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Friday, June 05, 2020 3:44:15 AM
Let’s again consider the $213 million Bolt Threads raised for a private illiquid venture and with in my view an inferior technology.
Spider silk is exciting, $11.5 million is peanuts for investment firms looking for the next big thing, I expect they’ll have no problem placing these shares.
I agree that it’s not the opportune moment for the R/S and up-list, IMO towards the end of the year with production at full steam would be much better, however initial dilution will not be huge. And once the market and initial investors see the progress and potential this will fly. Market cap will be in the billions within 2 years.
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