Sorry to disagree. This is an amazing stock. The price flew last month when Mercedes announced that the BRN chip is running the AI in their new concept car - an electric car that can go 1000 k's on one charge. Expected to be in production within 2 years. Other trials are underway in so many other areas with international companies but do your own research. Biggest holding in my SMSF. That is how much I am impressed with it as a long term hold.
BRN - Brainchip Holdings
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Rock solid progression to commercialise Akida, well thought out management hiring over the past few months, along with the acquisition of a new and much larger office in Silicon Valley all point to an exciting 2022. LTH. Those forming a negative opinion on earnings alone do not understand fully what BRN has to offer. DYR. A very clever arrangement with LDA re loans will avoid any hint of a Cash Raise from SH.
BRN has now moved into Australia's top 200 Companies. Still without income of any sort. There is a reason for both and their time is about to shine in this next 6 months.
Most of their agreements are restricted by Non Disclosure Agreements put in place by customers wanting to keep ahead of their competitors. And because most of those agreements are signed with third party suppliers who help their customer to get the best use of BRN's Akida product they may not require announcement through the ASX. So you may not know of sales until the quarterly figures are released.
Mercedes is one of the first announcing independantly that the Akida chip has assisted their Concept Electic Car to travel 1200 kilometres through Europe on a single charge (a variety of videos are on-line). The first test they stopped at 1007 kilometres when the reached their destination. In the second (independently supervised) test when they reached their destination they continues around a nearby race track until they run out of power. Mercedes plan to release models in 2024 including this technology.
BRN does not require to manufacture any computer chip to sell their technology, they simply implant the tech onto a chip already in use by the customer.
Shareholders still do not know how many different functioning chips, in a car for example, would have Akida incorporated.
A select group of BIG customers have had the Akida chip to play with for a while now and would have worked out how to best use the AI technology that no-one else is able to provide. BRN have indicated that considerable revenue will start coming in the next 6 months.
From what shareholder investigations have unearthed this technology will be everywhere.
Research elsewhere will show you what companies that shareholder combined research have identified as some of the probable multi-national company customers and how they could plan to use it.
DYOR
Most of their agreements are restricted by Non Disclosure Agreements put in place by customers wanting to keep ahead of their competitors. And because most of those agreements are signed with third party suppliers who help their customer to get the best use of BRN's Akida product they may not require announcement through the ASX. So you may not know of sales until the quarterly figures are released.
Mercedes is one of the first announcing independantly that the Akida chip has assisted their Concept Electic Car to travel 1200 kilometres through Europe on a single charge (a variety of videos are on-line). The first test they stopped at 1007 kilometres when the reached their destination. In the second (independently supervised) test when they reached their destination they continues around a nearby race track until they run out of power. Mercedes plan to release models in 2024 including this technology.
BRN does not require to manufacture any computer chip to sell their technology, they simply implant the tech onto a chip already in use by the customer.
Shareholders still do not know how many different functioning chips, in a car for example, would have Akida incorporated.
A select group of BIG customers have had the Akida chip to play with for a while now and would have worked out how to best use the AI technology that no-one else is able to provide. BRN have indicated that considerable revenue will start coming in the next 6 months.
From what shareholder investigations have unearthed this technology will be everywhere.
Research elsewhere will show you what companies that shareholder combined research have identified as some of the probable multi-national company customers and how they could plan to use it.
DYOR
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Good arvo/evening to all and sundry from a very wintery day here on the Scarp. Greed over took me with a sell I have for BRN today. Not nessarily needing to sell today but it did pass my original point of departure, but the bloke in the mirror got into my ear and advised/suggested that I increase it by another couple of cents, which I did. If tomorrow is as good as today then that very wise sage will have been worth listening to.
My watchlist was as green as the grass in the paddock at the back of the house today.
My watchlist was as green as the grass in the paddock at the back of the house today.
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How did that go.. bad timing?
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Oh woe is me The sage got it terribly wrong today on the BRN upward swing. Not going to lose sleep over it though Once down there is only one way and that is up. Did buy back into ZIP though.
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A bad 4C. All the big names (Mercedes, NASA, etc) wanted to test their chip, but it seems no one wants to buy it.
Far too many retail traders holding this. It had to happen. The market cannot possibly reward that many retail traders at once. That's really what it boils down to.
Far too many retail traders holding this. It had to happen. The market cannot possibly reward that many retail traders at once. That's really what it boils down to.
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Been pretty busy of late with little time to look in and see what the chatter is. Got quite a shock to see that BRN fell off the cliff and floated like a lead balloon today. Still today is friday, Frightday.
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My choice if I'm lucky enough to get into the December Competition. BRN I feel will be a great money spinner when is the question, not even the bloke in the mirror will answer that. I have have been holding and trading consistently and am a fervent believer in this mob
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BRN is once again my choice for the monthly competition. Though the SP has dipped from early December, I do have faith that company will rally and produce the goods. It is a stock I have held (script in the bottom drawer) and also day trade to some extent. It is only a matter of time before it reaches its true potential.
Craton
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BRN also again in my 2023 FY stock tips.
Brainchip's Akida is the world’s first commercial neuromorphic processor.
It mimics the brain to analyze only essential sensor inputs at the point of acquisition—rather than through transmission via the cloud.
Brainchip's Akida is the world’s first commercial neuromorphic processor.
It mimics the brain to analyze only essential sensor inputs at the point of acquisition—rather than through transmission via the cloud.
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Evening to you access. I have been a believer in BRN for quite some time, and waiting patiently for the BRN star to shine brightly. Let us hope that Tuesday is going to be that start date.
Hi Farmerge,
I know you have been a supporter and picker of BRN in the monthly comp. I would have picked it myself for the January comp but I knew you would have liked to continue so left it to you.
The reason I liked January specifically is in expectation of a good income figure for the Oct-Dec quarter which will be announced late this month.
For at least 18 months BRN have been indicting that licence fees and income will be starting to flow in that quarter. BRN don't even have to manufacture computer chips to supply to their customers. They simply supply under licence the Akida technology which is incorporated into an existing chip of the manufacturer. So BRN has no big computer chip orders flowing through it's figures for onforwarding to customers.
Going by the quality of supplier companies that have agreements with BRN their own customer base must be extensive and a range of the customers of considerable size.
We wait and see. DYOR
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Hello access I believe that BRN will be that shining star in the future. I have some script squirreled away for that day when it explodes out of the blocks . Now hoping that I can improve on 6th in the Comp.
Dona Ferentes
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Not on recent developments
BrainChip Holdings fell 7.5 per cent to 68¢ after proceeding to a capital call with backer LDA Capital of Los Angeles that dates back to a funding arrangement struck in 2020
Craton
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Interesting reading the reasoning for the draw down as per this mornings ASX filing.
No doubt LDA Capital will turn a quick profit though.
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Oh woe is me BRN falling fast in the last few days. Now I am looking at the wooden spoon tomorrow if this form keeps up. I still am a fervent believer in this mob, and do hold a reasonable number of shares.
Not suggesting a buy or sell (but a buying spree would be nice)
As always DYOR
Not suggesting a buy or sell (but a buying spree would be nice)
As always DYOR
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Hope you're right @farmerge and I am wrong, as one of my close friends parents has bought into this, but I believe BRN to be a 0.
They seem to have developed something but I'm still not convinced that it isn't just nothing wrapped up in buzzwords and fluff.
Anyone who has followed the timeline of this company, I am surprised isn't super skeptical. The way they ramp themselves, a lot of paid articles, high share issuance, CEO departure, etc etc is just the pattern of the countless ASX smallcaps that go to 0.
If there was anything real there, I believe they would have been snapped up long ago. Just looking at the top 20 holders, not a single tech company or potential customer is even holding a stake.
Again, hope I'm wrong, but to me BRN has always had the smell of a 0.
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I definitely hope your surmising of BRN is wrong as I and that very wise sage, the bloke in the mirror have been with it for some time. Still holding script but will be giving it a serious once over soon. Can't change treddlies now.
