Ann: Executive Leadership Change, page-244

Different ways to skin a cat/ fat cat- if they valued their expertise, they could have kept him on whilst utilising his skillset in a specifically identified role (refer to recent LTR management changeover as an exemplary). The fact that the announcement didn't identify a new role for LDN- along with a very short succint thank you statement- suggests to me that this was something unforeseen and unplanned for. Otherwise it could have been better planned for, spun along the lines of we are now entering a different phase of company progression, LDN has agreed to take a ##### role and we are actively seeking a world class CEO to take the company to the next level. I personally doubt LDN will be having any significant influence whilst working in part time capacity (I see this as more of shareholders reassurance exercise).

That said, I am happy for the change. I have been a vocal critic of BRNs outward facing marketing (shoddy powerpoint pressos, twitter updates and poorly executed podcasts - although people on here don't like to hear constructive criticism). One assumes a similar disjointed approach has been occurring during commercial negotiations, and I am hoping they can bring in someone who can bring back confidence to investors and future clients.The recent twitter posts regarding Nanose and Brainchip, released by Brainchip were very strange, especially given no announcement was made on the ASX. it was released the day before the annual report came out showing company losses, and struck me as PR exercise, rather than anything of substance.

I'm an investor in BRN and will hold my position, but unlike other investments, its not one I have tucked away in the bottom drawer and have the upmost confidence in.

All opinion, DYOR