RobjHunt
Regular
Yeah nah, stuff that!Let’s just say the hyenas where surrounding my campsite at night time trying to find out more
Yeah nah, stuff that!Let’s just say the hyenas where surrounding my campsite at night time trying to find out more
Any entity, buying over 10% in a company, is a good thing for retail share holders.So are you suggesting this is a good thing for us retail shareholders?
That they will be something like a cornerstone investor and once they have accumulated their desired position will task their bots etc to drive the price back up?
As I understand it these threads are monitored by Tony D or other's from the Company so if they were not aware before, hopefully they will be shortly. Or do you think it worthwhile emailing Tony directly about this?Any entity, buying over 10% in a company, is a good thing for retail share holders.
It illustrates huge confidence, in what the Company is doing.
They will play games, with their position, by lending shorts, but their obvious goal, is to accumulate, as much as they can..
This sends a clear signal to the rest of the market, that the stock is hot!
Problem is, the rest of the market is not getting that message, because they are keeping their lips sealed, in breach of ASX rules.
The onus, is on Citycorp to inform Brainchip and the ASX, of their increasing holdings, for each 1%!
Usually FactFinder, is the one who liaises with the Company, on matters like these..
What do we do???
View attachment 11160
Just fired of an email to Tony D, I will let you know the result.Hi DB,
It's easy, someone just needs to contact investor relations & ask about it
That's my understanding too, re Tony.As I understand it these threads are monitored by Tony D or other's from the Company so if they were not aware before, hopefully they will be shortly. Or do you think it worthwhile emailing Tony directly about this?
Evening Slade & DingoBorat,Hey Doz, any chance you can mosey back on in and get a digital copy or something, or do they slug ya?
I'm surprised that the gravity of this, isn't being taken up in earnest..
This is Heavy! (cue Doc Brown jokes)..
But seriously, Citicorp Nominees, has amassed over 100 million shares, in a little over 5 months, to a total of around 173 million shares, with over a 10% holding in BRN and is now the largest shareholder!
Mr Market, knows absolutely nothing about it??
Do people realise the implications to the market, if these facts were known?
Or am I missing something ...
Just fired of an email to Tony D, I will let you know the result.
It's part of ASX continuous disclosure rules, but in this case, it's up to the shareholder, to tell the Company and the ASX.Evening Slade & DingoBorat,
Yes, I believe this information should definitely of been conveyed to shareholders, when Citi passed the 5 % holding.
Never mind their now 10.111% holding.
W T F.
having just had a quick look at BRN s company Constitution, (98 pages on my phone) , the new constitution was put out on 24th May 2022, I could not find any mandate within such document to compell the company to disclose such information to the ASX.
Having read the above i then went looking through the ASX Continuos Disclosure document.
page314,
Chapter three,
Substantial holder owns more than 5%
3:19.3 if the entity becomes "aware that the percentage of capitol or votes held by the class of ' persons referred to in rule 3:19.1 has ceased to be within 5 percentage points of the restriction , or to equal or exeed it , the entity must immediately tell ASX.
*Incredibly this only applies if it is written into the companys constitution , which in BRN s case thay seem to have forgotten to lnclude or left out deliberately ??
Personally I would have thought out of courtesy and good business practice such a event would have , should have been divulged to shareholders.
I spoke to Tony Dawe on or around the 23rd June regarding finding the share registry details, and more specifically my holding.
at the time from memory Tony said there had not realy been much movement in the top twenty.
W T F .
Unless Citi amassed their additional 100,000,000 odd shares in the last 19 days. ???
Tony did say thay would endevor to include a top 20 holder notice , possibly a top 50, in the upcoming Quarterly report , 4C. Seeing how thay said thay would on the last one , and forgot?, perhaps those that wish to see such a document produced with each 4C give Tony a call and reminde him and the company.
Don't get me wrong , Tony Dawe is a nice bloke so be polite , but we , shareholders also deserve respect also .
Not happy .
Esq.
Evening Mccabe84,If there an office in Melbourne where I can see the share register I might be able to pop in next week once I get back from overseas.
I’m just glad they had to pay the GST, imagine the board meeting back in the US, a few backs to wall with the firing squad on that oneI only glanced..
But have read now..
ASX Disciplinary Matter – Citicorp Nominees Pty Ltd
ASX Limited’s Chief Compliance Officer (“CCO”) has determined that Citicorp Nominees Pty Ltd (“Citi”) did not comply with the following ASX Settlement Operating Rules (“ASX SR”):
• ASX SR 6.8A.5(a), being its obligation to report its Securities On Loan Position;
(shares lent to shorters)
• ASX SR 6.8A.5(c), being its obligation to report its Securities Committed Position;
• ASX SR 6.2.2, being its obligation to ensure that all information given to ASX Settlement is
complete, accurate and not misleading; and
• ASX SR 4.18, being its obligation to have adequate resources and processes to comply with its obligations under the rules,
(the “Contraventions”).
The CCO imposed a fine of $30,000 (plus GST) for the Contraventions
WTF!
They did all that and got a 30k fine?
They probably made 100s of thousands, if not millions!..
No wonder, they don't give a FF (not a reference to FactFinder) about reporting their increasing position in Brainchip.
Plus the shares they are lending for shorting, allows them to accumulate more.
Now the 1000 eyes have found out about it, what channels do we go through, to notify that toothless scrag (ASIC) to give them a limp wristed slap on the hand!?
At least then the Market, will then know about it!
Whoever is reaching out to Tony it would be great to get an updated top 20 shareholder list at the next 4C.Wondering if anyone has contacted Tony for an explanation.
Evening DingoBorat,It's part of ASX continuous disclosure rules, but in this case, it's up to the shareholder, to tell the Company and the ASX.
There is no fault here, on BRN's side, as far as I see it, from what I've gleaned in the past hour..
I can't see how BRN, not having it in their Constitution, could affect ASX disclosure rules, on Citycorp.
Remember Citicorp has been caught not doing this before..
Hi Quatrajos,Any BRN comms link to shareholders would be appreciated at this point in time. This will do just fine...
Consider that each 1% of Brainchip, that Citicorp bought, is approximately 17 million shares.Evening DingoBorat,
Another thought and quite likely eventuality...
Owning over 10% of the company I would imagine this would potentialy allow them to insert one of their own onto the BRN board...
Sean Hehir did say thay were looking to expand the board.. hence the expansion of the director renumeration pool.
Esq.
Maybe well should ask his optometrist. I think you should retract that statement.Pretty sure we should wait and see if this claim by @Doz can be verified by more than just @Doz before anyone starts needing to reconsider their meds. No offence intended for the account @Doz on TSE... but this is pretty basic stuff really. View attachment 11161
Err what?Maybe well should ask his optometrist. I think you should retract that statement.