Australian investors who are not familiar with the US taxation system, would generally not understand tax liability there.
I have (in the distant past) traded options in the US, so do have familiarity with obligations imposed by the Internal Revenue Dept,
it was the main reason I ceased trading options in the US.
Under IR law Sean has tax liability on a percentage of those "Restricted Stock Units " each year, so executives who are offered
this type of incentive (quite often in leiu of salary) in US, do exactly what Sean has done here - sell to cover tax liability/exposure. Australian tax law is somewhat different, and investors here are only looking at crystallizing Capital Gains tax liability (a different kind of tax) when they sell shares - it is simply a different system in the US.
The story about Sean lacking faith in the company, based on the recent sale of some of his incentive shares - is simply a non story.
Sean has to deal with US tax law, so give the guy a break on that one.
So FF while I agree with most of what you have said here, I have a different view re motivation and constant criticism. You are correct
in saying that if a person has read these threads, read the Brainchip website, watched all the presentations by Brainchip and partners and otherwise done their own research, then this would enable them to make an informed decision to buy or not, based off of good due diligence.
That IMO makes perfect sense, and I truly appreciate your endeavours here, as well as the great research presented by so many other posters here.
However it's my belief that BRN are open to criticism with regard to the brevity and format of their Quarterly Reports:
View attachment 23531
The above is a screenshot of the June Qtrly, the Sept Qtrly was 1 paragraph longer, but 1 of those paragraphs was virtually
a verbatim rehash of part of the June report. IMO it is slim pickings, and the fact is, that BRN had made significant strides in both
of those Qtrs, and as you allude the info is all on the ASX, the BRN website or on these pages. But very little in the Qtrlys. Why would you bother?
However I would contend that BRN is doing itself, and SHrs a disservice, by not providing a broader compilation of what has taken
place during the Qtr in those reports. I would like to see info for instance regarding how many staff have been employed and what it is that they
are being tasked with. I would like to see how many new sales engagements were undertaken, and how those engagements are progressing, I don't want any breaches of confidetiality, but NDA's do not preclude BRN from providing an overview of progress. What progress is being made with the research area - what is the vision going forward. What the staff have to say about the company, some photos of the office or a diligently applied staff member. Other companies do this in Qtrlys - I regularly read many Qtrlys and IMO what we are getting served up is not good enough, the paucity of information provided. Take a look at Qtrly from WBT in Sept - at least they make an effort.
BRN have an Investor Relations person, and I have never contacted Tony Dawe to this point, however I will do so now, and convey my feelings on this subject.
Some of the above aside, as I said earlier, it is a fact that BRN has made significant strides this year, and on that front I am pleased, of course
I wanna see the money, in the main however the clear progress made gives me encouragement. Some amazing connections and partnerships being made. BRN unlike many of their peers in the tech sector have been putting on lots of staff, not terminating them - which in itself says a lot, and the quality of some of these hires certainly speaks to "something is happening here".
Back to the constant criticism and motivations, I don't see how it can be any other way, this an open forum of individual opinions. There are posters who obviously come here with bad or manipulative intent, and they are only here to further ulterior motives, and I think in some cases just to annoy regular posters or sow seeds of distrust or suspicion.
Then you get the fence sitters, some are regular contributors holding on in hope and not some small amount of uncertainty, who may seemingly bend with the ever changing winds, they want to believe but.....then everyone is entitled to a change of mind, and no deal is certain until you have the money in hand.
Some posters and holders are simply not that well informed or researched, I find myself being regularly impressed by the kindness of yourself FF, and many other posters here, in the way you share information and understanding of this investment. However some strangers to kindness won't get it, while others may be eternally grateful.
On the whole though this BRN forum is an inspiring place largely fired by the will, diligence, belief, knowledge and kindness of the other type of poster here - the true believers, but even amongst the most rusted on there may occasionally be a doubt, that's OK with me. Take what you want; I will reiterate though, the years concern me more than anything else, of course because of my advancing age, but mostly because of the growing headwinds Sean spoke to in that brief recent Qtrly. Most unfortunately we are not looking at a garden variety market correction here, big things afoot. GLTAH and go BRN
