It often does seem too good to be true--that doubt is healthy, though. There is, without a doubt, still a chance this company flops. I think it's dishonest to say otherwise. If these first two sites disappoint, I'd have to imagine the company is effectively done. If Canoe lives up to its modest expectations and Tau is a major disappointment, I think they're likely on life support. It's certainly still a bit of a gamble, but the odds are pretty good and the potential payoff is astronomical.
I would still absolutely love for someone to lay out the bear case for this company. Given their massive short%, it's incredibly frustrating that I've been completely unable to find anyone to do so. I have to imagine that most of those shares sold short are algo-traded based on the company's debt and lack of revenue. Looking at just their financials with no other context, I'd easily be short as well. I'll stay long until I find someone laying out an actual bear case
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