Trying to still spin it positively. It's pretty obvious this has been forced by management probably at the risk of losing a massive contract or potential sales. The problem is that they know they can burn every bridge in AUS to get them there. They have no regard for shareholders and are completely aware of the timing of all of their catastrophic failures. They wanted the share price to be decimated, there is no logical reason to make this announcement on top of another completely dismal financial report and to then pull the LDA call. Do you really think they have the best interest of the shareholders in mind? Any single person on this forum could tell you they could have utilized that US listing announcement to sky rocket the SP if it was sold to the shareholders properly. Instead they have used it to create fear and doubt. It wouldn't surprise me if Sean will be the sacrificial lamb to wear the brunt of this and leave with a massive paycheck and a new phoenix (CEO) will rise from the ashes to save brainchip.
They will progress the company just like you say but it will be at the expense of the aussie retail shareholder. Luckily you aren't here for money just your love for the company.
BRN Price at posting:
21.0¢ Sentiment: Sell Disclosure: Held
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