BRN

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17.5¢ brainchip holdings ltd

does that mean LDA shorted brn. as they sold shares they...

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Antenna Genie

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06/10/20

22:11

Post #: 47895476
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Originally posted by NFLFALCONS: ↑

From: Ken Scarince Sent: Tuesday, 6 October 2020, 11:54:09 am AEDTSubject: RE: BrainChip LDA Capital Financing Facility Agreement Particulars

Hi

Thanks for your email and your well-wishes. So far we’re all safe on this end and I hope you are the same there. I’ve heard life in Australia has returned to normal these days and we are all very envious here!

You have good timing on your LDA question. Today is the closing day of the first put (yesterday in Australia). We will receive the final closing amount tomorrow which will simply be the 35M shares multiplied by 90% of the 30 day VWAP ended on 05-October. We have our own estimate but we’ll need to see what LDA determines that to be. I believe our CEO, Lou DiNardo, will then release an ASX Announcement on that.

You asked a very interesting question on the mechanics of the deal. LDA has the right to do whatever they want to do with the shares but they are obligated to purchase them from us and pay us. At this point, they have not purchased them yet but since they sold the shares on the open market already, they must purchase them from us after the pricing period closes, which was yesterday (in Australia). They do have the right to not sell up to 50% of them and to give them back to us after the pricing period is over rather than purchasing them from us but they are obligated to purchase any shares that they sold to the market. Let me know if that made sense.

I did speak to Peter about your request and he is going to prepare something that can be shared with the market. They are doing some really interesting stuff there that mostly involves big data analysis which of course is a strength of AI. We hope that this really picks up once Akida is available for commercial use. I will remind him to think about sharing some of his work. Thanks again, [email protected]>@brainchip.com>

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does that mean LDA shorted brn. as they sold shares they don't own?

BRN Price at posting: 35.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 17.5¢		Change 0.005(2.94%)		Mkt cap ! $343.4M

Open	High	Low	Value	Volume
16.5¢	18.5¢	16.5¢	$1.865M	10.58M

Buyers (Bids)

No.	Vol.	Price($)
36	1001708	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	167790	3

View Market Depth

No.	Vol.	Price($)
36	1001708	0.170
30	1715076	0.165
29	3371889	0.160
50	2308034	0.155
121	3674069	0.150

Price($)	Vol.	No.
0.175	167790	3
0.180	783725	9
0.185	1225940	19
0.190	815776	21
0.195	747794	13

Last trade - 16.10pm 13/09/2024 (20 minute delay)

BRN (ASX) Chart

does that mean LDA shorted brn. as they sold shares they...

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does that mean LDA shorted brn. as they sold shares they...

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Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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