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Sunday, January 08, 2023 12:08:49 PM
So I went to Yahoo Finance and looked at market cap and outstanding shares of some of the companies in the sector and see just how undervalued $REII is - even if you assume all the shares in the preferred would eventually be converted to commons but still held by insiders.
https://finance.yahoo.com/quote/RIVN/key-statistics?p=RIVN
RIVN Market Cap (intraday) 15.25B - Shares Outstanding 883.4M
LCID Market Cap (intraday) 11.43B - Shares Outstanding 1.83B
PWR Market Cap (intraday) 20.09B - Shares Outstanding 142.9M
PLUG Market Cap (intraday) 7.58B - Shares Outstanding 582.9M
And I could continue posting these numbers, but I believe rational investors get the idea, that $REII's market cap could easily support a valuation in the $BILLIONS as it begins to roll out its products, and that valuation could be assigned by the markets before the company begins to become profitable, as in the above examples!
![Bullish](/static/images/ih2-bull.png)
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