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"As I have repeatedly stated to other shareholders, the process of investigating the process of redomiciling does not mean that the Board has formally decided to redomicile to the US."
Hmmm, wouldn't you do your homework about redomiciling before making it known to your pool of shareholders, or where they trying to create mass hysteria!
"We expect this important issue will be discussed at length at the AGM in May and these discussions will be helpful to the Board in making an informed and balanced decision."
As some have stated on here, here is Tony D stating the smoke screen will tie up a substantial amount of time during the proceedings, minimising the time available for people to ask the important questions and get the answers they deserve.
Similar to what others have stated here, and imo, the redomicile topic should not be discussed at the agm. There really is no decision by management to redomicile, so this should not take up any valuable time at the AGM. Only the hard questions need to be asked about revenue, licences, etc, otherwise we run out of time and have those important questions left unanswered or just avoided. The pressure should be kept on the real problems that the company is facing right now, over anything else.
New repository set up yesterday on GitHub by NeuroSyd with the title:
Akida-Seizure.
Nothing added as yet but you'd suspect given what they do at the facility it would be our Akida they either been or will be playing with.
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NeuroSyd Research Laboratory
NeuroSyd Research Laboratory at the Faculty of Engineering, The University of Sydney, is where emerging paradigms in computing, data science, neuro/bio-engineering and nanotechnology collide. NeuroSyd research is highly multidisciplinary and span over a wide range of fields from Device to Data,sites.google.com
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Omid Kavehei
The University of Sydney - Cited by 6,679 - nanoelectronics - medical electronics - affective computing - learning machines - integrated circuit designscholar.google.com
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Buddy, you can quote bible verse if that floats your boat.View attachment 83614
A committee? Are you serious? This isn't the boys scouts or your local footy team, this is an ASX listed company regulated by ASIC.
Reminding you of your original comment - as regards the vote I am certain the Board would demand a unanimous vote on the proposed domicile....
NEDs have a legal obligation to act in the best interests of the company and its shareholders, and to exercise reasonable care and diligence. The board can not demand or dictate how a NED votes.
If the Board can "demand" and therefore dictate how directors vote, why do we have 4 non executive directors getting paid from a $700,000 salary pool (not including bonuses). The NED's role would be absolutely pointless if what you wrote was true (which of course it is not).
You are just embarrassing yourself now.
The next 5 years are make or break for BRN shareholdersHi Bravo,
I agree BODs should be accountable and should be questioned.
The AGM will be interesting.
I mentioned that a comparison between WBT and BRN in 5 years will be interesting. See my earlier post on estimated time frames for AI adoption.
Up until now it's 1%.
2025 to 2030 its estimated at 50% Adoption.
That is an exponential increase.
The next 5 years are make or break for BRN and holders.
The company is aware of this. They are of course extremely confident of the 'make it' side.
Renesas is an extreme example of the Early Adopter lengthy sales cycle.
Licence Dec 2020, chip taped out with a "3rd party" in Dec'22 and still waiting for revenue. But it will come.
I understand its frustrating.
As we move through the cycle the timeframes for adoption will significantly decrease.
Until we see decent sized bookings closed BRN will be classed as a spec stock - no doubt.
That is the punt investors take.
Will BRN 'make it' big in the next 5 years when AI is expected to grow exponentially?
We hold, buy or sell according to our personal view on that question.
For some its avoid. For others its a chance to accumulate early in the cycle.
I am patient, positive and personally bullish but I accept we are all different and have different views. Hence banter.
Buddy, you can quote bible verse if that floats your boat.
I'm talking lived experience.
And it wasn't in the boy scouts or with the local footy team, which I'm sure are both fine institutions.
But coming back to the topic at hand, which you seem rather eager to ignore in your rather rabid enthusiasm for Liebeskind.
Why hasn't he make a public appeal for our votes?
Is he afraid?
Is he too lazy?
Is he too good to talk to regular shareholders?
No, thank you!From the AMG Meeting Notice ASX Announcement on 1 April, Section 11.....you can read all about Steve Liebeskind..
For some reason I don't hear you demanding more information from Le or Garrick. Why are you not demanding that they come out publicly to justify why they should be re-elected? Their suitabillity/qualifications were covered under Section 7 and 8, just the same as Steve Liebeskind in Section 11.
For some reason it's ok for them but not okay for Liebeskind...
As I said previously, I am a long term concerned shareholder who wants change, and I believe Steve Libeskind is a good starting point to achieve that.
People will vote as they like, but don't act like it's a blackhole around Steve Liebeskind. He's previously been a NED for Brainchip, and you can see his information attached to the AGM notice.
His email address has also been published, and you can easily contact him in LinkedIn. It's for you to decide if you want to do this or not..
I have contact him and I like what I hear, so I will continue to ask people to at least consider his qualification to be a NED, instead of just doing what BRN tell you to do.
Why are they so afraid to have him as a NED?? What would be wrong with introducing another (or replacement) NED who will question the status quo at BrainChip?
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The difference is the existing members were recruited onto the board.From the AMG Meeting Notice ASX Announcement on 1 April, Section 11.....you can read all about Steve Liebeskind..
For some reason I don't hear you demanding more information from Le or Garrick. Why are you not demanding that they come out publicly to justify why they should be re-elected? Their suitabillity/qualifications were covered under Section 7 and 8, just the same as Steve Liebeskind in Section 11.
For some reason it's ok for them but not okay for Liebeskind...
As I said previously, I am a long term concerned shareholder who wants change, and I believe Steve Libeskind is a good starting point to achieve that.
People will vote as they like, but don't act like it's a blackhole around Steve Liebeskind. He's previously been a NED for Brainchip, and you can see his information attached to the AGM notice.
His email address has also been published, and you can easily contact him in LinkedIn. It's for you to decide if you want to do this or not..
I have contact him and I like what I hear, so I will continue to ask people to at least consider his qualification to be a NED, instead of just doing what BRN tell you to do.
Why are they so afraid to have him as a NED?? What would be wrong with introducing another (or replacement) NED who will question the status quo at BrainChip?
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Spot on.
The Brainchip Poster's Spectrum:
View attachment 83597
Why the hell would you invest in Brainchip?
Does not own any shares.
Posts frequently.
Will give a love or fire emotion if anyone writes anything critical of Brainchip.
Hides behind strong anonymous identities.
‘Revenue… where is the revenue?…’
Focusses on the next AGM meeting and promotes a spilling of the board just one 1 month after the last one.
Will only focus on price when it is in a downtrend.
Will focus on criticizing poster rather than the matter at hand when there is good news.
Suggests but never proves they have insider knowledge.
When any positive announcements are made: ‘Wheeeerrrreee is the revenueeeee?’
Brainwashed Brainchippers:
Have gone ‘all in’ on Brainchip as an investment.
Posts frequently.
Will never give a like or emotion to anyone who makes good points. Other posters are not worthy.
Hides behind strong anonymous identities.
‘If you don’t like it, just sell.’
Thinks that posters who bring up the company’s costly 2 to 3 year mistake of flip-flopping between being IP or chips led is ‘crying over spilt milk’.
Will only focus on price when it is in an uptrend.
Gets very defensive when any kind of bad news is announced or spins a positive light on it.
Is Brainchip still a good bet?
Shares research that could be positive or negative freely.
Celebrates good news, but also acknowledges mistakes and possible red flags of the company.
Can change opinions.
Freely gives out likes when deserved.
Usually posts infrequently.
This is just an initial model. Feel free to adapt / add or subtract as you wish. If feeling offended, check the spectrum above and see that maybe balance isn't really your thing and either improve or shout at it a lot to make you feel better.
Spot on.
The Brainchip Poster's Spectrum:
View attachment 83597
Why the hell would you invest in Brainchip?
Does not own any shares.
Posts frequently.
Will give a love or fire emotion if anyone writes anything critical of Brainchip.
Hides behind strong anonymous identities.
‘Revenue… where is the revenue?…’
Focusses on the next AGM meeting and promotes a spilling of the board just one 1 month after the last one.
Will only focus on price when it is in a downtrend.
Will focus on criticizing poster rather than the matter at hand when there is good news.
Suggests but never proves they have insider knowledge.
When any positive announcements are made: ‘Wheeeerrrreee is the revenueeeee?’
Brainwashed Brainchippers:
Have gone ‘all in’ on Brainchip as an investment.
Posts frequently.
Will never give a like or emotion to anyone who makes good points. Other posters are not worthy.
Hides behind strong anonymous identities.
‘If you don’t like it, just sell.’
Thinks that posters who bring up the company’s costly 2 to 3 year mistake of flip-flopping between being IP or chips led is ‘crying over spilt milk’.
Will only focus on price when it is in an uptrend.
Gets very defensive when any kind of bad news is announced or spins a positive light on it.
Is Brainchip still a good bet?
Shares research that could be positive or negative freely.
Celebrates good news, but also acknowledges mistakes and possible red flags of the company.
Can change opinions.
Freely gives out likes when deserved.
Usually posts infrequently.
This is just an initial model. Feel free to adapt / add or subtract as you wish. If feeling offended, check the spectrum above and see that maybe balance isn't really your thing and either improve or shout at it a lot to make you feel better.
I think you are all rather impatient and focusing on stupid stuff. Just take a look at the overwhelming traction and try to calm your titties.
Things take time, and the foundation that has been build seems really solid to me.
I thought when I bought this stock six years ago I was gonna be rich in 1-2 years, boy was I wrong. Working as an electrician on big construction sites has taught me that 8 hours of work is actually not that much in the grand scheme of things, now imagine revolutionizing an entire computer architecture with long sales and design cycles with very diligent costumers who cannot get it wrong, the amount of red tape and quality assurance that goes into this process. I do agree that "Explosion of sales" and "Watch the financials" were severe blows to the credibility and trust in management, but they themselves have probably been humbled by the task at hand. I do agree that the the amount of communications we have received as shareholders could have been way better, but all in all that has no effect on the actual progress being made and you can read between the lines yourselves whether or not you see the technology gaining traction in the market.
How some of you have convinced yourselves that this redomiciling is just a smoke screen is really beyond me, when I read it I was pumped like hell because there is no way you can become a global player with hundreds of billions in MCAP without up listing to NASDAQ, which there is no doubt in my mind is the exchange the board is gunning for, if it's not they should all be replaced instantly. Although I agree I also imagined a dual listing, a lot of you aussies are at the short end of the stick with your supers, but the ASX does seem like it's run by toddlers and crooks so probably no way around that with disclosure rules.
However the fear of a reverse split into massive dilution leaving existing shareholders decimated after redomiciling is a concern of mine, in my mind such things should carry jail sentences as the board has not fulfilled their obligations to shareholders, but it's happened time and time again and it's apparently the name of the game, all we can do is hope management have some sort of moral code and that our loyalty going 10+ years for some of you is rewarded.
I am very very confident this is still a "Not a question if Akida will be successful, but when" to quote our former burnt hands CEO.
And the amount of small personal clashes on this forum is very very tiring to scroll through, please toughen up and keep it relevant to the company.
You don't need to sell and rebuy. You can do an in-specie transfer, which if you do it at a lower price than purchased may even give you a slight tax advantage.Actually I'm not convinced they will give a shit unless they feel they have left themselves open legally. IMO they will make a decision that benefits the company and the majority of shareholders. I certainly hope if they do relist that shareholders are given at least 6 months notice. It takes sometime to set up a self managed super fund, sell the shares and re-buy, not to mension the cost.
SC
Can’t do that between industry super and personal SMSF.You don't need to sell and rebuy. You can do an in-specie transfer, which if you do it at a lower price than purchased may even give you a slight tax advantage.
Hi PC321,I think you are all rather impatient and focusing on stupid stuff. Just take a look at the overwhelming traction and try to calm your titties.
Things take time, and the foundation that has been build seems really solid to me.
I thought when I bought this stock six years ago I was gonna be rich in 1-2 years, boy was I wrong. Working as an electrician on big construction sites has taught me that 8 hours of work is actually not that much in the grand scheme of things, now imagine revolutionizing an entire computer architecture with long sales and design cycles with very diligent costumers who cannot get it wrong, the amount of red tape and quality assurance that goes into this process. I do agree that "Explosion of sales" and "Watch the financials" were severe blows to the credibility and trust in management, but they themselves have probably been humbled by the task at hand. I do agree that the the amount of communications we have received as shareholders could have been way better, but all in all that has no effect on the actual progress being made and you can read between the lines yourselves whether or not you see the technology gaining traction in the market.
How some of you have convinced yourselves that this redomiciling is just a smoke screen is really beyond me, when I read it I was pumped like hell because there is no way you can become a global player with hundreds of billions in MCAP without up listing to NASDAQ, which there is no doubt in my mind is the exchange the board is gunning for, if it's not they should all be replaced instantly. Although I agree I also imagined a dual listing, a lot of you aussies are at the short end of the stick with your supers, but the ASX does seem like it's run by toddlers and crooks so probably no way around that with disclosure rules.
However the fear of a reverse split into massive dilution leaving existing shareholders decimated after redomiciling is a concern of mine, in my mind such things should carry jail sentences as the board has not fulfilled their obligations to shareholders, but it's happened time and time again and it's apparently the name of the game, all we can do is hope management have some sort of moral code and that our loyalty going 10+ years for some of you is rewarded.
I am very very confident this is still a "Not a question if Akida will be successful, but when" to quote our former burnt hands CEO.
And the amount of small personal clashes on this forum is very very tiring to scroll through, please toughen up and keep it relevant to the company.