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I know these guys aren't going anywhere anytime soon, and the price looks like it has stabilized, so I quadrupled down lol. Got my average to around 10 bucks. Should be easy enough to recoup in theory.
I have to wonder about these IPO valuations. How much padding do they put in there? It seems to be a common thread. These Companies put their overvalued shares on the market and then the executives cash in their options. Seems like a license to steal. Shares drop >50% and stay down there. Can't really trust the company IPO valuation reports. What's the company "really" worth?