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Deleted member 3781
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Me too I don’t know why some people are surprised about the “no” what did they expect? A detailed disclosure about deals which brainchip forgotten to mention via ASX announcement?The idea that the answer to the ASX when they finally asked would be anything but 'N0' does not make any sense.
If Brainchip were in the middle of negotiations with Nvidia for example it would be exempt because the Rules exempt an incomplete negotiation.
If Brainchip had evidence that there had been a leak they would have already applied for a trading halt as required by the Rules.
Even if a negotiation was complete if it was for a product yet to be manufactured and sold Brainchip argues that as they cannot quantify future sales with precision so as to put a dollar amount on the contract they are precluded by the ASX from announcing it to the market.
As for the 56 relationships all of them are in the public domain that is why we know about them so there is nothing there that the market does not already know about which includes Infineon, OnSemi and Microchip.
Where ARM is concerned that is the most public of any of Brainchip's engagements so nothing new there.
If you were impressed by the 56 relationships and the technology at 10 am today what changed for you during the course of the day that caused you at 4.10pm to no longer be impressed?
I would be interested to hear given that every companies share price will never go up in a straight line and that today the only thing that happened was that the rate of increase decreased and the share price closed less than 2% down after a solid run up far greater than 2% over the last 6 days.
My opinion only DYOR
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