Should the s**t hit the wall FF I’m ever so pleased to have you on our side !
An irrelevant story I’d like to share.
My grandfather was “lucky” enough to drive a tank in WW2. It was hit by German fire, he scrambled out the bottom and managed to rescue the captain. The captain survived the war and became a QC, offered free service to our family for the duration. Called upon his services once, a minor family law court matter ( 50 years ago ) … with that advantage we won the case.
To me FF, you are like my grandfather’s captain.
cheers
Logic is a powerful tool. You do not need to be a lawyer to use logic.
Today my wife used logic or should I say the absence of logic to have a problem resolved.
Last night the nurse dispensing her medication did not give her all the pills she expected. She asked why and the nurse said “The instructions from the Pharmacist on the box you provided say one tablet with breakfast.” My wife protested but had to accept the answer but requested a Doctor be called without effect.
This morning at breakfast the nurse in providing the medications provide a half tablet when the dose on the box stated a whole tablet in the morning and a half at night.
My wife asked why are you giving me a half tablet. The nurse replied that is what is on your chart. Where did that come from asked my wife. From the box said the nurse. I don’t think so said my wife knowing what was on the box. I will show you said the nurse.
Upon reading the box the nurse does not show the box but states I will call a Doctor I cannot change the charts.
My wife then said l asked you to do that last night so please make sure you do as this medication is very important and incorrect administration could be fatal whereas the medication last night was not so your failure at this time has only caused some discomfort.
Very shortly a Doctor appeared and the medication issues were corrected.
The application of calm logic by a person achieves the proper outcome. No lawyer required.
Of course if you are too ill to notice nothing will save you from another’s incompetence in this situation.
The relevance of the use of logic to Brainchip is to be found in how it can answer whether Brainchip is serving the best interests of shareholders in failing to make announcements.
Brainchip states that the ASX rules are being strictly enforced against them and so they are taking great care not to come into conflict with the ASX.
The negative argument we hear elsewhere is that this is not the reason but rather this failure is in furtherance of some plan to drive down the share price and not serve the interests of all shareholders in particular retail shareholders.
These same purveyors of the negative argument also put the view that the absence of news regarding Renesas, Ford and Valeo is because these EAPs/customers have rejected AKIDA and are not proceeding and Brainchip is concealing this information.
Application of logic shows that these two positions cannot stand together.
Put simply if the first was true all Brainchip would need to do was issue an announcement that one or all of these EAPs had fallen over and the share price would crash.
Opposed to this Brainchip continue to affirm the ongoing nature of these relationships and state via Investor Relations that if the situation changed they would make an announcement.
Logic states that continuing to maintain that these EAPs/customers remain engaged is a positive action supporting the share price.
Supporting the share price is inconsistent with attempting to drive down the share price to the disadvantage of retail shareholders.
Logic therefore allows one to happily hold the opinion that the Company will announce anything which it believes accords strictly with ASX Rules related to Continuous Disclosure requirement to be material.
It is as a result logical to accept the absence of information regarding EAPs, Customers and partners is because of genuine commercial in confidence Non Disclosure Agreements aimed at maximising commercial outcomes, such as first to market, in an industry which is extremely sensitive to industrial espionage by hostile actors, a large number of which, are state sponsored and funded.
My opinion only DYOR
FF
AKIDA BALLISTA
