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
In view of the misleading statement that Brainchip will not draw...
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $372.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $935.0K | 5.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 178405 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 562404 | 11 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |