Ann: AGM Address and Presentation, page-380

Hi Kasta
If you have read my various rants apart from dishonesty and the lack of human kindness what will get me going is when people and I mean this generally not just Brainchip use things without having the first idea of why they were invented. Visual aides for example are constantly abused. A visual aide is supposed to be that an aide to allow someone with less knowledge than the presenter to better understand a difficult subject from which they can then seek to build on their knowledge.

Take the Brainchip Robot with all the senses arranged around it. That is a proper visual aide. Even a literate child could understand that Brainchip has the ability to provide all these five senses to a machine. The reaction is WOW I can have a real live robot.

Take the slide in question it fails on every count. A lot of people have trouble with the concept of a billion and a lot of calculators cannot even do that many numbers. Then there is trillions. What a trillion is has not even been agreed by every country in the world. A visual aide which does not simplifier the written and spoken content is a waste of everyone's time. The fact that there has been discussion around these graphs and only became clear with assistance such as you provide me and a screen shot by BL that was not intended for viewers to keep just means they get a fail.

Now as for a visual aide that worked the visual aide that shows the difference between Brainchip and its competitors that by the application of ticks in boxes allows even that literate child to look at it and answer the question which one is best. Obvious and immediate answer the one with the most ticks. Why because getting a tick from the day we enter school means you got something right. Brainchip has the most ticks so Brainchip is best. Simples even a cardboard Meerkat would understand.

Prior to the AGM the doubting Thomas's of the world were all proposing the idea that Brainchip was a dog because the deals with NASA and Ford had fallen over because no mention was being made about them by the company. WELL THAT NEGATIVE HAS BEEN ANSWERED IN SPADES WITH A PRICE SENSITIVE ASX ANNOUNCEMENT. I pointed out that the benefit of this announcement is that Brainchip is now obligated to immediately inform the market if either of these relationships fail or cease for any reason in an ASX announcement to the market.

Then there was the ISSUE surrounding the fact that Renesas revenue was not being mentioned. Well even in this price sensitive announcement they were sparing with the name Renesas but they confirmed they are working well together and things are on track. Again if this changes they will need to issue an ASX announcement for the above reason.

In addition to this by application of simple logic we can extrapolate that Renesas intention is that they will be using the IP in a production of more than 1 MILLION UNITS. If you consider this as a reasonable logical proposition then you can extrapolate further that it must be a product line of Renesas that is mass produced and not one of its niche area products as a million plus units would not be needed otherwise.

It was exposed by @BarrelSitter that Renesas had a neuromorphic development timeline prior to signing on with Brainchip with that time line leading to automotive product releases in 2022 that it hoped would do at the edge what AKIDA technology has proven to be capable of and so that is why I have opted for automotive. This is more than speculation on my part. If I put on my lawyers hat I would suggest that the evidence and facts available allow this proposition to be put as meeting the civil standard of proof "of on a balance of probabilities" and could prove that AKIDA IP will be used by Renesas for automotive purposes.

Prior to the AGM these issues around FORD, NASA and Renesas were all the down rampers had to play with and they have been taken off the table.

The AGM gave them a couple of dodgy visual aides which I agree are dodgy and not fit for original purpose but as I said earlier I have not invested in Brainchip because they sell graphs.

The only thing remaining is the question of chip numbers well prior to the AGM I read an email from Tony DAWE that upset a friend and fellow shareholder as Tony Dawe made clear in a forthright manner that the company did not agree that the precise number of chips was not commercial in confidence.

In the presentation that I have read as I could not tune in the only reference to chips is with respect to the batch for proof of concept testing and it was otherwise clear precise numbers of chips ordered or pending proof of concept was not being disclosed. As far as I am concerned the company has just continued with its line that there is something about the actual number of chips that makes it commercial in confidence information that cannot yet be disclosed.

So my view is it is steady as it goes with lots of potential information about a whole range of customers and product placements to come.

In particular the NaNose trial that @uiux unearthed is due for completion on or about the 31 May, 2021 so at some point thereafter we should keep an eye on NaNose releases. Remember in the August, 2020 interview Professor Haick stated he expected a hand held device to be completed in about 6 months. Every day that passes brings us closer to completion of this research and its outcomes.

My opinion only DYOR
FF

AKIDA Ballista