BRN Discussion Ongoing

[IloveLamp]

Deploy Your Embedded Vision Solution on Any Processor Using Edge Impulse

Vision-based product developers have a vast array of processors to choose from. Unfortunately, each processor has its own unique tool chain. This makes it difficult for developers to evaluate processor options and target different processors for different product needs. Fortunately, […]

embeddedvisionsummit.com

 

[buena suerte :-)]

 

[Vladsblood]

Page 10 of Sean's take gives me confidence for another year to accumulate shares in BRN. Vlad.

 

[DollazAndSense]

While I do think Sean is doing the right things behind closed doors (apart from shareholder communication on progress), I have never been a fan of his appointment.

His public speaking leaves a lot to be desired imo. Admittedly it would be a very difficult job especially trying to dance around NDAs but one of the essential functions of a ceo is to be the public face of the company and instill confidence in the public on where the company is headed, even when things aren't going right.

He is now, and was when he was appointed, to green for this part of the role imo. He is lacking basic CEO skills.

It is hard to see (although I'm sure there were good reasons at the time) why BRN saw fit to appoint him as CEO, .............and it shouldn't be.

Director of sales would've been a better role for his skill set maybe, but he is clearly trying to play catch up in his role and it shows.

Having said all of that, I believe strongly that results will come over the next 12 months and beyond, but I'm not confident at this point in time that Sean is the right man for the job.

Agreed. There was a moment when a question was posed to Sean about why there was no ASX disclosure about Akida 1000 being a failure as this information would have a material impact on the share price.

Sean was absolutely lost at sea and looked to Antonio for defense. Antonio deflected it back and told Sean to answer. That is part of the CEOs job - to answer the tough questions when the times are tough. While I don't agree that Akida 1000 was a failure, the way Sean handled the question was extremely amateur and doesn't strike confidence in his capabilities as a CEO (he looked to Antonio to cover for him a number of times throughout the AGM).

Antonio was able to put things in an easier to digest perspective such as the timeframe of a product cycle in this industry as well as why they won't make announcements via ASX unless it is pretty much a guarantee. He handled questions much more confidently and clearly displays a lot more empathy towards the current position of Brainchip (whereas Sean seems to lack this empathy and only focuses on a potential future).

Given Sean's inexperience as a CEO, I'm not suprised at the amaeteurish CEO display seen at this year's AGM. We've only seen Sean talk prior to this in low pressure situations - last years AGM was much more pleasant for him. I think this AGM may light a much needed fire under his ass, hopefully take heed of the shareholder sentiment and realise that a lot of shareholders' patience is running thin. Hopefully he can reign it in and deliver some deals before 2024 AGM.

 

[Slymeat]

Again, the "NDA wall" seems to have blocked any meaningful answers to the most pressing questions. I feel that a ballpark figure could have been provided at least to assuage some of our concerns. For example, after explaining that everyone the Company deals with signs NDAs, Sean could have added that they were (for example) between 500-1000.

They have told us of none specifically, so zero is the only number that can faithfully be stated.

I have lost a lot of faith with this management team, especially Sean Heir. I expected better by now.

 

[Shezza]

The question that was put in the Q&A by a shareholder( who I can't remember who) that pricked my interest was in a multi question, but "why hasn't any ELT or Director put their hand in their own pockets and purchased additional shares...surely showing some confidence in the company". However unfortunately wasn't answered, or I didn't hear what the answer was.

 

[FlipDollar]

View attachment 37086

What does this mean? What a bloody roller coaster this is becoming…

 

[WhiteDove]

Would @Fact Finder like to bring a prophetic word to settle the nerves of many?

 

[FlipDollar]

What does this mean? What a bloody roller coaster this is becoming…

Answered my own question…

A first strike is triggered when 25% or more of shares are against a company’s remuneration report. If the remuneration report receives dissent votes of 25% or more for two straight years, directors could face re-election.

 

[Deleted member 118]

View attachment 37086

 

[Quatrojos]

They have told us of none specifically, so zero is the only number that can faithfully be stated.

I have lost a lot of faith with this management team, especially Sean Heir. I expected better by now.

As Sean (hot?) Hehir stated last year, judge him on results rather than effort. His effort, reflected in his presentation, is lacklustre so I'm not surprised at his lack of results. CEO's should possess a kind of anemometer for economic headwinds. The headwinds were blowing last AGM and Hehir still blustered.

The next Q will more than likely be sour. My only hopes for '23 are Renesas' 2 nodes and Megachips' unknown. We do know that Nintendo's new console won't be out until at least March '24...

 

[buena suerte :-)]

Answered my own question…

A first strike is triggered when 25% or more of shares are against a company’s remuneration report. If the remuneration report receives dissent votes of 25% or more for two straight years, directors could face re-election.

Had to look up what it was all about also

 

[Therealcookiemonster]

They have told us of none specifically, so zero is the only number that can faithfully be stated.

I have lost a lot of faith with this management team, especially Sean Heir. I expected better by now.

An NDA is not a way to determine a company's success... Literally every company in this space signs NDAs with each other before they have any conversations, let alone do any business. NDA's usually don't need to be signed by the CEO... so, it's like asking the King how many laws/bills passed in all the commonwealth nations last month... It's an irrelevant figure, but an important document.

NDAs are important, not as a gauge for how many customers you have, but more as a way to protect information. For example, Apple wouldn't want any mobile phone manufacturer/designer to know what's inside their phone until its release to the market. Tech like BRN offers a serious competitive advantage that you wouldn't want your competitors to know about.

 

[Fullmoonfever]

Don't know what I'm gonna do with all my free time now

 

[Quatrojos]

Don't know what I'm gonna do with all my free time now

View attachment 37089

Use this end for dots...

 

[skutza]

So it's pretty clear that traders were buying in to the rumor and selling the news. We went from 42.5 to 42c so only down 1/2 a cent from the start of the rumor buying. Nothing to see here, carry on.

 

[MadMayHam | 合氣道]

The share price is what took a good rogering today...

AGM basically erased 1 week's gains in a day.

 

[GazDix]

I disagree about all who are bagging Sean Hehir right now. Again it is a case of damned if he does and damned if he doesn't.

He looked like the blood drained from his body and his voice was croaky as hell. Was he nervous? Probably, and probably deserved after the last AGM. Roger may have gave him a good rodgering before processings. His delivery was poor but what if his delivery was an all American, everything is great dog and pony show? He would be destroyed by the same commentators who are bagging him now. He was not empathetic? Bollocks. He looked like he was shitting bricks.

For those analysing performances, it is the smooth Viana who I would worry about.

 

[Deleted member 118]

I disagree about all who are bagging Sean Hehir right now. Again it is a case of damned if he does and damned if he doesn't.

He looked like the blood drained from his body and his voice was croaky as hell. Was he nervous? Probably, and probably deserved after the last AGM. Roger may have gave him a good rodgering before processings. His delivery was poor but what if his delivery was an all American, everything is great dog and pony show? He would be destroyed by the same commentators who are bagging him now. He was not empathetic? Bollocks. He looked like he was shitting bricks.

For those analysing performances, it is the smooth Viana who I would worry about.

If you’re going to be running a company that could one day be massive, he should show more conviction and professionalism than he has since he joined BRN. Not up for the job I recon.

 

[Quatrojos]

I disagree about all who are bagging Sean Hehir right now. Again it is a case of damned if he does and damned if he doesn't.

He looked like the blood drained from his body and his voice was croaky as hell. Was he nervous? Probably, and probably deserved after the last AGM. Roger may have gave him a good rodgering before processings. His delivery was poor but what if his delivery was an all American, everything is great dog and pony show? He would be destroyed by the same commentators who are bagging him now. He was not empathetic? Bollocks. He looked like he was shitting bricks.

For those analysing performances, it is the smooth Viana who I would worry about.

He should be able to present without reading verbatim. Most of us could've said what he said without looking at notes as none of it was new info. His delivery should never be poor; he's our CEO and we pay him very well.