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Deleted member 118

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Can someone smarter than me please explain the latest announcement (that’s pretty much everyone except for MC). Has Sean been awarded a couple of million shares as part of an incentive scheme?


 
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Slade

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Ok, without an explanation you can have mine. Sean has satisfied the incentive requirements by brokering several deals with major companies (probably Apple, Samsung and Dick Smith) and has been awarded a truck load of shares.
 
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D

Deleted member 118

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Ok, without an explanation you can have mine. Sean has satisfied the incentive requirements by brokering several deals with major companies (probably Apple, Samsung and Dick Smith) and has been awarded a truck load of shares.
 
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TECH

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Personally, I didn't have a view one way or the other with regards yesterday's podcast.

You can't expect every guest to be raving about Brainchip's technology, it was more about the overall technology
or potential market heading into the next 3-10 years, and yes there is still lots of water to flow under this space yet
expect more and more mergers and acquisitions as more start-ups either haven't got the staff or readily available
funds to go it alone, that's my take.

And I repeat the person who knows 100% more than Sally doesn't go around making this statement to me on a whim,
we don't deal in fluff statements anymore, get it.... Integrity, Morals, Life Values, Honesty....the winning combination.

"I believe that we have moved even further ahead"

Love Brainchip x Mr Tech Laden 2022 :ROFLMAO::ROFLMAO::cry:
 
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SERA2g

Founding Member
Personally, I didn't have a view one way or the other with regards yesterday's podcast.

You can't expect every guest to be raving about Brainchip's technology, it was more about the overall technology
or potential market heading into the next 3-10 years, and yes there is still lots of water to flow under this space yet
expect more and more mergers and acquisitions as more start-ups either haven't got the staff or readily available
funds to go it alone, that's my take.

And I repeat the person who knows 100% more than Sally doesn't going around making this statement to me on a whim,
we don't deal in fluff statements anymore, get it.... Integrity, Morals, Life Values, Honesty....the winning combination.

"I believe that we have moved even further ahead"

Love Brainchip x Mr Tech Laden 2022 :ROFLMAO::ROFLMAO::cry:
Keep working on the 'sign-off' mate. You'll eventually hit bullseye!

Over and out.

TechNanoNoNo xx
 
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mrgds

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I thought it may have been a payment for something...
Yes, it was a payment for something,

He"s been with BRN for 12mths (Nov 21) .................. its the 1st of 3 payments he will recieve each 12mths

Didn"t we cover this recently with the BIG SCANDAL ................ CEO sells $800k worth of shares ?
 
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Yes, it was a payment for something,

He"s been with BRN for 12mths (Nov 21) .................. its the 1st of 3 payments he will recieve each 12mths

Didn"t we cover this recently with the BIG SCANDAL ................ CEO sells $800k worth of shares ?
Except it was the other way around CEO elected to acquire $800,000 worth of BRN ASX shares with $800,000 worth of his after tax dollars.

You might even say as he used after tax dollars to acquire these shares he paid between $0.95 to $1.04 gross for the privilege of owning when the market price was 72.5 cents to 76.5 cents a share.

All a question of whether one has genuine retail investors interests or the interests of retail and institutional traders and shorts foremost in mind.

The judgement of MF was to ignore the interests of genuine retail and support retail and institutional traders and short interests by ignoring that part of the CEO’s decision that sees him acquire over 1 million Brainchip shares with his after tax dollars.

My opinion only DYOR
FF

AKIDA BALLISTA

PS: @Slade I am a little confused by the recent notice and have sought clarification from Tony Dawe as it also appears to reference Anil Mankar if I remember his code correctly. Hopefully once I have a reply it will become clear.
 
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Ok, without an explanation you can have mine. Sean has satisfied the incentive requirements by brokering several deals with major companies (probably Apple, Samsung and Dick Smith) and has been awarded a truck load of shares.
My view fwiw.

Originally the company moved 7,500,00 end Oct Ann for the employee share plan

Seans RSU's vested after the 12 month period and he had 7,081,730 RSU in 30/11 Ann

In the same Ann he converted 2,000,000 RSU to BRN ordinary shares

Couple days later we get the next Ann he sold 917,025 for tax obligations on the vested 7,081,730 RSU's as per US tax law

The above Ann still showed he had 5,081,730 RSU's & now left with 1,082,975 BRN ordinary (2,000,000 - 917,025)

Todays Ann says to me he has converted another 2,545,625 RSU's to BRN ordinary which he can now trade

(Edit: should be 2m to Sean & excess to others as picked up by @Learning )

Also, within todays Ann someone else (not KMP - Key Mgt Personnel) converted 2,730,834 BRNAD oppies

Not sure who that was and the structure around it eg strike, expiry etc but would appear to be staff as it's listed as being under the employee incentive scheme.

Not sure how these are structured up as in whether it's an internal exercise by the company to then provide BRN ordinary to staff member(s) as an incentive for milestones or if it is a number of staff or individual converting themselves.

The other standalone Ann appears to be that 87,500 RSU's for whoever at BRN have lapsed due to conditions not being met or becoming incapable of being satisfied. Not sure of the meaning of that but maybe a more junior staff member moved on (?) and therefore, not entitled to RSU's or similar given such a small amount, I would expect it would not be to do with KMP imo.

Suspect we should get a change of Dir notice next couple of days on Seans component.

The oppie conversion, not sure as not KMP / Dir by looks and maybe this notice covers it.

All my thinking anyway.
 
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Slade

Top 20
nice wow wow wee wow GIF
My view fwiw.

Originally the company moved 7,500,00 end Oct Ann for the employee share plan

Seans RSU's vested after the 12 month period and he had 7,081,730 RSU in 30/11 Ann

In the same Ann he converted 2,000,000 RSU to BRN ordinary shares

Couple days later we get the next Ann he sold 917,025 for tax obligations on the vested 7,081,730 RSU's as per US tax law

The above Ann still showed he had 5,081,730 RSU's & now left with 1,082,975 BRN ordinary (2,000,000 - 917,025)

Todays Ann says to me he has converted another 2,545,625 RSU's to BRN ordinary which he can now trade

Also, within todays Ann someone else (not KMP - Key Mgt Personnel) converted 2,730,834 BRNAD oppies

Not sure who that was and the structure around it eg strike, expiry etc but would appear to be staff as it's listed as being under the employee incentive scheme.

Not sure how these are structured up as in whether it's an internal exercise by the company to then provide BRN ordinary to staff member(s) as an incentive for milestones or if it is a number of staff or individual converting themselves.

The other standalone Ann appears to be that 87,500 RSU's for whoever at BRN have lapsed due to conditions not being met or becoming incapable of being satisfied. Not sure of the meaning of that but maybe a more junior staff member moved on (?) and therefore, not entitled to RSU's or similar given such a small amount, I would expect it would be to do with KMP imo.

Suspect we should get a change of Dir notice next couple of days on Seans component.

The oppie conversion, not sure as not KMP / Dir by looks and maybe this notice covers it.

All my thinking anyway.
My view fwiw.

Originally the company moved 7,500,00 end Oct Ann for the employee share plan

Seans RSU's vested after the 12 month period and he had 7,081,730 RSU in 30/11 Ann

In the same Ann he converted 2,000,000 RSU to BRN ordinary shares

Couple days later we get the next Ann he sold 917,025 for tax obligations on the vested 7,081,730 RSU's as per US tax law

The above Ann still showed he had 5,081,730 RSU's & now left with 1,082,975 BRN ordinary (2,000,000 - 917,025)

Todays Ann says to me he has converted another 2,545,625 RSU's to BRN ordinary which he can now trade

Also, within todays Ann someone else (not KMP - Key Mgt Personnel) converted 2,730,834 BRNAD oppies

Not sure who that was and the structure around it eg strike, expiry etc but would appear to be staff as it's listed as being under the employee incentive scheme.

Not sure how these are structured up as in whether it's an internal exercise by the company to then provide BRN ordinary to staff member(s) as an incentive for milestones or if it is a number of staff or individual converting themselves.

The other standalone Ann appears to be that 87,500 RSU's for whoever at BRN have lapsed due to conditions not being met or becoming incapable of being satisfied. Not sure of the meaning of that but maybe a more junior staff member moved on (?) and therefore, not entitled to RSU's or similar given such a small amount, I would expect it would be to do with KMP imo.

Suspect we should get a change of Dir notice next couple of days on Seans component.

The oppie conversion, not sure as not KMP / Dir by looks and maybe this notice covers it.

All my thinking anyway.
Thanks fullmoonfever
 
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Slade

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Except it was the other way around CEO elected to acquire $800,000 worth of BRN ASX shares with $800,000 worth of his after tax dollars.

You might even say as he used after tax dollars to acquire these shares he paid between $0.95 to $1.04 gross for the privilege of owning when the market price was 72.5 cents to 76.5 cents a share.

All a question of whether one has genuine retail investors interests or the interests of retail and institutional traders and shorts foremost in mind.

The judgement of MF was to ignore the interests of genuine retail and support retail and institutional traders and short interests by ignoring that part of the CEO’s decision that sees him acquire over 1 million Brainchip shares with his after tax dollars.

My opinion only DYOR
FF

AKIDA BALLISTA

PS: @Slade I am a little confused by the recent notice and have sought clarification from Tony Dawe as it also appears to reference Anil Mankar if I remember his code correctly. Hopefully once I have a reply it will become clear.
Thanks FF
 
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TopCat

Regular
Hi Cassip , I haven’t looked into Big Bear AI but I found a link between Redwire and Thales / European Space Agency


Rome, November 30, 2022 - Thales Alenia Space, joint venture between Thales (67%) and Leonardo (33%), and the European Space Agency (ESA) have signed a letter of intent to collaborate in supporting the creation of future disruptive space-based solutions in the Earth Observation domain.

Thales Alenia Space will cooperate with the ESA Φ-lab to explore innovative technologies based on Artificial Intelligence (AI) and their applications to use cases of significant interest to both entities.

Artificial Intelligence and new computing paradigms like neuromorphic, quantum, and edge computing, applied to both optical and radar Earth Observation data, are a strategic area of interest for both Φ-lab and Thales Alenia Space. Key topics of the collaboration include end-to-end learning for Synthetic-Aperture Radar (SAR) data, physically-based Artificial Intelligence to extract information from SAR data and enable object detection, recognition and classification, collective intelligence and federated learning at the edge, and the use of AI and Earth Observation in immersive-reality scenarios such as Augmented and Virtual reality for satellite and mission data management.


This contract award is incredibly exciting. The adaption of processes and tools to the space environment, many of which we take for granted on Earth, will be critical in many areas of our future. I am proud that our dedicated teams will be leading this study together with our valued partners AVS, Metalysis, Open University and Redwire Space Europe to solve the complex challenge of creating oxygen to sustain life on the lunar surface.
Late last year the European Space Agency selected 12 projects for funding to advance computing techniques and AI. Could the E.S.A also have been in the EAP?

ESA launched the first artificially intelligent Earth observation satellite in September 2020. Named ɸ-sat (pronounced phi-sat), the satellite carried an AI-accelerator chip that automatically discards cloudy images and send only useful data down to Earth.


The latest step came in October 2021, when the Discovery element of ESA’s Basic Activities – working together with Φ-lab and ESA’s new commercialisation department – launched a call for ideas on how we can make space systems more powerful using novel computing techniques and AI. The most interesting ideas have now been selected for funding.

The selected ideas involve new technologies developed outside the space sector – including blockchain, edge computing, and neuromorphic computing (inspired by the workings of the human brain),” says Gabriele. “The ideas address amazing applications across the space domain including early detection of methane gas and natural disasters, autonomous rovers on the Moon, space surveillance and tracking – all because information could be processed more efficiently.”

D2C54BA3-D441-415C-92F6-7945E9EA57BC.jpeg
 
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Learning

Learning to the Top 🕵‍♂️
Screenshot_20221208_160507_Samsung Notes.jpg

My understand is, between 1/11 to 1/12 2022, 2,545,625 Restricted Stock was converted to Ordinary Shares and 2 Million was awarded to Mr Hehir and 545,625 was awarded to staffs under employee incentive schemes. (If that is the case, Mr Hehir and BrainChip’s staffs are meeting their performances target) JMHO.

Screenshot_20221208_160534_Samsung Notes.jpg

Between 17/10 to 28/11/2022 Brainchip's staffs has exercised 2,730,834 OPTION into Ordinary Shares.

That's just my opinion.

Learning
 
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Thanks FF
Heard back from Tony Dawe he is trying to get an answer to me before close of business.

This is what happens when Americans try to fill out Australia Forms in English.

I hope one of the open positions in the US is for an interpreter in the Australian and American language.😂🤡😂🤣

Regards
FF

AKIDA BALLISTA
 
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McHale

Regular
If you have no idea about Transformer networks for natural language then take ten minutes and be bedazzled by this explanation:


Left me wondering what Peter van der Made was up to in the last ten years Transformers seem like a snap to design and implement in 28 or 22nm.🤡🤣🤡😂🤡😵‍💫🤓

My opinion only DYOR
FF

AKIDA BALLISTA
Hi @Fact Finder That pick-up you made the other day re Rob asking SWF about transformers in the podcast is intriguing for me, in respect of the fact that we know or expect transformer tech to be employed in Akida2. @alwaysgreen thought it was perhaps an Easter egg.

So my intrigue is, could Rob have been throwing us a small bone or clue, which may be that transformer tech is not far away, could it be a Christmas present rather than an Easter egg. Not that I want to build any expectation amongst the faithful, because that would be a counter productive notion to become too invested in. Just a thought.

But it wasn't my favourite podcast by any stretch of the imagination, so thanks for the bone. Didn't someone from BRN say that Akida2 would be released in 2022 ??
 
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alwaysgreen

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Without trying to be a downer, the milestone may have been to sustain a $1 billion dollar market cap or be in the ASX 200 for 3 quarters (both excellent achievements).

It would be great to know exactly what the milestones were but I doubt we will ever be privvy to that information.
 
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alwaysgreen

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Hi @Fact Finder That pick-up you made the other day re Rob asking SWF about transformers in the podcast is intriguing for me, in respect of the fact that we know or expect transformer tech to be employed in Akida2. @alwaysgreen thought it was perhaps an Easter egg.

So my intrigue is, could Rob have been throwing us a small bone or clue, which may be that transformer tech is not far away, could it be a Christmas present rather than an Easter egg. Not that I want to build any expectation amongst the faithful, because that would be a counter productive notion to become too invested in. Just a thought.

But it wasn't my favourite podcast by any stretch of the imagination, so thanks for the bone. Didn't someone from BRN say that Akida2 would be released in 2022 ??
From memory, transformers/LSTM was outlined for Akida 1500 not Akida 2000 but I could be wrong.
 
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Hi @Fact Finder That pick-up you made the other day re Rob asking SWF about transformers in the podcast is intriguing for me, in respect of the fact that we know or expect transformer tech to be employed in Akida2. @alwaysgreen thought it was perhaps an Easter egg.

So my intrigue is, could Rob have been throwing us a small bone or clue, which may be that transformer tech is not far away, could it be a Christmas present rather than an Easter egg. Not that I want to build any expectation amongst the faithful, because that would be a counter productive notion to become too invested in. Just a thought.

But it wasn't my favourite podcast by any stretch of the imagination, so thanks for the bone. Didn't someone from BRN say that Akida2 would be released in 2022 ??
Yes the timetable was always for the IP to be released second half 2022 and if you have a look at Sean Hehir's AGM presentation he states it is going to happen and that a reference chip is likely to be produced next year.

I do not want to prejudice your interpretation of his exact words but they left me wondering if the IP release was more flexible than before 31.12.22 as I had thought from statements by Peter van der Made, Anil Mankar and Ken Scarince it was a definite for 2022 until then.

Certainly they have purchased and paid for all the third party IP they required as this was reported in the half yearly report and clarified by Ken Scarince that the IP purchase covered the AKIDA 2.0 third party IP.

I know you know how to access the AGM presentation so I would be interested to hear your take on how to understand Sean Hehir on the release date for the IP.

If it is not released before 31.12.22 I would suspect it is a tactical decision related to a customer engagement as the IP was ready end of last year and it is the engineering that has been taking place this year. Going by AKD1000 the engineering clearly was not finalised when the IP was released to select customers back in 2019 and when it was made more generally available they were still working on the FPGA to ensure they could get the production of AKD1000 right the first time. Which thanks to Anil Mankar's brilliance in this area they did.

My opinion only DYOR
FF

AKIDA BALLISTA
 
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Xray1

Regular
Without trying to be a downer, the milestone may have been to sustain a $1 billion dollar market cap or be in the ASX 200 for 3 quarters (both excellent achievements).

It would be great to know exactly what the milestones were but I doubt we will ever be privvy to that information.
I am hoping that's it for : " We are seeing the greatest amount of sales activity and engagement in the Company’s history." which I hope will be shown in the upcoming 4C revenue disclosure.
 
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Slade

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Without trying to be a downer, the milestone may have been to sustain a $1 billion dollar market cap or be in the ASX 200 for 3 quarters (both excellent achievements).

It would be great to know exactly what the milestones were but I doubt we will ever be privvy to that information.
There is no way Sean’s milestones will be connected to the share price, especially after the “share price will do what the share price does” comment at the AGM.
 
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