If its you, will you choose to set up FBR as your lifestyle company.
Invent and try to perfect a groundbreaking tech. Personally assemble a world first massive robot. Do the engineering and programming behind. Commercialise it globally. Disrupt a notoriously stubborn industry. Deal with investors of course. Stress and work yourself to death - most probably for Mark Pivac.
Does the above sound like a lifestyle company?
Adam Neumann and BUB's founder will qualify as lifestyle founders. Milk the fk out of and cash out a stupid idea or simple products and literally living the lifestyle.
Mark Pivac still has all his skin in the game? Just behind BKW / SOL?
Mark Pivac is funded and paid to carry out his life's work / invention - yes. Like what the company accomplish so far or not in terms of SP, but can you call him a lifestyle founder.
Those calling FBR a lifestyle company either has an agenda or just cant think straight (not saying or digging at you).
Is it the real deal? Did Masayoshi think Wework was the real deal? Did Temasek, Sequioa and Tiger think FTX was the real deal? (List goes on). How did those turn out. Why didnt the markets figure out something's off with those.
Real deal or not, we will probably find out the truth in 2024. Theres no way now for them not to demo the robot and Waas in the US in 2024. But as of now, we are here betting Yes (willingly or otherwise) aganst the Nos.
Re Masayoshi and Wework. Sometimes it doesnt really matter you have a real deal or not. What matters is if your hype / idea is bought.
I will definitely vote no, so will many here. But doesnt really matter. All the big holders / instos will back them.
Get the feeling they feel its no point answering questions on virtual meeting before they hit the US hence theres none. So just limit the audience and questions. They know whatever they say probably wont change markets perception of them and the SP.
FBR Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
