Hi DaVidi
Just passing through but I think what you are referring to is the LDA Capital finance agreements which you can read about in the ASX BRN price sensitive announcements. If I am correct the large number of shares are given by Brainchip from an already approved and issued pool of shares to LDA Capital under a bailment. The shares always remain the property of Brainchip and LDA Capital is only entitled to sell as many of the shares as will net the amount that Brainchip has instructed them to raise. So if the share price at the time is $1.00 and Brainchip requires an extra ten dollars in capital they might give 15 shares to LDA Capital to account for fluctations in price and if the share price jumped to $2.00 LDA Capital would sell 5 shares raising the instructed $10.00 and give the $10.00 less their commission together with the remaining 10 shares back to Brainchip. Brainchip can tell LDA Capital to retain those 10 shares until they give them further instructions.
Hope this helps there are lots of places where you can find out more about how the LDA Capital agreement works.
My opinion only DYOR
FF
AKIDA BALLISTA
PS. @PeterH I and almost 600 others have not sold and are just happy not posting here very often as a result of recent events.
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