Just figured out what the capital raise is for.
Sean due to his 9million in bookings has had to have a wage increase to 9million per year to match, only fair right
To hedge against inflation and due to cost of living management and director have had to have a 23% increase in wages and bonuses
To retain Sales staff we have found through exit surveys have indicated they were sick of flying first class around the world to attend conferences and associated meetings we have decide to upgrade all future trips to business class and 5 star resorts.
As our business has grown expeditiously having moved from our offices in Perth to flee from angry shareholders, we moved to our expensive new offices in Sydney at great expence, we found that that did,nt work and the shareholders at our AGM,S were angrier, so again outlayed a couple more million we moved our office to the USA, hoping our shareholders would forget they actually owned shares.
We management that is,have further decided that our once a year jolly to meet our shorter mates needed a bit more pernazz so we really went the whole hog this year selling off shareholder shares at a discounted rate, but still the shorters we’re,nt happy with us so we have decided to give them all 100k worth of gifts and gratuities, thought we might give them a heap of old AKIDA products each as they were,nt selling for attending the meeting and a big bag to carry around all thier newly found wealth.They love us guys they really do! We had to keep them on our good side.
Then we worked out how much we had left for and decided we needed a new coffee machine for the office, really nice touch that was.
Ok so now moving forward to 2026, Shit we have run out of money. Fuck need another capital raise! Have to hit the shareholders up this time that bunch of suckers will plough money in again.
Now this is a far fetched way of seeing Brainchips quarterly directors meetings but as a shareholder sick of seeing all the bullshit and fluff might as well be the truth. DYOR and take this in the tongue and cheek it is intended,but hey if I’m gunna think management are fuck heads might as well go the whole hog. They sure are taking the piss out of us shareholders