His reply:I'm thinkng something like this:
Dear Peter,
I write to express my dissapointent with the current performance of the board.
I, and many other investors, have taken on the dream of Alkida everywhere. Akida's abilities are urgently needed in the world. It's ability to detect what's not normal, and do this locally on very low power is a boon for humanity, especially since these things are being done locally and not on a cloud service that on-sells our personal lives.
The podcasts are misleading. I haven't heard a podcast yet that has ended in a license.
I can understand that signed agreements need to be initially covered by an NDA. I haven't heard of an agreement announcement that has resulted from any NDA. Isn't there any NDA agreement that has come close enough to a successful outcome that can now be announced?
The board seems to clinging to a lazy methodology. What good does it do Brainchip to have its executives attend sales conferences attended by executive teams from rival companies? This is not an alternative to fostering long term strategic partnerships.
The laziness of the board can be described as a gold miner saying to a gold buyer: "There is the hill of gold. Pay us money and mine it at your own expense."
Peter, many have followed your dream of a technology that puts power into the hands of common people. You need to personally direct the board to tell us and provide evidence as to how they are going.
If they can announce an IP deal, then fine. If they can't do that, then they must announce the manufacture of the chip with the highest prospect of take up.
Let's have a strategy that will show Brainchip's engagement with the AI world, instead of social media and podcasts. Let's have agreements that have reached a point of iminanent success where both parties are committed to each other. That's a real ecosystem and you can feel free to call on LDA for a capital raising, for that specific purpose.
These are the ways ahead that we are simply not taking. This need to change, and the change should be announced at the AGM.
Yours, etc
“For you I’am Mr. Peter Van der Made and second, don’t disturb my retirement. Thanks”
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