BRN Discussion Ongoing

[7für7]

GO KEViNm GO KEVIN

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[Earlyrelease]

On a more positive note.

Kevin D. JohnsonKevin • FollowingVerified • Following Field CTO – HPC, AI, LLM & Quantum Computing | Principal HPC Cloud Technical Specialist at IBM | Symphony • GPFS • LSFField CTO – HPC, AI, LLM & Quantum Computing | Principal HPC Cloud Technical Specialist at IBM | Symphony • GPFS • LSF 4m • 4 minutes ago • Visible to anyone on or off LinkedIn

Busy with lots of client meetings this week. I've also been spending just a bit more time writing long form articles which I'll be publishing soon, including one tomorrow for the weekend. Oh, and my PhD work is moving forward. Once I return to the States, the demo parade will continue. Multiple Akida+Symphony on tap, IBM i, the prediction market Symphony demo is almost there also. We are going to start March off with a bang!

Whitehorse.

Reading Kevin's to do list for the rest of his week, almost mirrors my transition to retirement schedule in its volume and intensity..

Just got up from my nanna nap, read the Letter to Shareholders and 4E, was almost exhausted after that, so needed a cuppa. Then got stuck into the Annual report and was disappointed I wasnt in the top 20, turns out you need to buy a shitload of shares to get there as they dont hand them out unless you work from Brainchip..

Then watered the lawn. Realised that I better conserve my energy for tommorows Friday lunch, which obviously restricts my nanna nap capacity as I will also have to get up early to see the market respond to this report.

Yip and like Kevin- March looks like a cracker- share price about the burst the ceiling, anticipate posting bus emoji's on TSE and spending my days palming $100 notes off a wad of cash in my hand to my two labradores, whom no doubt will eat a fair few before they realize they are plastic.

Jeez, think I may need to seek some tips from Kevin, on how he manages his schedule, as I am obviously lacking.

 

[Fullmoonfever]

Whitehorse.

Reading Kevin's to do list for the rest of his week, almost mirrors my transition to retirement schedule in its volume and intensity..

Just got up from my nanna nap, read the Letter to Shareholders and 4E, was almost exhausted after that, so needed a cuppa. Then got stuck into the Annual report and was disappointed I wasnt in the top 20, turns out you need to buy a shitload of shares to get there as they dont hand them out unless you work from Brainchip..

Then watered the lawn. Realised that I better conserve my energy for tommorows Friday lunch, which obviously restricts my nanna nap capacity as I will also have to get up early to see the market respond to this report.

Yip and like Kevin- March looks like a cracker- share price about the burst the ceiling, anticipate posting bus emoji's on TSE and spending my days palming $100 notes off a wad of cash in my hand to my two labradores, whom no doubt will eat a fair few before they realize they are plastic.

Jeez, think I may need to seek some tips from Kevin, on how he manages his schedule, as I am obviously lacking.

Just turn the Nana nap into a 6 mth hibernation. No schedule to worry about, no BC to worry about and then see what it all looks like when you wake up sleepy, hungry and grumpy.

That mood will either fit the real world you wake up to and the nightmare continues or the real world may surprise and all that will be but a dream

 

[The Pope]

Hi all,
The annual report, share holder letter etc and is disappointing to say the least. A positive was Sean didn’t get any of his $9m booking bonus for achieving no $$$$. Hopefully there is some very positive news before AGM 2026 with Sean saying a few months ago “watch us now”.

After last years AGM 2025 and the BS coming out of the mouth from one of the BOD’s and said they will fall onto the sword if wrong. Well, I will be voting that one BOD to not be on the board post AGM 2026. I have had enough for now and hopefully if successful, it will set an example to others on the BOD. I don’t want mass change in the BOD as that would cause too much disruption but one change for now should suffice.

The runway keeps getting longer and longer and it’s very hard to believe a number of statements coming out from the CEO and BDO. Looking forward to chatting to them about it at the AGM 2026.

Might see some of you at the AGM this year.

Note - if by chance anyone from BOD is reading this and wish to reach out then direct message me linked to my comments above. Probably more chance of Elon calling me to introduce himself.

Cheers
The Pope

 

[Galaxycar]

Hi all,
The annual report, share holder letter etc and is disappointing to say the least. A positive was Sean didn’t get any of his $9m booking bonus for achieving no $$$$. Hopefully there is some very positive news before AGM 2026 with Sean saying a few months ago “watch us now”.

After last years AGM 2025 and the BS coming out of the mouth from one of the BOD’s and said they will fall onto the sword if wrong. Well, I will be voting that one BOD to not be on the board post AGM 2026. I have had enough for now and hopefully if successful, it will set an example to others on the BOD. I don’t want mass change in the BOD as that would cause too much disruption but one change for now should suffice.

The runway keeps getting longer and longer and it’s very hard to believe a number of statements coming out from the CEO and BDO. Looking forward to chatting to them about it at the AGM 2026.

Might see some of you at the AGM this year.

Note - if by chance anyone from BOD is reading this and wish to reach out then direct message me linked to my comments above. Probably more chance of Elon calling me to introduce himself.

Cheers
The Pope

Oh how I have waited for this day for the last two years POPE and your idiot mate POM have mocked me, Well who has been 100% correct. Me! That’s who, 0% 0% 0% of Hehir performance bonus where’s your 9 million in bookings now. . I knew when the IBM Crap started getting posted it was gunna be bad, every year just before leading up to the AGM a company or imaginary product just like Nintendo dream is leaked. Last week in the lead up to today’s absolutely woeful announcements it happened again. Finally POPE you have seen the light it’s all been bullshit,a con, a sham! PDVM be a man instead of a enabler don’t vote at the AGM, Let your shareholders have their say.Your absolute pitiful letter to shareholders today just shows how dilusional you are.
Pom AND 7FUR7 I truly hope you help vote ANTONIO out. He deserves it. INCOMPETENT.
What I don’t understand is the misleading crap they have spieled to use shareholders, JUST imagine what they have been selling to the professional investors in the capital raises, It must have been a doozy bullshit show they have put on for them they to have lost millions in the last year or two. WATCH US NOW!!!

 

[7für7]

Now everyone wishes, Sean would get his bonus because this would mean, he would have reached the target LoL

 

[Earlyrelease]

The Annual report only confirms what I raised last month re our impending removal from the AsX 300. Hopefully those large institutional holders that need to rebalance their accounts have already started swapping stocks, however I still think we have a period of instability before we get to the AGM where hopefully we have some better news and hopefully some “bookings” in the lead up to that.

Still haven’t sold a share but now looking at averaging down a bit.

As our number one fan boy PR poster boy IBM Kevin has shown there is lots and lots of opportunities which we just need to have the market identify and then implement.

 

[Cgc516]

After reading this annual report, I personally don’t see anything unusual.
As genuine long-term holders, we have walked this journey together since the first day of 2025. We have reviewed every quarterly report along the way. Is there any financial information that was not already disclosed to us?
I believe the disappointment some people feel comes more from unrealistic expectations than from the actual results.
The market does not always move at our desired pace. Accepting reality is far more constructive than reacting emotionally.
I still choose to trust Peter and the direction of the management team. Building a company takes time — and patience.
Let’s give them the time they need.
I truly believe things will improve.

 

[LongTermInvestor]

My family holds over 2 million shares across various accounts, which I estimate places us roughly within the top 60 shareholders.

I understand that technology adoption takes time, so I do not place all the blame on CEO Sean. These things rarely happen overnight, especially when companies are transitioning to an entirely new architecture such as neuromorphic computing.

On remuneration, I voted against it last year and intend to do the same this year. Long term shareholders have been patient while waiting for meaningful returns. Senior management should absolutely receive a competitive base salary aligned with market rates, otherwise we risk losing key talent. However, performance incentives must be tied to clear and measurable targets. No target, no bonus. In particular, securing a Tier 1 IP licence should be treated as a priority and directly linked to performance outcomes.

Regarding last year’s AGM, to be honest, I was disappointed with Chairman Antonia. As chairman, he should know the company’s key details inside out. Not being across something as fundamental as the domicile details was concerning. Based on that, I would consider voting him out if the opportunity arises.

As for Sean, I remain somewhat undecided and will reassess closer to the AGM depending on developments. We still have approx. 2.5 months until AGM and a lot can happen between now and then! At this stage, I am inclined to retain Sean, as I do not want to disrupt or slow down the commercialisation strategy.

Overall, I still believe strongly in the company, especially in neuromorphic edge AI. I genuinely think the inflection point could be approaching.
I must say that IBM's Field CTO (Kevin D. Johnston) did an amazing job demonstrating the use cases of Brainchip Akida!

I have accumulated a significant number of additional shares over the past few months and will continue adding if progress remains on track.
I am also hoping to break into the top 50 shareholders eventually.

Go hard, BrainChip! I truly believe we are getting closer and closer to the finish line. Let’s make this the run that forces the short sellers to rethink their positions.

 

[jrp173]

After reading this annual report, I personally don’t see anything unusual.
As genuine long-term holders, we have walked this journey together since the first day of 2025. We have reviewed every quarterly report along the way. Is there any financial information that was not already disclosed to us?
I believe the disappointment some people feel comes more from unrealistic expectations than from the actual results.
The market does not always move at our desired pace. Accepting reality is far more constructive than reacting emotionally.
I still choose to trust Peter and the direction of the management team. Building a company takes time — and patience.
Let’s give them the time they need.
I truly believe things will improve.

I don't understand how after reading the AR, you don't see anything unusual.

Don't you think it's unusual that the CEO achieve 0% of his goal for the last year? He's also not the only person in Sales we have a VP of Sales... so no flags raised?

As for the disappointment, shareholder's didn't set the $9M target in bookings, the company did. That expectation was sent by them, so how could shareholders not be disappointed?

I'm amazed at the "nothing to see here, "carry on" attitude, as thought things are going swimmingly well.

 

[LongTermInvestor]

I don't understand how after reading the AR, you don't see anything unusual.

Don't you think it's unusual that the CEO achieve 0% of his goal for the last year? He's also not the only person in Sales we have a VP of Sales... so no flags raised?

As for the disappointment, shareholder's didn't set the $9M target in bookings, the company did. That expectation was sent by them, so how could shareholders not be disappointed?

I'm amazed at the "nothing to see here, "carry on" attitude, as thought things are going swimmingly well.

It depends how the KPI is structured.

It could be binary, basically 0% or 100%. If the hurdle wasn’t fully met, it records as 0% even if meaningful bookings were achieved.

For example, if the target was $9M and $8M was delivered, that could still show as 0% under an all-or-nothing structure. So 0% doesn’t necessarily mean zero bookings.

 

[Rach2512]

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Couldn't make it to our Akida Pico Webinar? Catch Kurt Manninen and Ritik Shrivastava walking you through what's next for ultra-low power edge AI 👇 https://bit.ly/4rfq2zX

www.linkedin.com

 

[Xray1]

I hope the Co and Peter don't see this " Letter to Shareholders " that was signed by Peter and the Chairman as a reason for Peter V D M not having to attend or to front up at the next AGM and face s/holders face to face. I hope that he attends of his own free will.

IMO ......Now that Peter has signed the Letter to Shareholders and it now forms an official Co document / ASX announcement, then I think he should personally attend the next upcoming AGM, so that he can personally deliver and comment upon same and take questions from s/holders, thus giving some further substance to same and s/holders in a more meaningful way rather than just an open letter to shareholders included in the bunble of ASX announcements submitted so as to take imo some of the attention / sting away from the Co's current financial and management predicaments.

Like always DYOR & DD