Here are the facts as per announcement on 4th May- nothing has changed and there are far too many distorted versions of what the current trading halt announcement will be about which has made the AZK conversations unbearable to read so Here is some FACTUAL information for the noddys amongst us .
As per announcement below ...
"ALL MATTERS RELATING TO THIS TRANSACTION ARE PROCEEDING AS PLANNED" so the morons trying to twist what the trading halt announcement is about are simply put, pathetic, sad individuals who play on trying to unnerve others by trying to suggest something is wrong and installing fear in people- forget about them as they go from one stock to the next - (you know who you are)-
The announcement is more likely and possibly about:
1) Ongoing discussions with potential development partners coming to fruition- and licensing fees established
2) Major Technology Companies - First stage development priorities - BrainChip’s development plans have been strategically selected following lengthy consultation and guidance from a number of major technology companies
3) licensing its intellectual property (IP) to technology partners who will develop BrainChip-based semiconductor chips and products.
4) Aziana has agreed to provide an unsecured loan to BrainChip (subject to BrainChip agreeing loan terms acceptable to Aziana) of up to $250,000 for the purpose of expenditure on BrainChip’s development program in respect of its BrainChip product.
5) Private placement to institutional and sophisticated investors at a price of 22c or more- this will underpin the share price - they have had roadshow to get the news out to the wider investment community and BIG end of town !
6) Announcement relating to the Lodgement of Prospectus for Capital Raising ? perhaps this has changed and they don't need to capital raise due to private placement or similar from the BIG end of town - Fund managers etc
CLARIFYING STATEMENT – BRAINCHIP INFORMATION
Aziana Limited, or, “The Company” has become aware of speculation on advances with the BrainChip SNAP technology which the company has a contractual agreement to acquire.
The Company advises that all matters relating to this transaction are proceeding as planned and the BrainChip team continue to progress the technology in the normal course of business.
As previously advised, post the release of the latest corporate presentation by the Company, it has travelled with the BrainChip team and completed numerous presentations on the technology to potential future stakeholders in Asia and North America.
BrainChip Executives, in the normal course of their business, enters into and holds regular discussions with technology market participants in the USA that have expressed an interest in partnering with the company in the development of, or licensing of, BrainChip’s SNAP technology should certain criteria regarding BrainChip’s SNAP technology be met. These ongoing discussions might at some point in time result in the formalisation of a working business relationship with one or many of these potential partners.
Aziana confirms that it remains in compliance with the ASX Listing Rules and in particular Listing Rule 3.1 that relates to continuous disclosure.
For further information please contact:
Neil Rinaldi
Aziana CEO and Executive Director [email protected]
+61 8 9220 5750
Robert Mitro
BrainChip CEO and Chairman [email protected]
SOME MORE FACTS FOR THE MENTALLY CHALLENGED!
BrainChip has created a Neural Computing technology that autonomously learns (self- learns), evolves and associates information in a manner that replicates the neural behaviour of a biological brain.
BrainChip’s technology was patented in the US and Australia in 2008.
Aziana will be the only ASX listed company with a
patented artificial intelligence technology that is 5000 times faster, with 1/1000 the power
consumption of the world’s fastest computers performing neural computing today.
Potential applications include smartphones, robotics, prostheses (including ear & eye
implants), toys, gaming, driverless vehicles, drones, and the exciting new sensor-related
world of the 'Internet of Things'.
Ten years in development, and endorsed by world’s leading neuroscientists.
Opportunity for early and significant revenue.
Ongoing discussions with potential development partners.
(20min delay)