BRN Discussion Ongoing

[AARONASX]

Here is hoping it's ONLY 1 or 4

A capital raise in the stock market can be a good thing under several circumstances:

1. Funding Growth Opportunities: When a company raises capital through stock issuance, it can use the funds to invest in growth opportunities such as expanding operations, developing new products, or entering new markets. This can potentially increase future earnings and drive stock price appreciation.
2. Debt Reduction: If a company uses the raised capital to pay down debt, it can improve its financial health by reducing interest expenses and strengthening its balance sheet. This can enhance investor confidence and lead to a higher stock price.
3. Liquidity Improvement: Increasing capital can enhance liquidity, making it easier for the company to manage its operations, meet financial obligations, and take advantage of strategic opportunities without facing liquidity constraints.
4. Strategic Acquisitions: Capital raises can enable a company to fund strategic acquisitions that can contribute to its growth and market positioning, potentially creating value for shareholders in the long term.
5. Enhanced Financial Flexibility: Having access to additional capital provides a cushion against economic downturns or unexpected challenges, allowing the company to navigate through tough times more effectively.
6. Meeting Regulatory Requirements: In some cases, regulatory requirements or compliance standards may necessitate raising capital to maintain operations or meet industry-specific thresholds.

Overall, a well-executed capital raise that aligns with a company's strategic objectives and is perceived positively by investors can strengthen the company's position in the market and potentially lead to long-term benefits for shareholders.

 

[robsmark]

This is great news! Capital raise suggests that we are gearing up for something BIG toward the end of the year. Perhaps funding for the next gen Akida V3?
You'd be stupid not to take up the offer.
Sean has great plan ahead for us!
Not advice.

lt's good and well producing more products, but at what point does the market start buying them? Management sold the story of AKD2000 being the chip designed under direction of the EAP participants. A chip that encompassed all the changes required to satisfy their requirements, yet a more than a year later not a single license has been sold? Sean once again had me fooled at the AGM. Preaching with the upmost compassion that sales were on the cusp. Two month later and we're in a TH for a CR, further diluting our shares, and no sign of a deal. I haven't sold a single share in more than 5 years, but I'm getting impatient. Its time to deliver.

 

[skutza]

Oh come on, we all know what this is. Its a grab for money before the 4c comes out and shows SWEET FA. They know its gonna tank and getting in before it does. While its a good idea for the less dilution, sweet mother of Mary when is this going to end. Before too long we'll be trading in .001 steps again.


(This is all said in hope I have a massive pile of egg on my face).....

 

[GazDix]

I really hope there is a follow up announcement on why we need a capital raise... To fund a new contract?

Time will tell.

 

[buena suerte :-)]

I really hope there is a follow up announcement on why we need a capital raise... To fund a new contract?

Time will tell.

Thinking the same...Something (BIG) to announce in the 4C?? .... EDIT ; just trying to stay positive!!!!!

 

[Pom down under]

Guess we never sold enough edge boxes

Or maybe we sold too many and we need to produce shit loads more

 

[Tezza]

Oh come on, we all know what this is. Its a grab for money before the 4c comes out and shows SWEET FA. They know its gonna tank and getting in before it does. While its a good idea for the less dilution, sweet mother of Mary when is this going to end. Before too long we'll be trading in .001 steps again.


(This is all said in hope I have a massive pile of egg on my face).....

Don't be worried about egg on your face, Sean seems to thrive on it. All the talk of new deals iminent, could become profitable overnight, no credit raise foreseeable in the near future. 2 months down and here we are.

 

[manny100]

If they want cash BRN would just draw on LDA???
As they are not using LDA could this be to fund a strategic partnership concerning a deal?
If this is the case it might include an SPP?
There is something going on for sure. IMO it's likely there is some sort of deal.
Trying to be positive.

 

[MDhere]

Cap raise!!!!!!!

View attachment 66886

Maybe some big names will offer to buy our shares for $4 in a takeover bid as a way to raise funds , or something meaningful to us loyal shareholders as I'm out of cash to take up anymore if its individual offers

 

[Bravo]

Bet the downrampers will be hitting the Crapper hard today!

 

[Jacob Kiraz]

Don't be worried about egg on your face, Sean seems to thrive on it. All the talk of new deals iminent, could become profitable overnight, no credit raise foreseeable in the near future. 2 months down and here we are.

100% right its unbelievable Sean needs to come up with some excitement around the capital raise

 

[DingoBorat]

Yeah, draw-down of up to $50 million through LDA Capital announcement only back in March.

Obyiuosly wasn"t enough for the "planned retirment PARTY " for Peter and Anil

The pricing period for the last capital call with LDA, was supposed to end "the sooner of" the 7th of June, or until the shares had been fully subscribed (40 million shares) to satisfy the obligated draw down of 12 million USD (edit AUD so 7.95 USD) by 31 of December 2024 (of which 1.1 million had already been drawn down).

https://announcements.asx.com.au/asxpdf/20240327/pdf/061xk7jk4k6zwb.pdf

We know that according to Sean, the obligation had not been met yet, by the AGM.

We had just under 13 million USD at the end of the last quarter and a cash burn of around 4.5 million USD for it.

So if we had received the appropriately 11 million USD (edit AUD so 7.2 USD) from the previous call, we should still have around 19 to 20 million USD (edit 15 to 16 USD) after the last as yet unreported quarter, assuming similar cash burn?

I think there's a stong possibility, that there are shares outstanding to be sold by LDA (due to the share price dropping through the Company's set threshold) that a new call, with revised parameters, needs to be set for the remainder??..

 

[7für7]

Bet the downrampers will be hitting the Crapper hard today!



View attachment 66892

Trust me… you don’t want to know! Same with the German forum later…. Disgusting people

 

[Tezza]

Maybe some big names will offer to buy our shares for $4 in a takeover bid as a way to raise funds , or something meaningful to us loyal shareholders as I'm out of cash to take up anymore if its individual offers

I also don't have anymore to give. I'd take 4 bucks whilst in this shitty mood

 

[Gazzafish]

Do they normally do a TH before a cap raise or is this time different??

 

[DingoBorat]

The pricing period for the last capital call with LDA, was supposed to end "the sooner of" the 7th of June, or until the shares had been fully subscribed (40 million shares) to satisfy the obligated draw down of 12 million USD by 31 of December 2024 (of which 1.1 million had already been drawn down).

https://announcements.asx.com.au/asxpdf/20240327/pdf/061xk7jk4k6zwb.pdf

We know that according to Sean, the obligation had not been met yet, by the AGM.

We had just under 13 million USD at the end of the last quarter and a cash burn of around 4.5 million USD for it.

So if we had received the appropriately 11 million USD from the previous call, we should still have around 19 to 20 million USD, after the last as yet unreported quarter, assuming similar cash burn?

I think there's a stong possibility, that there are shares outstanding to be sold by LDA (due to the share price dropping through the Company's set threshold) that a new call, with revised parameters, needs to be set for the remainder??..

The "agreement" allowed for extensions of the pricing period, if there were shares unsold remaining, but maybe this option wasn't taken up?..

 

[GazDix]

Do they normally do a TH before a cap raise or is this time different??

Always a TH seeing panicky hands could sell. Standard protocol. But in my experience there is usually a clue who or why in the announcement. As usual, BRN keeps cards close to the chest.

 

[LexLuther77]

Thinking the same...Something (BIG) to announce in the 4C?? .... EDIT ; just trying to stay positive!!!!!

There will be noithing in the 4C that we dont already know. Unless they proide post quarter events...

 

[Boab]

The pricing period for the last capital call with LDA, was supposed to end "the sooner of" the 7th of June, or until the shares had been fully subscribed (40 million shares) to satisfy the obligated draw down of 12 million USD by 31 of December 2024 (of which 1.1 million had already been drawn down).

https://announcements.asx.com.au/asxpdf/20240327/pdf/061xk7jk4k6zwb.pdf

We know that according to Sean, the obligation had not been met yet, by the AGM.

We had just under 13 million USD at the end of the last quarter and a cash burn of around 4.5 million USD for it.

So if we had received the appropriately 11 million USD from the previous call, we should still have around 19 to 20 million USD, after the last as yet unreported quarter, assuming similar cash burn?

I think there's a stong possibility, that there are shares outstanding to be sold by LDA (due to the share price dropping through the Company's set threshold) that a new call, with revised parameters, needs to be set for the remainder??..

Last full year ended Dec 2023 net loss was US$28.9M
If we are burning more cash (hopefully for good reason, apart from wages) with less revenue we could have gone through US$15M already.

 

[7für7]

Just for… you know…. The good mood…positive mindset…

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