Hi Esq
You beat me to it but this is the link to the Frequently Answered Questions where this information can be found on the Brainchip website.
investors.brainchip.com
sb182 every ASX listed company has to maintain a register of shareholders. A company can do it or it can as most do appoint an agent. In this case Brainchip has appointed Boardroom. Every company has a different approach to the release of information however under the Rules a registered shareholder has the right to personally attend the share registry in this case Boardroom and without payment of any fee inspect the register. Over my time with Brainchip as a shareholder the registry by all accounts has been a little flexible if what others has stated is correct. I have never had the need to contact so cannot speak from personal experience.
On the LDA Capital extension we know it costs about $20 million per annum to keep the lights on. We know that Brainchip has about this amount so about four quarters of cash runway.
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.
So I simply ask the rhetorical question if Brainchip only has enough cash to keep the lights on for the next four quarters ie 2024 where were the funds coming from to turn the AKIDA 2.0 into a reference chip and if AKIDA 3.0 IP is finalised where will the funds come from to turn it into a reference chip.
Socionext and TSMC cost the best part of about $5 million to produce AKD1000. I am not sure if we had sufficient information to work out what AKD1500 cost at Global Foundries. AKIDA 2.0 and AKIDA 3.0 are more complex chips again to produce. If we look at the amount of capital secured via LDA Capital by coincidence the minimum draw down amount of $12 million would likely be sufficient to produce at least AKIDA 2.0.
and may also cover AKIDA 3.0.
I will leave it to others to say whether the production of AKIDA 2.0 and possibly AKIDA 3.0 as reference chips to demonstrate LLMs to customers World wide is a good or bad thing from a commercialisation perspective and a sensible way to accelerate that process.
My opinion only DYOR
FF
AKIDA BALLISTA