Ann: Extension of Voluntary Suspension, page-419

Even Niches are worth truckloads in the age of free money.

We need a corporate transaction before all of this craziness comes to an end.

Exhibit A : Velo3D - 3D printing start up.




SPAC led by property investorBarry Sternlicht (ie he knows lots about buildings & not alot about tech) "creating" enterprise value of USD1.6Billlion after investors put up USD300 mill for 21%. .

This is calculated on 2025 / 2026 earnings :

Did I mention last year they recorded revenue of USD19m. So enterprise value is 82 times trailing revenue. 2020A EBITDA was USD -19m.

Lastly I like to introduce their latest director who has been running her own venture fund since 2014. You may know her as the greatest female tennis player of all time..




The world has officially gone crazy & I want my cut!