BRN Discussion Ongoing

[Earlyrelease]

Well my take on the podcast.
1) Somebody is listening to the stockholders (SH) and trying to improve comms.
2) We have a legal hurdle to overcome which has two outcomes the SH trust the management and vote to pay out the 8m shares or we get sued and end up handing over 8m and paying fees for both parties if the case is found in favour of the previous director.
3) Sean has told us his thoughts on staff growth and expenditure. Depending on your nature and if you are glass half full or empty you will either see a faster burn of cash ( half empty) or a faster growth in revenue ( half full) when royalties start to flow in the future as instead of a few companies being on board there may be many more.

Now not being a professional in this field I don’t intend to doubt a professional in his field. But what I do note is that nobody is challenging his views on the time to develop products. So if there was true professionals in this field out there ( which we are blessed to have) and if Sean had misled the audience in this regard I am sure that would be called out by those members.

Therefore whilst I concur revenue of note may still be a bit away that is based on actual legitimate logistical reasons and not necessarily on lack of interest.

So I am still confident and havnt changed my outlook.

Stay strong.

 

[AusEire]

Man am I embarrassed telling friends and family after a delay of one year in revenue already that the Gen2 which was supposed to come out in Q3 maybe even Q2 has been delayed for up to 6 moths yet again in a span of just two or three weeks of time.
Im sorry for whoever is still taking words of the management seriously. What a shit show.

Can you show me where they said Q2? I've always understood it to be by the end of the year.

 

[Space Cadet]

Didn’t Sean get questioned about funds and said we are ok, but we need to spend more money employing more staff which says to me another round of fundraising coming soon and the more I think about it the worse the podcast sounded

Really. Now your just making shit up.

SC

 

[manny100]

I can't believe the responses here to the podcast. I must have been listening to a different one. I think Sean presents really well, his answers to our questions were exactly what I expected to hear. About time the company is starting to acknowledge our concerns. He believes in the technology and the success of the business going forward.

Revenue is always my concern but Sean is not in a position to disclose any current or pending negotiations. I'd be surprised if those attending the AGM don't find him very competent and engaging in person.

Man I'm one of the biggest whingers here and you guys are leaving me in your dust

I agree, they are really stepping up investor presentations which means more information out there.

 

[manny100]

Can you show me where they said Q2? I've always understood it to be by the end of the year.

During the April 23 presentations Sean said Gen 2 will be complete Q3 easily maybe a little earlier. Revenue not expected until year end.

 

[Deadpool]

So.
We finally get some direct communication from Sean attempting to address our concerns and all you can do is tear him a new one.
No wonder FF left again.
This place is getting more and more like the crapper.
A regular pit of vipers over there too.

Totally agree mate, there seems to be a few self-righteous narcissist assholes here of late, and with an obvious defective moral compass.
The lack of respect is disgusting.

 

[Schnitzel lover]

Can you show me where they said Q2? I've always understood it to be by the end of the year.

From the ASX Ann on Gen 2..

 

[DerAktienDude]

It’s post 53.961 If I link it it always shows the incorrect one.

Can you show me where they said Q2? I've always understood it to be by the end of the year.

 

[Makeme 2020]

Totally agree mate, there seems to be a few self-righteous narcissists assholes here of late, and with an obvious defective moral compass.
The lack of respect is disgusting.

2023 .
No sorry 2024.
Hang on 2025.
My bad 2030.

 

[Violin1]

Looking forward to the AGM. Suspect there’ll be a few whippy-stick complainants around…

 

[Makeme 2020]

2023 .
No sorry 2024.
Hang on 2025.
My bad 2030.

Management keep changing the goal posts but treats s/h like mushrooms
WHY should we give them free SHARES WHY.

 

[Foxdog]

My guess is Mercedes

I don't think so. Sean did say that it's during economic times like these that the industry leaders position themselves for when the economy recovers. This is how they outperform their peers. I think Merc would be the perfect example of this and will be investing heavily in R&D to outperform in the future.

 

[Schnitzel lover]

Would it be fair to assume the Gen 2 availability is unrelated to Patent approvals?

I don’t actually see a delay to availability as an issue, particularly giving customers a runway to work with 1500 and put the final touches to Gen 2..

I re-listened to the update again, and I think aside from disagreeing about the 8mill RSU to Manny, I thought Sean was sincere and as open as he could be under the circumstances..

I’d advise anyone concerned about this bottoming to oblivion read my post on the share price thread and save some emotional capital..

 

[Kachoo]

Hi all I'm writing here as I'm listening to the latest podcast.

Akida 1000 was not a failure as some post here. It has a small niche market it out performs the competition but as put the current solutions are good enough in some cases.

This does not mean that there will be no uptake but when new technologies come out they may not the more faster power efficient model the reengineering an old system.

Also the miss leading saying of Akida 2.0 delayed is not true. The original presentation was talking about early adopters getting the IP now with a referance chip in late q2 early q3 and now show says fully commercial available end of 2023 that's for everyone. That timeline never changed. The early results are very positive on the power and performance.

Lead on the technology is still there no really actual lengthy in time but it's very hard to put a time frame on it.

The sales cycle was explained I think was average but he did would excited she your in your in lol.

Partnerships and ecosystems clearly identify why it's needed in enterprise buisness.
Revenue question was obviously a no awnser other then he is confident that to deliver revenue is comming. The question was more on forecasting and he did state its hard to donat the moment cause there is no continous stream yet.

Cash position question. Seems okay. He did say he will spend money needed to generated revenues needed to give returns that the shareholders they deserve. I think the take away from this statement is that he is aware of us holders and our frustrations on revenue. IMO

Money safe in banks spread out and secured.

Economic head winds Project on hold that they got the design win. Not cancled but delayed. This is not anyone's fault in BRN. When innovations move forth he is confident that will build with Akida.

With regards to shorting as results roll in that situation will clean itself up. So basicly he said when revenues start kicking in the shorts will have to cover basic logic.

Regards ASX announcement they are compliant and not all worthy or can be put in. Now this one I do agree they need to be a bit better communicating but then it's on an investor to do their dd.

Now i read about some complaints and i find many of them false. I read one comment that he saud fax. The feel these shorts did a number on some with some false statements on this pod cast.

I have it a second listen and it was not as bad as some make. The revenue figures minimum to high we will see there was no indication that things are bad as the down ramper make it out.

 

[Schnitzel lover]

Post in thread 'Share price movement of Brainchip, discussion, The Good the Bad and the Fugly and general concern'
https://thestockexchange.com.au/thr...-fugly-and-general-concern.139152/post-282193

 

[Kachoo]

Would it be fair to assume the Gen 2 availability is unrelated to Patent approvals?

I don’t actually see a delay to availability as an issue, particularly giving customers a runway to work with 1500 and put the final touches to Gen 2..

I re-listened to the update again, and I think aside from disagreeing about the 8mill RSU to Manny, I thought Sean was sincere and as open as he could be under the circumstances..

I’d advise anyone concerned about this bottoming to oblivion read my post on the share price thread and save some emotional capital..

I thought the podcast was reasonable.giving it a second listen. I agree about the 8 million as I don't agree about this vote. But basicly we are told this is our cheaper option. I guess he has to communicate this too us.

 

[Makeme 2020]

I thought the podcast was reasonable.giving it a second listen. I agree about the 8 million as I don't agree about this vote. But basicly we are told this is our cheaper option. I guess he has to communicate this too us.

Broken promises

 

[Bravo]

So, if anyone on here has actually bothered to look at some of the companies partnering with us, and then bothered to look at their timelines for commercialisation they'll see that the development time-frames are mostly pitched for EOY 2023, then uptick in 24/25.

Take NVISO, because driver monitoring becomes mandatory at a certain time hence, ALL vehicles will require it past this point. Does everyone know the significance of these time-lines, because I'm pretty sure I do?

 

[AusEire]

So, if anyone on here has actually bothered to look at some of the companies partnering with us, and then bothered to look at their timelines for commercialisation they'll see that the development time-frames are mostly pitched for EOY 2023, then uptick in 24/25.

Take NVISO, because driver monitoring becomes mandatory at a certain time hence, ALL vehicles will require it past this point. Does everyone know the significance of these time-lines, because I'm pretty sure I do?

Don't be coming in here with facts. Don't you realise this is time for complete delusion and misrepresentation?

 

[TheFunkMachine]

Coincidence Toshiba has popped up a couple times this weekend.

I read a blog article by this company a couple days ago and didnt think too much about it other than interesting....after seeing the Toshiba Dir of Engineering comment, thought I find the blog again and post as a little more relevant.

My bold....they certainly got some coin haha

How Toshiba Invests in Research and Development to Drive Innovation

Toshiba is a global leader in various technology fields, such as energy, infrastructure, electronics and digital solutions. The company's success is based on

innovolo-group.com

How Toshiba Invests in Research and Development to Drive Innovation​

• BRADLEY PALLISTER
• MARCH 27, 2023
• INNOVATION INSIGHTS

Toshiba is a global leader in various technology fields, such as energy, infrastructure, electronics and digital solutions. The company’s success is based on its continuous investment in research and development (R&D) to create innovative products and services that meet the needs of customers and society.

According to its financial data, Toshiba spent approximately 1.5 trillion Japanese yen (about 13 billion US dollars) on R&D in the fiscal year 2021, which accounted for 4.9% of its sales. This ratio is higher than the average R&D expenditure as % of the revenue of other major Japanese companies in the ICT industry, which was 3.8% in the fiscal year 2020.

Toshiba’s R&D strategy focuses on three key areas: core, growth, and frontier technologies. Core technologies are the foundation of Toshiba’s business domains, such as power systems, industrial systems, electronic devices and storage devices. Growth technologies are the drivers of Toshiba’s future growth, such as artificial intelligence (AI), the internet of things (IoT), robotics and quantum cryptography. Frontier technologies are the exploratory fields that Toshiba aims to create new value and markets, such as biotechnology, neuromorphic computing and fusion energy.

Toshiba conducts its R&D activities through various channels, such as its own research laboratories, joint research with universities and other institutions, collaboration with customers and partners, and participation in national and international projects. Some of the recent achievements of Toshiba’s R&D include:

• Developing a high-performance AI processor that can perform complex deep learning tasks at high speed and low power consumption.
• Launching a new generation of NAND flash memory that can store up to 1 terabyte of data in a single chip.
• Establishing a world record for continuous operation of a nuclear fusion reactor for 20 seconds at a plasma temperature of over 100 million degrees Celsius.
• Introducing a digital transformation platform that can integrate data from various sources and provide advanced analytics and solutions for various industries.

See also What are the benefits of using a licensing revenue model?

Toshiba’s R&D efforts are aimed at enhancing its competitiveness and profitability and contributing to social good and environmental sustainability. Toshiba’s vision is to become a “cyber-physical systems (CPS) technology company” that can create value by connecting the physical and digital worlds. By investing in R&D, Toshiba hopes to realize this vision and achieve its corporate motto: “Committed to People, Committed to the Future.”

Brilliant!

Answered all the questions openly and honestly that people have been asking.

Well done.

Which company is he talking about that they won the contract but they ended up not going ahead with making a chip?