BRN Discussion Ongoing

[mrgds]

I totally agree. There's lots that the CEO can be talking about.

What's missing for mine, are statements along the line that Akida IP is currently being readied for problems in the following areas, or with the following models. If in the past SH has said that Akida can become ubiquitous, then he should provide a couple of new use cases, or retract.

Meanwhile folks on here who make obviously false claims like ARM has developed a chip that contains Akida, or that imply that Renesas' RZ chips already contain Akida do all the harm in the world and should be asked to leave, because they insult us.

Why can't people express their pain at the current SP?

A good example of a CEO with great communication with shareholders imo is Cathy Wood ( Ark Invest )
Each month she does a podcast for Arks shareholders and gives her insights/understandings of what the market conditions are
and gives a great account of where she believes their strategy/stock holdings are and how she see"s them performing.

Am i right in my understanding that each ASX listed company is required to have a BOD meeting every 2 months? ( pls correct if not )
then imo, and im on record for saying this, a monthly/bi-monthly newsletter to shareholders via a email ( not neccesarily a podcast )
would be a very favourable link to current and prospective shareholders.

I think we are all feeling the pain of the current s/p @Iseki , and imo if you watch the daily trading numbers its clear to me anyway
that manipulation is rampant and i believe it is with a strategy of accumulation by the powers that be.

TSE has and i believe will continue to be a great place to see links , tweets, likes etc so as to help us with our investment decision.

I do honestly believe BRN will be a very good investment, tho taking longer than most had expected.

AKIDA BALLISTA

 

[skutza]

One of the slides, another visual way of looking at their ecosystem

View attachment 34382

Nobody else concerned about a missing piece? I see Megachips there.......

 

[Quiltman]

I don't know if this has been posted.
However, the comment from Adam Benzion hits the mark with regards BrainChip for me, who despite the MC, I still see as a young company, and it obviously struck a chord for Chris Stevens.
BrainChip has enormous intellect throughout the board and key decision makers.
BrainChip has a wealth of experience from ex-ARM employees who were part of building a massively successful IP business.

Many on this forum know better than these individuals, or so it would seem.
I, however, bow to their collective knowledge & experience, and will wait for the 5 year BRN plan to unfold, somewhat guiltily riding of their coattails.

All the best to all holders with your investment journey.

 

[Damo4]

I think BRN and it's management have been consistent in their communication, stance on NDA's, ASX filings etc
They have communicated through Podcast, social media, ASX announcements and press releases and have done so for the years I have held.

If that style of communication had bothered me at the time (which it didn't) I would have done 1 of 2 things:
- Stayed away form investing in BRN if I needed more information or disliked spec stocks with NDAs in place, that required a higher risk tolerance
- Invested with the knowledge that this is their trajectory and stance on communication and held the risks accordingly

I'd fully understand the concerns over communication if we went from many ANN's, fluff pieces etc to all of a sudden radio silence, but that's not what happened.

I guess I see the company as an entity that existed before me, and not for me.
Sure, if I have concerns or things I would want improved as a SH, I would contact Tony - the correct channel.
As I posted before, complaints without a solution-focused approach are useless.

Sorry if I've offended anyone, but surely some personal responsibility is required?

 

[wilzy123]

Many on this forum know better than these individuals, or so it would seem.

Does one's ability to know better, increase, if the share price declines?

 

[TECH]

Good afternoon,

With our AGM fast approaching, many will have their opportunity to speak directly with the CEO and any other Board members who
are planning on attending in person, it's your once in a year opportunity to ask your questions directly, face to face in a respectful manner,
remembering to thank those attending for the last 12 months achievements, which there are many.

I do have my own question which revolves around the signing of an IP License agreement.

My take would be that this process would go through at least 4 stages of negotiation, with each individual company not knowing what
deal has been done with the other in regards to the License fees, Royalty fees and terms of payment etc.

So how many companies have actually progressed down this negotiation path and are currently sitting at stage 3 waiting to agree to
stage 4, as in, the final sign off ?

The CEO and Board must be fully aware of which companies are where on this scale, but because of all the confidentiality Sean can't say
what he'd like to share with us, which is where all this pent up frustration is stemming from, in my view.

When the brains behind this company tells me, with the release of 2nd Gen Akida, Sales and Marketing teams with a global presence have
now been established, he and the company are looking forward to an exciting year ahead, I for one 100% believe the narrative.

Sometimes in life, things can happen very quickly or totally unexpected, don't be fooled, we are certainly on the path to success, maybe
just maybe our time lines don't align this month, but they will cross.

My opinion......Tech (Perth)

 

[Bravo]

Can someone please give this guy a buzz or we will all literally run out of water and have to start drinking our own pee-pee?​

​

Elon Musk Launches X.AI To Fight ChatGPT​

Martine Paris
Apr 16, 2023,05:51pm EDT
https://policies.google.com/privacy

Elon Musk and son X Æ A-12 (Photo by Theo Wargo/Getty Images for TIME)
GETTY IMAGES FOR TIME
X is for everything in the world of tech billionaire Elon Musk. It’s the name of his child with pop star Grimes. It was the name of his startup X.com which later became PayPal. It’s the corporate name of Twitter as disclosed in court documents last week. And it’s the name of the his new company X.AI for which he has been recruiting AI engineers from competitors and possibly buying thousands of GPUs.

Here’s what is known about X.AI so far:

• The company was incorporated in Nevada on March 9, where Twitter’s parent X Corp. is now registered, as first reported by the Wall Street Journal.
• Elon Musk is listed as the sole director on the state filing.
• Jared Birchall is listed as secretary. Birchall is the CEO of Musk’s chip-implant company Neuralink. He serves on the board of Musk’s tunneling entity The Boring Company and is managing director of Musk’s family office Excession, which is also the name of a science fiction novel by Iain Banks about a society ruled by hyper-intelligent AI that Musk tweeted about in 2019. Birchall began his career as a financial analyst at Goldman Sachs and later became a wealth adviser at Morgan Stanley before joining Musk.
• Igor Babuschkin, a Silicon Valley AI senior research engineer from Google’s sister company Deepmind has been hired to head the effort at X.AI, according to Insider. Babuschkin worked at OpenAI during the pandemic and prior to that was part of the Deepmind London team. He interned at the revered international research institute, CERN in Geneva, Switzerland, according to his LinkedIn profile.
• Deepmind engineer Manuel Kroiss is another key X.AI hire who co-authored the 2021 Deepmind paper, “Launchpad: A programming model for distributed machine learning research.”
• Musk might be planning on using Twitter data to train X.AI’s large language model, according to sources reported by the Financial Times. In December, Musk tweeted that he had learned that OpenAI had access to Twitter’s database for training and put that on pause.
• Musk recently purchased roughly 10,000 GPUs typically used for large language models for Twitter, sources told Insider. In a Twitter Spaces with the BBC last week where participants said more than three million people tuned in, Musk neither confirmed nor denied the Insider report, rather he responded that Tesla and Twitter are buying GPUs like all other companies and gave a shoutout for Tesla's Dojo supercomputer platform which he said has a lot of potential.
• One challenge Musk is going to face is the vast amount of electricity and water that large language models are consuming in the face of global shortages. "ChatGPT needs to “drink” a 500ml bottle of water for a simple conversation of roughly 20-50 questions and answers," noted a paper by University of California and University of Texas professors.
• To fund X.AI, the company has authorized 100 million shares for sale and is courting interest from SpaceX and Tesla investors, reported the Financial Times. The more powerful the AI models, the more expensive it gets to operate. OpenAI estimated its 2022 costs to be around $544.5 million, according to documents seen by Fortune.

Elon Musk Launches X.AI To Fight ChatGPT Woke AI, Says Twitter Is Breakeven

Everything you need to know about Elon Musk's newest AI company X.AI including the tech billionaire's remarks that Twitter might be cash flow positive this quarter and his plans to turn the chatty social network into the everything app.

www.forbes.com

 

[Shadow59]

Good afternoon,

With our AGM fast approaching, many will have their opportunity to speak directly with the CEO and any other Board members who
are planning on attending in person, it's your once in a year opportunity to ask your questions directly, face to face in a respectful manner,
remembering to thank those attending for the last 12 months achievements, which there are many.

I do have my own question which revolves around the signing of an IP License agreement.

My take would be that this process would go through at least 4 stages of negotiation, with each individual company not knowing what
deal has been done with the other in regards to the License fees, Royalty fees and terms of payment etc.

So how many companies have actually progressed down this negotiation path and are currently sitting at stage 3 waiting to agree to
stage 4, as in, the final sign off ?

The CEO and Board must be fully aware of which companies are where on this scale, but because of all the confidentiality Sean can't say
what he'd like to share with us, which is where all this pent up frustration is stemming from, in my view.

When the brains behind this company tells me, with the release of 2nd Gen Akida, Sales and Marketing teams with a global presence have
now been established, he and the company are looking forward to an exciting year ahead, I for one 100% believe the narrative.

Sometimes in life, things can happen very quickly or totally unexpected, don't be fooled, we are certainly on the path to success, maybe
just maybe our time lines don't align this month, but they will cross.

My opinion......Tech (Perth)

Do we know where the AGM meeting will be held yet? The announcement only said 23rd May, 11.00am Sydney time. I assume Sydney like last year?
I've just realised I will be in Sydney that day! Could be a great coincidence

 

[Straw]

Do we know where the AGM meeting will be held yet? The announcement only said 23rd May, 11.00am Sydney time. I assume Sydney like last year?
I've just realised I will be in Sydney that day! Could be a great coincidence

Not yet. I would expect Boardroom meeting room but should know very soon.
The two I've been to were both at Circular Quay area.

 

[Deleted member 1269]

I think BRN and it's management have been consistent in their communication, stance on NDA's, ASX filings etc
They have communicated through Podcast, social media, ASX announcements and press releases and have done so for the years I have held.

If that style of communication had bothered me at the time (which it didn't) I would have done 1 of 2 things:
- Stayed away form investing in BRN if I needed more information or disliked spec stocks with NDAs in place, that required a higher risk tolerance
- Invested with the knowledge that this is their trajectory and stance on communication and held the risks accordingly

I'd fully understand the concerns over communication if we went from many ANN's, fluff pieces etc to all of a sudden radio silence, but that's not what happened.

I guess I see the company as an entity that existed before me, and not for me.
Sure, if I have concerns or things I would want improved as a SH, I would contact Tony - the correct channel.
As I posted before, complaints without a solution-focused approach are useless.

Sorry if I've offended anyone, but surely some personal responsibility is required?

Regarding your comment: "Sure, if I have concerns or things I would want improved as a SH, I would contact Tony - the correct channel."

I have.. and in my experience, it is either no reply or a stock standard reply that doesn't address the questions raised.

 

[Evermont]

This sums up the CO2 impact pretty well @Bravo

 

[Deleted member 1270]

I think BRN and it's management have been consistent in their communication, stance on NDA's, ASX filings etc
They have communicated through Podcast, social media, ASX announcements and press releases and have done so for the years I have held.

If that style of communication had bothered me at the time (which it didn't) I would have done 1 of 2 things:
- Stayed away form investing in BRN if I needed more information or disliked spec stocks with NDAs in place, that required a higher risk tolerance
- Invested with the knowledge that this is their trajectory and stance on communication and held the risks accordingly

I'd fully understand the concerns over communication if we went from many ANN's, fluff pieces etc to all of a sudden radio silence, but that's not what happened.

I guess I see the company as an entity that existed before me, and not for me.
Sure, if I have concerns or things I would want improved as a SH, I would contact Tony - the correct channel.
As I posted before, complaints without a solution-focused approach are useless.

Sorry if I've offended anyone, but surely some personal responsibility is required?

Damo4 we agree on something. There communication is consistent.

We already have radio silence. Has anyone here heard of the CEO visiting Australia to present to Australian shareholders?

I'm not the only one concerned with this. Stock analysts are also concerned or bemused with this. Go take a listen to the latest Stocks downunder interview (Marc Kennis) where they raise this concern and many others.

I just wonder what it will take for this current CEO to get out and talk about this company to its shareholders in a meaningful way that gives you a grain of hope that positive things are happening.

I want to hear it from the company and not from a forum.

 

[sleepymonk]

Disclosure: Was a BRN gambler and now a holder with a self-imposed exit strategy of losing 1/3 of my capital or any of my red flags show up. Civil engineer background with absolutely no knowledge of electronics, this is why i adopted trust no one, look at facts and common-sense for this particular stock

IF I AM IN SH'S SHOES:

1: Current share price, WE SHOULD NOT BE SUPRISED COZ WE'VE BEEN INFORMED

• The LDA call notice announced on the 10/01/2023 was clearly a warm invitation to the shorter/s and traders to come on board and have a party because it says: 30MIL shares to raise $15MIL, happy to increase that to 40MIL. 15/40, 40cents is what the Co was prepared to accept IMO.
• Anyone with the access of daily trading history should go and do the following math, sum of (Daily share traded*Daily Low or high)/number of days to get the range of price that LDA will be paying BRN. Unfortunately, my calcs is telling me the current share price is not in the best interest of LDA selling them. that is why the LDA call is not finished yet and a bunch of brave shorters and traders are still active.
• LDA is not a charity, it's an agent selling shares to the open market on BRN's behalf to raise Capital. All they care is the profit.

2: Communication between the Co and share holders I THINK THE BRN TEAM IS DOING OK INFORMING US

• Forget about all the dot joining, the Co's progresses are published from our website and/or through ASX ann unless it is absolutely admin, i meant, like hiring or things like you don't even want to know.
• This might sound harsh but i am goanna say this: IF I AM SEAN H, MY ULTIMATE FOCUS IS KEEPING MY ASS ON THE CHAIR AS LONG AS I CAN TO GET MY GOALS DELIVERED. THE FACT IS THAT I DON'T NEED TO LISTEN TO THE SMALL HOLDERS GIVEN THE TOP 20 HOLDS 75 PERCENT. RIGHT NOW, PVDM HAS NOT SAID OR DONE ANYTHING YET AT LEAST. THIS SHOWS ME CONFIDENCE.PLUS, PVDM IS SUPPOSED TO BE THE ONE THAT CARES ABOUT THE PREGRESS OF THIS CO THE MOST,

hate to wok on my mobile, will chose to post on weekends

 

[Damo4]

Damo4 we agree on something. There communication is consistent.

We already have radio silence. Has anyone here heard of the CEO visiting Australia to present to Australian shareholders?

I'm not the only one concerned with this. Stock analysts are also concerned or bemused with this. Go take a listen to the latest Stocks downunder interview (Marc Kennis) where they raise this concern and many others.

I just wonder what it will take for this current CEO to get out and talk about this company to its shareholders in a meaningful way that gives you a grain of hope that positive things are happening.

I want to hear it from the company and not from a forum.

I know mate, and I can see you aren't the only one, it wasn't directed to you personally.
Actually it was just a personal opinion of mine regarding their disclosures, which is also supported by many on here.

I just think the consistency of the communication means the cards were on the table, for me at least, prior to investing.
Some people have mentioned their avg prices or length of time invested so it seems a lot of these people are in the same boat but are now surprised that there isn't an overwhelming amount of announcements through the ASX.

 

[HopalongPetrovski]

Do we know where the AGM meeting will be held yet? The announcement only said 23rd May, 11.00am Sydney time. I assume Sydney like last year?
I've just realised I will be in Sydney that day! Could be a great coincidence

I have previously confirmed Tuesday 23 May 2023 with Tony Dawe who also stated

"The Notice of Meeting will be released at least 28 days prior to the AGM, and details of the venue will be confirmed then......."

so, by my reckoning we should know next week, by Tuesday 25 April at the latest, and given that that happens to be ANZAC day, I wouldn't be surprised if it was on the Monday before or sometime later this week.

 

[Shadow59]

Not yet. I would expect Boardroom meeting room but should know very soon.
The two I've been to were both at Circular Quay area.

Thanks

 

[Jimmy17]

Regarding your comment: "Sure, if I have concerns or things I would want improved as a SH, I would contact Tony - the correct channel."

I have.. and in my experience, it is either no reply or a stock standard reply that doesn't address the questions raised.

Having had only a couple of emails to and from BRN since the SP woes, I wonder if this para is part of the stock standard reply... " I am well aware of the frustration of our shareholders. I am a shareholder in BRN myself. I remain confident of our inevitable success".

Personally I remain confident in this response but also dismayed at the overall contemptuous attitude towards retail shareholders from the company. Mainly because there is simply no validation nor reassurances. Basically its us and them I.e piss off you annoying shareholders we guarantee one day you'll be rich from holding brn shares but we're not willing to explain how or why nor can we guide you as to when your asset may appreciate in value.

 

[Straw]

For the AGM

I'll be flying in,

then taking the train,

then utilising self propulsion the rest of the way. The preferred method of travel in high rise areas from the docos I've watched.

 

[Kachoo]

Having had only a couple of emails to and from BRN since the SP woes, I wonder if this para is part of the stock standard reply... " I am well aware of the frustration of our shareholders. I am a shareholder in BRN myself. I remain confident of our inevitable success".

Personally I remain confident in this response but also dismayed at the overall contemptuous attitude towards retail shareholders from the company. Mainly because there is simply no validation nor reassurances. Basically its us and them I.e piss off you annoying shareholders we guarantee one day you'll be rich from holding brn shares but we're not willing to explain how or why nor can we guide you as to when your asset may appreciate in value.

Jimmy,

They can't tell you when their assets will generate money as the release of the product is dependant on the company that sells it. They can't say company x is releasing a product with Akida.

Giving a timeline well you saw how well that worked out for the CEO with regards to break even. Now just put your self in Anils or Peters shoes non of them have sold not the major holders why ? Ask your self.

Unfortunately we need to wait it's not all straight up.

I can say this confidently we are 16 months closer to revenue then we were January 2022.

Chips are being taped by Renesas so I'm confident revenue is on the way but when is the million dollar question

 

[alwaysgreen]

Jimmy,

They can't tell you when their assets will generate money as the release of the product is dependant on the company that sells it. They can't say company x is releasing a product with Akida.

Giving a timeline well you saw how well that worked out for the CEO with regards to break even. Now just put your self in Anils or Peters shoes non of them have sold not the major holders why ? Ask your self.

Unfortunately we need to wait it's not all straight up.

I can say this confidently we are 16 months closer to revenue then we were January 2022.

Chips are being taped by Renesas so I'm confident revenue is on the way but when is the million dollar question

And how much? $5 or $10 million ain't going to cut it.

We are going to need significant revenue to justify our current market cap, let alone grow the share price. Which is why there are some, myself included, that are disappointed by the lack of license sales to date.