AKIDA Pico, page-56

It is because of their interpretation of the ASX Continuous Disclosure Rules.

As you know I believe their interpretation is incorrect but they are consistent in their application of what they believe the Rules permit.

I spent the best part of 2 years arguing the point and in the end one of my arguments may have gained traction because they commenced putting things like AKIDA Pico, the deal with Airbus etc; in the price sensitive narrative to the 4C.

Personally I think that Brainchip should spend the money and take advice from Senior Counsel as to the meaning of the Rules and what can be announced.

They could then if it confirms their view, which I doubt it will, publish it to all shareholders to shut down the debate.

If it does not support them they can comply and announce via the ASX and rely upon the advice if they get pulled up.

At the end of the day however now that Brainchip is all but a US company they really are playing the right cards in the market they want to operate in.

My opinion only DYOR

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