In view of the misleading statement that Brainchip will not draw down on the LDA Capital agreement and choose a US investor I have linked the above post which confirms my earlier statement that BRN is obligated to draw down an additional $9 million dollars which would leave a further $25 million if required.
The idea that Brainchip might take a partner has been run up the flag pole previously by Tech Laden on the basis of a 49% interest being sold but apart from this and a desire to get more institutional investors on the register the interests of Peter van der Made, Anil Mankar and Robert Mitro are best served by retaining a combined 25% blocking shareholding. A massive share placement to an institutional investor would destroy that position and leave Brainchip vulnerable to a takeover.
My opinion only DYOR
FF
AKIDA Ballista
Ann: Financial Instrument Amendment, page-148
Add BRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 71948 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 644737 | 16 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |