BRN

2.22%

22.0¢ brainchip holdings ltd

Ann: Executive Leadership Change, page-237

First 237 Last

Share
Profile

Follow
rocketrog

1,173 Posts.

338

16/03/21

16:58

Post #: 51810715
Share

Originally posted by homeales ↑

Fact Finder - my view is LDN lost the trust and confidence of the Board following the LDA Capital deal being fully reported in the Annual Accounts.

This followed on from 2 other expensive equity raising with CST and regal the CST deal was supposed to be enough to take us to silicon.

The regal and LDA deals were very expensive and reflected the desperate position we were in - swimming with sharks.

Our recent Board appointment with 10+ years Macquarie experience would have seen the deals for what they were.

The 100k plus 300K paid to Lou over next 12 months is no more than his previous fixed remuneration paid over 12 months. Characterising part as part time consultant is no more than "if interim CEO need to ask you something be cooperative"

Now LDN leaves a potentially wealthy man 11 million shares and 41 million options with an exercise price of 17.2 cents. So he needs to find $8.6 million by 30/9/2021 or get someone to finance his option exercise. Not difficult with 11 million shares as collateral or sell them early exercise some and then sell them thereby self financing them.

When a separation is immediate it is usually not on speaking terms and would have happened via zoom. I think the Board would have caucused quite strongly before meeting and over a period of time I do think Carrick would have been a catalyst and PVDM must have been in agreement.

But then again I do like conspiracy theories.

I just hope PVDM is not too distracted and I still don't know why Roger Levinson left in July as I thought he was the CEO succession plan

Expand

You certainly make some strong points, Homeales
Swimming with sharks for finance was excessively expensive from the company dilution and backhanders to the degree of market manipulation that followed our introduction to these institutional capital financiers.
I hope , never to see that degree of costly dilution ever again.
Goodbye Lou

BRN Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

There are more pages in this discussion • 122 more messages in this thread...

First 237 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 22.0¢		Change -0.005(2.22%)		Mkt cap ! $408.3M

Open	High	Low	Value	Volume
22.5¢	22.5¢	21.8¢	$1.107M	5.019M

Buyers (Bids)

No.	Vol.	Price($)
6	110458	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	355185	24

View Market Depth

No.	Vol.	Price($)
6	110458	0.220
16	465666	0.215
23	548788	0.210
22	841623	0.205
60	1870008	0.200

Price($)	Vol.	No.
0.225	355185	24
0.230	563156	16
0.235	582441	18
0.240	398618	13
0.245	587269	12

Last trade - 16.10pm 28/06/2024 (20 minute delay)

BRN (ASX) Chart

Ann: Executive Leadership Change, page-237

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Executive Leadership Change, page-237

Top Stories

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Microcap Wrap: 5 explorers with news out today

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Ava Risk Group expands US presence with A$0.7M Substation Deal

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News