BRN 10.0% 24.8¢ brainchip holdings ltd

Email update reply from BRN investor relations, page-25

  1. 6,237 Posts.
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    By my calculations Pershing have sold circa 65 mill shares at approx 49c since the LDA facility was announced in August. (I asked my broker to tell me the number because he wouldn't release the data). They received 35 mill collateral shares and have exercised a further 35 mill 15 and 20c options according the the BRN announcements.
    This is all a bit rough and ready, but in essence, LDA cant sell any more than 5 mill in the last 2-3 days without exercising more options, which of course they could do, but I'd be surprised if they didnt let the market breath a bit first. This is all predicated on Pershing selling for LDA, of course, and not some other party.
 
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