BRN Discussion Ongoing

[Xhosa12345]

Wish they would list the kpis for the rsu's....couldnt see on first glance but on my phone atm.

Interesting few weeks coming up anyway, hopefully we have seen or will soon see the bottom of the sp. I know this charts for mining but it also seems relevant for techs... hopefully we are at bottom after first hump. Yes i know i have 97 tabs open, i promise theres no porn....

 

[HopalongPetrovski]

Maybe this in some way is designed to address some of the concerns being expressed here.
Below is extract from......

6. RESOLUTION 1 – REMUNERATION REPORT

"In 2022, the Company adopted a pay for performance approach, including a Short-Term Incentive Program (STIP) which was introduced across the Company to provide an incentive for all staff as the Company transitions to commercialisation of Akida. The 2022 STIP was based on the achievement of Company and individual performance targets.
In the latter half of 2022, the Company’s Long Term Incentive Program (LTIP) was updated with the implementation of a three-year LTIP to incentivize executives through performance metrics focused on bookings and the conversion of bookings to revenue. It is considered that the LTIP equity instruments provide eligible participants with the opportunity to participate in the future growth of the Company, providing a competitive incentive as the Company transitions to commercialisation of Akida."

 

[Damo4]

Maybe this in some way is designed to address some of the concerns being expressed here.
Below is extract from......

6. RESOLUTION 1 – REMUNERATION REPORT

"In 2022, the Company adopted a pay for performance approach, including a Short-Term Incentive Program (STIP) which was introduced across the Company to provide an incentive for all staff as the Company transitions to commercialisation of Akida. The 2022 STIP was based on the achievement of Company and individual performance targets.
In the latter half of 2022, the Company’s Long Term Incentive Program (LTIP) was updated with the implementation of a three-year LTIP to incentivize executives through performance metrics focused on bookings and the conversion of bookings to revenue. It is considered that the LTIP equity instruments provide eligible participants with the opportunity to participate in the future growth of the Company, providing a competitive incentive as the Company transitions to commercialisation of Akida."

Do you know if these will be new codes, or just updated rules for existing execs?

 

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[manny100]

Thanks for posting that tech girl. I found that the best thing I’ve seen here in a long time. Listening to Sean talk about ecosystem, and his experience with it really reaffirms to me how they are building this to have as far a reach as possible.
While I would like some individual licenses to to have been signed to help prop the SP a little more, this huge pool of companies all experimenting and complimenting each other’s technology, and the talk of using different foundries and silicon prove outs to guarantee its versatility suggests to me that once everyone figures out how they can all best compliment each other and in which form brainchip will be everywhere. I hope the 1500 and Gen 2 prove outs over the next 4-5 months is what gets the snowball rolling. But who knows it might be longer.

Sean said Gen 2 on track to be availble 3rd quarter this year, ie July to Sept He then said maybe a little earlier.
See Investor presentation.
By the AGM 23rd May we should get an encouraging update.

 

[jtardif999]

And how much? $5 or $10 million ain't going to cut it.

We are going to need significant revenue to justify our current market cap, let alone grow the share price. Which is why there are some, myself included, that are disappointed by the lack of license sales to date.

If the company’s revenue this year turns out to be in the order of 10 million then it will have doubled from last year which doubled from the year before. Continued doubling of revenue I think would make most share holders happy in the longer term. Companies that continue to double in revenue will turn into eventual behemoths. Where we all start our journey as shareholders shouldn’t matter in the long run if we have the patience and faith in the direction being taken. AIMO of course.

 

[HopalongPetrovski]

Do you know if these will be new codes, or just updated rules for existing execs?

As far as I can see it doesn't go into the mechanics of how it will be applied.

 

[DingoBorat]

Thnx @Bloodsy for posting
So, .............. looks like the LDA arrangement has finished for now.
So, .............. BRN recieved the $12.232 mil for an allocation of 20.75 mil shares @ $0.58 per share.
So, .............. are we to think the LDA arrangement finished COB yesterday ? ............ probably not as the s/p has been alot lower for some time now.
Surely LDA will tuck those shares away until we see at least a 10% premium on their $0.58 ........... ? (0.67) ?
Considering not all the shares were allocated, to me indicates LDA arrangement was completed early Jan 23 considering the s/p decline and BRN had set the floor price at $0.58. ( gotta be happy with that considering the s/p now )
Keen to hear from others if im on the right track with my thinking. ( BTW closest to the pin "DB " )

AKIDA BALLISTA

58.03 was the average, so the floor had to be a bit lower..
So I was probably bang on

Bought another coupla thousand shares today..

But this is short term, for gain or pain ..

 

[TECH]

Good morning,

Well there you go, the AGM documentation released as was to be expected plus the LDA Capital details released with some nice funds
deposited into our accounts.

Without getting too pedantic, the figures don't quite match up.

Obligation 15,000,000 AUD received to date 12,232,543 AUD outstanding by 31 December 2023 2,767,457 AUD (not 2.85 Million AUD)

12,232,543 AUD raised from the sale of 20,756,540 shares equates to 0.5893 per share not 0.5803 per share (approximately I can read)

Still quietly happy that 0.58 + was the final figure achieved, not as good as $2.34 but it's a lot better than 0.06c a few years ago !!

The company has once again listened, having Sean present twice now recently is important, he needs to been seen so it sends a positive
message, we already have our backroom guys and gals in the engine rooms around the globe, Sean is the face of the company, so lets
just for a minute acknowledge the company in a positive, creative way.

p.s. Isn't Zach Shelby a laid back dude.. Tech x

 

[perceptron]

Well spoken by both parties.

 

[Foxdog]

Look lets just face it. Nobody is really going to be happy until we see an increase in the SP. I would suggest that nobody needs to whine or complain about the SP because fundamentally it is actually still over valued. People won't like to hear this, but sorry, $$$ speaks. There is still room in the SP for speculation IMO.

So what should the people do, AGM! listen in, go there find out what is going on, ask all the questions (respectfully) as much as you like. I personally can't go, but I'm not really worried or care about the SP. Sean put himself up and said judge his performance at the AGM. Even if we don't see a big revenue leap by the AGM, he will still be happy with his work. He will talk about the ecosystems that the company has built and the partnerships, that are so important. He will be pleased with his work. Many here won't like to hear this from him as all they want is "SHOW ME THE MONEY!!!!"

This too is understandable. I'm starting to get bored with all the partnerships and ecosystems talk. I'm spending very little time here as all the dot joining and possibilities are "whatever". We know we are a solution to many of the problems out there. We know it works, too many of the BIG end of town have basically joined us or working with us. I don't need any more companies big or small to convince me how good Brainchip is and what we have. I'm now just waiting for companies to use it. Until then, really the SP will go nowhere and revenue will be small (in comparison to our MC).

So in all, don't ask the 1000 eyes when the SP is going to go somewhere. Don't ask the 1000 eyes when the revenue is going to start pouring in. Because the 1000 eyes don't have insider trading eyes, they are just looking for possible AKIDA uses.

Whether you like this post or not is irrelevant. But I can tell you right now, I'm correct. The market now needs a big company like Mercedes to shout out (like Tony suggested) that they are using AKIDA (not imply) or we see a giant leap in revenue.

The only other way we'll see a rise or fall in the SP is though the manipulators, but I have no time for them. Good day all, I'll be listening into the AGM and my guess is we'll hear about how good our ecosystem has gotten over the last 12 months

Best post this year, bar none

 

[Galaxycar]

Would prefer Zac as CEO presents better,Sean has a look like he is half asleep. After watching the video to me it seems the same old spiel about a future that never comes, still don’t know what they have achieved to get all their incentive shares,wish I had a job like theirs,for me it has to be a material result before I get incentive payments,yearly bonus,I for one would like to know what targets they set,it obviously ain’t shareprice growth.

Well spoken by both parties.

 

[Galaxycar]

People may perceive me as a negative poster but after holding for two years I’m getting sick to death of the same old retric, I can’t believe they have the balls to go into an AGM spinning the same crap with absolutely not one quantifiable result in the last year and a half,IF Mercedes’ had not of signed this share would be $0.01 now, Just sitting on a 100k loss but who’s counting,I am,time for change,not time for bonuses and incentive shares.I’ve listen and have had a few chats with Tony,ask him real questions,he doesn’t want to hear them. It’s all right to have this forum and I do enjoy reading some of the posts,but seriously are we a bunch of j witnesses so blind in our convictions not to question our management. This post will probably get taken off by Captain Z so be it, but ask yourself how long are you going to wait,when the share price is $0.10
$0.05 I for one would like the ASX at least look into these so called 100 NDA’S and say yes they do exist. PROOF IS ALL I ASK. a independent entity to prove they exist. Something quantifiable that I can pin my hopes on.

Well spoken by both parties.

 

[DingoBorat]

Good morning,

Well there you go, the AGM documentation released as was to be expected plus the LDA Capital details released with some nice funds
deposited into our accounts.

Without getting too pedantic, the figures don't quite match up.

Obligation 15,000,000 AUD received to date 12,232,543 AUD outstanding by 31 December 2023 2,767,457 AUD (not 2.85 Million AUD)

12,232,543 AUD raised from the sale of 20,756,540 shares equates to 0.5893 per share not 0.5803 per share (approximately I can read)

Still quietly happy that 0.58 + was the final figure achieved, not as good as $2.34 but it's a lot better than 0.06c a few years ago !!

The company has once again listened, having Sean present twice now recently is important, he needs to been seen so it sends a positive
message, we already have our backroom guys and gals in the engine rooms around the globe, Sean is the face of the company, so lets
just for a minute acknowledge the company in a positive, creative way.

p.s. Isn't Zach Shelby a laid back dude.. Tech x

"Sean is the face of the company"
(He needs to be seen)

Especially when Sean is so well spoken and knowledgeable about the Company, where we are and where we need to go.
As he should be.

I'm impressed whenever I hear him speak, he is a real asset to the Company and I'm glad he's there.

My opinions only, but there are no doubts in my mind, that he will lead BrainChip to Global success and beyond.

 

[Mercfan]

Hi @Mercfan,

since you have Munich‘s Allianz Arena as your profile pic, I assume you are not only a Mercedes, but also an FC Bayern fan? (Who knows, you might be a BVB fan instead, posting this beautiful sunset shot as an ominous Götterdämmerung prediction for Dortmund‘s biggest Bundesliga rival…) I just happened to read somewhere that Bayern München are planning a tour through Asia in July. Let’s assume they will be playing each of their three planned matches in Bangkok, Singapore and Tokyo at 8 pm local time. For fans in Germany wanting to watch a live TV broadcast, however, the kick-off will be at different times each match day (3 pm German time for the match in Bangkok, 2 pm for the one in Singapore and 1 pm for the match in Tokyo), as there is no one single Asian time zone. Neither is there one time zone for all of Australia.

So when you are saying that Germany is 8 hours behind Australia, this statement of yours is only partly true. It is indeed, if you are currently in let’s say Port Douglas (Queensland) or Port Macquarie (New South Wales). However, if you are in Port Hedland (Western Australia) instead, Germany is currently only 6 hours behind, as WA is in the same time zone as Singapore. And to make things even more complicated, the time difference between the Ports of Hamburg or Rotterdam and Port Augusta in South Australia is 7.5 hours!

But the point I was trying to get across in my previous post is that those time zones stated in the press release @Opti had asked about were actually North American time zones, not Australian ones.


View attachment 34475


One hint was that the press release was published by Brainchip’s US office in Laguna Hills, CA. It is located in the Pacific Time zone, which is encompassing parts of western Canada, parts of the western United States (except Alaska and Hawaii) as well as the state of Baja California in Mexico. The largest city in the Eastern Time Zone, on the continent’s opposite Atlantic Coast, is New York City.
So another hint - as already mentioned in my previous post - was that only in the Americas (but not in Australia) would it make sense to differentiate between a Pacific (= West Coast) and an Eastern time zone with a three hour time difference between them. In Australia, on the other hand, the East Coast is the Pacific Coast!

So the live online event started at 9.30 am New York time (opening time of the NYSE/NASDAQ) / 6.30 am Los Angeles time, which in turn was 3.30 pm Central European Daylight Saving Time. And way past dinner time (for most people at least) anywhere in Australia & New Zealand. Hope this helps.

Hi Frangipani
Yes you are right I am a FC Bayern fan since they made it into the Bundesliga in 1962 and I am also a huge Mercedes fan since i worked for them in 1968. I know WA time is different but i was just thinking QLD/Germany. All good

 

[Space Cadet]

Renases chip to market in coming months according to Sean.
AKIDA 2nd Gen available to the market (on track) in 3rd quarter if not before according to Sean.
As we get closer to Revenue we are seeing a change in marketing to focus on Commercial aspects and the 'why invest' thesis.
This is obviously part of the overall plan Sean had approved by the BOD some time ago.
The Sales Team has increased dramatically.
We are getting closer and it will be interesting to see whether the market picks up on this.
It will also be interesting to see whether the Bullish set up I mentioned recently plays out. If it does then the market is on to us.
If not, well for me another top up opportunity.
It wait and see.

Good point manny.

With mum and dad investors, which I am one, we investors. get a little nervous that our investment is being looked after. I get that. The company is under NDA's, that's a fact. We can like, not like it, but it is a fact. Investors complained, they put out a monthly podcast but couldn't disclose anything concrete because as I said they are under NDA's. We get nervous because it is our hard earned and if we go down, it hurts more than sophisticated investors. IMO it is a slow burner this company due to the nature of the Tech Industry and the companies trying to keep their secrets in house and not let competition in on their future direction. It is a very competitive industry from what I have read and one company coming out with a better product can hurt the competition massively, so the need for secrecy. I'm not sure anyone here would expect DOD to put up in lights what they are working on so other countries know. The same for the Tech Industry. It sucks as an investor, but it is what it is. I would like things to move faster, but it takes a lot of time. As I said a slow burner, but a bang bang at the end IMO.

My two bobs worth.

SC

 

[AARONASX]

"Sean is the face of the company"
(He needs to be seen)

Especially when Sean is so well spoken and knowledgeable about the Company, where we are and where we need to go.
As he should be.

I'm impressed whenever I hear him speak, he is a real asset to the Company and I'm glad he's there.

My opinions only, but there are no doubts in my mind, that he will lead BrainChip to Global success and beyond.

Agree with you there mate!....I would rather Sean be too busy chatting to customer/clients getting them onboard getting Brainchip's name to the masses, etc... than pumping and appeasing the shareholders/market with hopes and dreams, right?!

 

[Quiltman]

I thought it was interesting when Sean was asked the 3 area's where BrainChip is seeing most activity & interest.

He nominated, in this order :

1) Automobile - smarter cars / electrical
2) Industrial - vibration analysis, sound analysis, preventative maintenance
3) Wearable - On your wrist, ear - Medical

and then he added a 4th ...

4) Communication - Video conferencing and the like

Picking up on 4), where Sean felt it was worth referencing

This article has been posted recently which is of interest in background knowledge :
INTERNET-SCALE VIDEO REQUIRES ITS OWN KIND OF SUPERCOMPUTING

This talks to the massive growth of live video streaming, the bandwidth required, how latency is a key issue.
Also discussion around the notion of “Look-Ahead” to analyze motion and content as well as efficient compression, using an AI processor to optimize the quality of the visuals.

Again, an area of great need, and it would seem that Akida offers functional attributes that might offer part of the solution, that in turn has companies in this space knocking on our door.

 

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[Taproot]

I thought it was interesting when Sean was asked the 3 area's where BrainChip is seeing most activity & interest.

He nominated, in this order :

1) Automobile - smarter cars / electrical
2) Industrial - vibration analysis, sound analysis, preventative maintenance
3) Wearable - On your wrist, ear - Medical

and then he added a 4th ...

4) Communication - Video conferencing and the like

Picking up on 4), where Sean felt it was worth referencing

This article has been posted recently which is of interest in background knowledge :
INTERNET-SCALE VIDEO REQUIRES ITS OWN KIND OF SUPERCOMPUTING

This talks to the massive growth of live video streaming, the bandwidth required, how latency is a key issue.
Also discussion around the notion of “Look-Ahead” to analyze motion and content as well as efficient compression, using an AI processor to optimize the quality of the visuals.

Again, an area of great need, and it would seem that Akida offers functional attributes that might offer part of the solution, that in turn has companies in this space knocking on our door.

Yes @Quiltman
That was my exact same takeaway from the discussion between Sean and Zach. That one liner about video conferencing.
I saw a 60 minutes clip last night which showcased Google's Starline Project. ( Google's AI Video Conferencing Experience )