BRN Discussion Ongoing

[Galaxycar]

If there is a 2nd strike it just means that the BOD is up for re election. With a > 50 % vote required to move the BOD on its likely they will stay.
Sean will stay on if there is a 2nd strike. But if the BOD is removed at a later meeting Sean will likely resign leaving the business completely rudderless. This would play into shorters hands and we could easily hit a low of below 10 cents.
To sack the BOD now is an emotional rather than a rational decision for holders..
I did not expect revenue this quarter and i do not expect to see revenue until the Sept or Dec quarter. The market for BRN products just has not arrived yet. Its hard to move your product if there are no buyers. Once the market starts moving it is predicted to grow quickly.

No to sack the board now is to give us some hope of a change of direction between 2-3years of money left to draw down. I tend to disagree with what percentage it will take to give the board a shake. Not every board change brings disaster sometimes shares do go up after a board spill. Sometimes it’s seen as a huge positive. Sean himself said Judge me by the financials well I have. He won’t give us a timeline to judge him by So what are we to do. There is no use changing the board once we have run out of money therefore hopefully by doing so the management when the money has run out. Have they told us anything we can gage future earning on NOPE how many units of the products they have to sell on their website NOPE, What are the milestones that have to be reached before bonus are paid NOPE all easy questions to answer won’t disclose anything behind NDA’S.
Last time I questioned the loveable TD about their bonuses and what they had done to warrant them,he hung up on me. On a shareholder with just over 500k of shares BUNCH OF ENTITLED 69ers

 

[Makeme 2020]

If there is a 2nd strike it just means that the BOD is up for re election. With a > 50 % vote required to move the BOD on its likely they will stay.
Sean will stay on if there is a 2nd strike. But if the BOD is removed at a later meeting Sean will likely resign leaving the business completely rudderless. This would play into shorters hands and we could easily hit a low of below 10 cents.
To sack the BOD now is an emotional rather than a rational decision for holders..
I did not expect revenue this quarter and i do not expect to see revenue until the Sept or Dec quarter. The market for BRN products just has not arrived yet. Its hard to move your product if there are no buyers. Once the market starts moving it is predicted to grow quickly.

So why is Sean saying watch the financials since 2023

 

[GazDix]

Hi all,

Disappointing about revenue, but it seems a lot is still going on behind the scenes. My time-horizon has moved along seeing there is a lot of tension in the macro environment such as international conflcts and stagflation. To produce a disappointing result when times are booming, then other opportunities would be more desirable. But for now, I have adjusted to a longer timeframe.

Would still like to see the company to improve its communication to SHs. But that has been discussed to death. I still hope it changes nonetheless.

Interesting to include a top 50 this time. Anyway, here are the movements from the top 20:

1. PVDM (founder) - same
2. Citi - down about 1 million shares (they zig zag up and down every quarter).
3. BNP - up about 7 milions shares. They have accumulated large amounts throughout all of 2023 and keep on doing so into this year.
4. Merril - down 10 million shares. This is by far the biggest drop for them after keeping more or less the same amount for a long time.
5. HSBC Australia - up 15 million shares. Massive turnaround.
6. JP Morgan - up 8 million. Since 2023 all together they are up around 20 million shares.
7. BNP (2) - down 600k.
8. LDA Capital (NEW). As the announcement I guess.
9. National Nominees - up 7 million.
10. BNP (3) - up 400k.
11. HSBC (2). up 1 million.
12. Certaine - Down 800k.
13. Osserian fam - sold 600k. First time they have sold since I have been tracking.
14. Finclear - Down 100k
15. Crossfield - down 150k.
16. BNP (4) - up 1 million.
17. Paul (retail) - same.
18. Jeff (retail) - Little sell
19. David (retail) - same
20. The Stardust Super Fund - same.

So in the top 20 alone there was an addition of about 26 million shares bought (not including LDA's entry). This is positive.

Lots of retail in the top 50. I did a few Google searches on some of them. Just seem like ordinary hard working folks mostly (not naming names). Two I found had an engineering background like @Diogenese .
It will be interesting if they include the top 50 next time and see the sentiment down there after the AGM and the next quarterly.

Fair enough to those who need to vent. We will get there... One day.

 

[Esq.111]

Evening GazDix ,

Sterling effort .

I too noticed holder No.4...... Anil Mankar.



Regards ,
Esq.

 

[Frank Zappa]

It's been eating me up all day, so to highlight the arrogance/ignorance of some posters, see the below lists.
Anyone self-righteous enough to vote no should also note that Sean Hehir will not be required to be re-elected, so if all of your blame is directed at him, enjoy seeing your portfolio get hammered whilst the company is run the same way as before...wait...isn't that what you're already upset about anyway?

The 1st being leaders who you are suggesting don't warrant their remuneration.
People who you suggest should work harder and for less money, or replace them with someone less qualified who'll take less money?
Definitely sounds like a great idea to incentivise them to sell more IP.

The 2nd being the board who you would smugly either vote to spill; as a middle-finger-gesture, or truly want to see replaced.
I assume you all have similar or greater experience in the industry. Can you offer a suggestion for better candidates and what they can SPECIFICALLY implement to force prospects to buy Brainchip IP?


Leaders:

Sean Hehir​

CEO
Mr. Hehir has managed large global teams and been responsible for explosive revenue growth for global enterprise organizations such as Compaq and HP, as well as smaller, fast-growing companies like Fusion-io. Hehir is industry-recognized as a builder of trusted Strategic Alliances across diverse partners such as Systems Integrators, ISVs, and OEMs. He received his BS from the University of Massachusetts and MBA from Georgia State University.

Anil Mankar​

Chief Development Officer
Anil Mankar has spent 40 years developing products in the semiconductor industry. At Western Digital, Mr. Mankar developed PC core Logic chipsets. During his years at Conexant Systems Inc. in the position of VP of Engineering, he developed multiple products across industry segments and later became the company’s Chief Development Officer overseeing all product development for V92 Modem, DSL, Set-top boxes, PC audio, and video ‘System on a Chip’ products. Mr. Mankar was SVP of VLSI Engineering at Mindspeed Technologies, responsible for Wireless and VOIP infrastructure product development.

Ken Scarince​

Chief Financial Officer
Mr. Scarince most recently served as a consultant at 8020 Consulting, working on all aspects of finance at a variety of companies globally. Previously Mr. Scarince served as Controller at Virgin Galactic and Vice President of Finance and Chief Accounting Officer at Virgin America. He began his career as a senior auditor at Deloitte and Touche. Mr. Scarince received his Bachelor’s Degree in Finance from Marquette University and his Masters Degree in accounting from the University of Wisconsin-Milwaukee.

Nandan Nayampally​

Chief Marketing Officer
Nandan Nayampally is an entrepreneurial executive with over 25 years of success in building or growing disruptive businesses with industry-wide impact. Nandan was most recently at Amazon leading the delivery of Alexa AI tools for Echo, FireTV and other consumer devices. Prior to that he spent more than 15 years at Arm Inc. including roles as GM developing Arm’s CPU and broader IP portfolio into an industry leader that is built into over 100B chips. He started his career at AMD on their very successful Athlon processor program. He also helped grow product lines in startup businesses such as Silicon Metrics and Denali Software which had successful acquisitions down the road.
Nandan has a B.Tech in Computer Science and Engg from the Indian Institute of Technology, Mumbai and an MA in Computer Science from the University of Texas at Austin.

Rob Telson​

Vice President of Ecosystems & Partnerships
Rob brings over 20 years of sales expertise in licensing intellectual property and selling EDA technology across multiple vertical markets. Rob has had success developing sales and support organizations at small, midsize, and large companies. At ARM, a global semiconductor and software design company, Mr. Telson was Vice President of Foundry Sales worldwide and prior was Vice President of Sales for the Americas. Most recently at Synopsys, he was responsible for building and developing a business focused on disruptive technologies in the semiconductor space. Rob holds a BS in political science from the University of Arizona and a Program for Leadership Development certificate from Harvard Business School.

Tony Lewis​

Chief Technology Officer
Dr. Tony Lewis is an executive, scientist and entrepreneur specializing in brain-inspired AI and robotics. Tony was Global Head of the Artificial Intelligence and Emerging Compute Lab at HP, Inc. At Qualcomm, Inc Tony headed Neuromorphic, Deep Learning and Robotics efforts. Tony has held faculty positions or held leadership positions at UCLA, UIUC, and the Univ. of Arizona. Tony holds a Doctor of Philosophy degree in Electrical Engineering from University of Southern California and a Bachelor of Science in Cybernetics/Applied Math from UCLA.

Steve Thorne​

Vice President of Sales
Steve Thorne is a senior sales and marketing executive with over 28 years’ experience in AI and Data Center solutions within Habana Labs and Intel Corporation. In his last role as Head of Global Sales for Habana Labs he spearheaded the successful launch and ramp of three innovative Habana Gaudi AI accelerator systems into the market. At Intel he held multiple leadership roles for the Intel Xeon processor family and led teams to deliver on more than 25 product introductions in top Hyperscale CSP, OEM and Enterprise accounts. Steve has a Bachelor of Science in Computer Science from Georgia Tech.

Todd Vierra​

Vice President of Customer Engagement
With over 27 years of Technical Sales Leadership experience, including 15+ years at ARM, Todd Vierra has led dynamic technical and support teams across diverse sectors, including Machine Learning, IoT, and automotive. Prior to this, he honed his skills in ASIC design and implementation. Vierra holds an MBA and a BSCE from Coleman University. Over the past 3 years at BrainChip, he has immersed himself in AI/ML, establishing himself as a technical leader in the industry.



Board:

Peter van der Made​

Peter van der Made has been at the forefront of computer innovation for 40 years. Mr. van der Made is the inventor of a computer immune system and founded vCIS Technology where he served as CTO and later Chief Scientist when it was acquired by Internet Security Systems and subsequently IBM.
Previously, he founded PolyGraphic Systems, and designed a high resolution, high-speed color Graphics Accelerator board and subsequent chip for IBM PC graphics. Mr. van der Made published a book, Higher Intelligence, which describes the architecture of the brain from a computer science perspective. Mr. van der Made designed the first generations of digital neuromorphic devices on which the Akida chip is based between 2004 and 2008, when he applied for a patent on this technology which was subsequently granted. He is actively involved in the design of the next generation of Akida chips and continues his research in advanced neuromorphic architectures.

Antonio J. Viana​

In addition to serving as the independent non-executive Chair of the Brainchip board of directors, Mr. Viana is also a non-executive Director of Arteris Inc., a leading provider of network-on-chip (NoC) interconnect and other SOC-Fabric intellectual property (IP). Mr. Viana also chairs the Nomination and Governance committee for Arteris Inc. and is a member of both the Audit and Renumeration committees. In 1999, Mr. Viana joined ARM Holdings, the global leader in semiconductor IP, serving in a number of leadership positions, most notably as the Global Director of the ARM Foundry Program and President of Commercial and Global Development. He was appointed to the ARM executive team as Executive VP of worldwide sales in 2008. At the beginning of 2013, his executive duties were expanded to include all of commercial and global development. Mr. Viana has also worked with Hughes Aircraft, Silicon Graphics, Encore Industries and was Senior VP of worldwide sales at Tensilica Inc. Most recently, Mr. Viana served as the Executive Chairman of QuantalRF AG, an emerging Swiss RF semiconductor company developing transformative wireless communication solutions.

Pia Turcinov AM​

Ms. Turcinov is the Chair of the Remuneration and Nominations Committee. In 2023, Ms. Turcinov was recognized for her significant service to technology and innovation, and to women in STEM, by the award of Member (AM) in the General Division of the Order of Australia. With a focus on opportunities which innovation, technology and diversification offer, Ms. Turcinov has 30 years experience across private, not-for-profit and government sectors. Commencing her career as a corporate lawyer, Ms. Turcinov, later practiced commercial law in Western Australia. Her career progression evolved from legal advisor to commercial director, holding both senior-level positions and providing leadership and governance as a company director across a wide-range of businesses. She has also facilitated innovation through a number of State and Federal Government initiatives. Ms. Turcinov shares her expertise as an advisor, mentor and facilitator, as well as a keynote speaker on topics relating to future skills, innovation, diversity and STEM. As the mother of three daughters, she remains an ever-enthusiastic champion for diversity, equality and enabling female entrepreneurship. Ms. Turcinov was awarded the 2018 Excellence in Gender Equity Promotion Award by the United Nations Association of Australia (WA Division) Inc. In 2023, Pia was recognized for her significant service to technology and innovation, and to women in STEM, by the award of Member (AM) in the General Division of the Order of Australia.

Duy-Loan Le​

Ms. Le has a remarkable professional history, both technologically and in executive management, having retired from Texas Instruments (TI) as a Senior Fellow after 35 years. While at TI, she led the global R&D, manufacturing operation and high-volume production of TI’s multi-billion-dollar memory, DSP, and base station product lines. Ms. Le holds 24 patents and serves on the board of two universities. In addition to BrainChip, she currently serves on the boards of Wolfspeed, National Instruments, Ballard Power Systems and Atomera. She was inducted into Women in Technology Hall of Fame and became the first engineer to be inducted into Asian Hall of Fame. She received numerous recognitions for her philanthropic contributions worldwide, including Congressional Special Recognition. Ms. Le serves on the BrainChip board as a non-executive director and is a member of the Audit & Risk and Remuneration & Nominations Committees.

Thankyou . Great post . Should help alot here out there thoughts into a better perspective .

 

[DK6161]

It's been eating me up all day, so to highlight the arrogance/ignorance of some posters, see the below lists.
Anyone self-righteous enough to vote no should also note that Sean Hehir will not be required to be re-elected, so if all of your blame is directed at him, enjoy seeing your portfolio get hammered whilst the company is run the same way as before...wait...isn't that what you're already upset about anyway?

The 1st being leaders who you are suggesting don't warrant their remuneration.
People who you suggest should work harder and for less money, or replace them with someone less qualified who'll take less money?
Definitely sounds like a great idea to incentivise them to sell more IP.

The 2nd being the board who you would smugly either vote to spill; as a middle-finger-gesture, or truly want to see replaced.
I assume you all have similar or greater experience in the industry. Can you offer a suggestion for better candidates and what they can SPECIFICALLY implement to force prospects to buy Brainchip IP?


Leaders:

Sean Hehir​

CEO
Mr. Hehir has managed large global teams and been responsible for explosive revenue growth for global enterprise organizations such as Compaq and HP, as well as smaller, fast-growing companies like Fusion-io. Hehir is industry-recognized as a builder of trusted Strategic Alliances across diverse partners such as Systems Integrators, ISVs, and OEMs. He received his BS from the University of Massachusetts and MBA from Georgia State University.

Anil Mankar​

Chief Development Officer
Anil Mankar has spent 40 years developing products in the semiconductor industry. At Western Digital, Mr. Mankar developed PC core Logic chipsets. During his years at Conexant Systems Inc. in the position of VP of Engineering, he developed multiple products across industry segments and later became the company’s Chief Development Officer overseeing all product development for V92 Modem, DSL, Set-top boxes, PC audio, and video ‘System on a Chip’ products. Mr. Mankar was SVP of VLSI Engineering at Mindspeed Technologies, responsible for Wireless and VOIP infrastructure product development.

Ken Scarince​

Chief Financial Officer
Mr. Scarince most recently served as a consultant at 8020 Consulting, working on all aspects of finance at a variety of companies globally. Previously Mr. Scarince served as Controller at Virgin Galactic and Vice President of Finance and Chief Accounting Officer at Virgin America. He began his career as a senior auditor at Deloitte and Touche. Mr. Scarince received his Bachelor’s Degree in Finance from Marquette University and his Masters Degree in accounting from the University of Wisconsin-Milwaukee.

Nandan Nayampally​

Chief Marketing Officer
Nandan Nayampally is an entrepreneurial executive with over 25 years of success in building or growing disruptive businesses with industry-wide impact. Nandan was most recently at Amazon leading the delivery of Alexa AI tools for Echo, FireTV and other consumer devices. Prior to that he spent more than 15 years at Arm Inc. including roles as GM developing Arm’s CPU and broader IP portfolio into an industry leader that is built into over 100B chips. He started his career at AMD on their very successful Athlon processor program. He also helped grow product lines in startup businesses such as Silicon Metrics and Denali Software which had successful acquisitions down the road.
Nandan has a B.Tech in Computer Science and Engg from the Indian Institute of Technology, Mumbai and an MA in Computer Science from the University of Texas at Austin.

Rob Telson​

Vice President of Ecosystems & Partnerships
Rob brings over 20 years of sales expertise in licensing intellectual property and selling EDA technology across multiple vertical markets. Rob has had success developing sales and support organizations at small, midsize, and large companies. At ARM, a global semiconductor and software design company, Mr. Telson was Vice President of Foundry Sales worldwide and prior was Vice President of Sales for the Americas. Most recently at Synopsys, he was responsible for building and developing a business focused on disruptive technologies in the semiconductor space. Rob holds a BS in political science from the University of Arizona and a Program for Leadership Development certificate from Harvard Business School.

Tony Lewis​

Chief Technology Officer
Dr. Tony Lewis is an executive, scientist and entrepreneur specializing in brain-inspired AI and robotics. Tony was Global Head of the Artificial Intelligence and Emerging Compute Lab at HP, Inc. At Qualcomm, Inc Tony headed Neuromorphic, Deep Learning and Robotics efforts. Tony has held faculty positions or held leadership positions at UCLA, UIUC, and the Univ. of Arizona. Tony holds a Doctor of Philosophy degree in Electrical Engineering from University of Southern California and a Bachelor of Science in Cybernetics/Applied Math from UCLA.

Steve Thorne​

Vice President of Sales
Steve Thorne is a senior sales and marketing executive with over 28 years’ experience in AI and Data Center solutions within Habana Labs and Intel Corporation. In his last role as Head of Global Sales for Habana Labs he spearheaded the successful launch and ramp of three innovative Habana Gaudi AI accelerator systems into the market. At Intel he held multiple leadership roles for the Intel Xeon processor family and led teams to deliver on more than 25 product introductions in top Hyperscale CSP, OEM and Enterprise accounts. Steve has a Bachelor of Science in Computer Science from Georgia Tech.

Todd Vierra​

Vice President of Customer Engagement
With over 27 years of Technical Sales Leadership experience, including 15+ years at ARM, Todd Vierra has led dynamic technical and support teams across diverse sectors, including Machine Learning, IoT, and automotive. Prior to this, he honed his skills in ASIC design and implementation. Vierra holds an MBA and a BSCE from Coleman University. Over the past 3 years at BrainChip, he has immersed himself in AI/ML, establishing himself as a technical leader in the industry.



Board:

Peter van der Made​

Peter van der Made has been at the forefront of computer innovation for 40 years. Mr. van der Made is the inventor of a computer immune system and founded vCIS Technology where he served as CTO and later Chief Scientist when it was acquired by Internet Security Systems and subsequently IBM.
Previously, he founded PolyGraphic Systems, and designed a high resolution, high-speed color Graphics Accelerator board and subsequent chip for IBM PC graphics. Mr. van der Made published a book, Higher Intelligence, which describes the architecture of the brain from a computer science perspective. Mr. van der Made designed the first generations of digital neuromorphic devices on which the Akida chip is based between 2004 and 2008, when he applied for a patent on this technology which was subsequently granted. He is actively involved in the design of the next generation of Akida chips and continues his research in advanced neuromorphic architectures.

Antonio J. Viana​

In addition to serving as the independent non-executive Chair of the Brainchip board of directors, Mr. Viana is also a non-executive Director of Arteris Inc., a leading provider of network-on-chip (NoC) interconnect and other SOC-Fabric intellectual property (IP). Mr. Viana also chairs the Nomination and Governance committee for Arteris Inc. and is a member of both the Audit and Renumeration committees. In 1999, Mr. Viana joined ARM Holdings, the global leader in semiconductor IP, serving in a number of leadership positions, most notably as the Global Director of the ARM Foundry Program and President of Commercial and Global Development. He was appointed to the ARM executive team as Executive VP of worldwide sales in 2008. At the beginning of 2013, his executive duties were expanded to include all of commercial and global development. Mr. Viana has also worked with Hughes Aircraft, Silicon Graphics, Encore Industries and was Senior VP of worldwide sales at Tensilica Inc. Most recently, Mr. Viana served as the Executive Chairman of QuantalRF AG, an emerging Swiss RF semiconductor company developing transformative wireless communication solutions.

Pia Turcinov AM​

Ms. Turcinov is the Chair of the Remuneration and Nominations Committee. In 2023, Ms. Turcinov was recognized for her significant service to technology and innovation, and to women in STEM, by the award of Member (AM) in the General Division of the Order of Australia. With a focus on opportunities which innovation, technology and diversification offer, Ms. Turcinov has 30 years experience across private, not-for-profit and government sectors. Commencing her career as a corporate lawyer, Ms. Turcinov, later practiced commercial law in Western Australia. Her career progression evolved from legal advisor to commercial director, holding both senior-level positions and providing leadership and governance as a company director across a wide-range of businesses. She has also facilitated innovation through a number of State and Federal Government initiatives. Ms. Turcinov shares her expertise as an advisor, mentor and facilitator, as well as a keynote speaker on topics relating to future skills, innovation, diversity and STEM. As the mother of three daughters, she remains an ever-enthusiastic champion for diversity, equality and enabling female entrepreneurship. Ms. Turcinov was awarded the 2018 Excellence in Gender Equity Promotion Award by the United Nations Association of Australia (WA Division) Inc. In 2023, Pia was recognized for her significant service to technology and innovation, and to women in STEM, by the award of Member (AM) in the General Division of the Order of Australia.

Duy-Loan Le​

Ms. Le has a remarkable professional history, both technologically and in executive management, having retired from Texas Instruments (TI) as a Senior Fellow after 35 years. While at TI, she led the global R&D, manufacturing operation and high-volume production of TI’s multi-billion-dollar memory, DSP, and base station product lines. Ms. Le holds 24 patents and serves on the board of two universities. In addition to BrainChip, she currently serves on the boards of Wolfspeed, National Instruments, Ballard Power Systems and Atomera. She was inducted into Women in Technology Hall of Fame and became the first engineer to be inducted into Asian Hall of Fame. She received numerous recognitions for her philanthropic contributions worldwide, including Congressional Special Recognition. Ms. Le serves on the BrainChip board as a non-executive director and is a member of the Audit & Risk and Remuneration & Nominations Committees.

All these great names by SFA revenue .

Oh well, let's move on.
I want to hear what Sean and management have to say this time.

 

[CHIPS]

Evening Chippers,

After looking over a few numbers today , on lack there of , have noticed something..

Before I get started , Anil Mankar ( the chip ) , OBVIOUSLY needs to stay.
We both have lack of hair if nothing else.

According to the 28/4/2024 top 50 shareholders , list graciously provide by management, Obviously to take our minds off the the bigger picture.

Point 1, This relates to management & disclosure of what KMP...( Anil M. In this case ) are up to .
Enveloped over the entire board & KMP ...strategic people and more so when thay ( Anil ) are the 4th largest shareholder on the registry , albeit under 5%.
Would appear, after review of the Ann Report there is a error .....numbers do not gell.

Page 23 Ann Report. The shares held by Anil Mankar , held under Merrill Lynch (Aust) Nominees Pty Ltd on behalf of Mr Mankar......do not tally .

Page 23 , holds 84, 999,833 shares.
Page 69 , holds 86,833,100 shares .
Discrepancy of 1, 833,265 shares.

Apparently HLB Mann Judd WA, are our Auditors and only received $59,260.00 USD to vett the books on behalf of shareholders.



Point 2, If we take the top shareholders list supplied in the Annual Report , accounts up to December 2023, followed by the top shareholders list as of 28th April 2024 , would appear Anil Mankar has offloaded a few ..... without manigement informing the the market ????
Granted Anil only controls 4.163 % ( as of 28.4.2023 ) of stock in this circus, or the 4th largest shareholder.....

Anil's shares.

31st Jan 2024 , held 86,833,100 shares fully paid , according to the Ann. Report ...page 69.

28th April 2024 , held 76,842,009 shares according to the list today, top 50 holders.

Would appear Anil has offloaded 9,991,091 shares in the last three months.
Without disclosure to the market ???????

If anyone can be bothered, please send the above to Fact Finder, don't savey email nor wish to.


Regards,
Esq.

I would not be surprised if the figures were wrong/the report contained mistakes. Why should BRN do something without mistakes all of a sudden? What surprise me is that the auditor did not see it. It is their job to look for mistakes!

I do not dare to think about Anil selling stocks without informing the market . That would be a desaster!!!

 

[Dugnal]

I would not be surprised if the figures were wrong/the report contained mistakes. Why should BRN do something without mistakes all of a sudden? What surprise me is that the auditor did not see it. It is their job to look for mistakes!

I do not dare to think about Anil selling stocks without informing the market . That would be a desaster!!!

Anil could have just moved them to another bank ..

 

[Fullmoonfever]

Evening Chippers,

After looking over a few numbers today , on lack there of , have noticed something..

Before I get started , Anil Mankar ( the chip ) , OBVIOUSLY needs to stay.
We both have lack of hair if nothing else.

According to the 28/4/2024 top 50 shareholders , list graciously provide by management, Obviously to take our minds off the the bigger picture.

Point 1, This relates to management & disclosure of what KMP...( Anil M. In this case ) are up to .
Enveloped over the entire board & KMP ...strategic people and more so when thay ( Anil ) are the 4th largest shareholder on the registry , albeit under 5%.
Would appear, after review of the Ann Report there is a error .....numbers do not gell.

Page 23 Ann Report. The shares held by Anil Mankar , held under Merrill Lynch (Aust) Nominees Pty Ltd on behalf of Mr Mankar......do not tally .

Page 23 , holds 84, 999,833 shares.
Page 69 , holds 86,833,100 shares .
Discrepancy of 1, 833,265 shares.

Apparently HLB Mann Judd WA, are our Auditors and only received $59,260.00 USD to vett the books on behalf of shareholders.



Point 2, If we take the top shareholders list supplied in the Annual Report , accounts up to December 2023, followed by the top shareholders list as of 28th April 2024 , would appear Anil Mankar has offloaded a few ..... without manigement informing the the market ????
Granted Anil only controls 4.163 % ( as of 28.4.2023 ) of stock in this circus, or the 4th largest shareholder.....

Anil's shares.

31st Jan 2024 , held 86,833,100 shares fully paid , according to the Ann. Report ...page 69.

28th April 2024 , held 76,842,009 shares according to the list today, top 50 holders.

Would appear Anil has offloaded 9,991,091 shares in the last three months.
Without disclosure to the market ???????

If anyone can be bothered, please send the above to Fact Finder, don't savey email nor wish to.


Regards,
Esq.

If I understand correctly, the ultimate responsibility lies with the individual Director under ASX rules. S205G

HERE

As you note there is a slight difference in the totals in the Ann Report of about 1.8 mill or so under Merrill.

In note (1) under the table they advise what his total is of the overall total. The diff would appear to not be his.

What's a couple mill between friends though

That being the case and given that Anil is under the 5% sub holding rule, maybe he personally was not aware that "any" change needed notification, not just Sub Holder notices, relying on advice, or lack thereof of his Broker or the Corp Sec?

Not to condone the action, if having sold is correct.

Though personally, the "amount" offloaded doesn't faze me given how much he could've offloaded.

 

[Kachoo]

Anil could have just moved them to another bank ..

Even if he sold 10 million whats the big deal he still holds 76 million he will be fine. Maybe he wanted to upgrade his house renovate by the missus something daughter getting married gift house who knows.

That's basicly 2 million. USD so you have tax what are you left with 1.2 million ? Hardly a bail just spending some of his money.

The likely hood is he sold he is also under 5% so I doubt he needs to report now too not sure on the Australian laws!

 

[Fullmoonfever]

Another one to add! View attachment 59138 View attachment 59139

Just on OHB Hellas.

Was doing my usual random searches and a current ESA project popped up that only started the beginning of March...about the time of OHBs little reveal of playing with Akida.

Is in our space / satellite realm which appears to have a bit of interest these days

Coincidence or will they be progressing with Akida within the project as well...early days.

LEO-DIVE

Our mission is to connect Europe. We join engineers, entrepreneurs and investors to forge strong links between institutions, industries, and businesses.

connectivity.esa.int

LEO-DIVERobust LEO Multi-Satellite DIVErsity Techniques For Enhanced User Terminal Performance​

• System/ Network/ Protocols

• Status
  Ongoing
• Status date
  2024-04-18

Objectives
LEO-DIVE objective is to design, develop and verify via a system testbed (STB) multi-satellite (≥2) diversity technique applicable to large LEO constellations to combat the detrimental effects such as shadowing, multipath fading and channel blockage events. Specifically, the Multi-Satellite Diversity Techniques (MDTs) are expected to improve the achievable peak data rate and the link outage probability at the UTs when at least two satellites are in visibility.
The STB is designed and implemented to exploit the multi-satellite diversity techniques and to test them in various system and channel scenarios, including:

• Low frequency band scenarios (e.g., S-band) with omni-directional antennas;
• High frequency band scenarios (e.g., Ka-Band) with high-gain multi-beam ground terminals

The proposed switching diversity techniques are expected to be investigated for both forward (FWD) and return (RTN) links and adapted to the 5G NR NTN specification as proposed by 3GPP (Rel. 17 FR1, and Rel. 18 FR2).

Prime Contractor​

University of Thessaly​

Greece
https://www.uth.gr/en

Subcontractors​

OHB Hellas Single Member L.L.C​

Greece
https://www.ohb-hellas.gr/

 

[Fullmoonfever]

Just on OHB Hellas.

Was doing my usual random searches and a current ESA project popped up that only started the beginning of March...about the time of OHBs little reveal of playing with Akida.

Is in our space / satellite realm which appears to have a bit of interest these days

Coincidence or will they be progressing with Akida within the project as well...early days.

LEO-DIVE

Our mission is to connect Europe. We join engineers, entrepreneurs and investors to forge strong links between institutions, industries, and businesses.

connectivity.esa.int

LEO-DIVERobust LEO Multi-Satellite DIVErsity Techniques For Enhanced User Terminal Performance​

• System/ Network/ Protocols
• Status
  Ongoing
• Status date
  2024-04-18

Objectives
LEO-DIVE objective is to design, develop and verify via a system testbed (STB) multi-satellite (≥2) diversity technique applicable to large LEO constellations to combat the detrimental effects such as shadowing, multipath fading and channel blockage events. Specifically, the Multi-Satellite Diversity Techniques (MDTs) are expected to improve the achievable peak data rate and the link outage probability at the UTs when at least two satellites are in visibility.
The STB is designed and implemented to exploit the multi-satellite diversity techniques and to test them in various system and channel scenarios, including:

• Low frequency band scenarios (e.g., S-band) with omni-directional antennas;
• High frequency band scenarios (e.g., Ka-Band) with high-gain multi-beam ground terminals

The proposed switching diversity techniques are expected to be investigated for both forward (FWD) and return (RTN) links and adapted to the 5G NR NTN specification as proposed by 3GPP (Rel. 17 FR1, and Rel. 18 FR2).

Prime Contractor​

University of Thessaly​

Greece
https://www.uth.gr/en

Subcontractors​

OHB Hellas Single Member L.L.C​

Greece
https://www.ohb-hellas.gr/

Sub Contractor on this one as well with Satcoms which only started in Sept 23.

ACROSS-AIR

Our mission is to connect Europe. We join engineers, entrepreneurs and investors to forge strong links between institutions, industries, and businesses.

connectivity.esa.int

ACROSS-AIRAdvanced Broadband Satcom Solutions For Rotary Wing Aircraft​

• Satellite Integration in terrestrial system

• Status
  Ongoing
• Status date
  2024-03-07
• Activity Code
  AB.XYZ

Objectives
The objectives can be summarized as follows:

• Identify satcom needs of rotary wing aircraft markets and compare the needs against emerging capabilities from advanced novel technologies;
• Explore technical challenges in the application of satellite connectivity at this type of aircrafts;
• Define high-level requirements to accomplish efficient satellite connectivity, in particular examining a set of representative scenarios and use-cases;
• Perform a system level modelling, simulation and analysis to examine potential E2E architectures; and,
• Assess the outcomes of the previous analysis in order to identify the current technical and non-technical gaps and propose a related roadmap for the future.

 

[Frangipani]

Akida Edge AI Box shipment dates to be communicated by tomorrow, according to https://shop.brainchipinc.com/products/akida™-edge-ai-box

 

[Pom down under]

So why is Sean saying watch the financials since 2023

Maybe he took the job on like we all invested in the comany and truly believed it’s going to be everywhere and everybody will implement it. But when it’s come to getttjng things across the line it a lot harder than he thought it was going to be. Hence why we still see nothing in the financials, or like many say here that money will start coming in the end of the year onwards, but it was sure a brave comment that I think he may have ducked up.

 

[DingoBorat]

Why we are still at this level? Of curse because we have still no gains. Of curse everyone wish we would be at 20000 dollars per share but we are not! But i invested in brainchip when we had nothing than dreams and a mascot as a robot. We was asked by the board which design the box of the product they should use. And we was happy like little children those days. Now we made such big steps and our ecosystem and partners are big players! I would never sell or vote against the team (which anyway would make no sense to change it positively) just because of the actual situation. We reached a lot if you looking back until now. No negative news… products are amazing. I’m talking only for my self because you asked me. I better loose all my invest, then selling and watching how it’s rising after my decision. Second, why not selling and buying lower? It’s to risky in my opinion. If it goes down, I can load up… that’s all good night!

Are you hinting that BrainChip is cursed ..

 

[Pom down under]

Indeed questions on Megachip or Renesas ,Arm, Intel haven’t been discussed in any depth which I think can and should be without breaking any rules of NDAs.
It helps with moral of holders.
How can a CEO be breaking NDAs when all he says is yes we are still engaged with them and as you all know they sell to these companies and we are diligently working through their designs for various products but can’t give you details
Rather than no comment can be made due to NDAs. I am a long term shareholder and believe this type of request is very fair indeed
It’s all about communication which keeps the belief we are being looked after.

Sean when us shareholders try and get our say over

 

[cosors]

My condensed thought for today

 

[DingoBorat]

Maybe he took the job on like we all invested in the comany and truly believed it’s going to be everywhere and everybody will implement it. But when it’s come to getttjng things across the line it a lot harder than he thought it was going to be. Hence why we still see nothing in the financials, or like many say here that money will start coming in the end of the year onwards, but it was sure a brave comment that I think he ma have ducked up.

With the "Watch the Financials" statement by Sean, people seem to have short memories, in regards to what happened in the World after..

Like Putin invading Ukraine, after years of the US, pushing the boundaries of NATO, closer and closer to Russia.

These events had huge impacts on economies around the World, with steep interest rates rises, not seen in years (although still relatively low, they are high for the economic health of Western countries).

This affected business around the World, many businesses cut staff and it affected BrainChip's business (Ericsson being the likely candidate, for the IP deal that was shelved, although the relationship continues).

These are not "excuses" does anybody think it's easy to get New Technology adopted, in these conditions??


Thankfully, the World business environment, although still not on solid ground, is now moving forward again, especially in the areas of A.I.

 

[Pom down under]

With the "Watch the Financials" statement by Sean, people seem to have short memories, in regards to what happened in the World after..

Like Putin invading Ukraine, after years of the US, pushing the boundaries of NATO, closer and closer to Russia.

These events had huge impacts on economies around th World, with steep interest rates rises, not seen in years (although still relatively low, they are high for the economic health of Western countries).

This affected business around the World, many businesses cut staff and it affected BrainChip's business (Ericsson being the likely candidate, for the IP deal that was shelved, although the relationship continues).

These are not "excuses" does anybody think it's easy to get New Technology adopted, in these conditions??


Thankfully, the World business environment, although still not on solid ground, is now moving forward again, especially in the areas of A.I.

We will see if it’s moving forward now when we managed to get any of these many partnerships across the line in the near future.