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Damn you @DingoBoratNew Fool article showing their form and complete ignorance of facts and available information.
https://www.fool.com.au/2022/10/19/...e-price-continue-its-growth-run-this-quarter/
First part of the article is reasonable, but last two paragraphs, outlining a possible difficulty of raising additional cash in the future, "if needed"
completely ignores our current arrangement with LDA capital..
For those shorting BrainChip, the narrative might be based on the company’s unprofitable nature. Despite holding a stack of cash, at the current rate, BrainChip only has roughly one year and five months’ worth of runway left until it would need to either take on debt or raise capital.
If we’re still in a cold market at that time, the company might find it difficult to raise capital. At the same time, debt costs could be much higher due to increased interest rates
Shoddy "journalism"? at its best..
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I just read your MF word jumble which amazingly got the closest for a very long time to almost making sense and being factually accurate.
Just in case the author can read and there is some chance this time the following points could be looked at for the next attempt:
1. Annual expenses for previous tax year of approximately 9 million dollars have so far this year been offset by about 50% due to income growth over the first half year.
2. The current cash in hand assuming the current income growth is reflected in total receipts for the full year will basically have funded on going operations.
3. If you have income equaling or exceeding expenses mathematically it is impossible to run out of money - even a retired lawyer can work out that maths.
4. If income growth slowed the current cash reserves can be replenished as LDA Capital has contracted to provide further capital to Brainchip and as it so happens even if it does not require further capital Brainchip is obligated to make one further draw down prior to 23.12.23.
5. Some might say Brainchip is swimming in money or at least standing waist deep for the foreseeable future.
6. Brainchip has now achieved a multi year record by continuing unopposed as Scott Phillips sixth best pick on the ASX out of over 2,900 companies.
Tip for the two authors:
Playing good cop, bad cop requires intelligence, skill and experience.
Your respective efforts to assist those in over their short heads is entirely transparent and has not actually worked.
The only way to be an effective trusted advisor is to spin accurate information with the intended slant.
The moment you miss state the facts or lie and this is discovered you loose all credibility. Having lost all credibility it is time to seek a transfer to other duties in the hope your names will be forgotten and you can come back for another try.
My opinion only DYOR
FF
AKIDA BALLISTA