Smoothsailing
Regular
Chinas latest Robot
Hi DB
At the end of last Qtr BRN had US$31m at bank, on average recent Qtrly burn rates BRN has enough cash to burn for next 18 to 24 months, late in 2023 BRN also extended their arrangement with LDA into late 2025, so there are no pressing money concerns, that we know of.
This CR is about something we don't know about i.e. chip fabrication, cornerstone investor, there are a number of possibilities, I am on the hop, but am sure after initial surprise we will see some interesting speculations here.
I am no fan of dilution, and want to see contracts fall, but I strongly suspect an interesting development here......
I agree, this CR smells of cash for a project/partnership. I did not think any bulk cash was needed at this point.Hi DB
At the end of last Qtr BRN had US$31m at bank, on average recent Qtrly burn rates BRN has enough cash to burn for next 18 to 24 months, late in 2023 BRN also extended their arrangement with LDA into late 2025, so there are no pressing money concerns, that we know of.
This CR is about something we don't know about i.e. chip fabrication, cornerstone investor, there are a number of possibilities, I am on the hop, but am sure after initial surprise we will see some interesting speculations here.
I am no fan of dilution, and want to see contracts fall, but I strongly suspect an interesting development here......well I hope so anyway.
As I said before, crazy not to go in at this price. I just added 60,000 to the pot.
Not advice as always
Maybe the wrong forumUmmm..How did you add 60,000 to the pot when we're in a trading halt?
Maybe you added to the piss pot which is OK and completely understandable under the circumstances.
10,000,000 shares x price/share = USD$1,340,000……..hardly something to write home about…..so let’s not get too excited.
Please don't use that saying10,000,000 shares x price/share = USD$1,340,000……..hardly something to write home about…..so let’s not get too excited.
In my opinion, the capital raise is to fund specific operation related to growth! They see writing on the wall….we will see the writing soon.
Definitely not intended as doom. Au contraire…Please don't use that saying...
The Writing on the Wall - Wikipedia
en.m.wikipedia.org
"The writing on the wall" is an idiom that suggests a portent of doom or misfortune, based on the story of Belshazzar's feast in the Book of Daniel.
View attachment 66934
We don't exactly want God himself, telling us that BrainChip's days are numbered..
Better to check the origin of your "sayings" first!
Although we know what you meant in context![]()
Let’s hope we get a cap raise off 165,000,00 shares at $1 a share from Arm this morning![]()