Brn still has 4 quarters of funding (happy Jerry). A lot can happen in one year. People on here assuming that Brn will have no revenue at all. Revenue is coming, from Renesas, Megachips, and a good chance that IP sales will increase now that Akida 2 is out.
The shares to be issued to LDA will not be anywhere near enough to close off 109,000,000 shares shorted.
So, how are the shorters going to close off their short positions. I can’t see it happening.
Personally, I won’t be selling any shares anytime soon. Most die-hard Brn long term holders will not either.
Interesting times ahead.
Just my opinion
Brn still has 4 quarters of funding (happy Jerry). A lot can...
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Last
27.0¢ |
Change
0.025(10.2%) |
Mkt cap ! $501.1M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.5¢ | 24.5¢ | $7.291M | 27.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 274904 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 118900 | 4 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
27.3¢ |
Change
0.025 ( 11.0 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 29.5¢ | 24.5¢ | 19285151 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| BRN (ASX) Chart |