Share price movement of Brainchip, discussion, The Good The good and the good only.

[robsmark]

Glad he was on the waters. Got to keep that brain in peak condition!

I wasn't able to attend the AGM but I'm glad you and @robsmark (great post) have provided that feedback. Thanks for sharing.

Thanks AG - this was in Perth a few days after the AGM though fwiw.

 

[Deleted member 118]

The short attack is relentless and some massive daily numbers being shorted. Not surprised we are now the 7th most shorted asx company and the price has truly reflected this onslaught.

The sp is sinking quicker than the titanic

BRN - Short Interest - BrainChip Holdings Ltd (ASX) Stock - Short Squeeze, Borrow Rates

BRN - Short Interest - BrainChip Holdings Ltd (ASX) Stock - Short Squeeze, Borrow Rates

fintel.io

 

[Deleted member 118]

We must be due an announcement any day now? as it’s been a few weeks since they have giving an employee some free shares.

 

[Zedjack33]

We must be due an announcement any day now? as it’s been a few weeks since they have giving an employee some free shares.

Will they even want them at this sp?

 

[alwaysgreen]

 

[Krustor]

Your agenda here is now known. You bore readers

 

[Deleted member 118]

Maybe the market is factoring our next quarterly hence the drop. I can only imagine what might happen to our sp if it was as positive as the last quarter, I might even be able to pick up some shares below my 1st ever entry at .33. Worrying but true.

 

[robsmark]

Maybe the market is factoring our next quarterly hence the drop. I can only imagine what might happen to our sp if it was as positive as the last quarter, I might even be able to pick up some shares below my 1st ever entry at .33. Worrying but true.

When is the quarterly due out Rocket?

 

[alwaysgreen]

Your agenda here is now known. You bore readers

Please enlighten me on my agenda.

 

[Cardpro]

Please enlighten me on my agenda.

Apparenrly you are the mastermind driving our share price down

It's not the management's fault at all as all they've done is nothing but positive things for us. It's the shorters and negative posts ... I guess that is why we have so many happy share holders on this forum regardless of the share price, it's the effort that counts!!

Imo only

 

[buena suerte :-)]

When is the quarterly due out Rocket?

By end of July

 

[hotty4040]

I’ve been where you are mate, you’re emotional and it’s understandable. The share price is dogshit, we’ve had very little news, and the mood is pretty ordinary.

Lets take a step back though and have a look at it with a different perspective.

Manipulation

There are plenty of sophisticated commercial traders looking to make a dollar. They don’t care how this dollar is made, they just look for opportunity and drive it has hard and as far as they can. This happened on the way up to $2.37, and it’s now happening on the way down. They dont care about fundamentals, progress, partners, whatever - they just look for weakness and they exploit it. This is happening right now in the form of shorting. The bottom is when they can push it down no more.


Team

Our team and BOD consists of some very experienced industry experts. Some with 20+ years in companies which we aspire to be like - I'm taking about ARM. Why would these people that know industry, that know the tech, leave these longstanding senior positions, to join a start-up unless it was something special? I had a chat with Antonio recently and I was astonished by his career and achievements. These people aren’t idiots and can easily smell a dud when its put in front of them… instead, they left their previous roles and joined us.


Technology

This has been validated time and time again. Socionext, Nasa, Mercedes, Renesas, Megachips – nobody denies that it works. We’ve seen the demos first hand – Akida is something special. Apparently too special as it caught many of our EAPs off guard, and they’re now having to hit the drawing boards to see how they can better use it. This was how it was explained to me by someone within the company at least anyway.



Patents

We have plenty of these and assuming SNN edge computing will take off how we expect it to, then I think were in a great position here. Sooner or later other organisations will start to bump into these, and they will be forced to adopt IP licences of some sort. Personally, I suspect this is the reason why Intel recently partnered up with us.


The Illusive EAP

Now one of two things is happening here:

1. The company is lying to us and the market – in which case the company is doomed. Now I can’t see why they would commit suicide like this, especially when we’ve seen revenue from the original participation fees, and they would have no need to if the tech was good (which it has proven to be); or

2. They are telling the truth – now let’s assume this is the case. We have been told that there are a dozen plus “household names” under NDA, and they are working with Brainchip engineers to implement Akida into their product (future offerings or otherwise). They’ve had a couple of years now and must be getting closer to concluding their engineering works. Again, take this with a pinch of salt as I’m just a stranger on the internet, but I have had conversations with a person who works in Brainchip on more than one occasion who has told me to my face, that nobody has dropped out of the EAP, and that these companies are taking longer than Brainchip had expected.


Partnerships

I have been known to be critical of these, and I’m the first to admit it. But the reality is that reputation damage is a massive risk for all organisations, and risk management is a field that I happen to work in. Before a company decides to get into bed with another, they would absolutely be doing their due diligence. The fact that Intel and Arm and partnered with us speaks volumes to this and in my eyes was a significant de-risking for us.

They are giving their customers access to our product, and in doing so are endorsing it – What would they do that? I think its because they see widescale future use cases and adoption and want to get their tax from it.

Last month I met with a good chunk of the Senior Team, and along with some others engaged and effectively vetted them for a good two hours. The next day I bought more shares. I may be a sucker that got talked around, but I believe that they had confidence in the company, the product, and each other. Despite Sean's terrible speech at the AGM, he seemed confident in their plan, and almost revoked himself in the “ASX Investor” interview the day prior. They truly believe that sales are coming – and they are the ones that know what's going on behind the NDA.

I’ll wrap this up now, but aside from nothing being announced, nothing has changed.

I see a company with a product, a great team, a plan, and commercial interest (I was told hundreds of NDAs exist). I see a company that has tight lips and doesn’t release information that may inadvertently affect these NDA potential customers. I also see a company that is being aggressively shorted.

Unless you’ve done the research here, you really wouldn’t think its anything special. But I remain hopeful that those who have will be rewarded when the cover starts being peeled off.

robsmark:

What a great and heartening response. In a nutshell, this response describes why we are invested in this new/ groundbreaking technology. The NDA's - EAP's ( they haven't gone away apparently ) is the one " just one " reason we are onboard, and this alone is why we are involved. But, there is more, much more Brainchip are offering.

We have patents ( umpteen of them ) that aren't going away, and more to come we are told. Just another reason for us all to remain confident. And there are many more reasons for being positive, I could go on and on, but I won't, just look at all the great partnerships we are involved in now, just to finally add another quick one, before I start boring everyone.

Head's high comrades, for the next news, which ain't far away IMHO.

Akida Ballista ( YES )

hotty...

 

[Deleted member 118]

Must be a record 8 consecutive red days

 

[Townyj]

Must be a record 8 consecutive red days

IMO the way things are going we may even hit the 20's at some point. Right now it seems anything is possible within this Market.

 

[buena suerte :-)]

IMO the way things are going we may even hit the 20's at some point. Right now it seems anything is possible within this Market.

Yep looking that way mate with another five days of trading next week I don't think the shorters are letting up this side of the EOFY!

We have now hit my 34.5c entry point in March 2015!!!! :-(

 

[Townyj]

Yep looking that way mate with another five days of trading next week I don't think the shorters are letting up this side of the EOFY!

We have now hit my 34.5c entry point in March 2015!!!! :-(

Yeah its looking rough... dont wanna play into the Insto's hands so riding this out. May need to switch off for a year or two even. Hardly looked at my commsec so i dont get pissed off haha.

 

[robsmark]

Yep looking that way mate with another five days of trading next week I don't think the shorters are letting up this side of the EOFY!

We have now hit my 34.5c entry point in March 2015!!!! :-(

Im significantly underwater now.

 

[buena suerte :-)]

Yeah its looking rough... dont wanna play into the Insto's hands so riding this out. May need to switch off for a year or two even. Hardly looked at my commsec so i dont get pissed off haha.

Im significantly underwater now.

I'm actually thinking about a wee top up!!... ... see how we go next week!?

 

[Townyj]

I'm actually thinking about a wee top up!!... ... see how we go next week!?

Yah.. im thinking the same. Not chasing this knife though...

 

[Kachoo]

I'd prefer if nobody tops up, seems to just keep falling when peeps here top up
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I'm absolutely absolutely shocked with the share price these days. I'm trying to transfer my super to self direct so I can purchase a few more. The company keeps moving and working at growing the business.

This action reminds me of the movie the big short and if you watch and see how a whole sector can be manipulated it not be too hard to see how BRN price could be smeared down temporally till revenue comes in.

Has anyone looked at the institutional ownership lately?

Anyway all have a good day