitive announcements. That message has been heard. Look, I'll fall on the sword, right? Given the history of the company, I have swung whoops, apologies, I have swung the pendulum the other way in terms of being conservative, right? I don't want to get the company into trouble. I'm being too conservative.

I'll take the heat. Please shoot all arrows at me. Not my fellow board members, not Sean, that is Antonio. I'm too conservative, right?

I'm gonna fix that. I will fix that.

---------------------------------------------

It's amazing that any shareholder would try and excuse or justify Antonio's (and the company's) behaviour that is hurting the company and the share price.

 

[MDhere]

I have a feeling we are not far away from some big news, (on asx) and my guess is that it will be about either drones with Arquimea and Prophesee or with Tata. Then again maybe with a flood of others companies with other products. Feeling very positive about the drone market for Brainchip.

BrainChip gives the edge to search and rescue operations​

This was from an article back in April but it re-enforces my recent posting regarding drones with Brainchip capability.

Have a great weekend fellow brainers.

MD

 

[Guzzi62]

This 'nastiness' you describe Tech is a few years old now.
Also, I am sceptical too that the fault lies completely with the ASX.
There is absolutely no excuse why our X
posts about new partners etc. cannot be put up as Non price Ann's on the ASX.

No excuse at all.

I hold and have held various companies and their random non-price Ann's could also be considered 'pumping' far worse than any X post we have put out recently. Antonio said he listens, but the slug doesn't.

The reason why we are a 20 cent company is because of our pathetic management who seems to think Brainchip is their company and not us Shareholders and Peter's etc.

There is better comms, attempts to get market attention and more transparency in some of the dodgiest crypto companies I have dealt with than Brainchip. This just upsets me.
Anyway, I don't blame the ASX. How the hell do we think we can go to High School (Nasdaq) when we can't even graduate from Kindy yet (ASX)?

There is nothing wrong with the management, IMO.

Okay, Antonio's remarks about moving were unfortunate to put it mildly, not a fan of him at all.

Anyway, he is not running the show, Sean is, and he is slowly lining the ducks up in a row for deeper marker penetration IMO.

Edge AI is just starting now, and the big players are still kicking the tires, testing, evaluating which technology to use and on where to use it.

They are planning years ahead, and they want to make sure they are on the right track before committing.

Smaller players are way more flexible, hey BRN can we buy Akida1000, let's say 500 for starters for our drones?

Space, aerospace and military based companies wants the best they can get, no money spared, and we have a foot in the door already.

The Technology Roadmap was presented during the AGM and shows how the company is maturing, something big companies wants to see.

Okay, they mean business, let's check them out.

The university program is also an excellent way of spreading the word about the technology, new graduates moving onto the industry and can help implement Akida from their experiences experimenting with same.

From what I see, I think we will eventually get there, a step closer each day.

I hope we can stop mentioning the bears and swing traders over on the toilet, you are just giving them free press by doing so.

I have them all on ignore and don't read their toilet posts. A few excellent posters on there and I read their posts off course.

 

[jrp173]

Just an example...

For all the arguments and reasons that BrainChip throw out about why they can't make ASX announcements, they should take a leaf out of Droneshield's book. No naming of their customer..

I'd encourage every shareholder to read, to see how other ASX companies make ASX announcements without naming client names.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02961561-2A1604770&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

 

[Fullmoonfever]

"Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company."

One enormous problem with your comments, this is not a private company that belongs to Antonio, this is a publicly listed company, it belongs to ALL shareholders. He doesn't get to decide...

This is clearly your opinion only and not Antonio's, as we can all see from Sean and Antonio's comments at the AGM this year..

Firstly from Sean at the AGM..., As we look into 25, our focus is laser sharp on 4 critical objectives, Objective Three, improve our investor relations to give stakeholders clear, transparent and top tier communication that reflect our commitment to shareholder engagement.

And from Antonio at the AGM - If we do a deal with customer A, right, trust me, Brainchip has no problem at all, right, trying to get information out, whether it be to the ASX or to the general market that we did business with Customer A, we absolutely want to do that. It, it promotes our brand, it shows the market that more people are utilizing our technology. It makes shareholders happy.

We have a relationship with the ASX. We've talked to the ASX. We have made it clear to the ASX how we do business. Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation.

And it is an active discussion at the board in terms of how we can fulfill non price sensitive announcements. That message has been heard. Look, I'll fall on the sword, right? Given the history of the company, I have swung whoops, apologies, I have swung the pendulum the other way in terms of being conservative, right? I don't want to get the company into trouble. I'm being too conservative.

I'll take the heat. Please shoot all arrows at me. Not my fellow board members, not Sean, that is Antonio. I'm too conservative, right?

I'm gonna fix that. I will fix that.

---------------------------------------------
Unfortunately it's attitudes and comments like yours, that encourage this poor behaviour from BrainChip to continue.

It's amazing that any shareholder would try and excuse or justify Antonio's behaviour that is hurting the company and the share price.

The problem is this statement:

"Right. And we will absolutely, when something we deem is truly material to the shareholders, we will absolutely put it on ASX. We understand that obligation."

Of course he understands the obligation to Ann on market anything deemed material but it's the "we" but that is annoying.

The ASX guidance outlines what could be deemed material and it revolves around "a reasonable person" as I posted previously.

Personally I would consider most SHs to be "reasonable people" and as such if they all seem to believe there could be an influence on the SP by even non sensitive Anns then Antonio should be doing it...not the attitude of "we" (meaning him apparently as he makes the decision to Ann or not) deciding.


Important Considerations:

• Materiality:
  The key factor in determining whether information needs to be disclosed is its materiality. Information that a reasonable person would expect to influence the share price is considered material and must be disclosed unless an exception applies.

• Reasonable Person Test:
  The "reasonable person" test is crucial in determining whether information is material and whether an exception applies.

 

[Fullmoonfever]

Just an example...

For all the arguments and reasons that BrainChip throw out about why they can't make ASX announcements, they should take a leaf out of Droneshield's book. No naming of their customer..

I'd encourage every shareholder to read, to see how other ASX companies make ASX announcements without naming client names.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02961561-2A1604770&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

View attachment 88096

Geez....there's that "reasonable person" rationale haha. Maybe AV should read some of those Anns to get feel as to how it's done.

 

[Getupthere]

It’s clear that management hasn’t fully utilised the ASX for price-sensitive and non-sensitive announcements. One reason for this is that the lower the price, the more shares they can get.

They are not aligned with shareholders.

 

[Diogenese]

Just an example...

For all the arguments and reasons that BrainChip throw out about why they can't make ASX announcements, they should take a leaf out of Droneshield's book. No naming of their customer..

I'd encourage every shareholder to read, to see how other ASX companies make ASX announcements without naming client names.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02961561-2A1604770&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

View attachment 88096

Yeah, but ...

"a defence end customer in a LATAM country" is pretty much the same as "a major north American vehicle manufacturer" and that didn't end well for us. So there's meat for the goose, sauce for the gander ...

 

[Diogenese]

Geez....there's that "reasonable person" rationale haha. Maybe AV should read some of those Anns to get feel as to how it's done.

That's the bloke the English Courts of Equity recognized as the man on the Clapham omnibus - bowler and pin stripes.

 

[Deleted member 3781]

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[DingoBorat]

hmmmm not sure on that, maybe, but i'm curious as to why they would have used a dji tello to practice their capabilities in the first place, so maybe another drone provider will adapt this with akida if dji can not?

DJI is the largest drone manufacturer in the World, so would be great to be involved, but seeing as they're Chinese, I don't think it's likely..


"Skydio is the leading U.S. drone manufacturer and world leader in autonomous flight technology"

Anduril, is probably a good bet for our tech, in "their" various land/sea/air military drone technologies, but seeing as they have a philosophy of being able to easily outsource the production of their products, I can see Skydio (not to be confused with a high Dio) as being a recipient of US government funds, to bolster "their" Enterprise..

As well as Skydio itself, looks like a perfect fit for our technology, seeing as they already claim to be "World leaders" in autonomous flight..

BrainChip, would have purposely used, a "generic" DJI drone, as using a Skydio one, would literally "spill the beans"..

And we wouldn't want any unnecessary excitement here, would we...



Edit... Of course Dallas's post, on chips to China, now possibly opens the door to DJI, but we would be well behind there, as we wouldn't have been able to entertain that prospect earlier..

Not keen on dealing with China anyway..

 

[DingoBorat]

I agree Bravo, I've always been intrigued on Rob's random words within his deliveries. I had thought of Benji character which was Higgins in real life and often thought that Rob would want to bring "Higgins" (Benji) back to life via robot form. To me that makes sense and how better to do it with naming it Higgins. Well that was my thoughts on it at the time.

It makes more sense, if Higgins was the dog actor in C.H.O.M.P.S.
"Canine HOMe Protection System"
But it was after Higgins had died, which was 1975.



Loved that film as a kid..

 

[manny100]

Nah, just pushing an agenda.
Damning with faint praise.
Twisting and perverting everything to impart a negative spin and happily implying white is black and vice versa, all cloaked in the arguments provided by genuine holder's over the years.
Similar to t&j, dolci and a veritable host of others who dominate the whole stinking cesspit.

Agree, stockhound is always sniffing around TSE or perhaps stalking.
Wants crapper posters to believe he/she is a genuinely concerned holder. No one believes it
Would a sane person serially negative/downramp post in an effort to destroy the value of their own investment?
His/her persona has worn out its crapper credibility. Probably time to retire it and get a fresh start over there with a new name.

 

[manny100]

Many great posts being put forward, especially from our overseas poster Frangi, does this lady ever sleep anyway thanks from me.

Why no ASX announcements !? well it's very obvious why not.

Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company.

How can we provide genuine answers to material questions relating to potential revenue, when we as a company have absolutely no idea what sort of numbers could be potentially involved regarding IP revenue, chip volume orders, product sales equating to royalty revenues etc, we simply can't, so frustration has boiled over, this is not how things are done in "the USA".

Can I see things changing, absolutely not.
This pattern of newsfeed will be sourced from the current channels, accept it or not,
that's your choice moving forward.

Brainchip continues making forward strides, as frustrating as it is, we have proven, disruptive technology, time will eventually be our friend, trust your instincts.

Tech

Nailed it Tech. But I would like to see some more non price sensitive anns.
News releases in the US are covered by the ASX listing rules and subject to ASX scrutiny.
If the ASX believed any of those News releases should be announced here they would have forced the issue with BRN.
Social media posts by the company or employees are also subject to ASX scrutiny.
Lack of action by the ASX implies that they believe BRN is behaving correctly.
The key consideration by the ASX is that all holders have equal access to information considered material enough to move the SP. That is why sudden large share price rises without an announcement are followed by an ASX 'please explain'.
I have no doubt holders have complained to the ASX about lack of Ann's.

 

[Rskiff]

Many great posts being put forward, especially from our overseas poster Frangi, does this lady ever sleep anyway thanks from me.

Why no ASX announcements !? well it's very obvious why not.

Antonio has simply had enough of the ASX, their attitude, their nastiness towards our company.

How can we provide genuine answers to material questions relating to potential revenue, when we as a company have absolutely no idea what sort of numbers could be potentially involved regarding IP revenue, chip volume orders, product sales equating to royalty revenues etc, we simply can't, so frustration has boiled over, this is not how things are done in "the USA".

Can I see things changing, absolutely not.
This pattern of newsfeed will be sourced from the current channels, accept it or not,
that's your choice moving forward.

Brainchip continues making forward strides, as frustrating as it is, we have proven, disruptive technology, time will eventually be our friend, trust your instincts.

Tech

@TECH re ASX, to me it is like a sports team that have been competing for many seasons and every game they get hammered by the ref. Does the team either complain about the refs calls, or do they adjust to the refs interpretations of the game? All these years on this planet, I have noted that winning teams are able to quickly adjust and adapt in order to win. As many here have pointed out that other ASX companies that face similar situations to BRN, they announce to ASX requirements, seems easy. thanks

 

[TECH]

Nailed it Tech. But I would like to see some more non price sensitive anns.
News releases in the US are covered by the ASX listing rules and subject to ASX scrutiny.
If the ASX believed any of those News releases should be announced here they would have forced the issue with BRN.
Social media posts by the company or employees are also subject to ASX scrutiny.
Lack of action by the ASX implies that they believe BRN is behaving correctly.
The key consideration by the ASX is that all holders have equal access to information considered material enough to move the SP. That is why sudden large share price rises without an announcement are followed by an ASX 'please explain'.
I have no doubt holders have complained to the ASX about lack of Ann's.

Nicely worded, maybe things will change moving forward, but at present my opinion is that they won't...but I'm always wrong

 

[DingoBorat]

I can see a massive IP deal coming next week!
Honest!
Please believe me, I can see it!!

 

[Tezza]

Just an example...

For all the arguments and reasons that BrainChip throw out about why they can't make ASX announcements, they should take a leaf out of Droneshield's book. No naming of their customer..

I'd encourage every shareholder to read, to see how other ASX companies make ASX announcements without naming client names.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02961561-2A1604770&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

View attachment 88096

Maybe send that ann to Antonio!

 

[manny100]

Nicely worded, maybe things will change moving forward, but at present my opinion is that they won't...but I'm always wrong

I agree with you. The ASX are not concerned at all about News releases in the US not being announced here so change is unlikely.
The ASX may prefer it this way as they may be concerned that an announcement for example concerning the Chelpis (and others) partnership might get investors over excited.
If the ASX disagreed with BRN concerning ANNs they would have been onto them a long time ago.

 

[manny100]

I can see a massive IP deal coming next week!
Honest!
Please believe me, I can see it!!


View attachment 88100

Off to spec savers next week with the rest of us.