BRN Discussion Ongoing

[AARONASX]

I want to express my frustration with people who complain about consistent application of the rules, and I have a message for the regular members of this forum who have been recently discouraged (but not banned).

To avoid being discouraged or banned, it is essential to follow the forum's rules. This includes not responding to trolls and reporting them instead. If you go off-topic, you may get reported, and the same will happen if you report someone else for doing so. There are specific threads for "anything goes" discussions.

I will not apply different sets of rules for different people, as this would be unreasonable. For instance, some users report posts discussing stock prices in the General thread, which is not off-topic. At the same time, these same users discuss irrelevant matters and get upset when reported.

It is essential to see the irrationality of such expectations. If you are one of these people, please reconsider how you communicate with others in public spaces. Also consider the "anything goes" threads and private messaging for those comments which are off-topic or irrelevant to stock and community in general.

Additionally, it is crucial to understand that discussions regarding moderation should be done through private messages to me. It is not appropriate to repeatedly post about it in the stock-specific forums, which is off-topic and will result in post deletion and warnings. Please refrain from doing so.

I'm not trying to debate or get myself band. I 100% how you manage your forum etc, I understand your busy too to argue over and over...

I am replying here so everyone understands the rules in a reply.

However, I would like to know (sorry if already answered)
Can a rule be implemented a requirement for 2 3 4 people reporting said post, topic etc before your system is activated and cannot be the same group of people reporting the same person(s) over and over. At least this way it should then take away any off topic ambiguity, after this while a repeating reporting multiple time, multiple different people then a ban should be applied as to wide group found said poster abusing forum rules and not one Grinch.

The last thing we want is another HC forum full of trolls and time wasters.

Thanks Zeeb0t!

 

[zeeb0t]

I'm not trying to debate or get myself band. I 100% how you manage your forum etc, I understand your busy too to argue over and over...

I am replying here so everyone understands the rules in a reply.

However, I would like to know (sorry if already answered)
Can a rule be implemented a requirement for 2 3 4 people reporting said post, topic etc before your system is activated and cannot be the same group of people reporting the same person(s) over and over. At least this way it should then take away any off topic ambiguity, after this while a repeating reporting multiple time, multiple different people then a ban should be applied as to wide group found said poster abusing forum rules and not one Grinch.

The last thing we want is another HC forum full of trolls and time wasters.

Thanks Zeeb0t!

Yes that rule is already in place. It takes more than one report before Dreddb0t acts. This is the reality - some people think they’ve been unfairly targeted by some horrid person. But they don’t realise others simply feel the same way.

 

[Makeme 2020]

Announcement. Guess what it is.

 

[jtardif999]

Watching and listening to the 2 most recent Investor presentations in April'23 Sean makes no claims of when revenue will occur, explosive sales or when we can expect breakdown.
He does however say the market for Edge AI will increase significantly with a slide to show figures. It's obvious the market will explode looking at the figures.
So it's easy to assume our sales will explode. I do but there is a chance they may not.
He says that the Renasas chip will be ready for release in the coming months. It's easy for holders to assume these will sell like hotcakes. While I hope this is the case, they may not sell.
Sean also says that Gen2 is on track for Q3 release or maybe a little earlier. Once again it's easy to assume sales will be almost immediate. May not be the case.
Both Sean and Tony in relation to competition analysis say if you want an edge device that is commercially available now it has to be BRN. That is true but we assume there is a demand for Edge devices.
In response to questions Sean says due to lumpy revenue receipts early on revenue predictions can not be made or breakeven times be given.
Sean does say that in the 'out years' forecasts should be able to be made as I presume then sales will be stable.
In relation to margin Sean gives the example of ARM who has margins in the 90%'s. He says of course they have the volumes. He also makes a brief comment on IP margins being close to 100%.
So it's easy to assume we will make those sorts of margins.
I think we will once we get volumes. Of course I am assuming we will get volumes and fairly quickly. We may not.
All in all it looks like we are on to something that could be a winner but until the money is in your pocket it's not yours.
Sean also says that current AI is not sustainable due to huge power usage, insufficient space in the cloud and latency problems.
That in itself is a material reason for a shift to the Edge.
I refer only to recent presentations.
Not sure what was said earlier.
I am excited by the prospects and I assume all of the above will fall into place in due course and that we will make loads.
At the same time it's possible I may be wrong. So I have diversified just in case.
Yes I have a fair bit invested in BRN like many others.
Patience required.

“He says that the Renasas chip will be ready for release in the coming months. It's easy for holders to assume these will sell like hotcakes.”
While I hope this is the case, they may not sell.

Fairly certain that Renesas would have back orders for these chips, particularly if they are for the automobile industry. Renesas sell a lot into auto industry. If this is the case then when they are mass produced Renesas would be paying BrainChip the associated royalties.

 

[toasty]

This could be exciting
View attachment 34724

Could this be the big reveal prior to the AGM????

 

[zeeb0t]

Yes that rule is already in place. It takes more than one report before Dreddb0t acts. This is the reality - some people think they’ve been unfairly targeted by some horrid person. But they don’t realise others simply feel the same way.

Just for clarity - this means that a panel of your peers and the AI all concluded it was a breach of rules. Not just AI, not just one person. On the balance of probability, regardless of what an individual (especially the author) thinks... it is more likely the majority would agree - especially since the AI can also see the rationale.

 

[Stockbob]

A breakdown of ARM chip sales over the years, 4.4B cortex-M sold in 2020 , that's a sizeable chunk

 

[toasty]

Well I just completed the on-line voting for the AGM, and surprised myself. I am a huge fan of PVdM and AM and what they have done to bring their vision to reality. So I voted for PVdM's performance rights. What he has achieved is tangible and visible.

As for the other performance rights and restricted stock units, I voted against them all. Why I hear you ask? Don't we need to issue these to preserve cash and still attract top quality people? My answer is a definite yes, with the BIG qualification that I need to have visibility of what the KPI's are so I can understand the value that the recipients have brought and are being rewarded for.

I was a senior exec in the IT industry for many years (Asia Pac MD of a Silicon Valley based software company) and am very conversant with, and a big supporter of, incentive schemes. However, the lack of information and transparency on display here means that I cannot, in all good conscience, vote for something I don't understand. NDA's and so forth notwithstanding, the directors will need to do much better at allowing me to understand the proposals before they get my vote.

My opinion only and DYOR before making up your mind.

 

[Xray1]

Well I just completed the on-line voting for the AGM, and surprised myself. I am a huge fan of PVdM and AM and what they have done to bring their vision to reality. So I voted for PVdM's performance rights. What he has achieved is tangible and visible.

As for the other performance rights and restricted stock units, I voted against them all. Why I hear you ask? Don't we need to issue these to preserve cash and still attract top quality people? My answer is a definite yes, with the BIG qualification that I need to have visibility of what the KPI's are so I can understand the value that the recipients have brought and are being rewarded for.

I was a senioir exec in the IT industry for many years (Asia Pac MD of a Silicon Valley based software company) and am very conversant with, and a big supporter of, incentive schemes. However, the lack of information and transparency on display here means that I cannot, in all good conscience, vote for something I don't understand. NDA's and so forth notwithstanding, the dierctors will need to do much better at allowing me to understand the proposals before they get my vote.

My opinion only and DYOR before making up your mind.

This course of action IMO will send a clear message to the Co and management.

 

[Makeme 2020]

Well I just completed the on-line voting for the AGM, and surprised myself. I am a huge fan of PVdM and AM and what they have done to bring their vision to reality. So I voted for PVdM's performance rights. What he has achieved is tangible and visible.

As for the other performance rights and restricted stock units, I voted against them all. Why I hear you ask? Don't we need to issue these to preserve cash and still attract top quality people? My answer is a definite yes, with the BIG qualification that I need to have visibility of what the KPI's are so I can understand the value that the recipients have brought and are being rewarded for.

I was a senior exec in the IT industry for many years (Asia Pac MD of a Silicon Valley based software company) and am very conversant with, and a big supporter of, incentive schemes. However, the lack of information and transparency on display here means that I cannot, in all good conscience, vote for something I don't understand. NDA's and so forth notwithstanding, the directors will need to do much better at allowing me to understand the proposals before they get my vote.

My opinion only and DYOR before making up your mind.

Exactly how i voted.

 

[Boab]

Well I just completed the on-line voting for the AGM, and surprised myself. I am a huge fan of PVdM and AM and what they have done to bring their vision to reality. So I voted for PVdM's performance rights. What he has achieved is tangible and visible.

As for the other performance rights and restricted stock units, I voted against them all. Why I hear you ask? Don't we need to issue these to preserve cash and still attract top quality people? My answer is a definite yes, with the BIG qualification that I need to have visibility of what the KPI's are so I can understand the value that the recipients have brought and are being rewarded for.

I was a senior exec in the IT industry for many years (Asia Pac MD of a Silicon Valley based software company) and am very conversant with, and a big supporter of, incentive schemes. However, the lack of information and transparency on display here means that I cannot, in all good conscience, vote for something I don't understand. NDA's and so forth notwithstanding, the directors will need to do much better at allowing me to understand the proposals before they get my vote.

My opinion only and DYOR before making up your mind.

I will wait for the results of the 4C before making that decision.

 

[Xray1]

I will wait for the results of the 4C before making that decision.

I will wait for the results of the 4C before making that decision.

I will wait for the results of the 4C before making that decision.

What if the revenue results are basically the same as the last 4C ~$1.2 Mill or maybe slightly less.
Like Sean stated : .... based on results and not effort.

 

[Boab]

What if the revenue results are basically the same as the last 4C ~$1.2 Mill or maybe slightly less.
Like Sean stated : .... based on results and not effort.

If it's a god result i will agree with the proposals but if it's bad I'll vote like @toasty

 

[Techinvestor17]

What if the revenue results are basically the same as the last 4C ~$1.2 Mill or maybe slightly less.
Like Sean stated : .... based on results and not effort.

The 4c is not revenue, it is cash receipts

 

[toasty]

If it's a god result i will agree with the proposals but if it's bad I'll vote like @toasty

The 4C doesn't help one understand what KPI's might have been met and by whom.......

No, not even a good 4C would convince me because I don't have enough information to make a decision about who should be rewarded for the success. I really feel like I'm being kept in the dark about what constitutes success for directors and key employees.

FWIW

 

[Boab]

The 4C doesn't help one understand what KPI's might have been met and by whom.......

No, not even a good 4C would convince me because I don't have enough information to make a decision about who should be rewarded for the success. I really feel like I'm being kept in the dark about what constitutes success for directors and key employees.

FWIW

Agreed but I will trust the Co and if KPI's are set and met I'm ok with that.

 

[Shadow59]

I'm not understanding why anyone would vote on any of the resolutions prior to the 4C. Surely it would make sense to have as much information as possible beforehand?

 

[Humble Genius]

Interesting GREEK NAME for microsofts new AI CHIP...........

WHO ELSE named their ai chip after a GREEK WORD I wonder

Microsoft Building Its Own AI Chip on TSMC's 5nm Process

Code-named Athena, Microsoft has reportedly been working on the chip since 2019.

www.tomshardware.com

Athena was the daughter of Zeus, however she didn't have a mother. She was plucked out of his forehead, so perhaps the implied though is that she has evolved from the brain, therefore its link with AI.

 

[TECH]

Hi All,

Thought I'd do some numbers, my view is that we will see something like this:

Account Balance of approximately $28.6 Million USD as of 31 April 2023 with zero cash receipts for the period 1 January to 31 April 2023.

Meaning 14.3 quarters of funding, equaling approximately 3.5 years of nicely tarred runway, with no visible potholes.

So the big question remains, will the cash receipts reveal a few million to place us in an even more stable position, in knowing that we
are on the cusp of our first IP signing about to release product/s into the marketplace with AKIDA embedded within.

My opinions, simply just that.

Tech

 

[toasty]

Hi All,

Thought I'd do some numbers, my view is that we will see something like this:

Account Balance of approximately $28.6 Million USD as of 31 April 2023 with zero cash receipts for the period 1 January to 31 April 2023.

Meaning 14.3 quarters of funding, equaling approximately 3.5 years of nicely tarred runway, with no visible potholes.

So the big question remains, will the cash receipts reveal a few million to place us in an even more stable position, in knowing that we
are on the cusp of our first IP signing about to release product/s into the marketplace with AKIDA embedded within.

My opinions, simply just that.

Tech

@TECH I can't see how $0 income at this stage of the company's journey could be considered stable? If we are to judge our CEO as he wishes to be (on results rather than effort) then the 4C numbers need to reflect that. In my view it would be disingenuous of him to claim the technical advances as a signal of his success - these were well underway before he arrived. Sean was hired to head up the commercial growth of the company and if the 4C doesn't show some good progress he will, in my opinion, be guilty of making statements that were, lets say, enthusiastic rather than realistic. I hope that doesn't prove to be the case for all our sakes...............