BRN 4.65% 22.5¢ brainchip holdings ltd

Engagement with US Market, page-40

  1. 1,138 Posts.
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    Have I got this right ????? !!!!! ...I'm confused

    From Doz and Stan9614 posts

    My reading of the posts is that
    1.The Amount to be Registered is 50,000,000 ADR shares.
    2 That each ADR share is made up of 40 BRN shares.....

    So doesn't that mean that 50,000,000 ADR x 40 = 2 billion BRN shares

    Where am I going wrong ...

    Please note that I haven't had my morning wake up shot of coffee as yet !!!


 
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