BRN Discussion Ongoing

[Xray1]

Trust me @Smoothsailing, I do NOT want to get shafted either!

At this point in time I'm just trying to remain positive. At least we won't have to wait too long to find out what the deal is.

IMO .... we just might see a positive 4C revenue situation eventuate this time round ..... because how else could the Co negotiate CR terms and conditions without taking into consideration the post 4C potential S/price and due diligence into consideration.

 

[7für7]

IMO .... we just might see a positive 4C revenue situation eventuate this time round ..... because how else could the Co negotiate CR terms and conditions without taking into consideration the post 4C potential S/price and due diligence into consideration.

I don’t know man… it’s really risky to spread out too negative and also too positive ideas regarding the CR… we don’t know… a positiv 4c? Based on what? Just wait and see… otherwise some people take that comment serious and get disappointed if it’s not the case IMO

 

[manny100]

Ann 27/3/24.
" As of the date of the capital call notice, available funding under the agreement amounts to $50.2M and the company is committed to drawing down a minimum of $12M no later than 31 December 2024, of which $1.1M has been drawn."
My bold above.
Why would BRN have not drawn on LDA if it requires working capital.
Still we will not know for sure until the Ann is released.

 

[Humble Genius]

IMO .... we just might see a positive 4C revenue situation eventuate this time round ..... because how else could the Co negotiate CR terms and conditions without taking into consideration the post 4C potential S/price and due diligence into consideration.

Exactly! Who remembers in the past during the days leading to the release of the 4C, th SP would get pumped, and then drop on no news. That hasn't happened this time

 

[DingoBorat]

There's always the Blues..



Give us "your" best @Diogenese

 

[Boab]

There's always the Blues..



Give us "your" best @Diogenese

I still got the blues for you. Satriani - Google Search

 

[Fullmoonfever]

Ann 27/3/24.
" As of the date of the capital call notice, available funding under the agreement amounts to $50.2M and the company is committed to drawing down a minimum of $12M no later than 31 December 2024, of which $1.1M has been drawn."
My bold above.
Why would BRN have not drawn on LDA if it requires working capital.
Still we will not know for sure until the Ann is released.

I haven't tried to dig into it but is there a SP floor at all that doesn't allow a LDA drawdown below it?

It has been listed as a cap raise not a placement. Not to say they haven't just used diff wording but quite often if it's a direct specific placement or cornerstone, companies usually are happy to outline that in a halt at least.

Then again...BRN often do march to their own beat.

 

[MegaportX]

The thing which has been a deviation from the run-of-the-mill progress of the company recently has been the edge box/server.

I guess that a few EAPs would have obtained Edge Boxes to see the full potential of Akida.

VVDN are supposed to be handling large orders.

https://www.vvdntech.com/vision/akida-edge-ai-box

Then there is the Unigen Edge Server:
https://www.vvdntech.com/vision/akida-edge-ai-box


So, if BRN has undertaken to supply Akida chips to these companies and demand is through the roof and we've emptied our warehouse, we may need to produce some more chips.


Damn, this is strong tobacco!

Think your close to the mark Sir. We shall see soon enough.

 

[DingoBorat]

I haven't tried to dig into it but is there a SP floor at all that doesn't allow a LDA drawdown below it?

It has been listed as a cap raise not a placement. Not to say they haven't just used diff wording but quite often if it's a direct specific placement or cornerstone, companies usually are happy to outline that in a halt at least.

Then again...BRN often do march to their own beat.

"I haven't tried to dig into it but is there a SP floor at all that doesn't allow a LDA drawdown below it?"

There is in my books!

There's still the fact, of at least 15 to 16 million USD remaining in the coffers (assuming last LDA call was completed, below initial price limits).

So why the need for a CR, at an unopportune time, when there are more than 2 quarters funding remaining?..

 

[supersonic001]

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[manny100]

I haven't tried to dig into it but is there a SP floor at all that doesn't allow a LDA drawdown below it?

It has been listed as a cap raise not a placement. Not to say they haven't just used diff wording but quite often if it's a direct specific placement or cornerstone, companies usually are happy to outline that in a halt at least.

Then again...BRN often do march to their own beat.

It could be institutional investors and a SPP. We will know soon.

 

[Earlyrelease]

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[Pom down under]

Exactly! Who remembers in the past during the days leading to the release of the 4C, th SP would get pumped, and then drop on no news. That hasn't happened this time

Don’t think the sp was pumped before the last quarterly either

 

[cosors]

"chip run" - thought you were talking golf there for a minute.

I know nothing about golf, but I have a lot of imagination. I hope the board just holes the thing.

 

[Fullmoonfever]

Never know...maybe GFT want a chunk

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[Tothemoon24]

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[Smoothsailing]

Chinas latest Robot

 

[Pom down under]

Would it be possible that maybe both Peter and Anil are parting with some of there shares at a premium to an interested party to raise capital?

 

[Fastback6666]

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......

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.

I agree, this CR smells of cash for a project/partnership. I did not think any bulk cash was needed at this point.

I feel it is partnership of some sort as BRN have waited for the SP to fall back to a base price (20c) to offer the “partner” a decent deal in shares.

If not for partnership then a bit silly to raise cash back at 20 cents with maximum dilution when they were just at 50 cents not long ago.

Let’s see what it is. Funny though as I grabbed another 20,000 shares yesterday. Still think shares are way to cheap at this level.

 

[MadMayHam | 合氣道]

I don't think this trading halt has LDA as it's main focus. Those agreements are determined in advance and the details known and hammered out such that the halt does not last longer than a few hours. The more than a day delay suggests that perhaps the contract details are being negotiated, legal agreement is being worked out, or terms are being cleared with the powers that be (e.g. Securities Commission or ASX). Maybe the delay is even due to differences in time zones e.g. Europe or Americas.

I wouldn't be too surprised in Mercedes wants in. Fingers crossed.