BRN 4.39% 59.5¢ brainchip holdings ltd

Reaction to wingers complaining so the company major...

  1. 10,401 Posts.
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    Reaction to wingers complaining so the company major shareholders decide to show us that they are confident in the future by locking their own shares away subject certain undisclosed conditions. (what are these conditions, they do not say). Certainly many of these shares were probably gifted but still they do represent a lot of money.
    some time ago our CEO was engaged and contracted in to deliver $18 mill of revenue over 12 months (or was it 2 years?). That time has gone and he has not as yet delivered on his performance agreements (yet)!
    I am completely neutral on this escrow other that to think its an internal "blood oath" and commitment but proves nothing other than:
    1: they can afford to loose the shares
    2: high confidence message to us wingers
    3: testosterone and blood oaths

    1 is true, 2 is most likely
 
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