Just my short take on todays proceedings.
I attended and video recorded the AGM today and am surprised at all the negative comments I am reading here.
In all honesty it makes me wonder in just what alternate reality the negative AGM they attended occurred?
Of course, many have barrows they wish to push and opinions are malleable according to circumstance and motivation.
After the formal AGM there was a more relaxed get together of all the Company participants and maybe 30 or so TSEX denizens where a few sherbert’s were consumed and everyone present was able to voice their concerns, express their opinions, grumble about the share price and ask all the questions that have been nagging at them. I guess it was a similar experience to those that happen semi regularly in Perth when those of our crew who are local get the chance for some face time with PVDM and whoever else can make themselves available.
It was a great opportunity and in my view well worth the travel and accomodation expense incurred.
It was very reassuring to meet and engage with these people one on one, and to not only have their ear for a while, but more importantly, have the chance to hear detailed explanations tailored to your specific inquiries. I found everyone I spoke to engaging and engaged, cognizant of shareholders concerns and gratifyingly working as a team to push Brainchip as fast as possible towards widespread adoption and success for both themselves and us.
The actual AGM was well attended and run courteously and efficiently by Antonio with assistance from Sean and the other members of the board.
Given both time and confidentiality constraints I thought they handled the general business of the meeting and answered the questions of concern both forthrightly, honestly and intelligently and in each case either put my mind to rest or provided colour to some concepts which previously, for me, had merely been empty line drawings.
The only touch of evasion I perceived was perhaps in regard to resolution 8 regarding the options replaced by shares dealio.
I was left with the impression that this was some kind of a mess up from the past with no real easy clean up solution, that they have wrestled with, run scenario’s, examined possibilities, and come to the considered judgement, after seeking professional advice, that this was the best way to disappear this issue once and for all.
Having learned painful lessons from this affair they have also taken steps to ensure it does not reoccur.
In my opinion, its a can of worms hanging over them from past times they just wanted to send to sleep with the fishes.
As far as the strike down of the remuneration report is concerned, it seems to me like a childish reaction.
I understand the sentiment and notion of disappointment from my fellow share holders and have sympathy with the underlying feeling but stand by my earlier comments that this is something akin to the action of spiting ones own face by cutting off one’s nose.
I hope everyone who voted it down feels they have now extracted their pound of flesh.
Please take the time to listen to the explanations and rationale for these measures and how the current board has evolved its approach to this volatile topic in line with share holders sentiment and sensitivities in mind.
The putting out of eyes makes everyone blind.
I’m tired now and have sympathy for our team who have been in meeting after meeting today performing for audience after audience.
If I’m tired, they must be buggered!
Thanks to all the good natured and genuine thousand eye’s I met today and now have faces to add to their monikers, and to those friends from last year I got to see again today and Thank you to PVDM and the team you have assembled about you working to birth and bring beneficial AI into our world. We do that and the dollars will follow.
Also, a big shout out to our good friend FF who was sadly missed today.
Hoping to see you next year.
AKIDA BALLISTA
AKIDA EVERYWHERE
GLTAH.
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