Mr JackBNimble
Nothing significant has changed:
- I expected a capital raise on this forum, and it happened as anticipated.
- The overall valuation aligned with what most had predicted for last 2 years.
- In one of my earlier posts, I suggested that Nick should sell some stake at a higher valuation to establish a base. While he raised at $1.25 billion, the raise wasn’t a substantial amount—but that's not an issue. He made his stance on valuation clear.
- I also mentioned in a previous post that I was comfortable selling my shares at a USD $1.25 billion valuation, which is now reflected in the capital raise.
- However, shortly after the capital raise was completed, we saw the first delay, with timelines being pushed back.
- Enthusiasm among posters remains unchanged.
- We’re now waiting for Top Tier’s visit in February. After that, if anyone is interested in pursuing the deal at Nick’s valuation, the full due diligence process will likely begin—adding another 4 to 6 months to the timeline.
This remains a Power Ball trade, and as we know, the odds of winning it are too high.
