I'm not sure if anybody bothered to read the Motley Fool's article, stupidly pondering and trying to inform the investing public (or the group of fools, that choose to take advice from fools..) but not only do they have poor English skills for journalists/investment advisors? But their maths sucks too!!
"This saw BrainChip declare an operating loss of US$8.56 million for the six months to 30 June 2022, down 1% year on year. That works out to be a loss per share of 46 US cents, or 66 cents in our currency"
They go on to say..
"So if you want a reason why BrainChip doesn’t fund dividend payments, look no further than those metrics" ???
Actually, 46 US cents loss x 1.72 billion shares, equates to a supposed 6 month operating loss of 791 MILLION US DOLLARS!!
That's more than 3/4 of a BILLION US dollars!!
Are they really that stupid to put that in print??
Or is that deliberately intended, to be a negative smear on the perception of our Company??
The actual loss for the 6 months is 0.0049 cents per share!!
Considering the quality of their previous articles on BrainChip, choosing to use us almost entirely to draw attention to their "investment picks" and usually with a negative slant..
I'm led to believe, that this is not a mistake at all and is an intentionally misleading statement!
Not only are they fools, by their own account, but they appear to have no journalistic or advisory morals either!
I wonder if this sham article, has anything to do with the ever increasing aggregate short position??
Increased tensions, with Putin upping the ante in the Ukraine, may unfortunately, give them some reprieve..