2020 BRN Discussion, page-25847

Hi BarrelSitter

I think the disconnect and lack of sensing is down to the fact that some people have an inability to connect with logic.

1. As to the first point the CEO at one point is launching into a statement about what the technology can do then pulls himself up and states I need to turn this into a question and then apologises for already knowing the answer that Peter van der Made is going to give because they have discussed this particular issue in public and private many times before. As you said the CEO is playing at being an interviewer.

2. As to not sensing an actual product I am sensing not a lot of research as there has been an ASX price sensitive announcement that Renesas has purchased the AKIDA Intellectual Property (IP) and a recent 4C price sensitive announcement wherein it is stated that some of the revenue, which totals about $1 million dollars for January, 2021, is attributed to the IP sale confirms that the only reason a company would buy the IP is because they intend putting it in a product.

The alternative view of the transaction with Renesas for the IP is that even though it is a mega corporation it approached Brainchip early in 2020 when it announced it was giving the IP to specially chosen potential customers to trial for free and Brainchip said NO you can only have a trial if you buy it sight unseen. If anyone believes this then they should not be let out alone in my opinion.

Clearly Brainchip has a customer in Renesas that has a product on the bench ready to include AKIDA IP and bring to market. The only thing we as shareholders don't know is what is that product.

Why because Renesas wants first mover advantage.

Would they be concerned to maintain first mover advantage if the use was very esoteric and specialised and a limited market I would think not first mover advantage is most valuable in the mass consumer market where their are lots of competitors and you are looking to provide a point of difference to distinguish your product from all the rest.

So BarrelSitter no point in continuing to waste your far to valuable time.

My opinion only.