SNA agreement 26th June.
BRN paid them US$100k end of June.
Then:
"On 29 July 2019, the Company paid $700,000 to SNA in accordance with the terms of the definitiveagreement for product development and manufacture of the AkidaTM Neuromorphic System-on-Chip(“NSoC”)."
This US$700k looks like a AUD$1m monthly equivalent to me (along with the US$100k for last 4-5 days of June).
Just my thoughts, based on the amount of explanation/information we receive from BRN.
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- Ann: Appendix 4D and 1H19 Financial Report
Ann: Appendix 4D and 1H19 Financial Report, page-33
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