2021 BRN Discussion, page-6305

In reply to Yak I put up details of a subsidiary company set up by another company in the US with an SEC statement document that it was for the purpose of gearing up to the tune of $US200 million for the purpose of investing in new technology companies principally in the area of neuromorphic computing. As I said in that post it was being used as an example of a never heard of company being floated solely for the purpose of setting up anonymous positions for very wealthy investors. Taking out 4 million shares is well less than $US2 million. We know three institutions have been accumulating. We do not know for what purpose but if it was to take a position for a wealthy individual or fund with the way retail have been valuing their shares the risk of not filling the order makes buying 4 million shares at 65cents quite frankly small potatoes.

All I can say is I was down a lot of dollars when we went back into the 40's and never thought of selling. I invested here for the paradigm shift and it is looking more and more likely that it will occur .

This sort of risk is of course not for everyone but with Renesas signed up for the IP and the first 4C only a few days away.....

My opinion only DYOR
FF.

AKIDA Ballista