Ann: BrainChip Announces Management Change, page-145

You will have to forgive some holders here because they have been waiting a very very long time. 2017 is an eyeblink to them.

Lets look at April 2016 Ann.

Joint Development and Marketing Agreement (“JDMA” signed with Applied Brain Research 
JDMA signed with Inilabs GmbH post quarter end  Long term discussions with major companies continue  Enquiry for the SNAP IP has risen considerably, consequently multiple meetings were conducted with potential licensees 
3 patent filed in quarter ‐ more anticipated in 2016

Technology  Milestone 3, a Client / Server (“C/S” tool developed on time and within budget.  Autonomous Feature Extraction (AFE) functionality demonstrated  Autonomous Visual Feature Extraction (AVFE) functionality achieved and demonstrated

All of this didn't turn into a cent of revenue....so you can imagine SH's are slightly miffed considering the company management are all on top money and rewarded themselves handsomely while not providing any shareholder value.

We can go further back even.....October 2015....they had an FPGA back then even.

So now the hopes are pinned on Akida....and a speedy turnaround.