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MR1906

07/25/21 11:57 AM

#12365 RE: surfkast #12364

I agree this upcoming filing will be an inflection point for our PPS.
A. If they exclude Helio numbers entirely (and I don’t know the rules re timing post transaction), it won’t bode well for PPS :-(
B. If they include Helio numbers and it shows toxic debt or other surprises, it won’t bode well for PPS
C. I don’t think the street expects Helio is currently generating mountains of cash. I agree with Hulk that the street generally views this as a startup (at least I do). 2018 is still startup phase in my opinion btw. So, my third and last point is - if we get an upside surprise re Helio numbers in 2 weeks, I do not believe any “upside surprises” are currently priced in and PPS could move significantly upwards

We can go back and forth on the same’ol topics but one new debate is “what’s currently priced in, and what are the potential upside and downside surprises that can catch people offsides and cause a re-rating of PPS”?