BRN Operational Losses And Other Financial Factors Since 2019

[Dave Evans]

I love your assessment and only one suggestion.
Brainchip does not suit your taste at this point may be come back later.
Dyor

@rgupta I liked your post on another thread so I thought I would put it here. It appears some investors have knowledge when it comes to tech but not when it comes to stocks.

Lots of questions around super funds and delisting from the ASX. In the most basic terms, whether you are an investor or a trader, the most important thing IMO is being able to access your stocks directly and immediately. Having your stocks in super funds and not listed on the ASX prevents both of these actions.

The way the BOD has run BRN over the last years I suspect the main reason they are considering delisting from the ASX is this one stated in their announcement

Reduce regulatory compliance, costs and disclosure obligations

As far as redomiciling to the US, IMO to suggest it reduces costs and is good for Australian investors and provides access to foreign investors who have previously been unable or unwilling to invest is laughable. We have just had LDA Capital dilute the SOI by another 40million shares.

Anyway @rgupta thanks for the comments that I have posted below, I couldn’t agree more

…. anything can happen but whether you like it or not the timing of announcements are very bad. There was pressure on sp because of Anil news, then .4 million annual revenue only, then 40 million on market sale and still that may not be sufficient for 20 million drawdown before June 2025 and then moving to US.

Then on March 7 we may be out of asx300 as well. As on date there was no time when brainchip made any announcement during on market sell off. We are continuous on market sell off for almost last 2 years.

I do not know what is the plan with the management but in last 3-4 years since Sean is in charge of management looks out of ideas on sp.

If you look at decisions made by current management it looks more favourable to shorters than to holders except that small window of opportunity during mercedes news even at that time a lot of effort was made by shorters to raise the sp to 2.34 and then start shorting to 15 cents.

There is no doubt we have a world class technology but do we have a world class management? I will say that raises questions up to now. Let the management prove their worth to holders otherwise they are losing it in a big way. No one wants to invest with weak leaders. Now the ball is in Sean's court to prove his strategy is working otherwise I do not think either we are moving to US or Sean and team is staying as in charge of show.

 

[Pom down under]

@rgupta I liked your post on another thread so I thought I would put it here. It appears some investors have knowledge when it comes to tech but not when it comes to stocks.

Lots of questions around super funds and delisting from the ASX. In the most basic terms, whether you are an investor or a trader, the most important thing IMO is being able to access your stocks directly and immediately. Having your stocks in super funds and not listed on the ASX prevents both of these actions.

The way the BOD has run BRN over the last years I suspect the main reason they are considering delisting from the ASX is this one stated in their announcement

View attachment 78442

Reduce regulatory compliance, costs and disclosure obligations

As far as redomiciling to the US, IMO to suggest it reduces costs and is good for Australian investors and provides access to foreign investors who have previously been unable or unwilling to invest is laughable. We have just had LDA Capital dilute the SOI by another 40million shares.

Anyway @rgupta thanks for the comments that I have posted below, I couldn’t agree more

…. anything can happen but whether you like it or not the timing of announcements are very bad. There was pressure on sp because of Anil news, then .4 million annual revenue only, then 40 million on market sale and still that may not be sufficient for 20 million drawdown before June 2025 and then moving to US.

Then on March 7 we may be out of asx300 as well. As on date there was no time when brainchip made any announcement during on market sell off. We are continuous on market sell off for almost last 2 years.

I do not know what is the plan with the management but in last 3-4 years since Sean is in charge of management looks out of ideas on sp.

If you look at decisions made by current management it looks more favourable to shorters than to holders except that small window of opportunity during mercedes news even at that time a lot of effort was made by shorters to raise the sp to 2.34 and then start shorting to 15 cents.

There is no doubt we have a world class technology but do we have a world class management? I will say that raises questions up to now. Let the management prove their worth to holders otherwise they are losing it in a big way. No one wants to invest with weak leaders. Now the ball is in Sean's court to prove his strategy is working otherwise I do not think either we are moving to US or Sean and tema is staying as in charge of show.

Probably your one and only decent post

 

[rgupta]

@rgupta I liked your post on another thread so I thought I would put it here. It appears some investors have knowledge when it comes to tech but not when it comes to stocks.

Lots of questions around super funds and delisting from the ASX. In the most basic terms, whether you are an investor or a trader, the most important thing IMO is being able to access your stocks directly and immediately. Having your stocks in super funds and not listed on the ASX prevents both of these actions.

The way the BOD has run BRN over the last years I suspect the main reason they are considering delisting from the ASX is this one stated in their announcement

View attachment 78442

Reduce regulatory compliance, costs and disclosure obligations

As far as redomiciling to the US, IMO to suggest it reduces costs and is good for Australian investors and provides access to foreign investors who have previously been unable or unwilling to invest is laughable. We have just had LDA Capital dilute the SOI by another 40million shares.

Anyway @rgupta thanks for the comments that I have posted below, I couldn’t agree more

…. anything can happen but whether you like it or not the timing of announcements are very bad. There was pressure on sp because of Anil news, then .4 million annual revenue only, then 40 million on market sale and still that may not be sufficient for 20 million drawdown before June 2025 and then moving to US.

Then on March 7 we may be out of asx300 as well. As on date there was no time when brainchip made any announcement during on market sell off. We are continuous on market sell off for almost last 2 years.

I do not know what is the plan with the management but in last 3-4 years since Sean is in charge of management looks out of ideas on sp.

If you look at decisions made by current management it looks more favourable to shorters than to holders except that small window of opportunity during mercedes news even at that time a lot of effort was made by shorters to raise the sp to 2.34 and then start shorting to 15 cents.

There is no doubt we have a world class technology but do we have a world class management? I will say that raises questions up to now. Let the management prove their worth to holders otherwise they are losing it in a big way. No one wants to invest with weak leaders. Now the ball is in Sean's court to prove his strategy is working otherwise I do not think either we are moving to US or Sean and tema is staying as in charge of show.

Dave I donot think that is the only point. But if that is the only reason being quoted upto the end without showing any positive results or any other good reason, then I will say deal may not go through and 2025 is going be a devastating year for holders
Dyor

 

[Dave Evans]

Dave I donot think that is the only point. But if that is the only reason being quoted upto the end without showing any positive results or any other good reason, then I will say deal may not go through and 2025 is going be a devastating year for holders
Dyor

There’s a difference between people who are good at tech and people who are good at business. I don’t think BRN’s management team are good at business, they stuck with the IP strategy and just continue to make the same excuses.

What use is having 50 IP’s when no one wants to pay royalties. Years have gone by and all I have seen is more talk and more hype of partnerships.

Companies only give their profits away in royalties if they are going to make huge profits as a direct result of incorporating a product or if it’s the only way they can make those profits.

In the meantime others have been catching up and countries like China (who are known for stealing technology) are likely developing their own versions and BRN’s so called partners could be doing the same thing.

Maybe management have tried to spread their tech across to broad a spectrum and missing a more targeted business plan.

Do you think if the US used BRN’s tech in missile defence systems, that China wouldn’t get access to the tech and counter the US strategy. Or do you think the US wouldn’t just take the tech and develop their own version without paying royalties for it. It is the US remember, and by now everyone has seen what Trump and Musk are capable of.

Do you think there are many people driving around in MB’s or having smart devices in their home that have their air conditioners running and their lights turned on in different rooms to different brightness settings when they get home, have fridges that tell them if their eggs are out of date and a robot cooking their dinner.

BRN’s tech has been out there for a while now, so many supposed uses only no one incorporating it and now management proposing delisting from the ASX. Here’s a thought, it’s not the ASX or Australian investors that’s costing the company millions in losses. In fact if it’s anything, it’s only the investors that have kept the company going.

 

[rgupta]

There’s a difference between people who are good at tech and people who are good at business. I don’t think BRN’s management team are good at business, they stuck with the IP strategy and just continue to make the same excuses.

What use is having 50 IP’s when no one wants to pay royalties. Years have gone by and all I have seen is more talk and more hype of partnerships.

Companies only give their profits away in royalties if they are going to make huge profits as a direct result of incorporating a product or if it’s the only way they can make those profits.

In the meantime others have been catching up and countries like China (who are known for stealing technology) are likely developing their own versions and BRN’s so called partners could be doing the same thing.

Maybe management have tried to spread their tech across to broad a spectrum and missing a more targeted business plan.

Do you think if the US used BRN’s tech in missile defence systems, that China wouldn’t get access to the tech and counter the US strategy. Or do you think the US wouldn’t just take the tech and develop their own version without paying royalties for it. It is the US remember, and by now everyone has seen what Trump and Musk are capable of.

Do you think there are many people driving around in MB’s or having smart devices in their home that have their air conditioners running and their lights turned on in different rooms to different brightness settings when they get home, have fridges that tell them if their eggs are out of date and a robot cooking their dinner.

BRN’s tech has been out there for a while now, so many supposed uses only no one incorporating it and now management proposing delisting from the ASX. Here’s a thought, it’s not the ASX or Australian investors that’s costing the company millions in losses. In fact if it’s anything, it’s only the investors that have kept the company going.

You have some valid points. Regarding ip sales arm was successful because apple had interest in that technology
But with brainchip we started trying commercialization with studio, then move to akida 1000, then to akida 2000 and now to US.
I believe tech is there but business acumen is not there. The second biggest thing is company is running on retail investor and without a powerful force everyone wants to run their own way. Sean was brought in for commercialization of akida 1000 and 1st thing he did, he told us that the product is not as versatile as the market expect and when frontgrade ask for the same product, he told us this product have utalisation only to few specific cases and space is one of them. So if the utalisation is there then why cannot we work hard to commercialize the existing product but trying to build new ones and letting sales team escape from their responsibility.
Regarding biggest factor of 4 bits and 8 bits deep seek proves the fact that bits can be reduced to make model sizes all. PVDM is saying the same thing for last many years but our sales team does not understand the concept and they still donot understand that we have to sell something to survive.
To me without showing us sone concrete results this management is losing faith. Yes I am losing money and there are many others may be, and hopefully they will remove this management with significant results. It should be considered do or die movement for Sean.
Dyor

 

[Dave Evans]

BRN has a subsidiary in the US and the US market already has access to BRN so to suggest it provides access to investors who have not been able, in my view is just a sales pitch and suggesting that redomiciling protects Australian shareholders is an even more far fetched sales pitch.

If BRN’s BOD thought that redomiciling would result in greater revenue they could easily dual list. Redomiciling is often coupled with capital raises and acquisitions and while some shareholders continue to speculate that BRN might have a deal going on behind the scenes, if a deal was going on, there is no reason to delist from the ASX when they could dual list.

The only deals I imagine being evaluated in the background are ones where KMP get new positions and remunerations in a new company after accepting a cheap takeover in the US once it’s delisted from the ASX.

Unsurprisingly, Morningstar recently downgraded BRN’s SP from $0.22 to $0.18 following years of unprofitable partnerships, capital raises, quoted and unquoted securities, operational losses, lack of revenue, the recent announcement that Anil sold 30million shares (15million ahead of the 2023 drop in SP and recently another 15million ahead of the current drop in SP) and now the BOD saying they are considering delisting from the ASX and redomiciling to the US.

Every day you read more hype on LinkedIn (like the latest one about the event in Germany this week). The BOD is stuck in its own fixed way of doing things and whether or not they understand investors are sick of the hype, the boy who cried wolf and the groundhog day approach, they seem to be continuing this approach and now hoping shareholders believe that redomiciling will get them out of this pickle. Only it doesn’t work that way.

 

[Pom down under]

BRN has a subsidiary in the US and the US market already has access to BRN so to suggest it provides access to investors who have not been able, in my view is just a sales pitch and suggesting that redomiciling protects Australian shareholders is an even more far fetched sales pitch.

If BRN’s BOD thought that redomiciling would result in greater revenue they could easily dual list. Redomiciling is often coupled with capital raises and acquisitions and while some shareholders continue to speculate that BRN might have a deal going on behind the scenes, if a deal was going on, there is no reason to delist from the ASX when they could dual list.

The only deals I imagine being evaluated in the background are ones where KMP get new positions and remunerations in a new company after accepting a cheap takeover in the US once it’s delisted from the ASX.

Unsurprisingly, Morningstar recently downgraded BRN’s SP from $0.22 to $0.18 following years of unprofitable partnerships, capital raises, quoted and unquoted securities, operational losses, lack of revenue, the recent announcement that Anil sold 30million shares (15million ahead of the 2023 drop in SP and recently another 15million ahead of the current drop in SP) and now the BOD saying they are considering delisting from the ASX and redomiciling to the US.

Every day you read more hype on LinkedIn (like the latest one about the event in Germany this week). The BOD is stuck in its own fixed way of doing things and whether or not they understand investors are sick of the hype, the boy who cried wolf and the groundhog day approach, they seem to be continuing this approach and now hoping shareholders believe that redomiciling will get them out of this pickle. Only it doesn’t work that way.

 

[Dave Evans]

Another quarter (Jan, Feb, March) just ended a week ago and it might be a good thing for the BOD and KMP that the Quarterly Report won’t be released for another few weeks.

For the March Quarter, aside from the AFRL agreement and the cash from the LDA agreement there was very little revenue to put a hole in the quarterly operational loss.

And in the same period, the BOD’s strategies were to continue the hype, defend their remunerations, re-release information about Frontgrade Geisler and AFRL, and now in the mail today an eight page letter on the AGM and voting for their remunerations.

In all this, what the BOD and KMP seem to expect shareholders to overlook, is that their strategy has: resulted in annual operational cash losses in excess of $20million; left shareholders at the mercy of traders, short sellers and now trumponomics; and left a share price that looks like a slowly dying heartbeat.

 

[DingoBorat]

Another quarter (Jan, Feb, March) just ended a week ago and it might be a good thing for the BOD and KMP that the Quarterly Report won’t be released for another few weeks.

For the March Quarter, aside from the AFRL agreement and the cash from the LDA agreement there was very little revenue to put a hole in the quarterly operational loss.

And in the same period, the BOD’s strategies were to continue the hype, defend their remunerations, re-release information about Frontgrade Geisler and AFRL, and now in the mail today an eight page letter on the AGM and voting for their remunerations.

In all this, what the BOD and KMP seem to expect shareholders to overlook, is that their strategy has: resulted in annual operational cash losses in excess of $20million; left shareholders at the mercy of traders, short sellers and now trumponomics; and left a share price that looks like a slowly dying heartbeat.

The Company still has more "Soul" than you do though Dave

 

[Dave Evans]

The Company still has more "Soul" than you do though Dave

You know what mate, I understand you and others having a go at me. As far as I’m concerned what’s even worse than BRN’s exec’s is the way the shareholders here have pumped and hyped this company and I’ll bet not one of those shareholders would believe he had any responsibility for investors getting sucked into buying BRN shares because of the hype and pumping done on forums.

I’m experienced enough to know you take the good with the bad, but like I said, you lot wouldn’t accept responsibility for investors losing money because they read your hype. That’s something that would take a soul.

 

[DingoBorat]

You know what mate, I understand you and others having a go at me. As far as I’m concerned what’s even worse than BRN’s exec’s is the way the shareholders here have pumped and hyped this company and I’ll bet not one of those shareholders would believe he had any responsibility for investors getting sucked into buying BRN shares because of the hype and pumping done on forums.

I’m experienced enough to know you take the good with the bad, but like I said, you lot wouldn’t accept responsibility for investors losing money because they read your hype. That’s something that would take a soul.

Interesting song choice..

There's a difference between hyping a Company and genuinely believing in it.

It's very interesting, that you would show up now inparticular, after all this time, in an apparent effort to rub salt into the wounds of the people on this forum.

How much of a lowlife are you?

There is a plunge on the markets and you show up sprouting your negative BS and then say you "understand" shareholders having a go at you?

You really are a piece of "work" aren't you.

 

[Pom down under]

Interesting song choice..

There's a difference between hyping a Company and genuinely believing in it.

It's very interesting, that you would show up now inparticular, after all this time, in an apparent effort to rub salt into the wounds of the people on this forum.

How much of a lowlife are you?

There is a plunge on the markets and you show up sprouting your negative BS and then say you "understand" shareholders having a go at you?

You really are a piece of "work" aren't you.

More like

 

[Dave Evans]

Interesting song choice..

There's a difference between hyping a Company and genuinely believing in it.

It's very interesting, that you would show up now inparticular, after all this time, in an apparent effort to rub salt into the wounds of the people on this forum.

How much of a lowlife are you?

There is a plunge on the markets and you show up sprouting your negative BS and then say you "understand" shareholders having a go at you?

You really are a piece of "work" aren't you.

So still no sense of responsibility eh, that’s what I thought

I can’t take it seriously when someone who supports trump talks about ‘soul’ but seeing you didn’t like Nina I changed it to something more appropriate.

Unlike you you I don’t need to post every day and when there’s no new revenue for the last quarter and I get eight pages of rubbish in the mail I’ll post something and as far as the price, it’s been heading south for three months.

I don’t know what it costs to stream the AGM virtually but generally the way these go, shareholders are able to type in their questions and then the BOD choose which ones they want to answer and which ones they don’t so it’ll be more of the same as we’ve heard for the last year, except the interest will be on delisting as shareholders are going to have to consider how much they could get screwed as a result.

Tech, Aerospace and Defence are looking less affected by trumponomics today so I suspect traders will again be in their element, thats what happens when there’s no revenue.