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2.63%

18.5¢ brainchip holdings ltd

There is no deal with Ford, read the data in detail,...

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Capex888

250 Posts.

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08/06/20

16:03

Post #: 45095374
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Originally posted by michael510: ↑

On April 16th, BRN announced the placement of 100million shares for 3 cents each.
And the company received $3m.
Some share holders are not happy about this.
I would make a guess that for the transaction to have been completed on 16/4, BRN would have thought about raising the funds maybe 4 weeks earlier. That takes us to 19th March.
On this day, the Dow Jones closed at about 20,000.
This was a drop of over 30% in about a month. And it was in a freefall.
Covid-19 was going to destroy the world and many companies were doomed to go bust.
There were no free loans from the US government.
And probably no one would loan millions to a startup with no income.
A deal with Ford was probably far from certainty, on 19th of March.
At the time, receiving $3m for a 7% share dilution (approx) giving us another 3 months of funding, may have saved BRN from oblivion.
P.S. BRN share price on 19th March was 3.0 cents.

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There is no deal with Ford, read the data in detail, "evaluation" and the oblivion thing, seriously???

BRN Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.5¢		Change -0.005(2.63%)		Mkt cap ! $343.3M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$1.498M	8.098M

Buyers (Bids)

No.	Vol.	Price($)
100	2840830	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	59029	2

View Market Depth

No.	Vol.	Price($)
98	2822180	0.180
37	909046	0.175
46	844616	0.170
15	274259	0.165
29	634030	0.160

Price($)	Vol.	No.
0.185	59029	2
0.190	1456907	17
0.195	1199207	15
0.200	1421711	25
0.205	899056	15

Last trade - 16.10pm 31/07/2024 (20 minute delay)

BRN (ASX) Chart