That is about right, it is rare that anything in the realm of actual due diligence that gives insight to what is really going on with this company gets pinned. 🙄 The wild speculative fervor that once dominated here has for the most part been revealed to be just that through the filings and previous press releases. It is getting much harder to flip to the next fool.
In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets with a purchase price drastically exceeding the intrinsic value if those assets can later be resold at an even higher price.
In this context, one "fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero.
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