BRN Discussion Ongoing

[GDJR69]

The delay indicates its obviously NOT a run of the mill working capital raise. These are simple. BRN could have just made a 5 minute call and filled out a form to get working capital from LDA.
Has to be more to it. Likely positive i hope.
Wait and see.

We need a fingers crossed emoji.

 

[buena suerte :-)]

I thought without an annoncement they had to open trade this morning.

'Duration of the trading halt – BRN expects the trading halt will be in place until the earlier of the time at which BRN makes an announcement in relation to a capital raise, or the commencement of trading on Thursday, 25 July 2024. '

They can be back trading anytime today or not!!

An announcement has to be made today...(1) end of trading Halt (2) Extension of TH (3) Voluntary suspension

 

[Shadow59]

We need a fingers crossed emoji.

 

[GDJR69]

 

[buena suerte :-)]

We need a fingers crossed emoji.

 

[DingoBorat]

They can be back trading anytime today or not!!

An announcement has to be made today...(1) end of trading Halt (2) Extension of TH (3) Voluntary suspension

Not quite..

"Note: ASX Operating Rule 16.4. 2 says that a trading halt can be applied for a period not exceeding the commencement of normal trading on the second trading day following the day on which it is requested"

We are currently in contravention of ASX rules, as far as I can tell.

 

[buena suerte :-)]

Not quite..

"Note: ASX Operating Rule 16.4. 2 says that a trading halt can be applied for a period not exceeding the commencement of normal trading on the second trading day following the day on which it is requested"

We are currently in contravention of ASX rules, as far as I can tell.

OK thanks DB

 

[Bravo]

I don't think I can handle too much more of this.

 

[buena suerte :-)]

Here it is !!!!!

 

[buena suerte :-)]

Here it is !!!!!

View attachment 67026

 

[buena suerte :-)]

 

[RobjHunt]

Here we go

 

[MDhere]

View attachment 67028

This is actually good news, someone has come in,
which institution or sophisticated investor took up the 20mil ?

 

[GazDix]

I don't know what I feel more. Anger or disappointment.
The whole last AGM now feels like a dog and pony show which I feel victim to.

 

[Xray1]

I don't know what I feel more. Anger or disappointment.
The whole last AGM now feels like a dog and pony show which I feel victim to.

IMO .... all this can only imply that there will be no IP agreements nor any revenue stream for some time to come.

 

[TheUnfairAdvantage]

I don't know what I feel more. Anger or disappointment.
The whole last AGM now feels like a dog and pony show which I feel victim to.

Yup. And the $3 million SPP is a scrap which is meant to appease existing shareholders

 

[Learning]

Is this our new CMO

Steve Brightfield - BrainChip | LinkedIn

Skilled at working in collaborative, data-driven teams and gaining consensus. Global… · Experience: BrainChip · Education: Purdue University · Location: San Francisco Bay Area · 500+ connections on LinkedIn. View Steve Brightfield’s profile on LinkedIn, a professional community of 1 billion...

www.linkedin.com

Learning

 

[MDhere]

Yup. And the $3 million SPP is a scrap which is meant to appease existing shareholders

yep but the good news is someone took up 20mil, even though we only get to take up 3mil. someone has come in from outside, how do we get to find out who it was?

 

[7für7]

Shorters in 3…2…1…

 

[FJ-215]

Interesting thing for me from the investor presentation......

> Development of a cloud-based FPGA system to run Akida 2.0 for customer evaluation purposes.

So still not taping out an actual chip. Is this a request from a potential customer? Surely we have the cash to do it!