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Tuesday, May 07, 2024 5:01:54 PM
The new share structure changed that, and the share count might be even higher if they do another tranche.
now, having said that, with the new structure and no debt to speak of, and with their actually now being ready for the 800G roll-outs, I absolutely believe we will see those higher market caps, but they will be based on the sales going out, not on the former per share prices of a few weeks ago.
Even with 400 Million shares out, they will be fine. Once 800G garners them 20 million a quarter or more in sales, a 180 market cap will be easily doable. I just read another two trade articles about the second half of 2024 being when 800G actually rolls out, so its near... But, again, the new rise in share price will be based on those upcoming sales rather than simply returning to earlier prices just because it was there once before.
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