BRN 0.00% 20.0¢ brainchip holdings ltd

AZK Chart, page-49

  1. 9,344 Posts.
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    Here is an article about 1PG (tech company) and the benefits from listing on the ASX opposed to the US.

    Brainchip are being issued a large stake in AZK, essentially, this will be their new company with substantial existing tax losses that the company will be able to utilise once they turn a profit.

    I see it as them entering a shell company at a much cheaper price, not selling out because they believe in their technology and want to remain in control instead of selling out as at a high price to some big dogs.

    After reading the the performance shares, they are issues on very significant milestones being met such as demonstrating the technology in a race car and getting a legally binding sales contract worth $500k+.

    IMO/DYOR etc.
    Last edited by donteatme: 26/03/15
 
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