Smoothsailing
Regular
It’s A big learning curve for Sean as a CEO yet hopefully he now sees the importance to shareholders on your point on NDAs and more information required
BRN Discussion Ongoing
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Wickedwolf
Regular
If Investor Relations were adequately doing their job, or if any level of transparency was provided as regards company progress or the contributions of the various Directors then there would be no risk of a 2nd strike but there is no transparency so the risk is high
Pom down under
Top 20
db1969oz
Regular
In my mind they have also lost track of just how important
In my opinion, at this stage of the BRN commercialisation journey, they have lost some site of just how important us investors and shareholders are! Until the company is well and truly cash flow positive, us investors are the only only chance of survival and making it they company have. If there is no incentive for us to stay invested in the short, medium term, then they will be in financial trouble. So just as important as it is to progress with partners and the plans they are implementing, it's just as important to give shareholders and investors incentives to stay with them.
GDJR69
Regular
I have voted for the remuneration packages and against a strike at the AGM (I believe this would be detrimental to the company).
However, I am disappointed that since the last AGM and many months after the release of Akida 2.0 we have not had another IP deal or any commercial deal with revenue attached. I would like to know why given the game changing product the company has.
I would also like to hear more from Sean about what the pathway to profit is and what is the likely timeframe at this point.
If possible, I would also like to know how many of the ecosystem partners are actively working on developing products and how we will be remunerated for that and how our IP is protected in that scenario.
Finally, after all the talk about Renesas and Megachips bringing out products by the end of last year, what happened to that?
I sincerely hope Sean can and will address these issues.
Regards
However, I am disappointed that since the last AGM and many months after the release of Akida 2.0 we have not had another IP deal or any commercial deal with revenue attached. I would like to know why given the game changing product the company has.
I would also like to hear more from Sean about what the pathway to profit is and what is the likely timeframe at this point.
If possible, I would also like to know how many of the ecosystem partners are actively working on developing products and how we will be remunerated for that and how our IP is protected in that scenario.
Finally, after all the talk about Renesas and Megachips bringing out products by the end of last year, what happened to that?
I sincerely hope Sean can and will address these issues.
Regards
Id be thinking Antonio Viana when he gets up before the AGM and states .... We do things differently in the US.
toasty
Regular
All jokes aside, I've thought that we suffer from that problem for a long while now...........
Other than the initial sale of shares (IPO/SPP), the company gets no money from shares traded on the open market. It is true that the SP does affect the number of shares to be issued to raise cash, as well as the value of their personal shareholding, but effectively shares bought on the open market are, in the finest capitalist traditions, largely parasitic - extracting value from the company for almost no contribution to the company,
A much more sensible system would be for a small percentage of share sales to be returned to the company. Having become aware of the bot manipulation, I would add a transaction fee for sales under a specified value or a number of shares.
If you invested in a pre-revenue company, it may have been because you believed in the potential of the company. As with, for example, a pre-digging mining company, the DD would take into account the estimated future returns -
DFS,
how much ore,
ore quality,
capex,
opex,
predicted price,
time to market,
management capabilities, ...
or, like me, you could have bought in FOMO in 2018 when you just learned of the company and its amazing product and the fact that, the next week, PvdM was about to deliver a presentation to geeks in the US. which I was certain would trigger a stampede - not a sausage. (Every sausage has a silver lining - I was able to build on my original holding - even as the tech grew amazinger and amazinger).
The company has already been yellow-carded for kite-flying, and, with the long-term Nasdaq goal and customer NDAs at stake, cannot afFORD to transgress again.
The Pope
Regular
Just in case you were wondering who from BRN BOD / management team is attending the AGM in Sydney on Tuesday 21 May
Attending the AGM is Sean Hehir (CEO), Antonio Viana (Chairman), Peter van der Made (Director), Geoff Carrick (Non Executive Director), Pia Turcinov (Non Executive Director) and Dr Tony Lewis (Chief Technology Officer).
Assume anyone else from BRN may be attending via Zoom or similar.
Attending the AGM is Sean Hehir (CEO), Antonio Viana (Chairman), Peter van der Made (Director), Geoff Carrick (Non Executive Director), Pia Turcinov (Non Executive Director) and Dr Tony Lewis (Chief Technology Officer).
Assume anyone else from BRN may be attending via Zoom or similar.
Cirat
Regular
Firstly, I support the right for each shareholder to vote as they see appropriate.
In regards to my situation I intend to vote yes to all. I believe Sean has done an excellent job to date and is well and truly the driving force (relentless) behind making Brainchip a commercial success. He took over the helm of a company that definitely needed serious attention to succeed and has achieved great outcomes in a relatively short time frame - have all his decisions been spot on? I think not but overall yes. As a sidenote, the development/research side has always been beyond brilliant - congrats to Peter, Anil and team and going forward, Tony Lewis.
There are a minority of Board members that I feel are just filling seats but I accept I don't what they may be contributing in the background and can be discussed openly. However, for the continued stability of the company, I see this year as a pivotal year where distractions (Board Spill) are detrimental to us succeeding in the current timeframe / plan.
If the Board is spilled then for all the extra finances and time required to organise the EGM who is going to replace any or all of the current Board members? Sean is not affected by the spill vote although I do believe being a Board member and the CEO (as currently displayed on the Brainchip website) is not the way forward as I do see this as a conflict of interest.
In terms of bringing shareholders along the journey with Brainchip and keeping us updated on the now and long term financial goals I think this is the biggest area that is lacking and still needs attention.
GLTA
This is not financial advice, DYOR
FiveBucks
Regular
This aspect should not be underestimated. The lower the share price, the higher the dilution.
Smoothsailing
Regular
Brilliant, now let’s hope they read this forum and answer all the questions we ask of them without following the previous AGM responses with ….we can’t answer due to NDAs which we all know they can do better than that.
I do hope we hear a response of …yes,yes, yes and yes to all parties, that we are still involved and with regards to development and integration into products you will be seeing them available in the market world wide starting this YEAR.
I am personally expecting a good response.
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Worker122
Regular
I’m voting yes to all.
All involved would have to have their head in the sand to not know what is going on with Brainchip, so they have been watching for some time now.
The Brainchip team are also aware of how a lot of shareholders feel, so as a result of all of that some damage has been done on both sides and that is enough for me.
Not all that happy but I believe in the product.
All involved would have to have their head in the sand to not know what is going on with Brainchip, so they have been watching for some time now.
The Brainchip team are also aware of how a lot of shareholders feel, so as a result of all of that some damage has been done on both sides and that is enough for me.
Not all that happy but I believe in the product.
Veritas Capital bought Frontgrade Gaisler (and 44 others) technology companies with good potentials and grow them to become profitable, the below link shows their approach on how they select which company to buy and how they grow them into profitable company. So what do you think will happen after FG comes out with a AI enabled SoC with akida inside?
www.veritascapital.com
Veritas Capital | Driving Innovation in Mission-Critical Solutions
Veritas Capital invests in companies that provide critical products, services, and software to government and commercial customers worldwide.
www.veritascapital.com
Evening KKFoo ,
Great find.
This would be a great avenue for our Super Sleuths to bore into.
Quick look from myself reveals, The Carlyle Group back in 2015 bought Veritas , for a lazy $7.4 billion USD.
From memory, and it is hazey at times ....., The Carlyle Group is were ex us gov big wigs go after their gov stint.
Info & Contacts in the relevant departments.
Could be mistaken, it's ither The Carlyle Group or Halliburton I'm thinking of.
www.carlyle.com
Regards,
Esq.
Great find.
This would be a great avenue for our Super Sleuths to bore into.
Quick look from myself reveals, The Carlyle Group back in 2015 bought Veritas , for a lazy $7.4 billion USD.
From memory, and it is hazey at times ....., The Carlyle Group is were ex us gov big wigs go after their gov stint.
Info & Contacts in the relevant departments.
Could be mistaken, it's ither The Carlyle Group or Halliburton I'm thinking of.
The Carlyle Group Closes Veritas Acquisition | Carlyle
New Leadership to Focus on Product Innovation and Global Growth
www.carlyle.com
Regards,
Esq.
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Humble Genius
Regular
Can someone please tell me what Pia Turcinov has done for our company and why one would vote yes to re-elect her? I understand that we know very little about what some of the directors do, but all the others have been vocal in one form or another, and have at times been seen to discuss BRN in some sort of public sense. I have not seen anything from Pia about Brainchip, yet she does post and have a presence on Linkedin about many other topics, but not us.
Kachoo
Regular
I have reviewed her work history. She is lawyer and has alot of legal experience. In this business world it's really important to have this talent when working on deals and reviewing legal jargon. So yes we may not see all she does.
Look I'm not going to be for or against her actions. She does not promote BRN on social media yes but we really don not know what she does.
I questioned it myself and seeing her background I can see why she was picked. Networking is ever so critical in B2B sales.
Hope this help HG
https://brainchip.com/company/
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.
The work of the remuneration committee would be to some extent commercial-in-confidence as it would be unwise to let competitors see behind the curtain.
Clearly she is well regarded in the world of technology and innovation. Since she is from WA and involved in technology and innovation, it is not beyond the bounds of possibility that PvdM was involved in Ms Turcinov's appointment.
In my view, Peter is in a better position to assess her worth to the company than someone who is unfamiliar with her achievements and business connexions.
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