DKNG ANYONE: see DraftKings announced diluting 38Mill shares? Most of my friends keep saying it's a "CAPITAL RAISE" & praising it, but more than half the shares are going to underwriters, bankers, & early investors at $10 (when the price was at $41 yesterday).
These stocktwits, etc. boards keep saying it's "no problem"...I think it is, who's right? In WHAT WORLD is it NOT more supply? Which makes my shares less valuable, at least in the short-term. Second, they're NOT profitable. Third, they have a HIGH CASH BURN. Fourth, they just announced doing a streaming/TV kinda deal (more CASHOLA, out the window, to set it up), ...and oh yeah! Fifth, they DEPEND on sports & there is NONE!
Baseball might not even play AT ALL, & every sport season is under threat of being shortened, Covid-issues linger, the gov't is stopping the FREE stimulus checks for the masses, & everyone keeps CLAIMING "it's all good" & the stock has been ripping!
But on what planet is DILUTION actually "good"? MORE than HALF the MONEY from dilution is not even going to the company... Thanks for hearing me out cuz I feel alone out there wondering what these guys are talking about...
Appreciate any insights, help & advice members of this board might care to share... Thanking you in advance.
Market Data 
Markets 
AI
