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18.0¢ brainchip holdings ltd

I think the issue is that LDA have not excercised the 12...

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Mdiddy

1,628 Posts.

530

23/07/24

20:41

Post #: 74881446
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Originally posted by Kachoo: ↑

That 12 millionnwas not accounted for innthe 13 million in the report. Opp CR started end of March so we would not see that in the account.

I suspect we will close this quarter with 20 ish million in the bank USD. That accounts for the 4 million burn. So we would still be funded for 4 to 5 quarters if we signed a few IP deals in the next 12 months. That said nobody drains the account to Zero before the CR.

That 50 million increase in LDA may have been due to a contractual requirement. But if they got someone onboard with skin in the game its an easier deal to raise that capital.

Lots of times to win a tender or have final approval you need to provide financial security and if they have 50 million 40 millionnwhat ever that will prove it and they would then sign off onnthe deal.

IMO this is likely the outcome.

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I think the issue is that LDA have not excercised the 12 million… due to a declining share price and lack of liquidity… they have been left “holding the bag” so to speak

BRN Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change -0.015(7.69%)		Mkt cap ! $353.2M

Open	High	Low	Value	Volume
20.0¢	20.5¢	17.8¢	$2.552M	13.44M

Buyers (Bids)

No.	Vol.	Price($)
16	753863	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	423608	5

View Market Depth

No.	Vol.	Price($)
16	753863	0.180
55	1922318	0.175
83	2084945	0.170
49	1226154	0.165
73	1321265	0.160

Price($)	Vol.	No.
0.185	423608	5
0.190	445356	6
0.195	487498	4
0.200	568700	12
0.205	707978	11

Last trade - 16.10pm 26/08/2024 (20 minute delay)

BRN (ASX) Chart