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21.0¢ brainchip holdings ltd

2020 BRN Discussion, page-10768

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2,732 Posts.

1119

12/09/20

08:13

Post #: 47285951
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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

The options issued were on average at the money when issued

BRN Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 21.0¢		Change 0.020(10.5%)		Mkt cap ! $391.8M

Open	High	Low	Value	Volume
18.5¢	21.5¢	18.5¢	$2.340M	11.58M

Buyers (Bids)

No.	Vol.	Price($)
17	761762	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	199158	16

View Market Depth

No.	Vol.	Price($)
17	761762	0.205
17	678661	0.200
14	862932	0.195
27	1159537	0.190
14	1327130	0.185

Price($)	Vol.	No.
0.210	197043	15
0.215	1465284	32
0.220	253688	20
0.225	338096	9
0.230	1071245	17

Last trade - 12.38pm 22/08/2024 (20 minute delay)

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