To me this capital raise is a mixed bag1. Management looks...

To me this capital raise is a mixed bag
1. Management looks proactive here with the raise. The outcome is much better than on market selling till date. Just think if management says another 100 million on market share that will kill the sp for another 3-4 months. So that way it is positive
2. 4c have no receipts that means sp could had tanked, now no one is talking about that but looking at CR only.
3. Brainchip may be out of asx 300 by next reset. So that would had put more pressure on sp but now brainchip have cash burn for at least 1 year.
4. On negative side there is still no green shoots and management is planning to survive a famine.
5. It is another slap on long term holders.
So I am changing my expectations from high expectations to no expectation now. Board is making strategy to survive in difficult environment.
i still feel management is missing opportunity to bring some tech company on board.
dyor