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Miles1963

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03/12/20

00:18

Post #: 49310404
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Originally posted by Miles1963: ↑

For those of you who have doubts, please read below an ASX announcement on the 26/1020:

The Company and LDA Capital have agreed to an amendment of the POA which confirms that BrainChip has fulfilled its obligation under the original agreement and that LDA Capital wishes to remain engaged with the Company for future financial requirements. LDA Capital has chosen to increase available funding to AU$45 million and the Company has agreed to increase its obligation under the agreement to AU$20 million of which AU$11 million has been received by the Company.

BrainChip CEO Louis DiNardo commented, “We are pleased with the LDA Capital relationship and look forward to their continued support of BrainChip. Having the capital capacity in place, if and when the Company needs it, is reassuring as we move to commercialization of the AkidaTM technology and our groundbreaking entrance into the large and growing AI Edge market.”

Now, why would LDA Capital throw money at BRN if they were not confident in the companies ability to deliver.
Just saying.

Expand

Originally posted by Miles1963: ↑

For those of you who have doubts, please read below an ASX announcement on the 26/1020:

The Company and LDA Capital have agreed to an amendment of the POA which confirms that BrainChip has fulfilled its obligation under the original agreement and that LDA Capital wishes to remain engaged with the Company for future financial requirements. LDA Capital has chosen to increase available funding to AU$45 million and the Company has agreed to increase its obligation under the agreement to AU$20 million of which AU$11 million has been received by the Company.

BrainChip CEO Louis DiNardo commented, “We are pleased with the LDA Capital relationship and look forward to their continued support of BrainChip. Having the capital capacity in place, if and when the Company needs it, is reassuring as we move to commercialization of the AkidaTM technology and our groundbreaking entrance into the large and growing AI Edge market.”

Now, why would LDA Capital throw money at BRN if they were not confident in the companies ability to deliver.
Just saying.

Expand

Typo: 2020 not 1020
Too many scotches

BRN Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 23.0¢		Change -0.015(6.12%)		Mkt cap ! $451.3M

Open	High	Low	Value	Volume
25.0¢	26.0¢	22.8¢	$4.032M	16.67M

Buyers (Bids)

No.	Vol.	Price($)
23	1116797	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	395033	10

View Market Depth

No.	Vol.	Price($)
22	1091797	0.230
40	1919470	0.225
56	1965989	0.220
22	872607	0.215
33	1020149	0.210

Price($)	Vol.	No.
0.235	373033	9
0.240	988371	11
0.245	323459	7
0.250	883141	17
0.255	1624218	16

Last trade - 16.10pm 17/10/2024 (20 minute delay)

BRN (ASX) Chart

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