In an ASX price query response it would not be appropriate for the company to speculate as to why they share price has suddenly escalated on no news. Because, while it might be reasonable to assume it could be the delayed affect of two recent positive announcements - they don't know for sure. They can't speculate on what motivates each individual to start buying.
The price query from ASX is both a warning and a test "are you sure you aren't about to announce something and/or news has leaked?"
Brainchip's response was perfectly adequate and appropriate. Announcing instead "Yes! in recent weeks we made two brilliant announcements MAYBE this is the delayed effect?" would be frowned upon.
IMHO
BRN Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
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