BRAINCHIP HOLDINGS LTD (ASX:BRN) - Ann: Change of Director's Interest Notice - Van Der Made, page-59 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Fact Finder: ↑

To all genuine shareholders.

I have been engaged in discussions with the company since the last sale of shares by Mr. Peter van der Made in an effort to cause a very modest man to believe that he has engaged by his actions over the years a level of loyalty amongst shareholders that borders on something like the adulation that Steve Job had with Apple shareholders. As such while he was entitled to a level of privacy at this crucial time in the company's history his actions in selling even a relatively small portion of his shares caused disquiet with these shareholders because of how highly these shareholders valued his opinion, their shares in his company and being part of technological history.

The logic of the argument that I was making was finally accepted by the company when Tech Laden posted here that he had, had coffee with Mr. Peter van der Made and it became a top rated post when at the same time an article which listed Brainchip as one of the four major players in this space was also in play and it faded into obscurity.

The company and the man have listened and as unbelievable as it is to the man that he might have this stature he has fully disclosed in the attached notice every detail of his reasons for selling this small percentage of his holding and briefly it can be broken down as follows:

1. He founded the roots of this company in 2004 and before it became public invested heavily in the ensuing years by:

a. Covering the costs of the technology development;

b. Covering the costs of preparing and filing the foundational patent giving rise to the current AKIDA technology in 2008; and

c. Purchased all the equipment and other materials required to run a company that had no income.

2. From 2004 up to 2021 he has given precedence to Brainchip and now in accordance with the Company's share trading policy has sold some shares to fulfil personal commitments.

He has not disclosed the personal commitments rightly so but in building a business or pursuing a dream we all sacrifice different things but those close to us by default or through loyalty and love also are required to make the same sacrifices because of our choices.

I expect that like myself and many others who are reading this he made promises to his family as to what would be done once certain things had been achieved. As this sale has come as commercial Brainchip is being launched into the world I suspect, but do not know, that a promise was made to the effect that once this point had been reached then he would do certain things to make up for all the years of sacrifice.

The way in which this sale of shares was undertaken was at extended arms length and at a cost of 10% of the sale price and $5,000 in legal costs. Never has there been a more diligent approach to a sale by someone who is otherwise insider trading as defined by the ASX.

In my opinion the way in which Mr. Peter van der Made has gone about this sale of shares and the way in which his actions have been policed by the Board of Directors should be a matter which raises incredible confidence in the minds of shareholders about the ethics and standards being applied behind the corporate vale at Brainchip Holdings.

My opinion only DYOR
FF

AKID BALLISTA

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Hey FF, thanks again for another very descriptive run down this time concerning the recent announcements, We all very much appreciate your time and efforts in 'spelling it out' for us all and simplifies all the jargon! I agree this is nothing to be alarmed about in any way and changes nothing in relation to the company moving forward at this very exciting juncture of BRN's... HUGE future with supplying the WORLD with it's ground breaking technology AKIDA1000 and that's just the start of the journey!! anyway relax and have a great weekend chippers and good luck next week and beyond...... Glass of Cab Sav on the way cheers

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(20min delay)
Last 20.0¢		Change -0.005(2.44%)		Mkt cap ! $371.1M

Open	High	Low	Value	Volume
20.5¢	20.5¢	19.5¢	$843.2K	4.220M

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