Tuesday, August 18, 2020 11:41:35 AM
Im just spitballing here. I keep wanting to get back in, but I can’t bring myself to do it, not even at these prices, because no one has explained what is truly going on. It’s either intentional or unintentional on Anshu’s part and I’m really not sure which I would prefer.
In my heart I have always thought he was a good guy. I still think I believe that, but I think he tried to grow these 2 public companies with the same exact model as he did the private company, and you can’t do it that way without a heavy knowledge of convertible debt and institutional financing. I think he got taken advantage of, and instead of circling back and cleaning those up, he keeps borrowing more, to start new entities and fund pipe dreams. At this point I don’t see a strategy back to the valuation or the pps that we once enjoyed. The only way to do that is to clear the debt, and it seems that’s not currently a priority, imo.
I still wish you all the best. I want so badly to load the boat here at this pps, but each time I have tried that in the past, it went lower. I have no idea where the bottom is, this is crazy. I never, ever, in my wildest dreams thought we’d see a pps lower than where many of us first started in this company. This is crazy and it really is super cheap, if Anshu ever starts tackling the notes. I want to be in so bad, but I just can’t. I will stay close and share anything I hear or any thoughts I have going forward. GLTA
“A wise man thinks ahead; a fool doesn’t, and even brags about it!”
Proverbs 13:16
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