Australia's largest stock trading and investment forum Australia's #1 stock forum

BRN

Click for more information

1.22%

20.3¢ brainchip holdings ltd

How much are those options to LDA worth to BRN?How much money is...

First 10745 Last

Share
Profile

Follow
Green56FJ

1,549 Posts.

438

11/09/20

23:49

Post #: 47284458
Share

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
1 Upvote

0 Great analysis

Reply

Top Stories

PL3

Patagonia looks to raise $2.15M for South American exploration and development

TLS

Telstra to boost phone plan prices despite inflation – and despite claiming they wouldn't 2 months ago

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

There are more pages in this discussion • 18,569 more messages in this thread...

First 10745 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 20.3¢		Change -0.003(1.22%)		Mkt cap ! $380.4M

Open	High	Low	Value	Volume
21.0¢	21.0¢	20.0¢	$503.5K	2.454M

Buyers (Bids)

No.	Vol.	Price($)
119	2134177	20.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.5¢	1018023	25

View Market Depth

No.	Vol.	Price($)
118	2127836	0.200
37	1402838	0.195
58	1829393	0.190
28	1221508	0.185
50	1408283	0.180

Price($)	Vol.	No.
0.205	1026836	27
0.210	1124858	16
0.215	374697	13
0.220	808632	23
0.225	736159	18

Last trade - 13.30pm 09/07/2024 (20 minute delay)

BRN (ASX) Chart