BRN 0.00% 20.0¢ brainchip holdings ltd

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  1. 9,784 Posts.
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    I expect that if they were selling their 10 million shown in the list of Top 20 released today it would have been at or around the $2.00 mark. As for 15 million they hold on trust these are not shares that get listed in the Top 20 as they always remain the property of Brainchip and are simply held as a bailee from a lawyers perspective where the terms of the bailment are that LDA will sell such of these 15 million shares as needed to achieve $15 million dollars. Once they have the 15 million dollars they keep ten percent ($1.5 million) and give Brainchip the balance.

    Hypothetically if the price had been $1.00 only then would they have needed to sell all the shares so I expect they have well and truly completed the selling and have shares left over from the 15 million as the volumes we have been experiencing would allow 15 million or some lessor number to disappear into the market in a thrice. Brainchip has a choice to ask for these shares to be returned immediately or held onto until the next call and applied to that bailment as they did last year.

    Ken Scarince as Chief Financial Officer has the call on these sales and so far he has been worth every penny he gets paid by the company.

    So my anonymous opinion is that LDA Capital are not involved in the present selling.

    My opinion only DYOR
    FF

    AKIDA BALLISTA
 
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20.0¢
Change
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Mkt cap ! $371.1M
Open High Low Value Volume
19.5¢ 20.5¢ 19.5¢ $656.1K 3.281M

Buyers (Bids)

No. Vol. Price($)
16 364081 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 1348618 18
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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