BRN Discussion Ongoing
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Pom down under
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Back to your normal tricks just hope you made plenty money today or you managed to close your short position out as this is only going in one direction and that’s
I don't necessarily think this is a bad thing, it's just annoying when they keep raising capital after we move up by tiny amount which kinda signals that any significant revenues won't be coming any time soon... and kinda kills the uptrend (hopefully Mr market continues to accumulate and run pass this)..
Also, IMO, the maximum of shares, 40 mill, relates to the listing rule 7.1 which limits the number of shares to be issued without shareholders approval to be under 15% of total issued capital. So if the management thinks we need 80 mill (* the 91.5% of 80 mill, I cbb calculating) and share price is 2 dollars (the average), they can issue 40 mill shares before the due date. But even if they don't need 20 mill, because they somehow landed a massive deal, they still need to draw down additional 20 mill.
Imo
Also, IMO, the maximum of shares, 40 mill, relates to the listing rule 7.1 which limits the number of shares to be issued without shareholders approval to be under 15% of total issued capital. So if the management thinks we need 80 mill (* the 91.5% of 80 mill, I cbb calculating) and share price is 2 dollars (the average), they can issue 40 mill shares before the due date. But even if they don't need 20 mill, because they somehow landed a massive deal, they still need to draw down additional 20 mill.
Imo
Tothemoon24
Top 20
BrainChip (ASX:BRN), a producer of neuromorphic artificial intelligence IP, has announced its fourth amendment to the put option agreement with LDA Group, an affiliate of LDA Capital.
The amendment extends the agreement, offering BrainChip access to necessary capital until June 2026.
This brings the total funding available under the POA to $140 million, with an increase of $37 million from previous commitments.
Since the inception of the POA in August 2020, the company has drawn approximately $68 million in gross proceeds.
A crucial aspect of the amendment is the addition of a minimum drawdown amount of $20 million, to be drawn by June 30, 2026.
BrainChip will issue 40 million collateral shares by the earlier of the next capital call or June 30, 2025, adhering to Listing Rule 7.1 placement capacity.
"No additional fees are incurred under the amendment of the POA. The capital raised will drive the development of Akida 2.0 products and support commercialisation and expansion efforts," stated Sean Hehir, CEO of BrainChip.
Hehir elaborated, "With the growing momentum of our 2nd generation AkidaTM products, and our exceptional TENNS solutions which excel in streaming data at the edge, we recognise the need to accelerate investments to drive growth and solidify our market leadership."
"While maintaining a prudent approach to cash management, having access to funding from our well-respected partners at LDA Group, enhances our ability to ensure business continuity and remain competitive against well-capitalized industry peers," the executive added.
Afternoon Mea culpa ,
All looks good , would appear the news has been absorbed & business as usual.
BRING ON CES WITH SOMETHING TO KNOCK OUR SOCKS OFF
Regards,
Esq.
Fullmoonfever
Top 20
LongTermInvestor
Regular
In my opinion, the dilution caused by the LDA is minimal and almost negligible in terms of percentage of the total shares in the registry. i.e. the drop in SP is disproportionate to the dilution caused by the LDA. The market has over-reacted in the morning. Also, I think more access to capital is actually a good thing for BrainChip - especially at the early stage of our commercialization journey.
Haha... I am super happy today!!! I have taken advantage of the opportunity to buy more BrainChips at a discount price
I feel sorry for those who fell into the shorters' scare tactics and sold out at the low 30s today...
CES2025 is going to start at 4AM NSW time (approx 12 hours from now)!!! Bring it on Brainchip!!!!
We will probably see this flying in the next couple of months!
All in my opinion only!!! DYOR!!!
Good luck to all long term investors!!!
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Can't recall if we've seen this. It's the less-spoken-of Akida 2 feature of Long Skip:
US2024378055A1 METHODS AND SYSTEM FOR IMPROVED PROCESSING OF SEQUENTIAL DATA IN A NEURAL NETWORK
Disclosed is a system that includes a processor configured to process data in a neural network and a memory associated with a primary flow path and at least one secondary flow path within the neural network. The primary flow path comprises one or more primary operators to process the data and the at least one secondary flow path is configured to pass the data to a combining operator by skipping the processing of the data over the primary flow path. The processor is configured to provide the primary flow path and the at least one secondary flow path with a primary sequence of data and a secondary sequence of data respectively such that the secondary sequence of data being time offset from the processed primary sequence of data.
In a multi-layer NN, a word or object may be classified at an intermediate layer, making it unnecessary to process the corresponding input signals (activations) in subsequent layers, so the classified word/object is passed to the end layer. In order to compensate for the time saved in skippng layers, a compensatory delay is imposed, so the information at the output is synchronized with the input activations. This can speed upprocessing and save power by avoiding unnecessary processing, and this in turn can avoid "hallucinations".
This can be used in NLP (natural language processing) or in object tracking in silicon, relieving the CPU of these tasks after the words/objects have been classified by Akida.
US2024378055A1 METHODS AND SYSTEM FOR IMPROVED PROCESSING OF SEQUENTIAL DATA IN A NEURAL NETWORK
Disclosed is a system that includes a processor configured to process data in a neural network and a memory associated with a primary flow path and at least one secondary flow path within the neural network. The primary flow path comprises one or more primary operators to process the data and the at least one secondary flow path is configured to pass the data to a combining operator by skipping the processing of the data over the primary flow path. The processor is configured to provide the primary flow path and the at least one secondary flow path with a primary sequence of data and a secondary sequence of data respectively such that the secondary sequence of data being time offset from the processed primary sequence of data.
In a multi-layer NN, a word or object may be classified at an intermediate layer, making it unnecessary to process the corresponding input signals (activations) in subsequent layers, so the classified word/object is passed to the end layer. In order to compensate for the time saved in skippng layers, a compensatory delay is imposed, so the information at the output is synchronized with the input activations. This can speed upprocessing and save power by avoiding unnecessary processing, and this in turn can avoid "hallucinations".
This can be used in NLP (natural language processing) or in object tracking in silicon, relieving the CPU of these tasks after the words/objects have been classified by Akida.
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So when do you think Nvidia will make a takeover offer for BRN so it can dominate the AI at the edge as well? Surely it has to come.
Fullmoonfever
Top 20
Hi Robsmark, while the timing of today's announcement was a bit frustrating (like finally lighting a fire after hours of effort, only to have water poured on it right away), my optimistic side "hopes" that this reflects management's confidence in their ability to drive the share price higher before June 2025!
It also seems that Mr. Market's momentum remains unstoppable! IMO, it looks like it's going to continue climbing after this brief hiccup. Hopefully, the management can put a cherry on top by landing a massive IPO deal soon!!!
IMO only...
Directive 011: Operation Akida Unveiling
From: Director of the Information and Special Unit
To: CES Intel Recon Task Force TSE
Subject: Search for BrainChip and Akida Mentions at CES
Listen up, team. This is a top-priority mission. Not a drill! Rumors are swirling—whispers, faint and elusive—that somewhere in the glittering halls of CES, a clue about BrainChip’s Akida technology might be hiding. It could be a casual mention in a PowerPoint presentation, a prototype tucked away in a shadowy display corner, or—heaven forbid—a footnote in a lab catalog.
Task Assignments:
1. Agent Bravo Curiosity: You’re infiltrating every keynote, panel, and session with buzzwords like “AI,” “neuromorphic computing,” and “brain-inspired technology.” Stay inconspicuous. Yes, that means no flashy notebooks with neon-colored tabs!
2. Agent FMF-Datahound: Your mission is to collect every press release, flyer, and brochure from the overzealous marketing reps. Bonus points if you manage to make small talk and casually drop the word “BrainChip” into the conversation.
3. Agent Manny Hidden Lens: Your job: Seek out the booths and displays that look “too polished.” You know the type. If someone gets nervous when you examine their glass case a little too closely, you’re onto something. Document everything.
4. Agent Esq.111 and Pom Googlefu: You’ll be stationed at HQ, combing through the internet for overlooked clues. Sometimes, the best intel shows up in obscure Reddit threads or tiny press blogs. Be thorough. And no, this is not an excuse to fall into a YouTube rabbit hole!
FF…. Do what you have to do! I know you are here … you always will!
Objective: We need solid evidence of whether BrainChip has mentioned or showcased their Akida technology at CES. No rumors, no “maybes.” We want hard facts!
Time is of the essence, team. Every minute counts. If Akida is lurking in the shadows, we’ll uncover it—or face some very awkward questions in the next briefing.
Director out.
Agent Dave, get out of my sight, you double agent!!
@Dallas you are our man in Germany…. Find whatever you can !
From: Director of the Information and Special Unit
To: CES Intel Recon Task Force TSE
Subject: Search for BrainChip and Akida Mentions at CES
Listen up, team. This is a top-priority mission. Not a drill! Rumors are swirling—whispers, faint and elusive—that somewhere in the glittering halls of CES, a clue about BrainChip’s Akida technology might be hiding. It could be a casual mention in a PowerPoint presentation, a prototype tucked away in a shadowy display corner, or—heaven forbid—a footnote in a lab catalog.
Task Assignments:
1. Agent Bravo Curiosity: You’re infiltrating every keynote, panel, and session with buzzwords like “AI,” “neuromorphic computing,” and “brain-inspired technology.” Stay inconspicuous. Yes, that means no flashy notebooks with neon-colored tabs!
2. Agent FMF-Datahound: Your mission is to collect every press release, flyer, and brochure from the overzealous marketing reps. Bonus points if you manage to make small talk and casually drop the word “BrainChip” into the conversation.
3. Agent Manny Hidden Lens: Your job: Seek out the booths and displays that look “too polished.” You know the type. If someone gets nervous when you examine their glass case a little too closely, you’re onto something. Document everything.
4. Agent Esq.111 and Pom Googlefu: You’ll be stationed at HQ, combing through the internet for overlooked clues. Sometimes, the best intel shows up in obscure Reddit threads or tiny press blogs. Be thorough. And no, this is not an excuse to fall into a YouTube rabbit hole!
FF…. Do what you have to do! I know you are here … you always will!
Objective: We need solid evidence of whether BrainChip has mentioned or showcased their Akida technology at CES. No rumors, no “maybes.” We want hard facts!
Time is of the essence, team. Every minute counts. If Akida is lurking in the shadows, we’ll uncover it—or face some very awkward questions in the next briefing.
Director out.
Agent Dave, get out of my sight, you double agent!!
@Dallas you are our man in Germany…. Find whatever you can !
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DingoBorat
Slim
It did indeed and guess what?...
I actually thought much earlier in the day, that this would close above open, around 36 cents..
With funding now secure, for the foreseeable Future, it takes out another element of risk, which others don't like, hence the rabid down ramping.
The chances of news from CES (in the form of a partnership) or even an IP deal dropping now, due to increased Company funding, pushing this above recent highs, are well.. High.
Sorry to all the "holders" that didn't hold and caved in to fear.
Congratulations, to those with the fortitude and funds, to buy more.
I have not traded this at all, but I have mentally tortured myself, over daily possible gains in the thousands, through trading.
It's obvious to me, that the only way BrainChip, will make "me" wealthy, is if BrainChip is truly successful.
And to all who do successfully trade BrainChip, no hard feelings here, or green eyed monsters, or what have you..
I still love you bastard sons of bitches, and bitches of bastard dogs.
Bring it BrainChip!
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Bravo
If ARM was an arm, BRN would be its biceps💪!
Agent Bravo reporting for duty sir!
Rest assured, you can count on me to fulfill my mission to the very best of my capabilities.
Inconspicuous is my middle name.
Like a gerbil in a sock, no-one will ever know I was there.
Pom down under
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