Ann: Change of Director's Interest Notice - Van Der Made, page-82

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rayz

8,167 Posts.

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02/07/21

10:30

Post #: 54231791
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Originally posted by Coit ↑

Some of you folks are in a flap over what is really nothing to be concerned about.

We have a regular poster on Brainchip threads called@Fact Finder who routinely signs off DYOR - DO YOUR OWN RESEARCH

This means "THINK!"

Ask yourself would you not be tapping your reserves for a couple of million.

Owner of >170 million shares worth $85 million. Sell 2% - NO CONCERN

Getting on in years (40 years experience tells me he is 60+) and wants to enjoy the fruits of his wealth while he can - NO CONCERN

Possibly has kids and even grand kids and wants to help them out - NO CONCERN

My take is the company is run by an intelligent man who also wants to use some of the money he has made to enjoy life or help others enjoy life.

The FACT that he has waited until EOFY to sell 2% of a very large number is tells me there are no issues with the business and as such he will likely be energised by liquidating what is essentially an unusable asset sitting on a share registry to do with as he pleases.

This is simply NOT the "bad look" some have interpreted.

Let me know if this story helps placate your concerns - it is 100% true:

I have a mate (John) who's father is in his early 80's. His portfolio is worth well in excess of $100 million.

John assures me that his dad has NEVER in his life sold an asset in his 80+ years, NEVER! - he shakes his head as he tells me.

John's dad enquired with one of Sydney's hotels regarding an overnight stay to take his wife for their anniversary or her birthday, whatever the occasion was.

He calls John to express his shock that they want $700/night for the room and have to have 2 nights. So what does the man worth over $100 million do?

He declines/cancels and stays at home.

Now is that how you want to live?

If so, why oh why did you invest in BRN with the hope it brings you great wealth if you aren't going to use it? Indeed why hold ANY stock at all?

Peter does not wish to (not) live like 'John's' father.

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It was to do with the price throwing money away like that is not what how he got there
BRN Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 24.5¢		Change 0.015(6.52%)		Mkt cap ! $483.2M

Open	High	Low	Value	Volume
23.0¢	24.5¢	23.0¢	$1.962M	8.210M

Buyers (Bids)

No.	Vol.	Price($)
13	426229	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	752703	22

View Market Depth

No.	Vol.	Price($)
12	417771	0.240
17	740116	0.235
22	649690	0.230
15	545353	0.225
29	645402	0.220

Price($)	Vol.	No.
0.245	717703	20
0.250	569596	23
0.255	1135759	17
0.260	538999	19
0.265	525822	15

Last trade - 16.10pm 28/10/2024 (20 minute delay)

BRN (ASX) Chart

Ann: Change of Director's Interest Notice - Van Der Made, page-82

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Ann: Change of Director's Interest Notice - Van Der Made, page-82

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