BRN brainchip holdings ltd

Ann: BrainChip Evaluates Redomiciling to US, page-404

  1. LJD
    1,288 Posts.
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    The announcement of 25/02/2025 Ceasing to be a substantial holder - Mankar

    By all accounts this announcement looked to be a rectification of the Ceasing to be a substantial holder Published: 21/12/23 stating holder ceased to be a substantial holder on 31/10/2022, (only 14 months late) however, on closer inspection; (or to many it screamed that one of the Key Management Personnel was selling out and so the share price dropped nearly 16%)

    There were several misconceptions built in
    31/12/2022............. $10,886,404................... 15,000,000............... .4.71%........................ should have read (15,590,000) - note the year was 2022
    31/12/2024............... $2,539,106.................... . 9,999,833................3.80%........................ ?????
    11/02/2025............... $1,305,659.................... . 5,000,000............... 3.55%......................... not required to be reported when not a substantial holder nor Key Management Personnel since 31/12/2024

    There should have been, included in the announcement, an explanation of what this announcement entailed; all in all I found it to be a very misleading document.



    Last edited by LJD: 03/03/25
 
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