What will the BIG SPIN be this year?
ASM 2021 spin: IN FOUNDRIES! - COMMERCIALIZATION IMMINENT!
ASM 2022 spin: KITCHEN RECIPE'S BEING TWEAKED FOR YEAR END PDK COMPLETION!
ASM 2023 spin: VAGUE DEAL PROVES COMMERCIAL ACCEPTANCE (no matter that it was with Polariton for plasmonic, research-oriented - non-volume devices, or that 200mm wafers in Foundries were't working yet though...oops!)
ASM 2024 spin: ??? Revenue projections? ???????? I can't wait.
DOD: No manipulation that I see - the price is still 9x the historical market cap, and is one of the highest pre-revenue mcaps in all of the market (just do a screen on Zacks to verify).
Institutions buy the index - so if they bought at $18 a share, so what? It's passive...no need to think a big institution like Blackrock is going to pay any attention to anything a CEO of a 20 man company says when their investment approach is passive.
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