Exactly. The tell was when they said "no facts there at all champ" regarding:
- revenue falling 8% to US$107K;
- this despite quarter-after-quarter-after-quarter of bullish commentary about all the commercial/sales activity;
- the R&D spend of US$4.4M in comparison to the US$6.2M salary/SBC paid to just 8 people in management alone;
...and in response, they list off a bunch of names Brainchip has been (often loosely) linked with.
A clear misunderstanding of the actual meaning of the word 'fact', I think.
Ann: Appendix 4D and 1H24 Financial Report, page-57
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