BRN Discussion Ongoing

[Sam]

All I know is that I want one!

And are we Asia pacific….. asking for a friend

All I know is that I want one!

 

[Xhosa12345]

Have you closed all the apps running in background?

Well im married with a kid so pornhub gets a fair run..... but not sure the electricity grid needs to pay the price... lol

 

[Rise from the ashes]

Well im married with a kid so pornhub gets a fair run..... but not sure the electricity grid needs to pay the price... lol

Have you tried rooting your phone?
To remove unwanted apps.

 

[Rise from the ashes]

Sounds like the doorbell is already for sale.
I assume a product such as this wouldn't have the long lead development time like smart phones and vehicles.

Hi Troy, you got a link for the original video please?
Nevermind found it

 

[SharesForBrekky]

A very interesting article here about a Genesis car (part of the Hyundai group) doing level 3 and launching in 2023. It also mentions some interesting connections with what Mercedes is up to:

2023 Genesis G90 to launch in South Korea with advanced driver assistance system

The Genesis G90 flagship sedan will be one of the world’s first cars to use its ‘Level 3’ autonomous driving system on public roads – allowing drivers to take their hands of the steering wheel while travelling on certain highways.

www.drive.com.au

 

[Fact Finder]

From the poetic to the business side of things:

The first, important thing to say is that I have not formed a concluded view about todays announcement regarding the agreement to settle with the former Board member and chairperson by the grant of 8 million options to avoid some possible legal issue that had arisen between the parties.

The announcement this morning is for me opaque without further information and I have commenced a dialogue with the company to see what further information they are able or willing to supply.

The second thing I did was proceed to the last Annual Report as I thought the 8 million options being granted in the agreement was the amount I last read as being applicable to the former Chairperson. The following is the extract from the Annual Report covering this issue:

"Balance at beginning of period 1 January 2021
Granted as remuneration Exercised Net change other (1) Balance at end of period 31 December 2021
Vested and exercisable
E Hernandez 8,000,000" (until 2024)

The third thing I did was to confirm my memory that the former Chairperson had been one of the Board members who had agreed when the companies back was too the financial wall to waive any additional directors fees for taking on the roll of Chairperson in the companies hour of need.

So from the Annual Report and other releases by the company it can be seen that the former Chairperson had shown loyalty and support to the company in the past and that the 8 million options the subject of this agreement were already vested and exercisable.

From other discussions here and research at the time it was established that upon exercising the options under US Tax law a tax liability would be incurred.

As others have pointed out the decision to step down and resign the Chairperson's role facilitated the restructure of the company's Board as it moved to the new commercial phase of its operations.

I do not know with certainty but it seems as though the Chairman was once again acting in the best interests of the company and shareholders in standing aside as he did to allow the strategic plan of the Board and KMP to be given effect.

As I said I have commenced a dialogue with the company and have not formed a concluded view but it would appear that the only concession that the former Chairperson was seeking and will receive is a delay in exercising the options and in obtaining that delay put off to a later date which would have otherwise been 2024, his liability to pay tax on 8 million shares.

The willingness of the company to accommodate the former Chairperson could be seen as an acknowledgment of his support during very difficult financial times by not taking his full entitlements as they then were and in stepping down to allow the new strategic phase of the company to proceed.

I have a suspicion that there might have been an informal agreement to extend the exercise date of the vested options but after the option date had passed contrary advice was received by the company to the effect that this was ultra vires the power given to the company under their constitution and so the legal risk was that the former Chairperson would have an action in breach of contract to recover the 8 million options or damages he having been promised an extension of the date to exercise if he resigned.

If I am correct this has not cost shareholders one single penny as the options had vested and could have been taken up and the current agreement is avoiding the cost of legal proceedings.

However as I have said I will wait on the further information that I may receive before arriving at a concluded view.

My opinion only DYOR
FF

AKIDA BALLISTA

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

 

[alwaysgreen]

Have you tried rooting your phone?
To remove unwanted apps.

Sounds an odd way of fixing a tech device?

 

[alwaysgreen]

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

Let's hope he believes in the future of Brainchip and his intention is to hold onto his shares until at least $10.

 

[Fact Finder]

Let's hope he believes in the future of Brainchip and his intention is to hold onto his shares until at least $10.

If we are going to speculate on what he thinks about the company prospects it is not unreasonable to conclude that he at least believes that the shares will be at least their present value by the next AGM.

True speculation could take that one step further and allow for the view that he believes the CEO Sean Hehir will be favourably judged on his achievements at the 2023 AGM and that when the Board revisits the question of giving earnings guidance at that time it will agree that the company has progressed to a point where this is possible.

This would mean that the company had reached a point where earnings matched or exceeded expenses and future earnings were on a growth trajectory.

The final speculation is that as Chairperson he had access to information sufficient to come to these conclusions.

My opinion and speculation only so DYOR
FF

AKIDA BALLISTA

 

[MDhere]

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

Hear Hear FF , totally agee this is well executed and is a win win for all incl us. It's a yes vote for me and I'm pressing golden buzzer (doorbell) knock knock @Diogenese

 

[MDhere]

If we are going to speculate on what he thinks about the company prospects it is not unreasonable to conclude that he at least believes that the shares will be at least their present value by the next AGM.

True speculation could take that one step further and allow for the view that he believes the CEO Sean Hehir will be favourably judged on his achievements at the 2023 AGM and that when the Board revisits the question of giving earnings guidance at that time it will agree that the company has progressed to a point where this is possible.

This would mean that the company had reached a point where earnings matched or exceeded expenses and future earnings were on a growth trajectory.

The final speculation is that as Chairperson he had access to information sufficient to come to these conclusions.

My opinion and speculation only so DYOR
FF

AKIDA BALLISTA

Love it FF. There is some SPECtacular SPECulations and I'm going to also speculate that while at work today i going to enjoy this weekends tse.

thanks everyone for making my long hours at work enjoyable.

 

[thelittleshort]

 

[buena suerte :-)]

Looking good ... great effort 1

Which topic would you prefer first?

The author can see how you vote.

Bionic engineering
19%

Neuromorphic computing
48%

Battery cell chemistry
33%

 

[HopalongPetrovski]

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

Thank you for your thorough investigation of this matter and the sharing of your finding’s with the rest of the group.
It is indeed gratifying to have confirmation of the details which should put the matter to rest.
This is further confirmation of the ethics’s and nature of our board which lends me further confidence in my holding.
Well done FF.

 

[TopCat]

Looking good ... great effort 1

Which topic would you prefer first?

The author can see how you vote.

Bionic engineering
19%

Neuromorphic computing
48%

Battery cell chemistry
33%

Let’s get over 50%

 

[MDhere]

Ok im being very productive at work and I've noticed that Magikeye appear to have spruced up their webpage with the addition of a drone which i didn't notice before.
The drone appears to be a Falcon Drone by Easy Aerial. I find that interesting as they seem to have artificial intelligence so the Raptor and the Falcon Drone by Easy Aerial has got my interest, so i will slot them in my list of drones to watch along with the DJI Phantom 4.
Pic below is from Magikeye website

 

[Esq.111]

Morning Chippers,

Not much to report from the weekend financial paper, short of general doom and gloom.

One article sounded good....

SIT BACK AND RELAX.
Let the chauffeur do the rest.
Author : Tony Davis

Car review : Mercedes - Maybach S680.
Price: $597,193.00 as tested.
Petrol V12 engine.
About eight have been sold in Australia this year.

Extract from article....

This is a car that knows what you are thinking, thanks largely to 3D laser cameras in the roof liner linked to software which interprets the occupants eye direction, hand gestures and body language. Some may find it creepy, but reasearch shows people are not freaked out by cameras the way they once were. And at least these ones are there to help ( we are told ).

Regards,
Esq.

 

[Deadpool]

Well I have just waded my way through the recently released US enhanced controls regarding the supply of technology to China. It is a mind numbing task and in the real world if I was being paid to come up with a reliable definitive answer I would have had two copies printed out and lots of coloured markers and post it notes and multiple pieces of US legislation to refer to however my free just on the computer screen unreliable view is that Brainchip's AKIDA is included and likely to be refused a licence to export its technology to China now.

The following extract is what I base this unreliable view upon but I have included the link so you can spend a month or two becoming expert in all the nuance that this legislation intends. Clearly when drafting such national security legislation it is drafted in such as way as to ensure it can be widely interpreted to make sure that the US does not miss something which they later regret:

Federal Register :: Request Access

a.4. Any combination of digital processor units and `primitive computational units' whose calculations according to 3A090.a.1, 3A090.a.2, and 3A090.a.3 sum to 4800 or more.

Note: Integrated circuits specified by 3A090.a include graphical processing units (GPUs), tensor processing units (TPUs), neural processors, in-memory processors, vision processors, text processors, co-processors/accelerators, adaptive processors, field-programmable logic devices (FPLDs), and application-specific integrated circuits (ASICs). Examples of integrated circuits are in the Note to 3A001.a.

Technical Notes:

1. A `primitive computational unit' is defined as containing zero or more modifiable weights, receiving one or more inputs, and producing one or more outputs. A computational unit is said to perform 2N-1 operations whenever an output is updated based on N inputs, where each modifiable weight contained in the processing element counts as an input. Each input, weight, and output might be an analog signal level or a scalar digital value represented using one or more bits. Such units include:

— Artificial neurons

— Multiply accumulate (MAC) units

— Floating-point units (FPUs)

— Analog multiplier units

— Processing units using memristors, spintronics, or magnonics

— Processing units using photonics or non-linear optics

— Processing units using analog or multi-level nonvolatile weights

— Processing units using multi-level memory or analog memory

— Multi-value units

— Spiking units

My opinion only DYOR
FF

AKIDA BALLISTA

PS: This is one of the other problems of becoming a member of the highly regulated BIG BANK index. The spotlight is always on you.

Hi FF, as Lou indicated a couple of years ago with the quote “we don’t need China” and now this doc has come to light from the US fed.

My question to you or anybody in the know is, would there be any compensation that could be coming Brains way be it, lump sum payment, tax credits, favorable Gov contracts, half price coffee from Starbucks etc.

Or is it just a case of hard luck?
I would surmise that the lost future revenue from China would be in the Billions

 

[Fact Finder]

Sounds like the doorbell is already for sale.
I assume a product such as this wouldn't have the long lead development time like smart phones and vehicles.

Hi TasTroy77
I do not like being a wet blanket however I think it is a stretch on this evidence to say that the doorbell is already for sale. Why?

Well we know that MegaChips offers to its clients a complete design consultancy service so a company that is engaged already in the manufacture of a type of product that it wants to makeover will come to MegaChips for this purpose.

The authority with which Douglas speaks on this doorbell is telling me that he knows for a fact that it works as he describes.

Therefore given what MegaChips role in the market place is I believe it is most likely that MegaChips has produced a proof of concept doorbell using AKIDA technology with the qualities Douglas describes on commission from a customer.

I have spoken about proof of concept agreements previously and in their normal form they will require the customer on proof of concept being achieved to proceed and enter a formal contract.

In consequence again from the language used by Douglas I would expect that MegaChips have in fact proven the concept and that a contract will flow.

The only unknown is when such a doorbell will go into commercial production. It may have already commenced but this would be entirely speculation. We do know that additional IP licence fees have been received from MegaChips - (see Half Yearly Report, 2022.)

The idea of this doorbell is as others here will know something that the former CEO Mr. Dinardo first spoke about publicly back in 2020 and it has been spoken of by Peter van der Made and Anil Mankar at various times since. So I am very comfortable with the notion that it is not a question of "if" but simply "when" a commercial production has or will take place.

Now just to prove I can wildly speculate with the best of them I will throw this wild speculation out there to be considered and possibly investigated.

1. Hey Mercedes;

2. Samsung Smarthome partnership with Mercedes Benz;

3. Patent to allow secure communication between devices using AKIDA technology;

4. Mercedes Benz early comments about neuromorphic computing extending into products beyond motor vehicles;

5. A known relationship between Samsung and Brainchip such as lending DVS cameras for demonstrations and public statements of gratitude to Samsung by Anil Mankar.

Put them together and do we get Samsung or Mercedes Benz doorbells. No idea but the gaps are there to be filled in.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Build-it]

Ok im being very productive at work and I've noticed that Magikeye appear to have spruced up their webpage with the addition of a drone which i didn't notice before.
The drone appears to be a Falcon Drone by Easy Aerial. I find that interesting as they seem to have artificial intelligence so the Raptor and the Falcon Drone by Easy Aerial has got my interest, so i will slot them in my list of drones to watch along with the DJI Phantom 4.
Pic below is from Magikeye website
View attachment 18934

Hi MD,
Is https://www.elsight.com/ in the list, they appear to be reliant on the cloud however their Web page has been sitting in my phone tab for a while and im not sure weather to delete to save some battery life

AI UAV DRONE APPLICATIONS REACH NEW HEIGHTS

By Ben Gross | July 12, 2022

The use of commercial drones and the value of their markets are both continually on the rise, with a number of different sources forecasting the global drone industry to surpass $50 billion this decade. In order to continue the increase of these levels of innovation and scale, operating models need to move beyond the standard paradigm of a single drone operated by a single pilot within VLOS (visual line of sight).

One way to drive this innovation is the use of artificial intelligence (AI). Once considered the domain of science fiction, AI has benefited from recent improvements in processing technology and miniaturization and is now ideal for providing drones with enhanced autonomy as well as advanced intelligent data analysis.

The application of AI can allow drones to achieve results quicker and more accurately than pilots and operators are able to and pave the way for taking humans out of the loop altogether. Besides the increase in efficiency and cost-effectiveness that this will bring, AI could also enhance the safety of unmanned aviation by removing human error and operator fatigue from the equation.

Ben said what! $ 50 billion.

Edge Compute.