BRN Discussion Ongoing

[Wickedwolf]

As far as I'm concerned absolutely nothing has changed fundamentally in the company from when we were $2.34 to today when we're sub 40c.
[/QUOTE]


Only thing that had changed fundamentally is that we are in a far better position to justify a $2+ share price….but hey…why don’t we just ignore all that and continue to blame management because they clearly define the day to day sp

 

[wilzy123]

I think some people blaming negative posts for lower share price are stupid... lol

Howcome all the upramps are not driving the share price up??

This is a great analysis, Such great

 

[Boab]

There appears to be more and more articles everyday about AI in the various news feeds I read.
Most are just click bait but it gives BRN a chance of more people discovering and hopefully wanting to invest in our little beauty.
I am holding out for a financially secure retirement in a couple of years.

 

[Boab]

Same here, they let me buy more, and I thought that I had my quota, so as old saying goes,
(Never look a gift horse in the mouth), so I brought as many as they let me @.62 on the 09/02

Don't feel bad, my ave buy in is in the .90s

 

[IndepthDiver]

I've noticed a lot of noise lately around Manny Hernandez's share granting. On the face of it it looks like he previously had to pay something for them, but now he's getting them for free. I'm not a legal expert so I see two options here:
1. Talk to the company about the concerns and relay the findings
2. Get a legal experts opinion on the matter

I'm surprised I haven't seen it mentioned here but only half a year ago a lawyer provided their view of this exact situation. They then spoke to management to verify anything they were unsure about and relayed the findings. Here are the relevant posts (I've posted a copy of the second one below, which summarises the findings):

Post 32807:

BRN Discussion Ongoing

Ive got some bad news for you if they took your balls thats not a vasectomy!😭 Snap!

thestockexchange.com.au

Post 32842:

BRN Discussion Ongoing

https://www.latestcarnews.net/electric-mercedes-cla-will-arrive-in-2024/ The electric Mercedes-Benz CLA or EQC will be based on the Vision EQXX, a striking prototype with a drag coefficient of 0.17 that was recently able to complete a journey of more than 1,200 km on a single charge. It would...

thestockexchange.com.au

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

I think it's great when people are voicing valid concerns. However, please be aware that if you're not prepared to do any follow ups or a little bit of digging you may just be feeding the negative sentiment of the forum unnecessarily.

 

[MadMayHam | 合氣道]

I've noticed a lot of noise lately around Manny Hernandez's share granting. On the face of it it looks like he previously had to pay something for them, but now he's getting them for free. I'm not a legal expert so I see two options here:
1. Talk to the company about the concerns and relay the findings
2. Get a legal experts opinion on the matter

I'm surprised I haven't seen it mentioned here but only half a year ago a lawyer provided their view of this exact situation. They then spoke to management to verify anything they were unsure about and relayed the findings. Here are the relevant posts (I've posted a copy of the second one below, which summarises the findings):

Post 32807:

BRN Discussion Ongoing

Ive got some bad news for you if they took your balls thats not a vasectomy!😭 Snap!

thestockexchange.com.au

Post 32842:

BRN Discussion Ongoing

https://www.latestcarnews.net/electric-mercedes-cla-will-arrive-in-2024/ The electric Mercedes-Benz CLA or EQC will be based on the Vision EQXX, a striking prototype with a drag coefficient of 0.17 that was recently able to complete a journey of more than 1,200 km on a single charge. It would...

thestockexchange.com.au

I think it's great when people are voicing valid concerns. However, please be aware that if you're not prepared to do any follow ups or a little bit of digging you may just be feeding the negative sentiment of the forum unnecessarily.

Thanks for the succinct recap. Now if only the company via TD / SH could have mentioned that, rather than that inadequate summary devoid of detail, then there wouldn't have been any doubts. In any case I will abstain from voting as I am a foreign holder and it's too taxing to get my voice heard through the nominee firewall.

 

[The Pope]

Agreed,
And you wonder why FF, F'd off
This forum seems to have lost its way.

He hasn’t disappeared BVR. He is in some posters responses since leaving 1 April. I’m not pointing out which posts but FF has a certain style. All good as I appreciate FF still providing comments but it’s more on a casual basis.
I do agree though the forum has changed in the past month or so but don’t know if it’s lost it’s way.

 

[IndepthDiver]

While I'm at it, just thought I'd post a few points around the performance of the company / management personnel. Some here seem to think that only Peter and Anil are deserving of any additional rewards and that we haven't had much success otherwise, largely due to lack of shares.

I think it's worth considering the roles and responsibilities, followed by the results of the management (where it can be evaluated). This is just a quick summary of some highlights, which hopefully will outline some of the success the company has had recently. The point I'm trying to get at is

Sean Hehir:
Roles:
-Strategise / steer the ship.
-Listen to the market and customers, and use their feedback to revise the strategy
-Accelerate commercialisation
-

Outcomes:
-Listened to customers. Accelerated the rollout of 8-bit IP and architecture. Sean said in the virtual investor conference that many customers requested 8-bit, and this also means that not only has our potential market has grown significantly but the growth rate has also been accelerated. Also has put some focus on developing pytorch (which most of our non-tensorflow customers would be using), which again further broadens our reach .
-Restructured the company to try accelerate the takeup of IP and accelerate development of new IP solutions (take a look at the new structure which I've posted an image of below)
-Driven the focus on ecosystems and partners
-Expanded the company at a realistic rate, when factoring in the global economy slowdown.

Rob Telson:
Roles:
-Develop ecosystems

Outcomes:
-Developed a large ecosystem of partners. A large number of important partners have been added over the past 12 months. Note that for those with zero awareness of ARM's strategy, they called their main customers "partners". The terminology reminds both parties that it's beneficial to help each other meet their goals. So when you read the word partner, it likely means more than just "partner".

Board:
Role:
-Provide guidance with the strategy, oversee the financial performance and make sure the company does what it needs to

Outcome:
-Company has developed a strategically sound strategy and has been fiscally responsible with their money consider the global economy. I'm sure Sean would like to hire more people, but with the limited staff they currently have I think they've made great achievements.

Sometimes I think people forget the value of having experienced ARM people on board. I'm not exclusively referring to ARM, but I presume many get what I'm getting at. Many of these people have been through similar experiences in other companies, which means they can help avoid any mistakes which were made the first time around and prioritise what worked well in their previous tenure. In our case we have many ARM executives who are likely worth their weight just from their opinions. They also bring extensive trusted contacts which further speeds up customer engagements and comfortability with using our products.

Excellent people are worth 5-10x an average person but pay usually doesn't scale in the same way. If the people we are hiring are enabling the company to make large improvements within a one year frame, it's likely to be a company wide effort

Pure speculation, DYOR

 

[Deadpool]

He hasn’t disappeared BVR. He is in some posters responses since leaving 1 April. I’m not pointing out which posts but FF has a certain style. All good as I appreciate FF still providing comments but it’s more on a casual basis.
I do agree though the forum has changed in the past month or so but don’t know if it’s lost it’s way.

 

[cassip]

Guten Abend @cassip,

I believe Alf Kuchenbuch is whom you are looking for?

https://de.linkedin.com/in/alf-kuchenbuch-a761349

https://www.xing.com/profile/Alf_Kuchenbuch (not yet updated re Brainchip)

I am afraid I can‘t access his contact details, though, as I am neither a LinkedIn nor a XING member myself, but maybe you have an account with either of them resp. know someone who does or another forum member can help?

Thank you @Frangipani

 

[Food4 thought]

Hey
I was just ơn BrainChip. Com
Looking through it went to partners
Names every body except one. It states that MegaChips is a partner but not Renesas
Any ideas??

 

[The Pope]

You're entitled to your own opinion Diogenese.

The reason I think it's a "buddy" deal, is because I think it's likely he didn't have a million dollars in free capital to exercise the options at the time.

How could him not exercising the options and giving the Company a million dollars, possibly be in the best interests of the Company, or its shareholders?

The reason of tax selling was given.

At no time in the Company’s past, has it given consideration, to what the selling of shares (LDN for example) would do to the share price.
It's just been a case of "Well that's the Market".

@MDhere, he will have to sell a hunk almost immediately, to cover his tax, for the same reasons as the Company was supposedly protecting us from, when the share price was much higher.

The argument that this is not dilution by the Company, because the options were already granted, is baseless, as they were granted on the basis of providing the Company, with a million dollars in funds. There was also no certainty that all options would be exercised, which is completely different from the granting of the RSUs.

Now they are just a gift.

@Cirat, the whole idea, that Emmanuel Hernandez has a claim against the Company, doesn't gel with me, when it was outside normal circumstances, for the treating of the options.

His "favor" to the Company of not exercising, simply does not make sense.

Hi dingo,

Ok, I’m going to call something out based on a previous response by FF earlier this year when he advised last time when he left TSE and mentioned to all that others posted on his behalf via private messages on TSE and did anyone notice. Well I did and confused as to why but happy for FF to post.

I would suggest while Dio may have posted the reply to you my gut feel is FF provided the post (maybe with some minor tweaks). FF has a distinct posting format styles, sentence structure and wording.

If I’m incorrect I will say 5 Hail Marys and have two tequila shots.

FF please just return to TSE and post at will.

 

[Iseki]

Hey
I was just ơn BrainChip. Com
Looking through it went to partners
Names every body except one. It states that MegaChips is a partner but not Renesas
Any ideas??

They are under Parasite

 

[Diogenese]

Hi dingo,

Ok, I’m going to call something out based on a previous response by FF earlier this year when he advised last time when he left TSE and mentioned to all that others posted on his behalf via private messages on TSE and did anyone notice. Well I did and confused as to why but happy for FF to post.

I would suggest while Dio may have posted the reply to you my gut feel is FF provided the post (maybe with some minor tweaks). FF has a distinct posting format styles, sentence structure and wording.

If I’m incorrect I will say 5 Hail Marys and have two tequila shots.

FF please just return to TSE and post at will.

Another blot on your infallibility escutcheon, your holiness.

 

[Kachoo]

Hey
I was just ơn BrainChip. Com
Looking through it went to partners
Names every body except one. It states that MegaChips is a partner but not Renesas
Any ideas??

Do see the banner? It's on there.

 

[Frangipani]

Does this mean the conference will be spoken in the German language?
View attachment 35038

It seems the Bundeswehr (German Armed Forces) is so shockingly underequipped these days that they are now even resorting to confiscating the letter Y in the word “Germany“ from random websites for reuse on their vehicles’ licence plates…
They were allotted that leftover letter back in 1955, as no German city or county starts with Y (except a Black Forest village named Yach, which is way too small, though, to have its own licence plate letter combination) and the obvious BW was already taken by the “Bundes-Wasserstraßen- und Schifffahrtsverwaltung“.
(I kid you not! This tongue twister and spelling monster terrifying learners of German translates as “Federal Waterways and Shipping Administration“, in the unlikely case you wanted to know.)

Specially for you, @Bravo, here is a picture of a feline Bundeswehr pet called Puma, which means “cougar” in English (and has no negative double entendre in German).
Yup, that’s exactly why the sportswear company of the same name has one of those mountain lions as their logo. And lest anyone should accuse me of camouflaged advertising, I’ll also quickly mention its biggest domestic rival, Adidas, which - believe it or not - is headquartered in the same Bavarian town named Herzogenaurach (near Nürnberg/Nuremberg actually)! The reason being, the companies’ founders were brothers - their lifelong feud is quite an interesting story that has also been made into a movie.

Dassler brothers feud - Wikipedia

en.m.wikipedia.org

Little did the Dassler brothers know that one day their businesses would be eclipsed by an American company named after the Greek goddess Nike, the personification of victory. Doesn’t that strikingly resemble the story of two American tech giant rivals that each had developed a neuromorphic research chip, until a third company with a Greek chip name comes seemingly out of nowhere, joins the race with a commercial (!) chip in hand as their baton, swooshes past them, takes the lead and succeeds in maintaining it?! Awesome story, I hear you say? Well, let‘s better not take this analogy too far, though, as it doesn‘t bode well for Brainchip once we’ll find out that in Greek mythology the goddess Nike was a frequent attendant (or sometimes even considered just an attribute) of … Athena!
To calm our nerves, I’d suggest a rooting-for-the-underdog story of disruptive innovation instead: the biblical tale of David and Goliath, in which coincidentally a humble slingshot plays an important role…

 

[AusEire]

Hey
I was just ơn BrainChip. Com
Looking through it went to partners
Names every body except one. It states that MegaChips is a partner but not Renesas
Any ideas??

My take on this would be that Renesas are not a development partner(IP licensee only?) hence not being listed on the website as a partner?

Megachips could be both a development partner and IP licensee?

Don't take my word for it though just my interpretation

 

[Boab]

Hey
I was just ơn BrainChip. Com
Looking through it went to partners
Names every body except one. It states that MegaChips is a partner but not Renesas
Any ideas??

I don't think we've got anything to worry about with positive comments surrounding the development of Akida 2nd Gen from Renesas and RealityAI a Renesas Co

 

[DingoBorat]

Hi dingo,

Ok, I’m going to call something out based on a previous response by FF earlier this year when he advised last time when he left TSE and mentioned to all that others posted on his behalf via private messages on TSE and did anyone notice. Well I did and confused as to why but happy for FF to post.

I would suggest while Dio may have posted the reply to you my gut feel is FF provided the post (maybe with some minor tweaks). FF has a distinct posting format styles, sentence structure and wording.

If I’m incorrect I will say 5 Hail Marys and have two tequila shots.

FF please just return to TSE and post at will.

I respect both their opinions, but that doesn't mean I would be persuaded to agree with their's or anyone else's, if it goes against what I can see as the truth, in my own mind (which can admittedly be a scary place ).

While the horse is definitely not dead, I've said my piece on the subject and I'm not going to continue beating it (although I reserve the right to give it another prod.. )

Too many people, take as Gospel, the words of those in positions of authority, or those that should be telling things as they are, whether that is Government, the Media, Companys, or what have you..

In my opinion, there are too many sheep in the World, only too willing to be led, but there would actually be chaos, if that wasn't the case..

 

[Sirod69]

Nein, nicht unbedingt. Deutsche sprechen auch Englisch

Are you sure?