Hi Rgupta11in,
I have no concerns over BRN's finances. Money in the bank, more coming from EAP customers and potentially a large some from our former CEO by way of options he was granted.
We don't owe any money to LDA, the agreement we have will them is a form of capital raising. When we make a call on them, we issue them shares in the company which they then sell on the open market. We get 90% of the sale price (average of the share price over 10 trading days), LDA get the other 10% but take all the risk of selling the shares. LDA are betting they can sell the 8.75 million shares we have given them at a price that will be higher than the 10 day average.
If BRN release some good news over the next two weeks then hopefully LDA get to sell the shares on the back of a rising share price.
Should be a win, win for both of us.
BrainChip Receives Akida Chips from Socionext America, page-177
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $333.6M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $414.8K | 2.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 569432 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1170430 | 28 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |