Perhaps it is time to revisit what was universally praised at the AGM this year that being the presentation by Dr. Jon Tapson of the Brainchip Technology Road Map. Unlike the AGM it was recorded and is available to be watched on the following Brainchip link:
Surprisingly some loose sight of the fact that Brainchip is a technology company seeking to herald in the 4th Industrial Revolution. This revolution will not occur without revolutionary technology light years ahead of the current Von Neumann paradigm and targeted at the correct technology trends.
At the AGM the CEO Sean Hehir was totally on message with the only possible criticism of his performance being that he was not a rock star performer which is not new as he has presented the same way at his previous AGMs when required to read exactly from the written script.
As we shareholders should know it is important that he read his script accurately as the document he is reading from is always released immediately after the AGM via the ASX.
It also the job of the CEO to promote Brainchip to institutions and investors and after the AGM he headed off to do exactly that and his work with Pitt Street Research has been released in video form and it is obvious that when not constrained by a written script he presents much more favourably and is on top of his topic which is Brainchip and the revolutionary AKIDA technology.
The other responsibilities of the CEO Sean Hehir is to ensure that the technology roadmap aligns with the market now and in the future and from all the material I have posted over the last few days it seems obvious that Brainchip's roadmap if followed is taking Brainchip in the correct direction.
By following this roadmap CEO Sean Hehir will continue to grow Brainchip's ecosystem and optimise his chances of achieving his personal booking target for 2025 of at least $AU14 million.
The constant repeating of the failure by the Chair at the AGM to be on top of his brief will not change any of the above nor would a flawless performance by the Chair at the AGM ensure that the CEO Sean Hehir makes his booking target.
Indeed it could be thought that given the criticism that has flowed through various sources to the company the Chair will be highly motivated to make his performance a distant memory by ensuring that the CEO Sean Heir makes and betters his target bookings.
The Chair will come up for election again probably next year and if he does not have the support of the Board and shareholders at that time then he will likely not be elected by them to continue in his role.
It is entirely pointless to keep shouting at the brick wall. If major holders believe that the Chair is incapable of performing his duties then they will have the numbers to bring on an EGM but in deciding on this question they will not be influenced by the shouting of anonymous posters on HC in an environment where they well know that Brainchip is the playground of traders and shorts.
If a shareholder is genuinely aggrieved the only way to not appear like a crazy person after all this time is to take the advice of Belkin and write directly to the company expressing these concerns as many times as they feel motivated to do.
There is much more of interest to consider where Brainchip is concerned including its present and future status in the semi conductor industry. The following linked paper published on the Quantum Ventura website is but one example and is a must read for any actual shareholder or potential investor. One thing that it does do is correctly ignore the idea that IBM True North is a competitor to Intel and Brainchip in this space:
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