BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
they got meSure, I hope you are right.We're going around in circles, but royalties are usually paid on products sold, not made.
Again, we don't know the royalty structure, so anything said, is just speculation, but your opinion, isn't "usually" how things work.
Also, I think you are underestimating MegaChip's relationship with Nintendo.
Nintendo is a major customer of theirs and there is more than a passing possibility, that the original licence, was taken out with them in mind.
From the original strategic partnership release.
BrainChip Partners with MegaChips to Develop Next-Generation Edge-Based AI Solutions
BrainChip: MegaChips has licensed Akida™ IP to enhance + grow its technology positioning for next-generation, Edge-based AI solutions.brainchip.com
"By partnering with BrainChip, MegaChips is able to quickly and easily maintain its industry innovator status by supplying solutions and applications that leverage the Akida revolutionary technology in markets such as automotive, IoT, cameras, gaming and industrial robotics".
(emphasis mine)
That is getting close to 3 and a half years now, which would work out as an appropriate development time frame, so us being in the Switch 2, is not "Pie in the Sky" hope.
DingoBorat
Slim
BrainChip 2025 AGM.
My thoughts and concerns.
And what I believe, is the best way to send a message.
Excerpts, are from AGM notice and proposed Director letter.
Resolution 2
Re-election Geoffrey Carrick as Director? (Shaw and Partners connection).
I don't know much about this guy, but my Dingo senses, smell something "off" with him.
I don't like that he is our connection with Shaw and Partners and "believe" he is also possibly our "connection" with the shorters (just my gut feel).
Resolution 5
Sean 7.5 million RSUs
"Mr Hehir is eligible to receive a
Short-Term Incentive (“STI”) of up to 100% of the aforementioned salary annually"
(eligible, Not "entitled")
"If this Resolution is not approved, the Company will not be able to issue the Restricted Stock Units to Mr Hehir and the Company will need(?) to consider alternate means of compensation for Mr Hehir"
I don't see why Sean not getting these RSUs is a problem, as he is "eligible" for "up to" 100% of his salary, not entitled.
0% is still "up to" 100%.
Where is the "need" to further compensate Sean?
This is not what the agreement states, when it says "up to 100%" the way I see it (and I think that would be the Legal contractual interpretation).
"While the word eligible is defined as “qualified to participate or be chosen”, entitled means “having a right to certain benefits or privileges”"
I'm not into bagging Sean and think he's working as hard as he can and harder, but do I think he should be "rewarded" with 100% of his salary in RSUs, for the Company's commercial progress and share price performance?
No.
Resolution 6
Elect Steven Liebeskind as Director?
"Mr Liebeskind has been closely associated with BrainChip Holdings Ltd since its inception. In 2004, he collaborated with Mr van der Made in founding the private company that would
ultimately evolve into BrainChip’s ASX-listed entity"
"From 2016 to 2017, Mr Liebeskind was invited by the BrainChip Board to act as a strategic advisor, assisting or driving key operational initiatives. On 1 May 2018, Mr Liebeskind was formally appointed as a Non-Executive Director of BrainChip Holdings Ltd, where he became Chair of the Audit & Governance Committee (effective 1 April 2019). Chair of the Remuneration & Nomination Committee (effective 1 January 2020)"
They say we already have enough Directors?
Well if we get rid of "Geoff" I believe that opens a spot.
I would genuinely like to know, what Peter thinks (privately) of his election, as he (Steve) was involved from the beginning and obviously knows the Company well and I "believe" he has the Company's best interests at heart.
I'd also like to know, the reasons "why" the board seems so dead against him, with the history he has with the Company?..
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ndefries
Regular
it means the board is happy with the diversity of skill sets of the current members not demographic diversity.
DingoBorat
Slim
WTF? Diversity?..
Diversify Geoff, into finding a new gravy train and get someone on, with a solid foundation and background, in the Company.
HopalongPetrovski
I'm Spartacus!
I would like and expect to hear from Mr Liebeskind directly with his pitch for our vote.
I assume he controls the votes from Crossfield Intech nominees pty ltd, as they have nominated him.
However at last count (Top20 11 Feb. 2025) that only amounts to .333% so he will need more on his side of the ledger, particularly as the existing board doesn't want him and are encouraging us to vote him down.
I would particularly like to know his views regarding the proposed re domicile to USA and if he intends staying beyond that occurring, as well as his general views regarding the future direction and commercialisation of the company.
Also why, in his view, is the current BOD against his inclusion, particularly given his previous relationship to the company?
I assume he controls the votes from Crossfield Intech nominees pty ltd, as they have nominated him.
However at last count (Top20 11 Feb. 2025) that only amounts to .333% so he will need more on his side of the ledger, particularly as the existing board doesn't want him and are encouraging us to vote him down.
I would particularly like to know his views regarding the proposed re domicile to USA and if he intends staying beyond that occurring, as well as his general views regarding the future direction and commercialisation of the company.
Also why, in his view, is the current BOD against his inclusion, particularly given his previous relationship to the company?
White Horse
Regular
Steven Liebeskind,
According to his resume has to be about 68 or more.
He belongs on the pasture where he has been for the past 3 years, NOT in our boardroom.
My guess is he knows very little of the technical side of the business.
He would be a waste of space.
DingoBorat
Slim
Very little of the "technical side" of the business?..
And what do you think Geoff's qualifications are in that regard?
I'd bet Steve knows more than Geoff and how does his age have anything to do with it, unless he has the same issues Biden has?
Biden was running the most Powerful country in the World, with soup for brains, at 82.
ndefries
Regular
it means the board is happy with the diversity of skill sets of the current members not demographic diversity.
ha - Biden shouldn't be the mental benchmark to assess director capacity
DingoBorat
Slim
Maybe someone who knows him, can get him to appear on this forum, or in some other way, pitch himself and give his opinion, outside of his Company letter?
There would be nothing stopping him, at this point?
White Horse
Regular
GEOFFREY CARRICK ,
Is approximately 60 and still active not retired.
What politics has to do with it is beyond me.
Maybe we should get them both checked for their ability to perform, by a qualified physician.
Pom down under
Top 20
DingoBorat
Slim
Your argument against Steve, is based on age and technical knowledge.
Are you "Geoff"?
It seems you had to correct me, on how to address him, in capitals??
Steve is 68 and Geoff is 60?
What "technical" knowledge does Geoff have?
Why do you support a director with a Shaw and Partners background, who is now up for re-election?
Sure, they provided us with capital in the past, but it was by way of stuffing some cash in our pockets "after" bending us over and then bending us over continually (I'm speculating shorting) since.
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sleepymonk
Regular
Hi DB:
Addition to your concerns, what really shocks me is the following:
Mr Liebeskind has provided the following biographical information in respect of his nomination which has not been verified by the Company (other than in respect of Mr Liebeskind’s previous tenure as a Non-Executive Director of the Company).
.....
Mr Liebeskind has been closely associated with BrainChip Holdings Ltd since its inception. In 2004, he collaborated with Mr van der Made in founding the private company that would ultimately evolve into BrainChip’s ASX-listed entity. From 2016 to 2017, Mr Liebeskind was invited by the BrainChip Board to act as a strategic advisor, assisting or driving key operational initiatives. On 1 May 2018, Mr Liebeskind was formally appointed as a Non-Executive Director of BrainChip Holdings Ltd, where he became Chair of the Audit & Governance Committee (effective 1 April 2019). Chair of the Remuneration & Nomination Committee (effective 1 January 2020). 17 During his tenure, BrainChip achieved significant technological and corporate milestones, including Sale of IP licensing agreements including the launch of the Early Access Program. Capital market success, fundraising initiatives, and key investor relationships. Upon stepping down from the Board on 31 December 2020, Mr Liebeskind left BrainChip in a position of strong financial and operational health. BrainChip’s share price stood at $0.585.
You got to be kidding me to suggest that his credentials were not verified before he was appointed back in 2018. Why on earth would you mention his relationship with Peter and leave a comment that he left BRN in a strong financial and operational health ($0.585) but go against his nomination.
TBH, me and other 20+ shareholders, since Feb CR, started joking about the urge to nominate ourselves as the director just to find out what really happens behind the curtain/s. Still trying to get our contacts to get in touch with Mr Steve Liebeskind. Seriously, he will get our votes if his intention was the same as us: quit as director if everything is fine or exposing them
Is this new.
BrainChip Extends Radar Intelligence Leadership Behind Partnership With Information Systems Laboratories
BrainChip Extends Radar Intelligence Leadership Behind Partnership with Information Systems Laboratorieswww.businesswire.com
Awesome video, thanks.
Doctor Joseph Guerci is talking very positively about the Akida chips, and if anyone knows what he is talking about, it's him!
It bodes well for the patient investor.
Pom down under
Top 20
My take on this is that he doesn’t like how things are being run and is invested in the company like us and wants to see change and see his investment go up instead of constantly down or he don’t want to see his investment thrown to the wolves of America just yet. I think the boat needs rocking with someone that might care about us SH. So he gets my vote and hopefully everyone else’s.
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Every year, the same game… Frustrated investors flood management with emails—many probably written in an arrogant tone because they’re so caught up in their investment that they believe they’re something special or important. Most don’t realize they’re just a pawn in the game.
And those who aren’t properly positioned will eventually realize this when they end up holding 100–500 shares worth $2 each after the transition. Instead of keeping their overconfident mouths shut and either waiting or acting according to their own strategy, they go with the classic “Uhhh, I’m invested, so I have a right to complain!”
Well then, sort it out for yourself. If management wants to screw us over, they will—one way or another. Complaints will fall on deaf ears. Does anyone seriously think those emails will change anything? If anything, they’ll probably think, “Finally, most of them will be gone soon because they’ll have no choice… Let’s squeeze those crybabies one last time!”
Face it—either we get lucky and something happens before the transition, or nothing happens, and we end up with a fraction of our investment in the U.S. That’s it. That’s all we have to say in this.
Just my small investor opinion.
And those who aren’t properly positioned will eventually realize this when they end up holding 100–500 shares worth $2 each after the transition. Instead of keeping their overconfident mouths shut and either waiting or acting according to their own strategy, they go with the classic “Uhhh, I’m invested, so I have a right to complain!”
Well then, sort it out for yourself. If management wants to screw us over, they will—one way or another. Complaints will fall on deaf ears. Does anyone seriously think those emails will change anything? If anything, they’ll probably think, “Finally, most of them will be gone soon because they’ll have no choice… Let’s squeeze those crybabies one last time!”
Face it—either we get lucky and something happens before the transition, or nothing happens, and we end up with a fraction of our investment in the U.S. That’s it. That’s all we have to say in this.
Just my small investor opinion.
White Horse
Regular
I am not supporting Geoff, as a matter of fact I think we can do without him.
As long as we are using LDA for capitol raising, then he is also a waste of space.
Lets get rid of the old cronies, and have some fresh, more relevant faces on board.
Smoothsailing
Regular
It’s a real shame to be talking about management change before the AGM
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