Well i might as well add in my 2 cents seeing how thats what everyone else is doing!!!
If i could just vote to get rid of the CEO I would be a happy chappy. I like the rest of the board i just cant stand Sean...
Last year at the AGM in Sean's address he said the following:
"As I stood before you last year, just a few months into the role as CEO, I already had determined that radical changes needed to take place in our sales effort. Our processes needed vast improvement, our sales talent wasn’t appropriate for this market, and our coverage was limited geographically. Over the course of the year, I have brought on a new veteran sales leader, retooled, or replaced existing sales personnel and expanded our coverage to a much broader US presence and international coverage including Korea, Japan, and Europe."
So these radical changes resulted in what? Rob TELSON being moved sideways (or retooled) to another role and veteran sales leader Chris STEVENS being hired..... Well Chris STEVENS was a flop and we were not even told he quit/got fired until somebody messaged Tony after somebody else on here found his Linkdin had changed......
The other thing that annoys me is he is literally stating he come to the company and identified the sales team was crap and needed changing. The same sales team that sold 2 IP contracts which is an amazing effort if you also take into consideration Seans other bold statement about Brainchip when he arrived, That being:
"As we engaged with prospects in the first half of the year, we heard consistent feedback from virtually all engagements, which was while Akida 1.0 was, and is, at leadership levels of performance and power, the addressable number of uses cases was arguably narrow and targeted in places where existing “good enough” solutions were already in place. We simply were not going to be successful with the Version 1 product."
So upon reflection we simply were not going to be successful with version 1 of Akida and we needed a new sales team to sell the next version.
So in one corner of the ring we have Rob Telson with a pretty average sales team, a narrow product that landed two IP deals and also got partnerships with Mercedes, NASA, Ford, Socionext to name a few.
In the other corner with have Sean HEHIR, who is onto his second head of sales, has had the 2nd generation chip available to EAPs since March 2023 and general availability since October 2023 but no IP Contracts..
So what has Sean added, The Ecosytem seems to be what he hangs his hat on along with the 2nd generation chip. I would argue we already had an ecosystem before he arrived because Louis DiNardo stated we had around 100 NDAs. Then Sean said in a recent interview that it takes "
several months to a year for a customer to make a decision once they have our IP". The second generation chip has been in the hands of EAPs for 13 months and general availibility for 7 months.....
In my opinion Sean has been a failure as our CEO.
ill leave you with the following quote from the end of his address at last years AGM:
Commercially, we finally have the team and processes in place to engage broadly and deeply.
We will aggressively market, partner and sell globally over the next 12 months; and while the transformation will never fully complete, it has put us in a much better position to win engagements.
Euks
Hi Euks,
Your comments I consider to be fair, as this is what this forum is all about, to be as balanced as possible, both positive and negative, your
post contains fact and opinion, which I think is also fair.
My view is that Sean, as a new CEO is basically halfway through his original 5 year business plan, we simply aren't privy to what's bubbling
under the surface, I could ask Peter or Anil how they rate Sean's performance/work ethic to date, but that would be totally disrespectful.
2 years ago I reviewed my own investment and came to the conclusion that by January 2025 I would feel totally at ease to make a performance
judgement call, that's still 8 months off and I am confident that my patience will be rewarded, not massively, but a new trend will be visible on
the revenue front.
Reading all the comments about our first quarter, jumping straight to the cash receipts when the results were published yesterday, yes I was
disappointed like you all, but my heart was telling me, I knew the answer all along, it's "just too early" as hard as it is to accept that fact, it's the
truth.
Is the company to blame, absolutely not, they are working as hard as ever, I know they are, can I convince you or others, no I can't.
Just think about when the 2 IP contracts were solidified, over 3 years ago approximately and how many products have been released to date
by these giants ? is that the Brainchip teams fault ? absolutely not, it's the process that is being played out in front of us in real-time !
If every retail shareholder had sold out at above $2.00 this conversation wouldn't be taking place, most of us would be in the top 50 after having
bought back in at 0.14 (obviously sarcasm)...as I was fully aware of, Peter was never planning on selling any shares when he retired, the individuals and I mean the key individuals will see this through to the end.
This talk about a 2nd strike really upsets me, it is reactionary, emotionally driven, possibly people with agendas, but I can only say to this
forum that, I personally know a number of our key staff, they aren't sharks, lifestyle low life's, but dedicated, hardworking professionals all
driven, trying to make a difference, a positive difference....the progress over the last 2 years is way greater than you realize, this technology
is proof that Peter was/is way ahead of the mob, a vote to remove the directors now would be a grave mistake in my opinion, you would be
playing into the hands of the devil....that's the dark, empty reality...stick with us, we will prove successful.
Tech.
P.S. Hope the Perth Akida Boys have a nice night tomorrow enjoying each others company over a few beers, keep the chins up guys, the
company will deliver, despite the marathon we are enduring...love Tech 
..
