TheFunkMachine
seeds have the potential to become trees.
I just had a thought. All those who have been in Brainchip for a few years remember the Ford announcements. The Ford Ann was forced by the ASX requiring clarification. I may have missed something, but I have not heard a peep from Ford since and Ford has since named other AI partners etc.(can someone link me to any new information regarding Ford and Brainchip) I am not saying Brainchip is not longer engaged with Ford, but what if this information released to the market because the ASX said please clarify affected an NDA between Brainchip and Ford. What would happen with that NDA, well it would be up to Ford if they would like to continue the contract or terminate it. It is a big name to potentially loose based on a breach of NDA. If they got a warning for example, it makes sense why they have decided to go down this rout of absolute silence. They don’t want any of the BIG names under NDA to be breached!The urging of the company to be more forthcoming about our business prospects is a recurring theme in TSX.
Brainchip is caught on the horns of a dilemma - NDAs v ASX ramping rules.
Together with Ford, we have already learnt to our chagrin that the ASX is red hot on IT companies making partial disclosures or covert allusions about possible future income. Making such incomplete disclosures risks the wrath of ASX, and being forced to make full disclosure and jeopardizes our ongoing relationship with our NDA customers.
Now as I said, it is just a thought I had and please don’t take it as truth. Ford still has an agreement with brainchip until proven otherwise.