Excellent post EichKing. Novel...you mean a book right. LMBO. Claims that the same things over and over are posted is not the case much of the time. New revelations are brought up quite often. Just get ignored though. Because it's the same management bashing. Or the milestones that never happen, with just more months added on to the miss. Needs to be remembered as things get forgotten as to the length of these many delays. How long have we now been waiting for ANY milestone to happen?
What would happen in the real world, not Biotech apparently, if someone found something on your resume that seemed to be fictitious? Give them half a million shares? Or would you get canned. But I guess this is the norm in Biotech. Credibility or accountability are irrelevant in this field.
As for Tesla. Not really a good comparison at all on a company to company basis. But you can have a look at investor sentiment though. They don't have the market cap for how they are doing right now. It's about what could happen in the future. They have to get cars on the road for many reasons, even if it means running at huge losses at the rate they do.
Changing climate for one. Gas stations everywhere, but how many charging stations. Infrastructure has to be built to make the adoption of this product more viable to the average consumer. How much revenue will start happening with regards to maintenance, service, parts, especially as these cars get older and more of them on the road? Economies of scale will eventually allow them to reduce costs, either lowering price or improving margins. Would likely think their plan would be to keep getting more of these cars on the road than turning a profit for the foreseeable future.
So that is what has given them the generous market cap. Investors believe this as the future. And being the first company with only electric vehicles, has given investors hope that they will gain more and more market share each year and eventually may come out As a giant this growing market.
Our price clearly indicates what investors think of the future value of this company. If investors or anyone following this company are forever being mislead on milestones time and time again, don't you think trust in the company as a whole would erode. Obviously it has. Traveling circus has yet to prove anything to make big investors think the future potential is worth the huge risk.
And maybe we will get that 10 bagger Zzatt claims. Too bad we'll only have 1 tenth the number of shares. Don't think we'll get that hundred bagger. An RS of that size would be excessive. LMBO.
And for the running to the defence of Spidey, spot on. Funny though HB will run to the defence of you know who as well. For being so distraught on any name calling towards the one poster, it's strange that they always defend one of the worst culprits. But I guess they're on the right side of the fence in the feeble points they try to make. Or the inability to make any credible argument when it comes to our stellar management and board.
AI
