Friday, April 24, 2015 2:55:22 AM
Is that clear?
FACT: TCEL has never been worth more than $0, nor anywhere near $37 billion. TCEL is currently worth $0, or approximately -$2 million with their imaginary license and settled liabilities.
FACT: In order for those shareholders to break even (a position worth $15000 back then is worth far less than one-quarter of a penny today), TCEL would need to reach a market cap of approximately $37 billion based on the current post-massive dilution S/S.
FACT: I never said anyone lost $37 billion.
Now correct me if I'm wrong, but I don't think either of those two facts imply that anyone lost $37 billion. I'm not sure why this is such a hard concept to understand.
FACT: Nobody has ever made money going long in TCEL.
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