Clever Leaves Holdings Inc (CLVR)

[kahlua]

This guy lacks all credibility. I’ve seen a few of his previous presentations and his due diligence is extremely sloppy probably due to him analyzing far too many companies.

If he did any homework on CLVR he would know that a path to profitability has not been forecast by the company. The cash burn rate is forcing significant ongoing dilution via the ATM shelf offering which he didn’t even mention. Share count was 42M at last count and I expect it to be at least 46M+ when they report Q3 results. Also, the short position is updated every 2 weeks on Nasdaq and is averaging roughly 1M shares. That’s not a lot of short fuel for a rally.

I do agree that if SAFE+ passes in the lame duck session CLVR could double to $1 but make no mistake, if that happens, the company will be dumping new shares into the market as fast as they can.