BRN Discussion Ongoing

[DerAktienDude]

That's all great and it's purely you're opinion and to be perfectly honest I'm just going to cut to the chase and agree to disagree.

Anyway the main part of my response to you was ignored unfortunately. So here it is again.

If you're not happy with management what is your solution? How do you make the sales process faster and how do you make the giants of the tech industry buy our IP and then implement our tech in record time?

So far it's been 1001 days since our first license agreement. I wouldn't call that timeframe a record time for implementation.
There's no solution to make up for the past. Clearly, the technology was not robust enough for commercial success and misleading statements lead to an inflated share price.

I hope that the second gen will be. We have no insight in sales processes. However, according to the statements online, other companies were involved in the development process. That's what's necessary and the correct way of doing things. This can actually boost the sales processes when done correctly.

So even though I'm extremely disappointed with this terrible performance up until this time, I still have some faith left for the future.
The best technology doesn't always prevail, but hopefully this one does.

 

[Cyw]

With the pressure of share prices, we shareholders all feel the pain.

Will be intresting to find out tomorrow, how much of short positions has been closed due to the ASX 200 Funds selling.

One would think, large volume of short positions would be close on last Friday. However, 15+Million shares was short on Friday, and wih the relentless selling the last 3 day. I will be interested in what volume short positions was able to closed on Friday.

1: 15+ Million shares was short on Friday to keep the price down, as the short know the Funds will try and keep the prices up for the closing auction?

2: Some short intresting was closed and re taken to short the last 3 day, as they know more funds are selling?

3: Short was not able to closed an substantial amount as someone else brought the shares the Funds sold. Hence, the short attack the last 3 day, as to close out more short positions?

The number of short positions will paint a picture of what going, me think

Just me trying to understand the current situation.

Learning

Are you a trader? If you are a trader, you don't have to think about forced closing of shorts because your broker arranges all that. Popular short sold shares must be very liquid so the call back by the original owner will not create an issue. I have never had a call from my broker saying I have to close my shorts because the owner wanted to sell. As the original owners want the shares back to sell anyway, so the buy and sell orders can be crossed or net off by the brokers and may not result in a normal transaction but those with special transaction codes. At any point in time, the brokers would have access to large quantities of shares waiting to be lent out to give to the seller so there is no need to buy the shares from the market.

 

[skutza]

I feel that the ASX is really a very rigged platform for retail investors. Looking at Megachips and Renesas deals, Mercedes, and all the 1000 eyes and their links, I would be scared shitless to short this stock. Not from $2+ but from 50cish? But like many stocks these people somehow know that there aren't going to be any more deals, no more Mercedes comments and that V2 won't be here on time? Of course BRN is not the only stock that this happens to, but 90% of the time before bad news or poor revenue whatever, they always seem to be on the ball. Sure they may know more than me and know how to trade (rather than me just buying more!) but either there are many people on here that work with the shorters or somehow they have moles in many, many industries.

It's a conspiracy i say!!!! rofl

I don't know how many here know the story of ISX, but they had a shorters report done on it. Privately this was spread around through some holders they all sold then went short, made a pretty penny both ways. It's now delisted. But ASIC does nothing about this, in fact almost working with them to help ISX get delisted because they had a grudge with the CEO.

Anyway that's my rant done. Until any of my 8 penny stocks I have do something, I'm not investing another cent here or elsewhere. One of them are bound to go bam soon right? I'll stop watching now and ensure my super is safe with all those lovely (boring as batshit) bluechips make me some dividends....

 

[Learning]

Are you a trader? If you are a trader, you don't have to think about forced closing of shorts because your broker arranges all that. Popular short sold shares must be very liquid so the call back by the original owner will not create an issue. I have never had a call from my broker saying I have to close my shorts because the owner wanted to sell. As the original owners want the shares back to sell anyway, so the buy and sell orders can be crossed or net off by the brokers and may not result in a normal transaction but those with special transaction codes. At any point in time, the brokers would have access to large quantities of shares waiting to be lent out to give to the seller so there is no need to buy the shares from the market.

Thanks for the some new knowledge Cyw,

If I was a trader, I won't be holding a big fat bag of paper lost atm.

Learning

 

[wilzy123]

So far it's been 1001 days since our first license agreement. I wouldn't call that timeframe a record time for implementation.
There's no solution to make up for the past. Clearly, the technology was not robust enough for commercial success and misleading statements lead to an inflated share price.

I hope that the second gen will be. We have no insight in sales processes. However, according to the statements online, other companies were involved in the development process. That's what's necessary and the correct way of doing things. This can actually boost the sales processes when done correctly.

So even though I'm extremely disappointed with this terrible performance up until this time, I still have some faith left for the future.
The best technology doesn't always prevail, but hopefully this one does.

I'm not sure that answered @AusEire's questions, but I will still give you a gold star anyway.

 

[Getupthere]

Remuneration
Sean Hehir currently receives USD450,000 per annum for his position as Chief Executive Officer. The amount stated is per annum comprising salary plus superannuation contributions, short term incentive payments (cash) and medical benefits. Mr Hehir is eligible to receive a Short-Term Incentive (“STI”) of up to 100% of the aforementioned salary annually. The Restricted Stock Units proposed to be issued to Mr Hehir under Resolution 7(a), if passed, are in addition to this sum and have an estimated fair value of A$985,054 (being A$328,351 per annum).

Can someone please explain this package?

SP is now at 22 cents.

 

[Falling Knife]

Defect inspection functionality built into glasses
Noice

 

[wilzy123]

Remuneration
Sean Hehir currently receives USD450,000 per annum for his position as Chief Executive Officer. The amount stated is per annum comprising salary plus superannuation contributions, short term incentive payments (cash) and medical benefits. Mr Hehir is eligible to receive a Short-Term Incentive (“STI”) of up to 100% of the aforementioned salary annually. The Restricted Stock Units proposed to be issued to Mr Hehir under Resolution 7(a), if passed, are in addition to this sum and have an estimated fair value of A$985,054 (being A$328,351 per annum).

Can someone please explain this package?

SP is now at 22 cents.

I appreciate your curiosity, and it's a question that's come up before. Printing more money may seem like a straightforward solution to poverty, but in reality, it's a bit more complex. When a government prints excessive money, it can lead to inflation, where the value of money decreases, and prices for goods and services rise. This can actually make it more challenging for people, especially those with fixed incomes or savings.

Addressing poverty involves a multifaceted approach, including policies related to education, healthcare, employment opportunities, and social welfare. I'd recommend delving into the field of economics to explore these concepts further and gain a more comprehensive understanding of how economies function and how poverty can be effectively addressed.

 

[Earlyrelease]

Once upon a time a little boy was born, one a little smarter than the average. Over time this little boy grew up to be a very clever man who worked for some very high tech companies and even delved in inventing new technology. Let’s call this person PVM. Well PVM moved to the land down under and flew under the radar whilst he developed a new invention. He then started a new company on the ASX and being the founder was blessed with a motsa (shit load for our German friends) of shares in the new company. He then got a team around him while he progressed his invention. In the early part of growth out of the few staff one of the key roles recruited was a patent lawyer followed by a second which at one stage represented about 4% of the available staff. Now did the remaining staff all work out, no but when does that happen in real life.
Now as the invention gained the attention of those tech nerds around the world. Yip has that resulted in huge sales no. Are those tech nerds saying anything negative or producing evidence that it doesn’t work- no. Is there lots of buzz around the broader tech concept- yes.

So why tell this story. Well for a govt worker with a high percentage of their life savings invested in a singular share portfolio should I be worried- yes. Am I - no. Why- my job is to observe and analyse everything from body language to oral and written documents. Whilst I may not possess the photographic memory of a more prestigious poster of the past, I tend to focus of the bits that don’t gel.

Now if I was the inventor of something I didn’t believe in or I knew was a bit dodgy I would be over time dropping my substantial holdings to take advantage of what based on my inside knowledge is my good fortune of a high share price and some obviously inexperience company who dropped the company name which saw the SP rise to $2.34.

Secondly if I missed that opportunity to reduce my holdings on that jump, I would be singing the techs praises from the highest mountain with the largest loud hailer possible.

So PVM has sold some shares. Yip true but let’s see why. That’s right he donated some shares to a cause he had personal affinity with and gained nothing from the transfer.

Is PVM panicking and doing everything to raise the SP . No he has continued in the same calm manner since the companies inception. Does this help the share price- no but have the company mislead us or the market or did they call out lumpy sales and the inability to inform the market. Does this calm methodical manner offer me comfort- yes. Does it help my bank balance- no- well not in short term but if it is aligned with a long term well informed and achievable strategic plan then SP growth is not only inevitable it should be sustained.

So whilst I would like a lot more information, messaging and evidence of sales, I would also like world peace, food in every child’s bellies and a roof over every head.

I am comfortable with holding and whilst I have only recently returned to being in the red I spent many more years in the red in the early days and back then I was actually more nervous than today even though my holdings today are substantially more.

 

[miaeffect]

Intel - What IF?

Intel invests in open-source RISC-V processors, creates billion-dollar fund https://www.zdnet.com/article/intel-invests-in-open-source-risc-v-processors-with-a-billion-dollars-in-new-chip-foundries/ Intel, which has made billions from its closed-source, complex instruction set computer (CISC)...

thestockexchange.com.au

 

[Fullmoonfever]

Part of an early Aug article.

Be exceptionally great if, given we work with Renesas, are part of ARMs fold and proven up Akida with the M85 that Gen 2 is part of the below plans...bold

Renesas moves away from uncancellable contracts as inventory rises

Renesas Electronics is moving away from the ‘uncancellable contracts’ as it sees inventory rising and flat revenue.

www.eenewseurope.com

R-Car-S5​

The company is working on a fifth generation R-Car system on chip (SoC) for automotive designs for 2027 with a chiplet architecture. The fourth generation R-Car S4 is sampling but not yet in production.

“Well, when we be able to have Gen-5 SoC? We can’t really say at this moment, but then it might be as early as 2027. And if it’s after that, it probably will be pushed out by two or three years. That’s how we imagine the pace will be as we prepare,” said Shibata.

“I don’t want to say too much, but then, of course, higher computation capability is one differentiation from G4 and G5, Gen-5, and, of course, that’s easy to understand. But then in addition to that, I think there are some other changes that we want to implement. For example, using chiplets, we’re hoping that we’d be able to seek more flexibility in responding to the needs of our customers.”

• Renesas shows working silicon of ARM Cortex-M85
• BrainChip integrates Akida AI core with ARM Cortex-M85
• ARM adds custom instructions to M85 controller in RISC-V fight back

“Another factor, for example, the past was like SoC versus MCU. From next generation, we want to have a crossover device. So high compute and the more traditional MCU, something in between is something that we’d like to have, and so that we’d be able to have a true, seamless situation.”

This is behind the drive to the high end ARM M85 core with AI acceleration.

“I guess it’s really those two factors, in other words, higher flexibility device and more scalability. We want to make a step further scalability than what we have been doing in the past.

 

[Diogenese]

Part of an early Aug article.

Be exceptionally great if, given we work with Renesas, are part of ARMs fold and proven up Akida with the M85 that Gen 2 is part of the below plans...bold

Renesas moves away from uncancellable contracts as inventory rises

Renesas Electronics is moving away from the ‘uncancellable contracts’ as it sees inventory rising and flat revenue.

www.eenewseurope.com

R-Car-S5​

The company is working on a fifth generation R-Car system on chip (SoC) for automotive designs for 2027 with a chiplet architecture. The fourth generation R-Car S4 is sampling but not yet in production.

“Well, when we be able to have Gen-5 SoC? We can’t really say at this moment, but then it might be as early as 2027. And if it’s after that, it probably will be pushed out by two or three years. That’s how we imagine the pace will be as we prepare,” said Shibata.

“I don’t want to say too much, but then, of course, higher computation capability is one differentiation from G4 and G5, Gen-5, and, of course, that’s easy to understand. But then in addition to that, I think there are some other changes that we want to implement. For example, using chiplets, we’re hoping that we’d be able to seek more flexibility in responding to the needs of our customers.”

• Renesas shows working silicon of ARM Cortex-M85
• BrainChip integrates Akida AI core with ARM Cortex-M85
• ARM adds custom instructions to M85 controller in RISC-V fight back

“Another factor, for example, the past was like SoC versus MCU. From next generation, we want to have a crossover device. So high compute and the more traditional MCU, something in between is something that we’d like to have, and so that we’d be able to have a true, seamless situation.”

This is behind the drive to the high end ARM M85 core with AI acceleration.

“I guess it’s really those two factors, in other words, higher flexibility device and more scalability. We want to make a step further scalability than what we have been doing in the past.

I always thought chiplets were the endy bits at the bottom of a bag of Smith's Crisps.

 

[DingoBorat]

Perhaps the departure of our Head of Sales was planned, as he already has a VP position with Untether AI.

View attachment 45013
View attachment 45014


Perhaps it was planned, to the mutual benefit of both companies?
I have heard Brainchip mention how its "untethered from the cloud..." numerous times......

Definitely looks like some bad blood between CS and BrainChip..
Going by the fact of no spiel about BrainChip or AKIDA after his position and time spent, like he does for Syntiant and his new employer..

Looks like a bit of sour grapes..

Always felt like he was a bit of a recruitment from the "dark side" coming from Syntiant..
Even though he dissed them and basically said they had nothing, compared to AKIDA..

Now, he still sings Syntiant's praise, but nothing for BrainChip..

Just a snake in the grass, glad he's gone..

 

[Fullmoonfever]

Definitely looks like some bad blood between CS and BrainChip..
Going by the fact of no spiel about BrainChip or AKIDA after his position and time spent, like he does for Syntiant and his new employer..

Looks like a bit of sour grapes..

Always felt like he was a bit of a recruitment from the "dark side" coming from Syntiant..
Even though he dissed them and basically said they had nothing, compared to AKIDA..

Now, he still sings Syntiant's praise, but nothing for BrainChip..

Just a snake in the grass, glad he's gone..

View attachment 45068

Given our watertight customer NDAs trust we also have the same level for staff as he walks out with I would expect, a fair bit of BRN Intel

 

[DingoBorat]

Given our watertight customer NDAs trust we also have the same level for staff as he walks out with I would expect, a fair bit of BRN Intel

There's always a 6 to 12 month "exclusion period" of dealing with previous customers, in just basic sales roles..

Pretty hard to enforce, but you have to actually have something better..

 

[McHale]

To change the subject just for a minute....

My Brisbane Lions, after my bagging of around 6/7 players who were playing like 1st year players in the AFL finally stood up and started
playing as they "normally do" from around, round 12 onwards, well here we are, I believe we will bet Carlton and meet Greater Western
Sydney (GWS) in the Grand Final...I think Collingwood will meet GWS who are peaking at just the right time and cause a big upset.

Maybe Brainchip is a better long term bet !! Love my Akida 1.0, 1.5, 2.0 and beyond...go Peter and team

Go the mighty Brisbane Lions

 

[Cartagena]

Definitely looks like some bad blood between CS and BrainChip..
Going by the fact of no spiel about BrainChip or AKIDA after his position and time spent, like he does for Syntiant and his new employer..

Looks like a bit of sour grapes..

Always felt like he was a bit of a recruitment from the "dark side" coming from Syntiant..
Even though he dissed them and basically said they had nothing, compared to AKIDA..

Now, he still sings Syntiant's praise, but nothing for BrainChip..

Just a snake in the grass, glad he's gone..

View attachment 45068

Agree. He actually does look like a snake, you're not wrong mate..
Fullmoon, I'm sure BRN would have covered themselves in that eventuality of staff leaving and any breach of the terms of confidentiality agreements or IP secrets would be met with legal action. Well I hope so

 

[Fastback6666]

Those that bought more a few days ago, are you still topping up? Asking for my wife... and our marriage.

Yes bought more today.

This more recent harsh move down is nothing to do with the company fundamentals.

Looking forward to the “leaving the ASX200” selling completing and the SP normalising.

Quite interesting the big bargain hunters swooping in at the end of the day to buy up what they can and what they know is too low a price also, the surge up at end of day happened yesterday and today!

Glad I am on the mark and buying the bargains like some other insto’s.

Don’t forget the buyers there last Friday that lapped up tens of millions of shares sold just at 29.5 cents by the close - they are very happy to be in at that higher level in bulk….the last few days is just more bargain stocktake sale shopping.

 

[Fastback6666]

Loihi is a test chip, the amount of silicon it occupies would be too big to be commercially viable and AFAICT Intel have never tried to commercialise it. If Intel intend to embed nueromorpic processing in the PCs that they brand then I reckon they must have come knocking on our door.

Awesome, that’s what I want to hear.

Akida Inside! Hoping….

 

[Kachoo]

Once upon a time a little boy was born, one a little smarter than the average. Over time this little boy grew up to be a very clever man who worked for some very high tech companies and even delved in inventing new technology. Let’s call this person PVM. Well PVM moved to the land down under and flew under the radar whilst he developed a new invention. He then started a new company on the ASX and being the founder was blessed with a motsa (shit load for our German friends) of shares in the new company. He then got a team around him while he progressed his invention. In the early part of growth out of the few staff one of the key roles recruited was a patent lawyer followed by a second which at one stage represented about 4% of the available staff. Now did the remaining staff all work out, no but when does that happen in real life.
Now as the invention gained the attention of those tech nerds around the world. Yip has that resulted in huge sales no. Are those tech nerds saying anything negative or producing evidence that it doesn’t work- no. Is there lots of buzz around the broader tech concept- yes.

So why tell this story. Well for a govt worker with a high percentage of their life savings invested in a singular share portfolio should I be worried- yes. Am I - no. Why- my job is to observe and analyse everything from body language to oral and written documents. Whilst I may not possess the photographic memory of a more prestigious poster of the past, I tend to focus of the bits that don’t gel.

Now if I was the inventor of something I didn’t believe in or I knew was a bit dodgy I would be over time dropping my substantial holdings to take advantage of what based on my inside knowledge is my good fortune of a high share price and some obviously inexperience company who dropped the company name which saw the SP rise to $2.34.

Secondly if I missed that opportunity to reduce my holdings on that jump, I would be singing the techs praises from the highest mountain with the largest loud hailer possible.

So PVM has sold some shares. Yip true but let’s see why. That’s right he donated some shares to a cause he had personal affinity with and gained nothing from the transfer.

Is PVM panicking and doing everything to raise the SP . No he has continued in the same calm manner since the companies inception. Does this help the share price- no but have the company mislead us or the market or did they call out lumpy sales and the inability to inform the market. Does this calm methodical manner offer me comfort- yes. Does it help my bank balance- no- well not in short term but if it is aligned with a long term well informed and achievable strategic plan then SP growth is not only inevitable it should be sustained.

So whilst I would like a lot more information, messaging and evidence of sales, I would also like world peace, food in every child’s bellies and a roof over every head.

I am comfortable with holding and whilst I have only recently returned to being in the red I spent many more years in the red in the early days and back then I was actually more nervous than today even though my holdings today are substantially more.

This is a very rational post that people need to think about.

PVDM went from having a 300 plus million dollars to 30 million. That is quite the cut to take considering where he could be today if he cashed out.

He is not crying just moving ahead with work. This product is cutting edge and customers need to know how to use it and maximize it's benifits and understanding.

Look MB has not stopped on the Neuromorphic front they have hired staff and continue to innovate in that direction.

The Breakdown in the SP imo is below what is fair value for BRN IMO. That said the MB spike was well above value clearly. That MB spike is what management said was inflated not what the SP is at today but the down ramper twist the the words to benifit there maximum adgenda.

People are scared worried yes some think that if I sell now I will buy more at 10 cents cause it's going there right? Well we don't know that and thinking this could leave you out of shares quick.

My 2 thoughts why the SP is here.

Clearly Shorter won and beat out the longs on from 2 years ago.

1. Why is there such a drop well instos needed to sell and balance books. Shorters naked short a little to get a cheaper cover. Add in the terrified retailers and you overwhelm the sell side dropping prices.

2. How far will this go we don't know. But believe me if a larger player sees value he will buy up shares quite quick before you have a chance to place your order.

If this is a hostile takeover the buyer kills the price accumulate shares the when they feel they have the board buy the throat they will come in with an offer and buy out the rest of the share. I'm not sure if this is what's happening but if I was to do such a move the timing is ripe.

We know that retail is not patient and handling loses for us is harder then for some instos or companies.

Neuromorphic computing is just blooming and will continue to do so.

Has there been a competitor that's come out publicly to challenge Akida and it's performance I have not seen one. This would mean the product does what it is suppose to.

The only negative comments I have heard over time is.
A. Akida 1000 failed commercially we have good enough solutions.

If this was true 100 % of our partners and trusted parties would have left.

B. Revenue is non existent. This is true but we did generate marginal revenues from Renesas and Megachips royalties are due in time.

C. People in the development industry love and promote Akida ISL, Edge Impulse, ARM and TATA. If Akida is the a key solution to product inovation a company would not give away their secrets.

Personally I don't know what the company has happening and what's in the pipes but they have move forth and hired staff to meet work loads. You don not go from 20 odD people to almost 100 in about 3 year with nothing to go with.

Why would we have sales in Japan Korea Isreal, France Germany and USA if we had little to offer customers. IMO

Time will see how we play out. But if I was the Board and I knew that the SP would be crushed I'd have done the CR in July and moved one they did not. Why?