BRN

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24.5¢ brainchip holdings ltd

2021 BRN Discussion, page-24686

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tezzq

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29/09/21

09:21

Post #: 56423735
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Originally posted by Fact Finder: ↑

Hi @tezzq

The problem for any company on the ASX is this and why they cannot do what you have asked about.

Anything that might affect the market for its shares has to be released firstly on the ASX. The reason being is simply a question of fairness to all shareholders by giving all shareholders equal access to the information.

If a company issued a press release and it affected the market for its shares the Directors and the company can be penalised.

A little while back I was reading about an ASX listed company I think it’s ticker is DOU where a Director gave an interview to a magazine in the US and it came out on the weekend in the US and the ASX price of its shares responded on the Monday before the announcement was released. It was a bit of a storm in a teacup but the ASX took it very seriously. If I have the ticker correct there will be lots to read in the ASX announcements.

In BRN’s case their problem is they have customers who do not want to be named. BRN is acting cautiously as it does not want to risk these relationships and they want to develop a trusted brand in the commercial world.

If they put something out of this type and it affected the market for BRN shares then the ASX becomes empowered and they could direct full disclosure and in a worst case this would include the customer name and you know where that could lead.

As a lawyer I would personally have my clients walking on eggshells. Having said this I had a couple of lovely nightmare commercial clients who would make appointments for advice on what they had thought of doing and at the conclusion they would say well you know I am going to do it anyway and it will be up to you to fix it.

These clients though we’re running private companies and did not have shareholders interests to consider it was all on their own head. They were prepared to take these risks.

It is an entirely different thing when you are running a public company and you can be held to account by your shareholders if you f…up in this way.

I hope this helps.

My opinion only DYOR
FF

AKIDA BALLISTA

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Cheers! It does help me understand. I am one of the ones that are not bothered by the day to day SP as I am in till bust or boom, just thought it might slow the bad press and refocus people onto the positives. Thanks again for your explanation.

BRN Price at posting: 39.5¢ Sentiment: Hold Disclosure: Held
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Last 24.5¢		Change 0.010(4.26%)		Mkt cap ! $483.2M

Open	High	Low	Value	Volume
23.5¢	25.0¢	23.0¢	$2.383M	9.852M

Buyers (Bids)

No.	Vol.	Price($)
4	338128	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	1301709	24

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No.	Vol.	Price($)
4	338128	0.245
12	188072	0.240
15	799510	0.235
15	904813	0.230
15	607966	0.225

Price($)	Vol.	No.
0.250	550751	12
0.255	808926	18
0.260	708908	18
0.265	321272	13
0.270	253135	11

Last trade - 16.10pm 01/11/2024 (20 minute delay)

BRN (ASX) Chart

2021 BRN Discussion, page-24686

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2021 BRN Discussion, page-24686

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Sellers (Offers)

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