2024 BrainChip Discussion, page-7359

Hi@Doz,

But is it a 3.5% discount???

Apparently Sean & Tony met with investors after the AGM (May 21st), at the time the SP was 25 cents and closed out that week at 27cents. So they negotiating this deal as LDA were trying to raise $12M (they needed an average SP of 30cents to achieve that). Were LDA made aware of this? LDA are given a minimun price below which our shares are not to be sold.

The call on LDA was meant to finish on June 7th but was extended out to the 28th. Why was the market not notified of this? Did BRN instruct LDA to lower the minimun sale price? The share price certainly took a hit in the last 2 weeks of the call period, falling from 27.5c to close at 22.5c on Friday 7th of June.

Did our own BoD drive down our SP to satisfy the demands of our new institutional investors?

Lots of questions here. Not many answers.