BRN brainchip holdings ltd

Ann: BrainChip Evaluates Redomiciling to US, page-247

  1. 1,463 Posts.
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    i sometimes feels management is making more money from shorters than remuneration otherwise no sensible management will release those drastic information so quickly.
    But yes we are losing confidence in management and Sean lied to us on last credit raise that new institutional investors will open their books with that credit raise while the same was used by shorters.
    I am pissed with brainchip CFO also he draws more than 1 million dollars a year as salary and what we are getting, LDA. We become slave to LDA.
    I assume the management have to regain trust of holders before the AGM or ???
    But to get redomicile they have to get share holders approval, I am just concerned that they will assure someone about a take over and then ransome the holders that a failed deal will lead into extra financial losses, just like they deal with LDA and issue them 49 million shares as security.
    Regrading LDA drawdown when they give us money without our shares. They get atleast 8.5% margin on the deal without any risk and then manipulate the market to their best interests.
    I donot know why we cannot do that without LDA all the time. End of the day all that burden has to born by holders.
    dyor
 
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20.0¢
Change
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Mkt cap ! $405.0M
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