Sorry to interrupt but how do you think a T/O offer will work
1. Management agrees and proposal get on table for share holders.
2. Management does not agree,
a. proposal goes away
b. the company wants a t/o go to press major shareholders for confidence. Big share holders PVDM, Robert ,City and Anil I do not think they wants to sell.
so proposal failed again.
c. Bidder leaked the deal in press.SP will jump but T/O cannot happen again.
So yes in all probability no take over unless management is convinced.
Second question very easy
No one wants to let their competitor know what they are working on. That is why NDAs are necessary.NDA is not something innovated by brainchip but an industry standard long before that.
DYOR
2024 BrainChip Discussion, page-5595
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