I have been to the source and this is the answer:
"Sorry if our notes were not clear on that. We issued 15 million shares to LDA in January and all of the shares were sold. It was done in two tranches because the first tranche (A$5.3M net) was our outstanding obligation from 2021 and therefore was subject to a 10% discount. The second tranche for the remaining balance of A$17.1M, was done at a discount of 8.5%. So we raised a total of about A$22.4M net of the discount. If you have any other questions, let me know."
So without getting too heavily into the maths in round numbers they sold the 15 million shares for around $1.65 or thereabouts and the company received in its hands around the $1.49. Bloody brilliant result in my opinion. Great work LDA Capital and Ken Scarince CFO. Puto can go an suck cabbage leaves he did not disrupt the Brainchip party.
My opinion only DYOR
FF
AKIDA BALLISTA
Yes, I was the one confused and happy to apologise, seemed to be getting $'s and shares mixed up.. I also heard back from Ken, and as you rightly say FF...it was a great result, only one tranche left by 31 December 2023 of $15,000,000 AUD to finalize all current LDA Capital agreements.
I received emails from both Peter and Adam yesterday, and I can share this...the whole company is working to get our next license deal, with some working 14 plus hours a day !!, working on future AI that will be needed 2, 5 and 10 years from now
while also developing applications for AKD1000.
That's what I call a visionary, extremely dedicated to making our company as successful as is humanly possible.
"I believe this is going to be a great year"
Please don't ever underestimate all our brilliant staff around the globe, we and they are ALL pulling in the same direction, the share price will eventually take care of it's self !
It's still highly disruptive technology, WE are the ones riding the first and biggest "Big Wednesday" wave, and it's a monster, only the fearless will succeed, only the ones with true visionary qualities, who know that they have the backing of all the Australian shareholders to cheer them on....the mission has been set, the path is crystal clear and believe me when I say, we are right on course to succeed.
Love Brainchip and all that sail her ! Regards Tech x
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