BRN Discussion Ongoing

[Guzzi62]

I disagree with you on this Xray.
I really want the proposed redomicile discussed at the AGM.

This AGM is a rare forum where the board can get some actual feedback from a range of existing shareholders about the concerns many have.
It's also an opportunity for them to sell us on the idea.
This can best be done by an open exchange with the hopefully representative sample of shareholders present.
Otherwise it's just the board considering and acting within their bubble, perhaps just taking into account the views of a few sophs, institutions and assorted money men, who make their living picking up the crumbs from such transactions.

The fact we have been put on notice that a redomicile is their intention means we would be stupid not to provide them feedback from the current owners of the company.
Beyond an actual vote, this may be the last opportunity we have to make our views known on this matter.

Yes, agreed, we need to know in detail about the redomicile plans.

Isn't there a meeting about it just before the AGM? EDIT: No, there isn't!

Pointless moving over before we are a healthy profitable company as already mentioned many times.

Unless they have a big partner lined up upon redomicile, injecting lots of cash for x amount of shares, aimed at a buy-out a few years down the road.

 

[Getupthere]

I disagree with you on this Xray.
I really want the proposed redomicile discussed at the AGM.

This AGM is a rare forum where the board can get some actual feedback from a range of existing shareholders about the concerns many have.
It's also an opportunity for them to sell us on the idea.
This can best be done by an open exchange with the hopefully representative sample of shareholders present.
Otherwise it's just the board considering and acting within their bubble, perhaps just taking into account the views of a few sophs, institutions and assorted money men, who make their living picking up the crumbs from such transactions.

The fact we have been put on notice that a redomicile is their intention means we would be stupid not to provide them feedback from the current owners of the company.
Beyond an actual vote, this may be the last opportunity we have to make our views known on this matter.

I have to disagree with the idea that this AGM is our last real opportunity to make our views known. Shareholders aren’t powerless or voiceless between AGMs. If you want to understand what the board is going to do over the next 12 months, just ask the hard questions about the last 12. Their track record is usually a solid indicator.

Let’s not pretend the timing of the redomicile announcement is accidental. It’s been in the works for months, and now right before the AGM and conveniently after a poor 12-month performance it finally gets released. That’s not transparency… that’s strategy.

This isn’t about open exchanges or selling us on the idea.
It’s about control and narrative management.
And I call BS.

 

[Bravo]

How about I conduct a quick survey so we can wrap this issue up ASAP!

Hands up anyone who wants us to redomicile when we have no licenses and no money?

Case closed!

Gosh, that's another $68,0000 I just saved the company!

 

[Pom down under]

Some one needs to fund the spread that management are hopefully putting on Tuesday

 

[Guzzi62]

I have to disagree with the idea that this AGM is our last real opportunity to make our views known. Shareholders aren’t powerless or voiceless between AGMs. If you want to understand what the board is going to do over the next 12 months, just ask the hard questions about the last 12. Their track record is usually a solid indicator.

Let’s not pretend the timing of the redomicile announcement is accidental. It’s been in the works for months, and now right before the AGM and conveniently after a poor 12-month performance it finally gets released. That’s not transparency… that’s strategy.

This isn’t about open exchanges or selling us on the idea.
It’s about control and narrative management.
And I call BS.

Nope, thumps down.

There will be time discussing status of IP deals or lack thereof, don't you worry about that!

 

[MDhere]

Thanks FJ,

Judging by what happened to edge AI chip startup Blaize after it listed on NASDAQ via a merger with the SPAC BurTech in January 2025, my vote on redomiciling would be an unequivocal "no".

That is, unless a number of key licenses were suddenly signed, large amounts of revenue started appearing out of nowhere, or a well-known cornerstone investor, like Arm, stepped in to back us. Otherwise, it would be a resounding "no" from me.

To put it into perspective, at the time of the merger, Blaize was valued at an implied enterprise value of approximately $894 million, with shares priced at $10.00 each. However, by April 2025, the share price had declined to around $2.51, representing a loss of nearly 75% from the initial listing price.

The anticipated benefits of going public did not materialize for Blaize as expected and consequently the shareholders who invested at the time of the listing have faced significant losses.

Given how we are tracking currently, pursuing a similar path would be nothing short of self-sabotage IMO.

I'm with you on this one Bravo but Blaize did rise to about $15 before crashing.
However with Brainchip well I "think" we are in a good position which is the "early in" position.

With some brains on the part of the board before we enter nasdaq we will be past the all time high of lousy $2.34 ( might be a few cents out).


That was the board has regained respect of all current shareholders again and the early in shareholders can then debate in their own minds what they want to do with that outcome prior to the jump into the nasdaq.

At that price $2.34 it will still be a split to get it to the $4 usa dollar mark but at least its a price that early in shareholders can stomach, in my view nothing less.

I'm optimistic that the board is well aware of the patience and turmoil of NDA bullshit (pardon the French) but now the board need to get a grip of what all this NDA AND price fluctuations because of Mercedes has done do many genuine holders who believe all the the board dishes out.


Ok my rant over but essentially in a nutshell im with u lol being in at least $2.34 to bring things back into a bit of when ground and perspective of promise.

 

[JoMo68]

Hey


I did get a response from Lou below and I’ve also asked him his thoughts on moving to the US with the SP at its current price and why the board would not want Steven Liebeskind elected as a director. Not expecting a response, but you never know.

I’ve not yet had any response from Lou.

 

[Pom down under]

I’ve not yet had any response from Lou.

I did and it was very informative

 

[Bravo]

Ummm... ChatGPT reckons that regulatory scrutiny would actually be higher if BrainChip redomiciled to the U.S.!

It states:

“Regulatory Scrutiny: SEC filings are stricter; BrainChip may be forced to disclose more detailed financials and pipeline info, which could backfire if weak.”

But hang on a minute—wasn’t one of the key justifications for redomiciling the need to escape the burdens of ASX disclosure rules?

Something doesn’t quite add up. Either the company wants less scrutiny or it’s walking straight into more of it...

Question : BrainChip is considering redomiciling to the US. The share price is currently 25 cents and there has been very little traction in relation to the signing of new licences and the emergence of any decent revenue. Is it likely that BrainChip would confront a similar fate to Blaize with their disappointing experience listing on the NASDAQ?



Chat GPT's Answer: Given BrainChip's current circumstances—a low share price (25 cents), minimal revenue traction, and few new license agreements—a redomicile to the U.S. could indeed expose it to risks similar to those faced by Blaize, which suffered a 75% share price drop within months of its NASDAQ debut via SPAC.


Here’s a breakdown of how the two situations compare and why BrainChip might risk a similar fate if it proceeds without first strengthening fundamentals:

---

BrainChip vs Blaize – Risk Comparison​

Factor	BrainChip (Now)	Blaize (at NASDAQ Listing)
Share Price	$0.25 AUD (~$0.17 USD)	$10.00 USD at listing
Revenue	Minimal, with no clear breakout revenue reported	~$2M TTM, net loss >$70M
Licensing Traction	Sparse updates on commercial deals	Entered market with limited commercial success
Investor Confidence	Waning, due to lack of visibility and delivery	High at listing, quickly eroded
Valuation Expectations	Unclear, likely difficult to justify high valuation in U.S.	Valued at $894M, now down sharply
Market Conditions	Still cautious around deep tech unless backed by revenue	Similar post-SPAC fatigue and skepticism

---

Key Risks of Redomiciling Now​

• Dilution Risk: A U.S. listing could involve raising capital at low valuation, diluting existing shareholders.
• Visibility ≠ Value: Without revenue, a U.S. move would only shine a brighter light on BrainChip's lack of commercial traction.
• Regulatory Scrutiny: SEC filings are stricter; BrainChip may be forced to disclose more detailed financials and pipeline info, which could backfire if weak.
• Investor Sentiment: NASDAQ investors are unforgiving if results don’t materialize quickly. A poor debut could destroy confidence permanently.

---

When Redomiciling Could Make Sense​

• Signing multiple commercial licenses with global players.
• Demonstrating repeatable revenue and clear growth trajectory.
• Securing a credible cornerstone U.S. investor (e.g., Arm, Qualcomm).
• Showing robust customer pipeline metrics and use-case adoption.

---

Conclusion​

Unless BrainChip significantly strengthens its commercial foundation—first—then redomiciling to the U.S. risks repeating Blaize’s trajectory: high expectations, low delivery, and a rapid erosion of shareholder value.

 

[7für7]

I did and it was very informative

Then enlighten us with your insider knowledge—to either calm our minds or stir them up even more, depending on the case…

 

[Pom down under]

Then enlighten us with your insider knowledge—to either calm our minds or stir them up even more, depending on the case…

I ask Lou if I could post his response and he responded with those 4 words. Which made no sense to me, so until I know I can then I won’t and why’s it insider’s knowledge? As Lou is just a share holder like the rest of us.

 

[manny100]

One thing someone at the AGM should ask is managements definition of the word bookings, The statement that we expect higher bookings in 2025.
Think shareholders should know it does,nt mean,IP Licences, Revenue,Sales,Contracts. It means at trade shows talking to parties that’s it, that is what we pay them there generous bonuses for, the same shit they have done the last six years all talk no action. All these partnerships are a way of hiding the fact nobody wants to buy a IP Licence and pay upfront we are giving our IP away in the hope it may result in a saleable item. If it’s not the case then where the fuck is all the revenue from all the items we are supposedly using it in space. Glad I brought a engineering business not!

"last 6 years all talk no action."
They only went fully commercial less than 3 and a half years ago.

 

[7für7]

I ask Lou if I could post his response and he responded with those 4 words. Which made no sense to me, so until I know I can then I won’t and why’s it insider’s knowledge? As Lou is just a share holder like the rest of us.

Insider knowledge refers to you, because you seem to know something we don’t… And why would he post two contradictory messages in the most hostile forum, and then, when it comes to his supposed reply—which is supposedly informative—it suddenly can’t be shared? That makes even less sense to me.

 

[HopalongPetrovski]

I have to disagree with the idea that this AGM is our last real opportunity to make our views known. Shareholders aren’t powerless or voiceless between AGMs. If you want to understand what the board is going to do over the next 12 months, just ask the hard questions about the last 12. Their track record is usually a solid indicator.

Let’s not pretend the timing of the redomicile announcement is accidental. It’s been in the works for months, and now right before the AGM and conveniently after a poor 12-month performance it finally gets released. That’s not transparency… that’s strategy.

This isn’t about open exchanges or selling us on the idea.
It’s about control and narrative management.
And I call BS.

If it is not discussed at this AGM and yet is proposed to be done before the next, when exactly is the opportunity for ordinary shareholders to have any input and engage in an exchange of views with the board?

 

[HopalongPetrovski]

I ask Lou if I could post his response and he responded with those 4 words. Which made no sense to me, so until I know I can then I won’t and why’s it insider’s knowledge? As Lou is just a share holder like the rest of us.

Hi Pom.
So are you now convinced 100% that it was the real Lou DiNardo who made those posts on the crapper?
Whoever made them was clear enough on their opinions.
The controversy is around if it was actually Lou or someone impersonating him.

 

[Pom down under]

Hi Pom.
So are you now convinced 100% that it was the real Lou DiNardo who made those posts on the crapper?
Whoever made them was clear enough on their opinions.
The controversy is around if it was actually Lou or someone impersonating him.

From the response I got 110% and @TECH confirmed it was his email

 

[7für7]

This topic is getting more and more ridiculous… Just like in kindergarten… “The teacher told me a secret… but I’m not allowed to tell you!” “Which teacher?”
“Mhhhmmmm I can’t tell you ”

 

[Guzzi62]

One thing someone at the AGM should ask is managements definition of the word bookings, The statement that we expect higher bookings in 2025.
Think shareholders should know it does,nt mean,IP Licences, Revenue,Sales,Contracts. It means at trade shows talking to parties that’s it, that is what we pay them there generous bonuses for, the same shit they have done the last six years all talk no action. All these partnerships are a way of hiding the fact nobody wants to buy a IP Licence and pay upfront we are giving our IP away in the hope it may result in a saleable item. If it’s not the case then where the fuck is all the revenue from all the items we are supposedly using it in space. Glad I brought a engineering business not!

Tom& Jerry,

IP deals starts with partnerships, that's not that hard to understand, is it?

Smaller companies don't have money for paying for an IP license, so they typically pay more per chip than a company buying an IP.

You and your fellow downrampers keep on harping about the timeline, but you guys seems to forget we are only about 3.5 years into Sean's 5-year plan!
The BoD knows exactly what's going on, and they will already now have a good picture of how his plan is unfolding.
I expect we will know more next week, stay tuned!

Sadly, getting rich quickly didn't pan out for you, maybe try crypto?

 

[TheDrooben]

Chelpis partners with BrainChip and Mirle to develop PQC security for robotics. | Ming Chih posted on the topic | LinkedIn

Exciting news from Chelpis! We are proud to announce our strategic collaboration with BrainChip and 盟立自動化股份有限公司 Mirle Automation Corporation to develop a next-generation security solution for industrial robotics. This partnership marks a key milestone in our mission to build a Post-Quantum...

www.linkedin.com

Happy as Larry

 

[manny100]

For perspective another example of the lenghty timeframes to closure.
Renesas took out licence in Dec'20.
Renesas announced it was taping out the chip in Dec'22.
It was likely around Mid 2023 before they received and completed testing the production chip.
That is only around 2 years ago.
Their clients would then perform their own testing before they released it to the public in products.
If Reneses clients are using it for non regulated products we may start seeing results very late this year or next year.
For regulated products eg some health or auto safety add around a couple of years.