Hi Kachoo. Always keep an eye out for your posts over the years as you seem very balanced in your view both on here and the other Cult site. It is great that you never resort to bullying like many other well known posters have done on the other site and also as they trickle back onto here.
Just a take on your above post. You have stated that LDA has until the end of 2024 to sell the 40 million shares. That is what the first announcement stated on the 3rd of January below "The amendment will provide the company with access to capital, when necessary, until December 2024"
The next announcement on 27th March 2024 states
The Pricing Period for the Capital Call Notice will begin on 28 March 2024 and will end on the sooner of 7 June2024 or when the shares have been fully subscribed by LDA Capital.The agreement allows extensions to the pricing period upon request by the company in the event unsold shares remain at the pricing period ending date.
So 7th of June it will end unless BRN allows for extensions if the shares have not been sold But they also then state in the same announcement
As of the date of the capital call notice, available funding under the agreement amounts to $50.2M and the company is committed to drawing down a minimum of $12M no later than 31 December 2024, of which $1.1M has been drawn.
To me BRN are contradicting themselves with this announcement. I was expecting a correction notice but that didn't happen.
Anyway as a long term shareholder the 30 month wait for another IP license is pretty disturbing. Partnerships are only of any value if they result in revenue and the history of BRN shows this not to be the case.
Good luck to all shareholders. Hopefully 2024 will be successful.
# tip of the iceberg # dont miss the bus # watch the financials # the share price will do what the share price will do # it is what it is # explosion of sales at the end of 2022 ....... My all time favourite saying from the former CEO
(20min delay)