BRN Discussion Ongoing

[HopalongPetrovski]

I would like and expect to hear from Mr Liebeskind directly with his pitch for our vote.
I assume he controls the votes from Crossfield Intech nominees pty ltd, as they have nominated him.
However at last count (Top20 11 Feb. 2025) that only amounts to .333% so he will need more on his side of the ledger, particularly as the existing board doesn't want him and are encouraging us to vote him down.
I would particularly like to know his views regarding the proposed re domicile to USA and if he intends staying beyond that occurring, as well as his general views regarding the future direction and commercialisation of the company.
Also why, in his view, is the current BOD against his inclusion, particularly given his previous relationship to the company?

 

[White Horse]

View attachment 80993

BrainChip 2025 AGM.

My thoughts and concerns.
And what I believe, is the best way to send a message.

Excerpts, are from AGM notice and proposed Director letter.


Resolution 2
Re-election Geoffrey Carrick as Director? (Shaw and Partners connection).
I don't know much about this guy, but my Dingo senses, smell something "off" with him.
I don't like that he is our connection with Shaw and Partners and "believe" he is also possibly our "connection" with the shorters (just my gut feel).



Resolution 5
Sean 7.5 million RSUs
"Mr Hehir is eligible to receive a
Short-Term Incentive (“STI”) of up to 100% of the aforementioned salary annually"
(eligible, Not "entitled")
"If this Resolution is not approved, the Company will not be able to issue the Restricted Stock Units to Mr Hehir and the Company will need(?) to consider alternate means of compensation for Mr Hehir"

I don't see why Sean not getting these RSUs is a problem, as he is "eligible" for "up to" 100% of his salary, not entitled.
0% is still "up to" 100%.
Where is the "need" to further compensate Sean?
This is not what the agreement states, when it says "up to 100%" the way I see it (and I think that would be the Legal contractual interpretation).

"While the word eligible is defined as “qualified to participate or be chosen”, entitled means “having a right to certain benefits or privileges”"

I'm not into bagging Sean and think he's working as hard as he can and harder, but do I think he should be "rewarded" with 100% of his salary in RSUs, for the Company's commercial progress and share price performance?
No.



Resolution 6
Elect Steven Liebeskind as Director?
"Mr Liebeskind has been closely associated with BrainChip Holdings Ltd since its inception. In 2004, he collaborated with Mr van der Made in founding the private company that would
ultimately evolve into BrainChip’s ASX-listed entity"

"From 2016 to 2017, Mr Liebeskind was invited by the BrainChip Board to act as a strategic advisor, assisting or driving key operational initiatives. On 1 May 2018, Mr Liebeskind was formally appointed as a Non-Executive Director of BrainChip Holdings Ltd, where he became Chair of the Audit & Governance Committee (effective 1 April 2019). Chair of the Remuneration & Nomination Committee (effective 1 January 2020)"

They say we already have enough Directors?
Well if we get rid of "Geoff" I believe that opens a spot.

I would genuinely like to know, what Peter thinks (privately) of his election, as he (Steve) was involved from the beginning and obviously knows the Company well and I "believe" he has the Company's best interests at heart.

I'd also like to know, the reasons "why" the board seems so dead against him, with the history he has with the Company?..

Steven Liebeskind,
According to his resume has to be about 68 or more.
He belongs on the pasture where he has been for the past 3 years, NOT in our boardroom.
My guess is he knows very little of the technical side of the business.
He would be a waste of space.

 

[DingoBorat]

Steven Liebeskind,
According to his resume has to be about 68 or more.
He belongs on the pasture where he has been for the past 3 years, NOT in our boardroom.
My guess is he knows very little of the technical side of the business.
He would be a waste of space.

Very little of the "technical side" of the business?..

And what do you think Geoff's qualifications are in that regard?

I'd bet Steve knows more than Geoff and how does his age have anything to do with it, unless he has the same issues Biden has?

Biden was running the most Powerful country in the World, with soup for brains, at 82.

 

[ndefries]

View attachment 80996

The board does not support a new director because of diversity

So diversity is more important than success?

BRN really is in trouble....

it means the board is happy with the diversity of skill sets of the current members not demographic diversity.

Very little of the "technical side" of the business?..

And what do you think Geoff's qualifications are in that regard?

I'd bet Steve knows more than Geoff and how does his age have anything to do with it, unless he has the same issues Biden has?

Biden was running the most Powerful country in the World, with soup for brains, at 82.

ha - Biden shouldn't be the mental benchmark to assess director capacity

 

[DingoBorat]

I would like and expect to hear from Mr Liebeskind directly with his pitch for our vote.
I assume he controls the votes from Crossfield Intech nominees pty ltd, as they have nominated him.
However at last count (Top20 11 Feb. 2025) that only amounts to .333% so he will need more on his side of the ledger, particularly as the existing board doesn't want him and are encouraging us to vote him down.
I would particularly like to know his views regarding the proposed re domicile to USA and if he intends staying beyond that occurring, as well as his general views regarding the future direction and commercialisation of the company.
Also why, in his view, is the current BOD against his inclusion, particularly given his previous relationship to the company?

Maybe someone who knows him, can get him to appear on this forum, or in some other way, pitch himself and give his opinion, outside of his Company letter?

There would be nothing stopping him, at this point?

 

[White Horse]

Very little of the "technical side" of the business?..

And what do you think Geoff's qualifications are in that regard?

I'd bet Steve knows more than Geoff and how does his age have anything to do with it, unless he has the same issues Biden has?

Biden was running the most Powerful country in the World, with soup for brains, at 82.

GEOFFREY CARRICK ,
Is approximately 60 and still active not retired.
What politics has to do with it is beyond me.
Maybe we should get them both checked for their ability to perform, by a qualified physician.

 

[Pom down under]

View attachment 80996

The board does not support a new director because of diversity

So diversity is more important than success?

BRN really is in trouble....

Can’t be any worse, so it’s a big thumbs up from me

 

[DingoBorat]

GEOFFREY CARRICK ,
Is approximately 60 and still active not retired.
What politics has to do with it is beyond me.
Maybe we should get them both checked for their ability to perform, by a qualified physician.

Your argument against Steve, is based on age and technical knowledge.

Are you "Geoff"?
It seems you had to correct me, on how to address him, in capitals??

Steve is 68 and Geoff is 60?
What "technical" knowledge does Geoff have?

Why do you support a director with a Shaw and Partners background, who is now up for re-election?

Sure, they provided us with capital in the past, but it was by way of stuffing some cash in our pockets "after" bending us over and then bending us over continually (I'm speculating shorting) since.

 

[sleepymonk]

Maybe someone who knows him, can get him to appear on this forum, or in some other way, pitch himself and give his opinion, outside of his Company letter?

There would be nothing stopping him, at this point?

Hi DB:
Addition to your concerns, what really shocks me is the following:

Mr Liebeskind has provided the following biographical information in respect of his nomination which has not been verified by the Company (other than in respect of Mr Liebeskind’s previous tenure as a Non-Executive Director of the Company).
.....
Mr Liebeskind has been closely associated with BrainChip Holdings Ltd since its inception. In 2004, he collaborated with Mr van der Made in founding the private company that would ultimately evolve into BrainChip’s ASX-listed entity. From 2016 to 2017, Mr Liebeskind was invited by the BrainChip Board to act as a strategic advisor, assisting or driving key operational initiatives. On 1 May 2018, Mr Liebeskind was formally appointed as a Non-Executive Director of BrainChip Holdings Ltd, where he became Chair of the Audit & Governance Committee (effective 1 April 2019). Chair of the Remuneration & Nomination Committee (effective 1 January 2020). 17 During his tenure, BrainChip achieved significant technological and corporate milestones, including Sale of IP licensing agreements including the launch of the Early Access Program. Capital market success, fundraising initiatives, and key investor relationships. Upon stepping down from the Board on 31 December 2020, Mr Liebeskind left BrainChip in a position of strong financial and operational health. BrainChip’s share price stood at $0.585.

You got to be kidding me to suggest that his credentials were not verified before he was appointed back in 2018. Why on earth would you mention his relationship with Peter and leave a comment that he left BRN in a strong financial and operational health ($0.585) but go against his nomination.

TBH, me and other 20+ shareholders, since Feb CR, started joking about the urge to nominate ourselves as the director just to find out what really happens behind the curtain/s. Still trying to get our contacts to get in touch with Mr Steve Liebeskind. Seriously, he will get our votes if his intention was the same as us: quit as director if everything is fine or exposing them

 

[Guzzi62]

Is this new.

BrainChip Extends Radar Intelligence Leadership Behind Partnership With Information Systems Laboratories

BrainChip Extends Radar Intelligence Leadership Behind Partnership with Information Systems Laboratories

www.businesswire.com

Awesome video, thanks.

Doctor Joseph Guerci is talking very positively about the Akida chips, and if anyone knows what he is talking about, it's him!

It bodes well for the patient investor.

 

[Pom down under]

Hi DB:
Addition to your concerns, what really shocks me is the following:

Mr Liebeskind has provided the following biographical information in respect of his nomination which has not been verified by the Company (other than in respect of Mr Liebeskind’s previous tenure as a Non-Executive Director of the Company).
.....
Mr Liebeskind has been closely associated with BrainChip Holdings Ltd since its inception. In 2004, he collaborated with Mr van der Made in founding the private company that would ultimately evolve into BrainChip’s ASX-listed entity. From 2016 to 2017, Mr Liebeskind was invited by the BrainChip Board to act as a strategic advisor, assisting or driving key operational initiatives. On 1 May 2018, Mr Liebeskind was formally appointed as a Non-Executive Director of BrainChip Holdings Ltd, where he became Chair of the Audit & Governance Committee (effective 1 April 2019). Chair of the Remuneration & Nomination Committee (effective 1 January 2020). 17 During his tenure, BrainChip achieved significant technological and corporate milestones, including Sale of IP licensing agreements including the launch of the Early Access Program. Capital market success, fundraising initiatives, and key investor relationships. Upon stepping down from the Board on 31 December 2020, Mr Liebeskind left BrainChip in a position of strong financial and operational health. BrainChip’s share price stood at $0.585.

You got to be kidding me to suggest that his credentials were not verified before he was appointed back in 2018. Why on earth would you mention his relationship with Peter and leave a comment that he left BRN in a strong financial and operational health ($0.585) but go against his nomination.

TBH, me and other 20+ shareholders, since Feb CR, started joking about the urge to nominate ourselves as the director just to find out what really happens behind the curtain/s. Still trying to get our contacts to get in touch with Mr Steve Liebeskind. Seriously, he will get our votes if his intention was the same as us: quit as director if everything is fine or exposing them

My take on this is that he doesn’t like how things are being run and is invested in the company like us and wants to see change and see his investment go up instead of constantly down or he don’t want to see his investment thrown to the wolves of America just yet. I think the boat needs rocking with someone that might care about us SH. So he gets my vote and hopefully everyone else’s.

 

[7für7]

Every year, the same game… Frustrated investors flood management with emails—many probably written in an arrogant tone because they’re so caught up in their investment that they believe they’re something special or important. Most don’t realize they’re just a pawn in the game.
And those who aren’t properly positioned will eventually realize this when they end up holding 100–500 shares worth $2 each after the transition. Instead of keeping their overconfident mouths shut and either waiting or acting according to their own strategy, they go with the classic “Uhhh, I’m invested, so I have a right to complain!”
Well then, sort it out for yourself. If management wants to screw us over, they will—one way or another. Complaints will fall on deaf ears. Does anyone seriously think those emails will change anything? If anything, they’ll probably think, “Finally, most of them will be gone soon because they’ll have no choice… Let’s squeeze those crybabies one last time!”
Face it—either we get lucky and something happens before the transition, or nothing happens, and we end up with a fraction of our investment in the U.S. That’s it. That’s all we have to say in this.

Just my small investor opinion.

 

[White Horse]

Your argument against Steve, is based on age and technical knowledge.

Are you "Geoff"?
It seems you had to correct me, on how to address him, in capitals??

Steve is 68 and Geoff is 60?
What "technical" knowledge does Geoff have?

Why do you support a director with a Shaw and Partners background, who is now up for re-election?

Sure, they provided us with capital in the past, but it was by way of stuffing some cash in our pockets "after" bending us over and then bending us over continually (I'm speculating shorting) since.

I am not supporting Geoff, as a matter of fact I think we can do without him.
As long as we are using LDA for capitol raising, then he is also a waste of space.
Lets get rid of the old cronies, and have some fresh, more relevant faces on board.

 

[Smoothsailing]

It’s a real shame to be talking about management change before the AGM

 

[keyeat]

Looking at the AGM is all about MONEY ! But not money coming in .....

Remuneration is mentioned 40 times in the report.

Remuneration & Nominations Committee seems to consist of : Pia Turcinov - Committee chair , Geoffrey Carrick , Duy-Loan Le , who else sits around all day discussing how to pocket more money.

 

[HopalongPetrovski]

It’s a real shame to be talking about management change before the AGM

Granted.
But our share price is still in the toilet.
They are not forthcoming about the plans to move us to America.
They are offering us a 30 minute tech roadmap just prior to the AGM, which is nice, but we've been there and done that already.
We are all another year older.
Considering we are constantly reassured that we are a leader in our field why are we a continual laggard when it comes to dollar generating commercial deals?
Why is it only Sean and the other Directors who seem to be making any money from BrainChip?
Patience and pantene are wearing thin.
Getting tired of meetings that seem to be primarily about Directors remuneration and just paying lip service to share holder's concerns.

 

[Smoothsailing]

Granted.
But our share price is still in the toilet.
They are not forthcoming about the plans to move us to America.
They are offering us a 30 minute tech roadmap just prior to the AGM, which is nice, but we've been there and done that already.
We are all another year older.
Considering we are constantly reassured that we are a leader in our field why are we a continual laggard when it comes to dollar generating commercial deals?
Why is it only Sean and the other Directors who seem to be making any money from BrainChip?
Patience and pantene are wearing thin.
Getting tired of meetings that seem to be primarily about Directors remuneration and just paying lip service to share holder's concerns.

I do agree share price is driving us all nuts however we are all very aware of time to market from when Sean took over which brings us to this up coming AGM. Sean clearly has layout the foundations and we know from Tony’s comments models are plentiful and with Tenns and Akida 2 now available I believe they all have been working very hard in the background and our time is very very close. I agree that Sean hasn’t given us the better communication which was mentioned and agreed would change at the last AGM, that gets under my skin 100%. However I give him the benefit of the doubt and still have faith this AGM will change our spirits.
Fingers crossed and pray for something from Nintendo tomorrow.

 

[SERA2g]

So yesterday I decided to sell my shares and buy weebit instead. Good luck to all holder as it was a very painful 5 years holding and you deserve all the rewards hopefully coming to you.

No you didn't lol.

You love posting memes here way too much to sell.

And as @Space Cadet pointed out, it is the 1st of April after all.

 

[DingoBorat]

I am not supporting Geoff, as a matter of fact I think we can do without him.
As long as we are using LDA for capitol raising, then he is also a waste of space.
Lets get rid of the old cronies, and have some fresh, more relevant faces on board.

How fresh do you want, the minimum age is 18..

There doesn't actually seem to be "that much" involved in putting yourself up to be a director of a company.

But of course, you need the votes and the stage, so management are going to have a great deal of influence, in who is on it.

Steve, must have the sway, because of his prior relationship with us?

We can only really choose, from the choices placed before us.

I'd really like to hear what Steve thinks he can bring and don't see the point, in re-electing Geoff.
I don't think he would go to the trouble, if he didn't think he had something to offer.

 

[DingoBorat]

Granted.
But our share price is still in the toilet.
They are not forthcoming about the plans to move us to America.
They are offering us a 30 minute tech roadmap just prior to the AGM, which is nice, but we've been there and done that already.
We are all another year older.
Considering we are constantly reassured that we are a leader in our field why are we a continual laggard when it comes to dollar generating commercial deals?
Why is it only Sean and the other Directors who seem to be making any money from BrainChip?
Patience and pantene are wearing thin.
Getting tired of meetings that seem to be primarily about Directors remuneration and just paying lip service to share holder's concerns.

"Patience and pantene are wearing thin"

It's doing what now? It's supposed to make it all shiny and stuff! ...