Brn - brainchip holdings

[Aotea]

not flash at all on my acc., bought at 1.76, hopefully the SP can stablise so that I can even down the cost for a little bit.

To be fair, it tech and AI sector is something I know little about and have no confidence in myself to invest in it. BRN has for a number of years felt like something that could become huge, and I couldnt resist buying into. It is one of those stocks that will either fade away to nothing or become absolutely huge. My instincts say the latter...

[kiora]

Don't hold, watching with interest
"The AI tech that's "truly revolutionary"
https://www.livewiremarkets.com/wire...-revolutionary

[nztx]

A steady downhill slope over the past month $1.73 to $1.11 ?

at this rate 50c may be on the cards in next month or two ..

[MarineSalvage]

A steady downhill slope over the past month $1.73 to $1.11 ?

at this rate 50c may be on the cards in next month or two ..

could easily be - if it got back to 50c i'd add more...

[Aotea]

Despite holding since Dec 2015 and adding over 2016, it is sub-optimal to watch the share price pull back. This is one stock that could go ballistic on any announcement and the trend is irrelevant. It could go bankrupt too but the technology is so funky I am a believer although my knowledge on tech industries is limited. certainly wont be selling and if it retraces to 50c, I will be topping up again.

[nztx]

Despite holding since Dec 2015 and adding over 2016, it is sub-optimal to watch the share price pull back. This is one stock that could go ballistic on any announcement and the trend is irrelevant. It could go bankrupt too but the technology is so funky I am a believer although my knowledge on tech industries is limited. certainly wont be selling and if it retraces to 50c, I will be topping up again.

I was interested in a Vid in a HC thread which outlined why this one wasn't on the Vid author's Menu card any day of the week

It seems to make a lot of sense looking at it

Upon that basis, the Hawk will be looking at 25c tops to be even slightly interested

[moka]

Another video update from ASX Investor.

Yesterday BRN closed at 90.5c down 5.5c on 17m shares. I think BRN has held up very well considering the market has been in a correction. There was accumulation in the last week or two around $1. It was 68c at the end of last year before the Mercedes news, so it is still up this year. It could go lower as the Ukraine situation drags on.

https://www.youtube.com/watch?v=cI3wgWkTDOo

Why Brainchip Is Down -50% (And What Happens Next?)

· Market wide sell off
· Geopolitical tensions raining
· No new announcements
· Fundamentals price

An interesting discussion about External or Internal Locus of Control = Psychological or mindset framework in the video.

Internal locus of control states that an individual takes responsibility for and believes they are responsible for what happens to them in life.

With an External locus of control the individual attributes a lot of the responsibility and the outputs in their life as the effect of the world around them, e.g. it is raining so I am going to have a bad day.

External locus of control or analysis or research e.g. share price is up, so company is doing well and time to buy more, or share price down so something wrong with the company. This is how most people perceive the markets.

An Internal locus of research probably gives a better long term success rate, where you do your own research, you attribute your own fair values, you develop your own understanding about the company, the opportunities, the potential scale and earnings, and then use external indicators as confirmation.

If we are only looking at a share price we are limiting our understanding. The share price is not the company’s progression. The market is just a balance of probabilities.

[moka]

Closed today at $1.005 up 5% on $11.6m. SP dropped below $1 on 15 March, and been in 90s with a low of 86c. Volume has been about $10 - $20m so no big sell off. Jump in price could be because quarterly report is due out end of this month.

https://www.linkedin.com/feed/update/urn:li:activity:6919679883564519424/

Interview with Brainchip CEO Sean Hehir on 28 March.

• BRN is the new standard for edge AI.
• Competitors - the other neuromorphic chips are just research, BRN is the only production neuromorphic chip in the market. So, there is no commercial competition in this space, priority is just to get the word out to customers. Grab as much of the market share now while there is zero commercial competition.
• Had only 27 employees up to 2020. Will have about 100 people at the end of the year, mostly in technology area.
• $19m on balance sheet, when asked about cash flow break even, he said he was not worried about cash position.
• It is a long sales cycle. When asked about revenue he said watch the financials, because customers don’t want to disclose they are using Akida because of competitive advantage.
• All Early Access Customers still engaged except one.
• There is a move towards custom chips = so most customers will buy the IP and design their own chips, which is great because the margin on IP is very good
  

[moka]

Brainchip Quarterly report out. Revenue down significantly this quarter because revenue of $1.1m last quarter included an upfront license fee from Megachips for the licensing agreement.
SP held up well, closed at 92c up 0.5c on $11.7m, with a low of 86c.

https://brainchipinc.com/appendix-4c-and-quarterly-activities-report-4/

Cash Balance as of 31 March 2022 US$31.2MBegan Volume Commercialization of AKD1000 Chips
On 18 February 2022, the capital call notice was settled resulting in the Companyreceiving US$16.2M (A$22.4M) from LDA Capital.

BrainChip reported net operating cash outflows of US$5.0M vs.US$3.4M in the prior period.
Receipts from customers for the quarter were US$0.2M, a decrease of 81% from US$1.1M in Q4-21.
Three key appointments were made during the quarter: Mr. Antonio J. Viana was appointed Chairman of the Board of Directors, Ms Pia Turcinov joined as a Non-Executive Director, and Mr. Jerome Nadal joined the Company as Chief Marketing Officer to help the Company continue its path to commercialisation and profitability.

[moka]

Closed at $1.06 up 3.5c on $40.6m, high of $1.205 and low 96c.
This week Tuesday 3 May was low turnover of $4.9m and closed at 93.5c, and Wednesday $6.1m and closed at 93c which may have been the bottom. Speeding ticket today.

https://stocknessmonster.com/announc...asx-2A1372766/
The change in the price of BRN’s securities from a closing price of $0.93 on 4 May 2022 to an intraday high today, 6 May 2022 of $1.21 at the time of writing.
The significant increase in the volume of BRN’s securities traded over this period.