I personally did not mean nationality. The text clearly states 'Register address Australia or New Zealand.' So if I, coming from Germany, say 'I thought the offer was only for New Zealanders and Australians,' it should be clear what I mean. That’s why I wondered. By the way.. my bank still didn’t send me an offer. Thank god, I could buy cheaper by the free market!Catching up on some older posts…
The way I understand it:
Shareholders will NOT be eligible to participate in the SPP, unless they have a registered address in either Australia or New Zealand.
(It is not about nationality, though.)
You need to read your bank’s notification carefully!
This is what Consorsbank sent me - they explicitly note that it is your own duty to check in advance whether or not you are eligible to participate in the SPP, as they won’t do it (“Wir werden dahingehend keine Überprüfung vornehmen.”) and thus can’t be held liable.
They will, however, block the amount of money equivalent to your share purchase, once you have submitted your application form, so this sum won’t be at your disposal until BrainChip will have notified your bank that they won’t accept your order. (Not to mention possibly still charge you transaction fees.)
While it may feel unfair to be “discriminated against” for not having a registered address in eitheror
, the upside is, there is no need whatsoever for affected shareholders to have a guilty conscience when buying from anonymous strangers on the open market instead, which will currently get you quite a few additional shares compared to the fixed SPP issue price of A$0.193!
No financial advice, though.
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BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Good morning,
As I mentioned 2 weeks ago (approximately) the Investors Quarterly Update Podcast was hopefully going to be
presented during this week, "all going well" but delays do happen.
As we are basically halfway through this current quarter, I would have thought some commentary on our Akida AI Edge-Box
would have surfaced by now, as Sean will be addressing a question from Tony on this subject, maybe that's the hold-up ?
Close of business next Thursday sees the SPP done and dusted, with the pressure continuing on our share price below the
19.3c offering, it will be very interesting to see how the uptake plays out.
The talk of takeover again, seems to me as a signal of desperation, I still believe we will succeed on our own, at the edge, but
I'd certainly be lying to say this last 2 years have been easy, many have a sense of being somewhat pissed on different levels.
Have a pleasant weekend.
Tech
As I mentioned 2 weeks ago (approximately) the Investors Quarterly Update Podcast was hopefully going to be
presented during this week, "all going well" but delays do happen.
As we are basically halfway through this current quarter, I would have thought some commentary on our Akida AI Edge-Box
would have surfaced by now, as Sean will be addressing a question from Tony on this subject, maybe that's the hold-up ?
Close of business next Thursday sees the SPP done and dusted, with the pressure continuing on our share price below the
19.3c offering, it will be very interesting to see how the uptake plays out.
The talk of takeover again, seems to me as a signal of desperation, I still believe we will succeed on our own, at the edge, but
I'd certainly be lying to say this last 2 years have been easy, many have a sense of being somewhat pissed on different levels.
Have a pleasant weekend.
Tech
DingoBorat
Slim
So you say you're going for 300k in both your personal and Super? .Guess you are right @DingoBorat and 300k shares is a better number than 200k only 75k to go between my personal and super totals and I better hurry up while the downrampers on here and HC are working overtime, plus I’ve gotten an extra 4000 plus shares buying them on market and not on that fab offer the company were giving us SH
View attachment 67764
That's Fantastic Pom!
Dallas
Regular
Richard Hulskes on LinkedIn: Our first two Edge AI Technology Reports in collaboration with Wevolver…
Our first two Edge AI Technology Reports in collaboration with Wevolver and the tinyML Foundation have become foundational pieces of content for engineers…
Call me when you get to 650k..
Pom down under
Top 20
I never liked teachers at schoolSo you say you're going for 300k in both your personal and Super? .
That's Fantastic Pom!
View attachment 67816
Ethinvestor
Regular
Evening Ethinvestor ,
I do not know...
This is from Google, explaining examples.
eagledocs.atlassian.net
Regards ,
Esq.
I do not know...
This is from Google, explaining examples.
About Mandatory or Voluntary Corporate Actions - Accounting V17 - Confluence
Regards ,
Esq.
Ethinvestor
Regular
I know..i googled too ..my question was more specific ..but thxEvening Ethinvestor ,
I do not know...
This is from Google, explaining examples.
About Mandatory or Voluntary Corporate Actions - Accounting V17 - Confluence
Regards ,
Esq.
DingoBorat
Slim
Looks like it might have to do with the SPP, but if it does, their records are wrong and they didn't read the Share Purchase Plan Offer documentation..
Which doesn't really make sense, for a Company, with a Global shareholder base..
Frangipani
Regular
Hi Ethinvestor,
I assume it refers to the SPP offer.
However, if your friend in Europe does not have a registered address in either OZ or NZ, he/she would not be eligible to participate in the offer anyway, cf my earlier post:
Catching up on some older posts…
The way I understand it:
Shareholders will NOT be eligible to participate in the SPP, unless they have a registered address in either Australia or New Zealand.
(It is not about nationality, though.)
You need to read your bank’s notification carefully!
This is what Consorsbank sent me - they explicitly note that it is your own duty to check in advance whether or not you are eligible to participate in the SPP, as they won’t do it (“Wir werden dahingehend keine Überprüfung vornehmen.”) and thus can’t be held liable.
They will, however, block the amount of money equivalent to your share purchase, once you have submitted your application form, so this sum won’t be at your disposal until BrainChip will have notified your bank that they won’t accept your order. (Not to mention possibly still charge you transaction fees.)
While it may feel unfair to be “discriminated against” for not having a registered address in either
No financial advice, though.
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View attachment 67802
My bank in Germany also set August 12 (10 am CEST) as the deadline for the submission of the SPP application, presumably so they can process it and forward the info to BrainChip in time before the offer’s closing date (August 15, 5pm Sydney time) - you’d think in this day and age when we customarily no longer use carrier pigeons, they wouldn’t require that much handling time, but hey…
DingoBorat
Slim
Frangipani
Regular
I got a 15 min phone call while I was writing my post plus I had to look up my bank’s notification and screenshot it!
Last edited:
I guess it will reduce the amount of oversubscription for this raise.
DingoBorat
Slim
I don't think they have to worry about that
..Although buying in the SPP, does directly support the Company, taking the full allocation, would be giving the Company an almost $2800 "gift" at current levels and I'm not sure people are that generous (at least when it comes to investing).
If it is fully taken up, or even oversubscribed, I'd hazzard to guess, that it wasn't "genuine" shareholders.
Oh yer, you are right, its late i mixed it up with the TLG raise (i hold there as well).I don't think they have to worry about that
Although buying in the SPP, does directly support the Company, taking the full allocation, would be giving the Company an almost $2800 "gift" at current levels and I'm not sure people are that generous (at least when it comes to investing).
If it is fully taken up, or even oversubscribed, I'd hazzard to guess, that it wasn't "genuine" shareholders.
Wochenende
Dallas
Regular
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Seeing Through the Grass: Semantic Pointcloud Filter for Support Surface Learning https://lnkd.in/gU_HY6J2 The Semantic Pointcloud Filter (SPF), a…
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