I was just having a prowl around the ASIC site and thought the following regarding GetSwift and how Brainchip is now policed by the ASX might be of use given the full judgment is very, very long:
Wednesday 10 November 2021
21-298MR ASIC successful in Federal Court against GetSwift and its directors Bane Hunter, Joel Macdonald and Brett Eagle
The Federal Court has found technology and services company GetSwift Limited (GetSwift) made misleading statements and breached its continuous disclosure obligations when making statements to the Australian Securities Exchange (ASX) between February and December 2017.
The Court also found GetSwift directors Mr Bane Hunter and Mr Joel Macdonald failed to meet their obligations as directors due to their involvement in the announcements made to the ASX, and that they were both knowingly concerned in multiple continuous disclosure breaches made by GetSwift. Former GetSwift director Mr Brett Eagle was also found by the Court to have been knowingly concerned in a more limited number of continuous disclosure breaches made by GetSwift.
ASIC Deputy Chair Sarah Court said ‘Listed companies and their directors have obligations to the Australian market to ensure their statements are not misleading. Investors need to have accurate information at their disposal to make informed decisions’.
In handing down judgment, Justice Lee said that evidence before him revealed ‘what might be described as a public-relations-driven approach to corporate disclosure on behalf of those wielding power within the company, motivated by a desire to make regular announcements of successful entry into agreements with a number of national and multinational enterprise clients.’
GetSwift (former ASX code: GSW) announced to the market a series of agreements with enterprise clients for the use of GetSwift’s company software-as-a-service (or SaaS) platform, including agreements with Amazon, the Commonwealth Bank of Australia and Yum Brands. However, these clients were only trialling, or contemplating a trial, of the GetSwift platform and the agreements, when announced, were not ongoing or revenue generating.
The Court found these announcements were misleading and, by failing to notify the market of material information regarding the agreements, GetSwift breached its continuous disclosure obligations.
Over the period of the announcements, GetSwift’s share price rose almost 800%. GetSwift also raised $100 million in capital from institutional investors, including $75 million in December 2017 when the company’s share price was close to its peak.
ASIC will now seek pecuniary penalty orders against GetSwift, Mr Hunter, Mr Macdonald and Mr Eagle. ASIC will also seek orders disqualifying Mr Hunter, Mr Macdonald and Mr Eagle from managing corporations.
Regards
FF
AKIDA BALLISTA
"brief spurt from the blowhole..... hahahaha" thats goldOur leadership team and board seem to be major supporters of "silence is golden"
I liken it to whale watching season. We all know the behemoths are out there, doing what they do. And when the first one signals with a brief spurt from the blowhole, an epic breach is not far off at all.
FF's comment about Apple is good at keeping secrets applies to MB as well. MB seem to release tit bits as riddles to excite the market without going deep into the tech behind it.View attachment 16483
The statement "by talking naturally" (to Hey Mercedes) and "gets to know you better as you use it" (learning), smells very much like AKIDA, to me too!
Even the title "The virtual assistant gets real" indicates some kind of big improvement, over previous iterations..
I said they wouldn't waste time, rolling this function out, if it worked @Proga
In my books, this is definitive proof!
Car manufacturers, make improvements, when and where they are able and not just at major model releases.
This has always been the way (usually to correct minor faults, save money, supplier changes etc)..
In a Company like Mercedes case, changes would also be made, to improve customer satisfaction.
They have probably spent over a dozen years (in fact work on DRP has been ongoing or at least 20 years) developing DRP-AI in house, so they are likely to be reluctant to write that off - saving face is important, even if you lose your nose in the process.Unfortunately, although Renesas are utilising 2 Akida nodes in a device I am under the impression they are competition in other aspects.
I don’t think we are part of their DRP-AI project:
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It is a Nintendo Direct event which they have quite regularly to showcase upcoming games. The press release says it will mostly be focused on switch games. I don't believe they will be unveiling a new console here and at this time of year which could cannibalise Christmas sales of their current model.Gidday chippers.
I read somewhere this morning that Nintendo have some announcement Sept 13 (US time I assume) about the release / rewrite on some games associated with the Nintendo Switch (Megachips??)
Also the AI Summit Sept 13 (US time)
What are the chances todays action is associated with this??
Tomorrow our time might just be a big day????
Ill go and see if I can fine the nintendo info.
cheers
Thanks AG.It is a Nintendo Direct event which they have quite regularly to showcase upcoming games. The press release says it will mostly be focused on switch games. I don't believe they will be unveiling a new console here and at this time of year which could cannibalise Christmas sales of their current model.
There are rumours that a new switch was going to be released this year but they have pushed it back to 2024 but they are just that, rumours.
Unfortunately, although Renesas are utilising 2 Akida nodes in a device I am under the impression they are competition in other aspects.
I don’t think we are part of their DRP-AI project:
View attachment 16488
The current model Nintendo Switch has sold 111 million units since 2017. I assume people have purchased additional controllers so I reckon the number for controllers would be approx. 150 mill. Let's hope Akida is implemented in the next consoles controllers at 50 cents a pop. $75 million revenue would be nice ($15 mill per year).Thanks AG.
I understood that it is games related, I guess my imagination goes off given a rewrite of some games, maybe in anticipation of some new hardware on the way.
Lots of maybes I know, but I also know, That train is a coming.
that's 66 Billion AUDAbsolutely