You can't have $3 millionin profits with $49M in LOSSES!
I think you meant: $3M in revenues
[] The CASH BURN here is way ahead of business operations [] In a MATURE [] SATURATED MARKET [] In which they're going after a VERY SMALL niche
[] A CON 60% shareholder [] with ~80M shares
[] who HAS NEVER RUN a profitable public company [] Has SIX BANKRUPTCIES to Her credit
[] with the OPPORTUNITY to easily gain 40M more shares, [] in an UPSIDE-DOWN UNPROFITABLE entity, [] currently running a $9B valuation...
Is going to GET LIQUIDATED!!
Take the money & skip the next DECADE of WORKING to reach profitability & EARN the valuation! You'd only be RUNNING IN PLACE to try to make the valuation fit the fundamentals...
They could work their asses off for the NEXT 5-10 years & NOT have the fundamentals RISE to the RIDICULOUS ~$9B valuation!!
If anyone here won the lottery, &/or had $10B in the bank: Would you BUY this for ~$9B & think it a good deal? Where are the yearly profits? Where is the MONEY to substantiate the valuation? There is none!
And THAT is why I am SHORT here!
Insiders & previous warrant buyers are SELLING... & when the 60% FAT ORANGE FRAUD main stakeholder gets the chance, She'll do likewise, She will! If She isn't already... Never ONCE ran a successful public company.
If anyone here opened & new company with MOUNTING LOSSES & HUGE multi-million dollar CASH BURN & found their stock trading at ~$7 - $9 BILLION valuation -- They'd LIQUIDATE IT TOO - ASAP!! Because the chances one would be able to work their ASS OFF -- for the NEXT DECADE & EARN that valuation -- is EXTREMELY UNLIKELY!! Most businesses FAIL!! And this will too...
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