I have the same thought, regards the capital raise it is likely already decided who will be raising the money.
If Socionext is a go, highly likely they will take a significant stake in BRN's register for minimal capital injecture compared to return expected. The last raises should have left us in a position where we were not in such a vulnerable position to be so heavily diluted and left with such a bad deal but presently it looks like BRN is not in a position to be tough in any negotiation.
Akida potential is going to be big but we will only see a fraction of that potential because of the decisions made over the last couple of years.
The capital raising will be a bitter sweet moment when it comes about, like selling a Da Vinci painting for peanuts.
Greatest A.I Tech being sold for less than 5c a share... how is that in anyway acceptable for any management or director team?
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