What sort of person spends heaps of energy bagging a stock they don't own?, page-6

@showstring

i agree with you on the echo chamber - but obj was always an obvious deception. they never released anything about profitability revenues or anything financial - just hyped contract talks with various counterparties with not even unit volumes to discuss. just talked some occassional contract receipts that at no point would have supported the stock valuation and gave no indication of even gross postive fcf

its a spivvy stock controlled by a brokerage with some hnws who get set - pump out a new data point - sell into the retailer fomo - then let the thing collapse back - because its just a shell vehicle to give the directors something to pay for their costs of living

echo chamber really applies when its only retail noobs talking to retail noobs - none of whom know how to value stocks

BUD's just done a $23m placement to instos. You dont get that size away without substance - though its not a risk free assurance. but legally thats a srs risk to ceo and board if that was done on a falsehood. sophistcated investors do sign away a fair bit of contractual protection - but not protection from outright deception

esp when thorney Investments are involved. they are some of the smartest cookies in the tech space and not backward about comign forward if they think theyve been misled by all accounts.

and what it does tell you is that people who know how to do valuations did the numbers and were happy to take an exposure.

given that the, mainline probability outcome on BUD is that its unlikely mostly a gross misrepresentation like GSW - the question will be on valuation and income receipt stretch - given all this hubhub about both GSW and the overalll market correction a few weeks ago clearly shown overall market risk appetite has contracted a bit

BUD also not on anythign like the market cap GSW was. GSW is still higher capped than BUD even after GSW halved its sp

but that market response will turn on whether BUD's response paints stronger or weaker fundamentals than market expects.

right now id say people are pretty glass half empty and risk aware