Interesting take … yet you seem quite passionate about sharing your own opinion regularly. Guess we all have one, right?
BRN Discussion Ongoing
- Thread starter TechGirl
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Interesting take … yet you seem quite passionate about sharing your own opinion regularly. Guess we all have one, right?
White Horse
Regular
Except some seem to have verbal diarrhea.
For starters, I'm not going back to look at the value of how much the executive team get paid but going to use fictional numbers.
I know this would never happen but how cool would it be for people like our CEO to say I know I am entitled to $4mil worth of shares but I'll only take 4 million shares instead of the 16mil I could be entitled to at 25c a share. This is because with all the things that are lined up I am confident those 4 Mil shares will be worth way more than $4 mil within the next year.
Something like that would give me faith that we are in the path to success. Right now all I hear when they talk is we're full of sht and will say anything to try and make you happy.
Last year's AGM Sean made a speech which I bought into 100% which now looks like a big ball of fluff.
I know this would never happen but how cool would it be for people like our CEO to say I know I am entitled to $4mil worth of shares but I'll only take 4 million shares instead of the 16mil I could be entitled to at 25c a share. This is because with all the things that are lined up I am confident those 4 Mil shares will be worth way more than $4 mil within the next year.
Something like that would give me faith that we are in the path to success. Right now all I hear when they talk is we're full of sht and will say anything to try and make you happy.
Last year's AGM Sean made a speech which I bought into 100% which now looks like a big ball of fluff.
Getupthere
Regular
Appreciate your honesty and the long-term perspective you’ve shared with last year post .
It’s clear you’ve done the hard yards and haven’t held back when it counted—especially in calling out issues at the 2018 and 2023 AGMs. Your shift in support this year speaks volumes.
That said, I’m curious—what are your thoughts now, 12 months on from the last AGM.
Still feel the same way about the company’s direction and management? Would be great to hear your take.
I can't even bring myself to listen to the latest podcast. It's just so typical of BRN to bring out a podcast before the AGM, basically trying to convince shareholders why they should be paid these huge salaries and rewards.
I have no issue with BRN staff being rewarded generously (even at significantly higher then current levels) providing we can see real uptake from the behemoth companies they always elude to at AGMs, and we also see that reflected in the share price.
They are truly taking the proverbial!
I have no issue with BRN staff being rewarded generously (even at significantly higher then current levels) providing we can see real uptake from the behemoth companies they always elude to at AGMs, and we also see that reflected in the share price.
They are truly taking the proverbial!
Don’t worry, Sean will have a fresh new speech at this year’s AGM.
Yes, but yours are the biggest one by far.
Pom down under
Top 20
SERA2g
Founding Member
Haven't listened yet but this feels like they've finally heard the complaints around visibility of the non execs who get shares for what looks like fuck all and their response is to wheel them out for a podcast episode a month before the AGM. Seems desperate.
Perhaps my mood will change after listening lol.
Zedjack33
Regular
Food4 thought
Regular
I think most agree that good management deserves good rewards.
The share price is poor for sure.
The future looks bright for sure
But the big concern is the company revenue
For me personally Sean should be addressing this issue with his shareholders not how much people need to be paid.
I believe this shows no or very little respect for us.
I feel like pulling out of this investment to be honest
I have 300+ k tied up in the company and feel like I am being spat on at present
Thanks Sean
The share price is poor for sure.
The future looks bright for sure
But the big concern is the company revenue
For me personally Sean should be addressing this issue with his shareholders not how much people need to be paid.
I believe this shows no or very little respect for us.
I feel like pulling out of this investment to be honest
I have 300+ k tied up in the company and feel like I am being spat on at present
Thanks Sean
Getupthere
Regular
Management is accountable to shareholders because shareholders are the owners of the company. Here’s the breakdown of why that relationship exists:
1. Ownership and Capital
Shareholders invest their money by buying shares, which gives them ownership in the company.
In return, they expect the company to be run in a way that increases the value of their investment (i.e., growing profits, increasing stock price, etc.).
2. Delegated Authority
Shareholders don’t run the company themselves—they delegate that power to the board of directors, who then hire and oversee management.
This means management operates on behalf of the shareholders and is expected to act in their best interests.
3. Fiduciary Duty
Executives and directors have a legal and ethical obligation (called fiduciary duty) to act in the best interest of the shareholders.
If they misuse company resources or act in self-interest, they can be held accountable or even sued.
4. Performance and Incentives
Shareholders measure management’s success by looking at financial performance, stock price, dividends, etc.
If management fails to perform, shareholders can vote to change the board, who can fire executives.
In short.. shareholders own the company, management runs it, and that relationship comes with responsibility, accountability, and consequences.
Hi N...
Peter chose Pia, he has a lot of respect and belief in her, she's not only very well connected in business circles, she was part of the Brainchip team in the early days in Perth.
What goes on behind closed doors is very unfair to criticise unless you're privy to the other side of the door listening and watching what individuals are actually doing, having Pia on the Board from an Australian point of view is critical, unless you know of another Australian female to replace her with...just saying mate.
Ease up a touch, the fact that you still hold really says it all..hope you're enjoying being a Dad.
Best regards....Chris
Tech, the company is under no obligation to have a "female" executive, they just need to have at least two Australian directors (eg reside in Australia).
We need NEDs who actually understand the ASX and the Australian market, because in my opinion, neither of our NEDs do. I'm hoping we see Steve Liebeskind back on the board after the AGM. I'm not holding my breath, but we need new blood!
Fair enough...I personally have no problem with Steve being re-elected as an NED, but regarding female appointments, I do believe that 2 are required for a Nasdaq listing...just saying.
Cheers..Tech
Smoothsailing
Regular
Realinfo
Regular
My thoughts right now Get are ones of concern.
For mine, the announcement that Brainchip was considering moving to a US listing was a genuine shock. I contacted the company about my concerns, which centred around the following premise…that unless there was at least one major revenue generating deal announced, that would increase the share price significantly, then it would be grossly premature to move to a US listing. I added that existing shareholders value would be destroyed if the company moved without at least one major revenue producing deal in the kit bag.
The response from the company shocked me even more than their original announcement to consider moving. I was told, that because of the ASX disclosure rules, a major deal may never happen. I was told that the entities Brainchip was dealing with might never do business with us whilst we were listed on the ASX, because they were not prepared to risk being forced to reveal financial details, and information about how they were going to use our IP.
This prompted my discussions with the ASX about their interpretation of their very own disclosure rules, particularly rule 3.1A. They told me very clearly, that if Brainchip and a customer wanted to maintain confidentiality about a deal they were contemplating, then the onus was on both parties to remain silent about it. As long as confidentiality remained, there was no requirement to disclose the deal…it could remain confidential under ASX disclosure rule 3.1A.
When I told the company this, I used both the unnecessary Ford ASX announcement back in May 2020, that most likely caused Ford to end their collaboration with us, and Mercedes self outing themselves with press releases in January 2022, which has caused complete silence from them about us ever since.
Love them or hate them…after my discussions with the ASX, I cannot believe that the company would consider a premature, highly damaging for existing shareholders move to a US listing, because of the ASX disclosure rules.
Call me a conspiracy theorist…but I believe there is another agenda .
So these are my thoughts right now Get.
HopalongPetrovski
I'm Spartacus!
I was happy to have Pia fill the roll when it became vacant.
I think it good general policy to balance out the board with some female energy.
They do hold up half the sky after all.
Dunno that Steve Liebeskind really qualifies as "new blood"?
I am surprised that he throws his hat in the ring for a position and doesn't follow up with a pitch as to why any of us should vote for him?
What does he bring to the table?
Why would putting him in that position be in any way beneficial to either me or the company?
TheDon
Regular
Me too lol
You can wipe them and start again?
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