Reading it again, this really is a shockingly bad article.
- For starters: raising money via issuing shares is not just routine for pre or early revenue companies. It is the very reason why companies list on an exchange in the first place. The innuendo that there's something unusual about this is either crazily uninformed, lazy, or intentionally misleading.
It then goes on a meandering journey explaining the importance of continuous disclosure (which any investor would be aware of, and any investor would be familiar with 'speeding tickets' being dished out by the ASX to companies on a routine basis) this is seemingly setting the scene for some sinister revelation, only to be followed by this statement "the ASX seemed satisfied with BRN's responses". Barely taking a breath, it then carries on almost as if that statement was not the case. Before then, in a complete 180, suggesting too much information was being released that wasn't actually worthy of announcing.
It then states the ASX is keeping a "laser eye watch" on their announcements, implying (incorrectly) that there is a particular focus on BRN more so than any other company.
The article literally does not point out one single thing that BRN has done which would imply it has breached continuous disclosure obligations, or in fact done anything wrong at all.
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BrainChip - Continuing concerns about continuous disclosure, page-115
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