2021 BRN Discussion, page-2206

No risk of that whatsoever.

This quarter will contain income from Renesas. The 4C explanatory attachment recited the fact that IP income and EAP income had been received in January, 2021. The total amount of this income has been calculated by a number of posters at around $1 million. The same explanatory document also recited that further IP and EAP income would be accounted for before the end of this quarter.

The tricky thing for BRN at the moment is that any income that is material in the context of a particular company will be for BRN quite a low amount of money so it will be hard for BRN to justify to the ASX keeping quite any new customer engagement that actually causes funds to be received of the type you have described.

What BRN and those who might be hiding behind NDA's will be looking for is a spike in the company earnings so that they can start making payments that can be seen as not material so that BRN does not have to disclose the source. Renesas has presented this opportunity but it has to start selling the product it intends to use the IP in before the cash starts to roll in for BRN and other customer payments can go unattributed.

The exclusion provisions allow BRN or any company to keep secret incomplete negotiations or agreements and as I have said even an average lawyer could draft Heads of Agreement in such a way as to create on its face an incomplete negotiation or agreement but which will be binding on the parties but yet not needing to be disclosed on the ASX. Now as the types of companies we would like to see as customers of BRN will not have any old average lawyer but probably multi degree Harvard and Oxford graduates protecting first mover advantage and keeping we shareholders in the dark until the absolute last possible moment will be a piece of (very expensive) cake for them.

However even such clever lawyers could not keep quite the source of a material deposit into the BRN's accounts at this stage. So as I said no risk of that.

My opinion only DYOR.