BRN Discussion Ongoing

[DingoBorat]

I wonder if EH is still mates with some of our potential clients and we are over a barrel?

I don't know, but the whole matter stinks.

I have no problem with him being awarded with 8 million options, on the same terms, of 12.5 cents exercise rate.

There was no guarantee that he would exercise the options, even if the original period was kept in place.

I personally see no reason, why he should be granted 8 million shares, at no cost.

That was not his original entitlement.

Only the option to aquire shares in the Company.

It's pretty obvious to me, that this deal was made in Emmanuel Hernandez's best interests.
Not the Company's or shareholders.

 

[Deleted member 118]

Today we await the release of the 4C that should be out soon. The SP has dropped significantly on no news again. Could it be that some are "in the know", and this could be the last opportunity to buy up cheap before the good news tomorrow!

let’s pray

 

[Damo4]

POV: Me when I remember who decided my avg buy in price (I did):

BTW, a quote I came across recently seems to bring some calm:
“Lessons in life will be repeated until they are learned.”

Hope everyone is doing ok.

 

[Cirat]

IMO opinion, the reason for the lack of announcements on the ASX is that we have a CEO and most board members who are US IT people and used to doing business in a different way to how we plebs work down under. I'm pretty sure they feel that all the people in their circle of influence get to know of any news, i.e. the IT industry and EAP's, prospects and license holders, through the channels they are using. I can almost guarantee that if we had a largely Australian board and an Aussie CEO the granting of a prestigous industry award would indeed result in a (non price sensitive) ASX announcement so that the shareholders and wide investment community were made aware. I reckon they'd realise that the majority of the many thousands of BRN shareholders are not part of the IT industry and therefore do not routinely receive such information.

I've said many times that I'm a strong supporter of our technical founders but I must admit to being continually disappointed by the lack of understanding of the Australian investment environment by our US based management. Roll on a Nasdaq listing so they (management) can play in an investment sandpit they understand.

FWIW

We need to list on the NASDAQ .... USA holders will value us more and generally hold shares for 7 - 10 years

 

[Techinvestor17]

We need to list on the NASDAQ .... USA holders will value us more and generally hold shares for 7 - 10 years

I disagree, USA would smoke up more than what we are Doing on the ASX. Take IONQ for example. It has the most advanced quantum computers publicly know, has actual revenue threat is growing and is along valued at roughly a billion USA. Not to mention a current short interest of roughly 25%.

 

[HopalongPetrovski]

We need to list on the NASDAQ .... USA holders will value us more and generally hold shares for 7 - 10 years

I'll bet it's the same sorta ratbags with a different accent.

 

[MadMayHam | 合氣道]

Just a thought, but what if EH was quietly asked to retire by the board so the new Chairman could take over, and it wasn’t all that friendly.
I have nothing to back this up, but the smell of legal issues makes me ponder.

That's exactly what I was thinking earlier... then the price soared to $2.34 and EH lost out on the opportunity for profit (more than $15m) thus the potential of legal action... which would explain why now they're being offered to him for free instead of at 12.5c. This may also be why the issue cannot be further elaborated upon aside from the exact wording in the statement which the lawyers have most certainly approved and SH read out word-for-word.

Again not based on facts just my feeling on how this all makes sense.

 

[Deleted member 118]

Just a thought, but what if EH was quietly asked to retire by the board so the new Chairman could take over, and it wasn’t all that friendly.
I have nothing to back this up, but the smell of legal issues makes me ponder.

I’ll guess we will find out more details if it’s a no vote

 

[Rach2512]

Don't bother with these cry babies, they will only cry more when you give them attention. It's much simpler just to put them on ignore and they will eventually grow tired of crying when nobody is listening.

That's what I 've done, I've put quite a few on ignore rerecently it makes such a difference.

 

[KiKi]

Does this mean the conference will be spoken in the German language?
View attachment 35038

No, not necessarily. Germans speak English too

 

[Deleted member 118]

 

[KiKi]

Waiting for 4C.

 

[jtardif999]

What?

View attachment 34985

Might be confusing for any Kiwi investors

 

[Wickedwolf]

As far as I'm concerned absolutely nothing has changed fundamentally in the company from when we were $2.34 to today when we're sub 40c.
[/QUOTE]


Only thing that had changed fundamentally is that we are in a far better position to justify a $2+ share price….but hey…why don’t we just ignore all that and continue to blame management because they clearly define the day to day sp

 

[wilzy123]

I think some people blaming negative posts for lower share price are stupid... lol

Howcome all the upramps are not driving the share price up??

This is a great analysis, Such great

 

[Boab]

There appears to be more and more articles everyday about AI in the various news feeds I read.
Most are just click bait but it gives BRN a chance of more people discovering and hopefully wanting to invest in our little beauty.
I am holding out for a financially secure retirement in a couple of years.

 

[Boab]

Same here, they let me buy more, and I thought that I had my quota, so as old saying goes,
(Never look a gift horse in the mouth), so I brought as many as they let me @.62 on the 09/02

Don't feel bad, my ave buy in is in the .90s

 

[IndepthDiver]

I've noticed a lot of noise lately around Manny Hernandez's share granting. On the face of it it looks like he previously had to pay something for them, but now he's getting them for free. I'm not a legal expert so I see two options here:
1. Talk to the company about the concerns and relay the findings
2. Get a legal experts opinion on the matter

I'm surprised I haven't seen it mentioned here but only half a year ago a lawyer provided their view of this exact situation. They then spoke to management to verify anything they were unsure about and relayed the findings. Here are the relevant posts (I've posted a copy of the second one below, which summarises the findings):

Post 32807:

BRN Discussion Ongoing

Hi @HopalongPetrovski I generally agree with you. The target customer is not you’re average Mum and Dad. They are manufacturers of intelligent devices and therefore looking for “The stated difference in competition products” E.g. what makes Brainchip superior to the rest! In reality it...

thestockexchange.com.au

Post 32842:

BRN Discussion Ongoing

My personal theory and that is all it is is that the first model released with Brainchip involved will be a high range electric vehicle show casing Mercedes Benz technology leap ahead of the competition. The target range will be 800 kilometres plus. It will be the car that thinks like you...

thestockexchange.com.au

I have concluded my discussions and am able to confirm that my statement of the facts surrounding this agreement are correct.

I can also add that the former Chairperson in addition to waiving his entitlement to additional director fees after stepping in when Stephen Wilkes suddenly resigned as Chairperson also after the LDA Capital agreement was secured and the companies finances were stabilised declined a Board offer to reimburse him the waived fees.

Further that he approached the company to extend saying that he was concerned that in the present market conditions that his sale of at least 4 million of his 8 million entitlement to meet his taxation obligations would have an adverse impact on shareholder and market confidence.

By not exercising and selling as he was entitled to do he has been placed in a less favourable tax position by agreeing to receive the 8 million RSU in lieu.

I have absolutely no issue with the decision of the company on this occasion and support the view expressed by many others that this is further evidence of the high ethical standards by which the Board and KMP carry out their obligations to the company, it’s employees and shareholders.

In addition I have read every post here and at HC on this issue and there is one truth that is conveniently being ignored by the usual suspects.

The truth which they are ignoring is that these options had VESTED. The former Chairperson was legally entitled to convert and sell the 8 million resulting shares on market.

This action proposed to shareholders will not cost Brainchip or its shareholders one additional cent.

If it is not clear from the forgoing I will be voting for this motion and if necessary will speak in its favour at the meeting whenever that might occur.

My opinion only DYOR
FF

AKIDA BALLISTA

I think it's great when people are voicing valid concerns. However, please be aware that if you're not prepared to do any follow ups or a little bit of digging you may just be feeding the negative sentiment of the forum unnecessarily.

 

[MadMayHam | 合氣道]

I've noticed a lot of noise lately around Manny Hernandez's share granting. On the face of it it looks like he previously had to pay something for them, but now he's getting them for free. I'm not a legal expert so I see two options here:
1. Talk to the company about the concerns and relay the findings
2. Get a legal experts opinion on the matter

I'm surprised I haven't seen it mentioned here but only half a year ago a lawyer provided their view of this exact situation. They then spoke to management to verify anything they were unsure about and relayed the findings. Here are the relevant posts (I've posted a copy of the second one below, which summarises the findings):

Post 32807:

BRN Discussion Ongoing

Hi @HopalongPetrovski I generally agree with you. The target customer is not you’re average Mum and Dad. They are manufacturers of intelligent devices and therefore looking for “The stated difference in competition products” E.g. what makes Brainchip superior to the rest! In reality it...

thestockexchange.com.au

Post 32842:

BRN Discussion Ongoing

My personal theory and that is all it is is that the first model released with Brainchip involved will be a high range electric vehicle show casing Mercedes Benz technology leap ahead of the competition. The target range will be 800 kilometres plus. It will be the car that thinks like you...

thestockexchange.com.au

I think it's great when people are voicing valid concerns. However, please be aware that if you're not prepared to do any follow ups or a little bit of digging you may just be feeding the negative sentiment of the forum unnecessarily.

Thanks for the succinct recap. Now if only the company via TD / SH could have mentioned that, rather than that inadequate summary devoid of detail, then there wouldn't have been any doubts. In any case I will abstain from voting as I am a foreign holder and it's too taxing to get my voice heard through the nominee firewall.

 

[The Pope]

Agreed,
And you wonder why FF, F'd off
This forum seems to have lost its way.

He hasn’t disappeared BVR. He is in some posters responses since leaving 1 April. I’m not pointing out which posts but FF has a certain style. All good as I appreciate FF still providing comments but it’s more on a casual basis.
I do agree though the forum has changed in the past month or so but don’t know if it’s lost it’s way.