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5.26%

18.0¢ brainchip holdings ltd

2020 BRN Discussion, page-10745

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Green56FJ

1,571 Posts.

439

11/09/20

23:49

Post #: 47284458
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Originally posted by Ajax: ↑

Just read the company's announcement of 13 August 2020 and think I understand it.

" The issue price of the capital call Shares will be 90% of the higher of the average VWAP of Shares in the 30 trading
day period after exercise of the put option (subject to any applicable adjustments) and the minimum price
notified to LDA Capital by the Company upon exercise of the put option."

The recent 30 trading day period should have a high VWAP.

I don't like how the company has also given LDA a free kick here as well as agreeing to pay LDA commitment fees $580,000 (which may be paid in shares)

" the Company has agreed to issue up to 75,000,000 unlisted options to LDA Capital with 37,500,000 of these having an exercise price of A$0.15 and 37,500,000 having an exercise price of A$0.20, with each option having an exercise period of 3 years."

How many of these low exercise price options are floating around?

A lot of shareholder dilution has happened over the years with options issues by Brainchip to directors and other parties.

Expand

How much are those options to LDA worth to BRN?
How much money is BRN going to bank from the 35M shares they put up under the agreement?

Have Shylocks ever had a good name?

Who gets the sundae???

Last edited by Green56FJ: 11/09/20

BRN Price at posting: 64.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $357.5M

Open	High	Low	Value	Volume
18.5¢	19.0¢	18.0¢	$1.174M	6.410M

Buyers (Bids)

No.	Vol.	Price($)
73	1489629	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	527675	30

View Market Depth

No.	Vol.	Price($)
69	1463172	0.180
50	1402283	0.175
53	1492731	0.170
18	313455	0.165
36	999685	0.160

Price($)	Vol.	No.
0.185	637503	38
0.190	1429582	29
0.195	1010971	16
0.200	1083806	25
0.205	999342	17

Last trade - 15.53pm 02/08/2024 (20 minute delay)

BRN (ASX) Chart