▲ 9 r/ASX

Got this WILD email from Brainchip.

Yes, I bought into BRN when I was first building my portfolio and had no idea. Since then the stock has dropped about 92% in value. I've held on for the lols.

Full text:
Dear Shareholder

We are writing to share a brief update regarding a recent request from three minority shareholders, two of which are former BrainChip directors. Under the Corporations Act 2001 (Cth), this small group has exercised their right to access BrainChip's register of members, which includes your contact details.

As an organisation committed to transparency and strict regulatory compliance, we have promptly provided the requested contact details in accordance with our statutory obligations. Because you may receive communications from this group, we wanted to proactively make you aware of the situation. The Board is concerned that any action this group may undertake against the management and Board of Brainchip will seriously disrupt the Company's strategic plan, employee morale, and will negatively impact our path to commercial success.

The Board remains fully united in our vision and confidence in BrainChip's current direction and Executive Team. We would like to take this opportunity to reaffirm our position and progress:

blah blah a bunch of dot points

Given our current momentum and clear strategic path, the Board respectfully requests your continued support. Should you be contacted by this group of shareholders, we encourage you to decline supporting any adverse action, allowing our leadership to remain entirely focused on executing our corporate strategy.

We look forward to sharing our ongoing progress with you and warmly invite you to join our next Investor Update scheduled for 10.30am AEST, Friday 11th September 2026 which was recorded and is available on replay. Our CEO, Sean Hehir, will provide a commercial update for the business, including highlights from Q2 2026. Following the presentation, Sean will address a number of recent investor questions. Details on how to register for this webinar are available on our website. If you have any immediate questions or require further information in the meantime, please feel free to reach out to Troy Dahms, Head of Investor Relations and Financial Communications, at IR@brainchip.com.

The entire Company thanks you for your continued trust and support.

Sincerely,

The Executive Team & Board of Directors of BrainChip

u/crikeyguvna — 1 month ago