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23.5¢ brainchip holdings ltd

Ann: Proposed Issue of Restricted Stock Units, page-41

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nobaggage

594 Posts.

77

14/10/22

18:37

Post #: 64208095
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Originally posted by belkin ↑

How on earth is it the responsibility of the issuer, in this case BRN, to negotiate with a current or former employee over finding monies to exercise options?Wheter they are live or expired!

It's absurd to think they could face litigation from this action. Any lawyer worth their salt would say let them come at us and we will defend it all daylong.

If you've been privy to this type of agreement you will be aware than there is no onus of responsibility for the issuer to loan monies or negotiate with a third party with possible guarantees by the issuer for the issued party.

I have been issued numerous lines of options in various companies that have expired out of the money.

There's an incentive as an employee or contractor to get the options in the money via hard work and engaging with shareholders to keep them informed which hasn't been the case here.

Who else is going to come out of the woodwork if this is ratified by shareholders?

Completely absurd.

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Yep, looks like BRN is now a Charity instead of an ASX listed company....

BRN Price at posting: 88.0¢ Sentiment: Hold Disclosure: Held
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Last 23.5¢		Change 0.005(2.17%)		Mkt cap ! $461.1M

Open	High	Low	Value	Volume
23.5¢	24.5¢	23.0¢	$1.912M	8.083M

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No.	Vol.	Price($)
16	620903	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	966723	20

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No.	Vol.	Price($)
14	505542	0.235
45	1022602	0.230
32	931585	0.225
57	1311424	0.220
16	538481	0.215

Price($)	Vol.	No.
0.240	966723	20
0.245	597361	16
0.250	1015462	25
0.255	702018	13
0.260	663463	20

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