Good News & Bad News, page-45733

So you admit that PLS is currently losing money with the price of spod where it is.. And then you deflect to "oh but we have $1.6b in cash".

PLS is currently valued at ~$8b. Justify that - bearing in mind the company isn't currently profitable with all the figures we have available to us. I'll wait for the justification. And it better not include wishful thinking responses like "oh, the price of spod will one day be $2.5k blah blah".

The current valuation of PLS is ludicrously expensive and everyone knows it. That's why holders don't mention it anymore. You can't justify the indefensible. Holders were all too happy to justify the valuation when the price of spod was much higher.. Then it went silent when the valuation argument no longer made any sense.. Besides those arguing that it should trade on some ridiculous 20+ multiple. Even those loonies have gone into hiding