Short position open to 10c, page-119

Morning tigers,

Shorters usually only appear when there is either no news or bad news expected from a company. When BRN announced that TSMC was producing the production version of Akida that gave the shorters a 3-4 month window to operate in. Currently BRN are trying to raise part or all of the $9.2M needed to complete the POA and are selling 8,750,000 shares in to the open market to achieve this. Forget LDA's part of the process, we just give them a commission for selling shares on our behalf. So....

Are BRN doing everything they can to present the business in the best light possible at this time?

I would say the answer to that is no. Even without what ASX may consider as market sensitive news, BRN could be heavily advertising aspects of the business. Akida chips received from TSMC? Barely a murmur and our gun marketing team seemed to have a gag order put on them and not mentioned it. Socionext demoing Akida? Only found that out because of the sleuths here on HC, same with Peter's presentation in Perth.

Shorts are taking advantage of BRN's silence and driving the SP lower meaning less money coming from the 8.75M shares being sold. Not doubt some very clever cookies at BRN HQ but this has left me scratching my head.