Ann: Change in substantial holding - Mankar, page-121

The sale by Anil Mankar is just on 1% of the total shares on issue of Brainchip.

I have no idea nor does anyone else as to why he sold.

What I can say however is he appears to have been very careful not to sell out his two founding partners Peter van der Made and Robert Mitro.

I have mentioned before that these three men have more than 25% of the shares on issue under their control so they are in a position to stop any takeover that does not meet with their personal approval. Anil Mankar has kept that privileged position in place by carefully selling just the right number of shares.

As has been pointed out there will no doubt be performance shares issued to both Anil Mankar and Peter van der Made further down the track so the status quo remains and as such I remain comfortable and completely neutral on the sale of these shares.

My opinion only DYOR
FF.

AKIDA Ballista.