BRN 2.94% 17.5¢ brainchip holdings ltd

Go Team BRN, page-17

  1. 8,917 Posts.
    lightbulb Created with Sketch. 32
    So, let me get this straight.

    The original offer date was extended due to Anzac day - clearly well short at last Friday.
    Offer is extended, and in the middle of the extension it is so short still that they now get a part of the offer underwritten, for a 6% fee, and some fluffy words about 'intentions'.

    I hope the underwriters have some extra info to risk their $, as currently the SP can move 6% in an instant.

    Sounds desperate to me, no matter how others want to dress it up.
 
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