Hi Yak,When it comes to NDA's and Announcements it is not that hard to say something without causing issues from both ASX compliance & NDA's.
Many other companies on the ASX do this every day! Just got to do your job I guess. lol.
An example of roughly what could be possible might be below -
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BRN is happy to announce that it is stepping into the future with continual progress being made on its Cortical Akida project. BRN management see this being the next step in evolution of the "Chip" and in Edge Ai. While still under development which carries no guarantees it is hoped to be be completed within the 2023-2024 time frame if successful. Brainchip is not aware of any other company researching for commercial use a Cortical Ai Chip or IP.
Blah blah blah .... a bit about what a Cortical Ai is about etc.
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or
BRAINCHIP is please to announce that they have entered the last frontier namely SPACE with several AKIDA chips being used in spacecraft to evaluate their performance and suitability to this challenging environment. While not currently of significant value to the company in a dollar sense (only 4 chips) it it hoped to open the way for future involvement in what is deemed to be the last great frontier.
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NOW .......BRN Management has a DUTY to keep both the Market & Shareholders "informed" of its business including any advances being made. This is actually a requirement of the ASX and ASIC. To NOT do so is actually misleading the shareholders & Market.
ASX cannot ask for specifics if it is under development & or Evaluation and these are as yet unknown. Cannot even say who is using because they might decide to not be customers and naming them now would be inferring them to be customers & misleading the market.
But it is KEEPING the Market & more importantly shareholders informed of projects and their development.
Shareholders have the right to being kept informed of their companies progress beyond 4C etc.
Now I know we have a bunch of scientists running the show. But a Company and its CEO have a duty to shareholders to MAXIMISE the VALUE of the company both in its products & Share price (Asset base).
Its not just about making the world best Coffee Maker its about bringing VALUE to the shareholder and their assets (holdings).
Maybe we need a compliance Officer who will push back at ASX Compliance and fight a bit to get News and Info onto the ASX.
NOTE: Giving misleading or False info is a no, no and not what I am talking about.
All this is my own take and opinion on things. My compliance days were long ago but still relevant to understanding the issues. You just have to have a go at pushing stuff through , not take the easy way out. You have to have the desire to do this!
ps. A Lawyer can always find a problem with anything written or write (word) a document that will pass muster. Its his job & Career. His choice.
DYOR. ( I know I will get criticism for this post)
Yak52
PPS. Some NDA .....B/S about naming companies. ASX Compliance cannot require names unless a contract has been made or is in progress.
Otherwise it is inferred and potentially misleading.
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So where did you get the information about the Cortical Akida from?
... or the 4 chips in space?