Australian (ASX) Stock Market Forum

BRN - Brainchip Holdings

After that tantalising rally early in the month, BRN back with the pack and only just above the opening price for the year.
It is not helping me move up the ladder of glory in the Yearly comp.
Mick
 
I am still expecting a licence announcement before the end of the year.
I consider this last rally was some pople setting themselves for a big rally when the announcement comes.
 
Just managed to keep its head above water with another dip into Shareholder's wallets. Today's 4C showing the capital burning continuing at pace.
 
Very frustrating. But BRN's time is coming very soon.
gap, up

Screenshot_20241227_112802_CommSec~2.jpg
 
$0.36 ...... at 2:06pm,
BRN refers to your letter of 27 December 2024 and provides the following responses:
1. Is BRN aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
No
2. If the answer to question 1 is “yes”:
a) Is BRN relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
b) Can an announcement be made immediately?
c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
Not Applicable
3. If the answer to question 1 is “no” is there any other explanation that BRN may have for the recent trading in its securities?
No
4. Please confirm that BRN is complying with the Listing Rules and, in particular, Listing Rule 3.1.
Confirmed
 
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A perennial disappointment for me but like a wayward child only a mother would love; I persist in supporting these guys.

Recent contracts are probably more hype than indication of credible near term revenues and no news justifies their voracious need for capital. Edge IoT devices will be increasingly relevant as AI demands more processing power and the Interconnects become a bottleneck. I'll stop my word salad and throw some links out instead :)

 
After some recent company news, BRN's SP is showing some upward momentum. Looking positive and given the US air force research contract and the Akida IP and AI chips in space news, this is reason enough for picking BRN as my Jan 2025 stock tip for the comp.
 
Is there a worse #shitco on the ASX? More funding thru shares issued, share count just on a continual rise up & to the left, unlike the share price, down & to the left. Management paying themselves outrageous compensation as shareholder value is destroyed. At least the $20m extra should cover their compensation for a couple of years!

Screenshot 2025-01-07 at 1.11.31 pm.png
 
Is there a worse #shitco on the ASX? More funding thru shares issued, share count just on a continual rise up & to the left, unlike the share price, down & to the left. Management paying themselves outrageous compensation as shareholder value is destroyed. At least the $20m extra should cover their compensation for a couple of years!

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Thankfully, I with many others bailed out of BRN many moons ago.
Better to suffer a loss back then then to suffer these postings from the company.
 
Is there a worse #shitco on the ASX? More funding thru shares issued, share count just on a continual rise up & to the left, unlike the share price, down & to the left. Management paying themselves outrageous compensation as shareholder value is destroyed. At least the $20m extra should cover their compensation for a couple of years!

View attachment 190657
I don't see this arrangement with LDA as a negative.

I see this as a response by BRN to big prospective customers that want a guarantee that BRN are financially able to fulfill supply arrangement with there partnerships.

BRN are not required to draw funds now, but if agreements are announced soon, as I expect, then if they require any funds then the share price should be considerably higher that the current price.

I consider each delay has been for an improvement or expansion of their product offer, a lot of them at the request of customers.
 
I'm choosing BRN for the 2025 full year comp.

It has promised much over many years. I believe 2025 could see the fruition of their work. Other posters have given more details of teh various projects they have in hand. ( I'm just putting the mozz on it..)
 
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