BRN 1.72% 29.5¢ brainchip holdings ltd

Ann: Appendix 4D and 1H19 Financial Report, page-33

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  1. 131 Posts.
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    SNA agreement 26th June.
    BRN paid them US$100k end of June.
    Then:
    "On 29 July 2019, the Company paid $700,000 to SNA in accordance with the terms of the definitiveagreement for product development and manufacture of the AkidaTM Neuromorphic System-on-Chip(“NSoC”)."

    This US$700k looks like a AUD$1m monthly equivalent to me (along with the US$100k for last 4-5 days of June).

    Just my thoughts, based on the amount of explanation/information we receive from BRN.
 
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