BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
mrgds
Regular
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
Pom down under
Top 20
AARONASX
Holding onto what I've got
Here is hoping it's ONLY 1 or 4
A capital raise in the stock market can be a good thing under several circumstances:
A capital raise in the stock market can be a good thing under several circumstances:
- 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.
- 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.
- 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.
- 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.
- 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.
- Meeting Regulatory Requirements: In some cases, regulatory requirements or compliance standards may necessitate raising capital to maintain operations or meet industry-specific thresholds.
robsmark
Regular
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.
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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).....
(This is all said in hope I have a massive pile of egg on my face).....
buena suerte :-)
BOB Bank of Brainchip
Thinking the same...Something (BIG) to announce in the 4C?? ....
EDIT ; just trying to stay positive!!!!!
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Pom down under
Top 20
Guess we never sold enough edge boxes
Or maybe we sold too many and we need to produce shit loads more
Or maybe we sold too many and we need to produce shit loads more
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.
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.
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
Regular
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
DingoBorat
Slim
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).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
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??..
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Trust me… you don’t want to know! Same with the German forum later…. Disgusting people
I also don't have anymore to give. I'd take 4 bucks whilst in this shitty mood
DingoBorat
Slim
The "agreement" allowed for extensions of the pricing period, if there were shares unsold remaining, but maybe this option wasn't taken up?..
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