Look, that is not it. We don't need PRs. We KNOW that we dont, empirically. We just ran, what, 2000% ? What PR caused that? None. Then what caused it?
Answer: Everyone thought dilution was over. That is it. End of story. We need Shiva to turn off the faucet. New investors stay away because they know, just by watching L2, that Shiva is gonna drown them and not think twice.
Even if he did throw a life preserver/PR, its effectively made of lead UNTIL DILUTION STOPS.
There is no reason to scratch our heads and wonder why its undervalued. It is not undervalued. It is theoretically impossible to assign a value to a financial instrument made of an ever growing pool of liquid. There can be no appraisable value because the unit is constantly changing. The liquid is always flowing. Shiva will not stop waterboarding us.
On the one occasion he stopped, we took off like a rocket. What else is there to say? Nothing.
GLTY
