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Sunday, October 15, 2023 1:46:44 PM
This ain't that hard.
The balance sheet is massively inverted and has no chance of ever coming up for air.
So JK needs to continually massively dilute, using the most egregious OTC financing available.
When his funders need liquidity to exit, JK puts out another vague, barely believable tweet to get just enough retail attention, which is sold into.
Sometimes these things bottom out, if only temporarily.
Sometimes they never do.
I'd like to see the former, but agnostic enough not worry about the latter.
GL.
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