Ann: Investor Presentation, page-50

I won't be taking up my offer as I believe the share price will eventually drop below the 6c offer and back to low's in the 4c area which was touched before, not that long ago. You only have to look at the risks BRN themselves have listed in this presentation such as -

Risks of delays in product development

Socionet does not develop Akida chip as expected

Delays in sales and marketing

Delays in customer adoption of Brainchip's products due to inadequate training, education or customer support.

That's just the first few of many risks they list (open and honest which is a good thing)

There would have to be a major announcement but the NDA's have a strangle hold on that ever happening in the short term.

Revenue will be minimal for several quarters yet and believe there will be the need for another CR in future (1 yr +)

It's great that they have included the shareholders with the CR this time and I believe Brainchip will succeed but at this stage the risks are too great for me. Show me some more signed agreements and projected revenue and I'll part with some more of my money.