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25.5¢ brainchip holdings ltd

Ann: Annual Report FY20, page-18

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Rgupta11in

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26/02/21

11:23

Post #: 51355605
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Originally posted by Fact Finder: ↑

Going through the Annual Report two things to note as at the close of business 31 December 2020 the company was in a strong financial position as was advised in the last 4C so no surprises.

Financially the most significant matter is stated in the following extracted paragraph that the loss for 2020 includes the receipts from LDA Capital as an accounting loss:

"We are pleased with the success of the funding arrangement which has placed us in a strong cash position;
with US$19.1 million at year end and access to an additional A$34 million. Shareholders should note that the
treatment of this arrangement as a financial derivative related to the improved share price and the stronger
AUD$ created a US$15.6 million non-cash accounting loss"

Otherwise from the first quick read nothing of note that had not been disclosed previously apart from confirming that Anil Mankar continues to hold as was agreed by most on here when questions were raised by the posting of a top 20 list.

My opinion only.

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Atleast someone is talking sense.

BRN Price at posting: 51.0¢ Sentiment: Hold Disclosure: Held
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