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TenKay

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TenKay

Re: BurningMan post# 69991

Wednesday, 01/17/2024 3:34:36 PM

Wednesday, January 17, 2024 3:34:36 PM

Post# of 71072
Michery is going to have to raise another $150 million at the very least in 2024.

With the market cap hovering around $70 million at times there is only one way the stock price can go this year with that dilution and it is down.

Another 90% drop is likely from the dilution alone.

If he runs out of sources of cash, this thing will implode quickly.

1) Do I own stock?
Answer: No. I don’t invest in penny stocks.
2) Why am I here?
Answer: I like debating things that I have a 95% chance of being right about.
3) Am I a paid basher?
Answer: Wait…what? You can get paid for this?

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