Happy Easter all.
A couple of thoughts after reading through recent posts. First up, BRN did not cause the ASX crack down on continuous disclosure rules. I believe that "honour" goes to the directors of
Getswift
"In November 2021, the Court found that GetSwift made numerous misleading statements in its announcements on ASX and breached its continuous disclosure obligations on 22 occasions between February and December 2017"
Most likely that, as a result in 2018, the ASX made changes to its continuous disclosure rules . So, long before our agreements with LDA, Ford, Valeo or the Mercedes/CES news but yet, we somehow ended up on the naughty list.
Secondly. What's with the news flow around the LDA call? My understanding of this funding mechanism was that it allowed us to raise capital by selling new shares in company, on market and at market prices. Ideally when we had positive news that would support the share price during the call period. What have we had instead?? Go back and have a look at the list of announcments just before the call notice and through to now. It reads like a horror show. A founder ceasing to be a substantial holder (old news), a poor annual report and a threat to quit the ASX????
WTF.....
Then the LDA call, followed by more director selling and of course, applications for more shares. And coming into the final week of the call, just as the share price is starting to show some spark........
We get a podcast from BRN management about why they should get a pay raise!!
Not happy Jan......