Apologies for going MIA — I’ve been offline the past few days and only just catching up. Saw a couple of replies and didn’t mean to go dark.
I’m not a long-term holder, but even from the sidelines it’s pretty bloody brutal. Years of loyal holders getting smashed by dilution, and now the instos get handed the golden ticket — lowest raise yet and free long-dated options? At this stage of the game?
Retail’s been bled dry while these guys stroll in and get the upside. It’s a slap in the face, plain and simple.
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