BRN Discussion Ongoing

[Iseki]

The second strike will happen if a lot of shareholders think that the board has sent to company in the wrong direction and are too weak to change.

Renesas taped out m85 with akida Dec 2022. So who will pay for the production? Somehow there has been a disconnect between Brainchip's selling the akida IP to customers and the manufacturing of a chip containing Akida by Renesas.

A Chicken and Egg problem.

If in June 2024 there hasn't been a break through or the board can't explain themselves then the vote could go either way. There's plenty of ways to avoid it:
1. Renesas is convinced to get the taped out chip manufactured
2. An OEM starts using the AKD1500 and orders in bulk
3. Megachips does something.

The board should be excited by the challenge.

 

[Labsy]

This is the lowest 3 day accumulative total of shorting I've seen in years. They bought back 250k more than they shortered on the 15th.

Latest Reported Shorts (Daily)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT
20 November 2023	51,191	1,790,058,145	0.00%
17 November 2023	37,000	1,790,058,145	0.00%
16 November 2023	58,835	1,790,058,145	0.00%

Latest Reported Shorts (Aggregate)​

DATE	REPORTED SHORT	ISSUED SHARES	% SHORT	DAILY RANK
15 November 2023	101,740,887	1,790,058,145	5.6837%	26th 1
14 November 2023	101,978,527	1,790,058,145	5.6969%	27th 1
13 November 2023	101,499,784	1,790,058,145	5.6702%	28th
10 November 2023	100,760,171	1,790,058,145	5.6289%	28th
9 November 2023	100,208,571	1,790,058,145	5.5981%	28th 1
8 November 2023	100,428,249	1,790,058,145	5.6103%	29th 1

I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good news seriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.

 

[Proga]

The second strike will happen if a lot of shareholders think that the board has sent to company in the wrong direction and are too weak to change.

Renesas taped out m85 with akida Dec 2022. So who will pay for the production? Somehow there has been a disconnect between Brainchip's selling the akida IP to customers and the manufacturing of a chip containing Akida by Renesas.

A Chicken and Egg problem.

If in June 2024 there hasn't been a break through or the board can't explain themselves then the vote could go either way. There's plenty of ways to avoid it:
1. Renesas is convinced to get the taped out chip manufactured
2. An OEM starts using the AKD1500 and orders in bulk
3. Megachips does something.

The board should be excited by the challenge.

Or Merc uses Akida in their brand new 2024 vehicles using the MMA platform, the full blown version of MB.OS, enhanced MBUX, enhanced ADAS and 4 microcontrollers for the first time. They begin being released in the 1st quarter of 2024 and further models rolled out during the year.

 

[Damo4]

Ignore is easy...........just sayin'

Sorry bud, it's a green day today, try again tomorrow

 

[Esq.111]

Afternoon Chippers ,

Regarding the Short position....

I posted this a while ago , these are my thoughts on what may be going on.
Naturally there would be many small independent Shorters .

One way a big company could potentially F@%k with a far smaller one.

Regards,
Esq.

 

[HopalongPetrovski]

I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good news seriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.

When this particular worm turns its going to be epic.
Cant wait for this next ride.

 

[Pom down under]

Huh.....green

Have I slipped into another verse and got on an alternate BRN bus...

View attachment 50090

 

[Proga]

I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good news seriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.

I'd be paying closer attention from now and over the next couple of months. The only anti-dote to shorters is the short term prospect of consistent sustainable increasing revenue. Revenue and it's direction in the short to medium term is all they care about. PLS is the most shorted stock on the ASX and CHI-X. PLS's revenue hasn't stopped, just decreased because of lithium prices. They're still making decent coin.

It's why they ignored the recent release of the new version of Akida. It had zero affect on the short term revenue outlook. If they begin quietly and consistently buying back in the next few months, it will be a leading indicator in which they believe consistent sustainable revenue is around the corner.

 

[Pom down under]

I would seriously question the motives/agendas of those advocating for a second strike…

I just follow the flow

 

[Schnitzel lover]

Judging from the email @Schnitzel lover received from Tony, I believe Tony is extremely confident of avoiding a second strike.

To flip it around, I look at it as though Tony is basically confirming that if BrainChip fails to achieve further commercialisation and revenue before the next AGM then a second strike is warranted.

Only someone who was absolutely confident of being able to meet the terms described in order to avoid any prospect of a second strike would write this IMO. And, if anything it lends further confidence to things moving in the right direction in a "sooner" time-frame.


View attachment 50094

Watch the financials.. Late January and H2 2023 release in Feb or March..

New IP signings seem to be the most likely material engagements before the AGM..

See what happens

 

[toasty]

Sorry bud, it's a green day today, try again tomorrow

OK, I'll do it then. Can't stand fan boys...........

 

[mrgds]

Was it Intel that organised the partnership? ........................

 

[Yak52]

I'd be paying closer attention from now and over the next couple of months. The only anti-dote to shorters is the short term prospect of consistent sustainable increasing revenue. Revenue and it's direction in the short to medium term is all they care about. PLS is the most shorted stock on the ASX and CHI-X. PLS's revenue hasn't stopped, just decreased because of lithium prices. They're still making decent coin.

It's why they ignored the recent release of the new version of Akida. It had zero affect on the short term revenue outlook. If they begin quietly and consistently buying back in the next few months, it will be a leading indicator in which they believe consistent sustainable revenue is around the corner.

Progda..........correct on the SHORTER buyback. I Believe it is currently in play.


PLS issue being heavily shorted (20%) though is possibly not related as such to the normal ASX aussie traders.

ELON MUSK recently stated that 70% of all Lithium TESLA uses comes from AUSTRALIA! Only 2 companies supplying that and PLS is the main source.
SO.......in the dog eat dog world which we live in...........it is much "Cheaper" and easier to interfere with the SUPPLY CHAIN to Tesla to cause TESLA issues than it is to attack Tesla stock itself.
WHO would have a vested interest in doing so??
Any and ALL Oil companies, Middle East interests, Car company competitors etc etc. AND it would cost peanuts to do so! Gotta keep the Oil flowing!
It would also be a possible way for Shorters to benefit Shorting of Tesla stock. Small investment Shorting PLS and MASSIVE profits Shorting TESLA. win/win.

Surprised that Elon or TESLA have not bought out PLS to secure their supply chain of Lithium, would make sense.

Y.

 

[Iseki]

Or Merc uses Akida in their brand new 2024 vehicles using the MMA platform, the full blown version of MB.OS, enhanced MBUX, enhanced ADAS and 4 microcontrollers for the first time. They begin being released in the 1st quarter of 2024 and further models rolled out during the year.

Hard to see. If, on the other hand we see an announcement before June 2024 stating that Valeo or Luminar or similar are investing $100M into Brainchip to make it happen, then it's game on.

Otherwise the board can pack up their personal belongings and we can start afresh. Sorry if this isn't what you want to hear but that's the risk we all are taking imho.

 

[Pom down under]

I’m surprised brainchip never mentioned this in there recent email of events coming up or maybe they just forgot

Welcome to IPro 2021 | IPro

IPro Silicon IP Ltd Home Page

www.ipro-great-ip.com

SemIsrael Expo 2023—December 7th, 2023​

Join us in the Arena at the Airport City for a day of networking and presentations at the country’s premier professional semiconductor event. We look forward to having an espresso with you, together with detailed discussions at Booth #33-34 and invite you to the keynotes by Serge Maginot, Tiempo Secure's CEO (IP Track, 11:20am), Rob Telson, BrainChip’s Vice President of Ecosystems & Partnerships (IP Track, 12:40pm), and Avi Plotnik, Signature IP's Director of Field Application Engineering (IP Track, 3:00pm).


The event is an opportunity to learn about the latest innovations by Brainchip, Signature IP and Tiempo Secure in the semiconductor space and to network with Israeli and global professionals. We are looking forward to hosting you in our booth!

 

[GStocks123]

New CTO from HP…

 

[Schnitzel lover]

I'd really like to know where the heck they will find the 101 mill shares to buy back on a whiff of good news seriously... I'd be shitting myself if I was them now. Volume is crazy low as it is. Perhaps some will dump on 100% profit but what of all the conservative investors who will also want to buy in on positive news etc etc...I see this hitting 5 dollars or something stupid just to cover shorts... unless they bail out slowly but the numbers aren't showing they are just yet.

Hey Labsy,

I assume you’re taking the Mickey here?

I’ll answer the question anyway.

There’ll be plenty of shareholders ready to take their money out if they can get to breakeven.. Since it’s likely that anyone who bought in the last 2 years is anywhere between +25% ahead to -90% in the red. There’s your sellers right there.. Not to mention any value traders who bought in over the last month, will be happy to book in 100,200,300% profits also soaking up that short cover volume..

All that will happen well before the 50c mark IMO

 

[Shadow59]

New CTO from HP…

Apparently not market sensitive

 

[buena suerte :-)]

Wow ......

 

[Pom down under]

Good luck Peter with your retirement