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I think the argument being made is one worth evaluating: "In fact, if they'd waited three more quarters to do the IPO — meaning right here — the stock likely w
by nrb 9y ago
I think the argument being made is one worth evaluating:
"In fact, if they'd waited three more quarters to do the IPO — meaning right here — the stock likely wouldn't be anywhere near this high. With these numbers, you know what, it might not even have been able to come public at all."
Did they know this is where it was heading and rushed to IPO, leaving the public holding the bag? However, It's not as if they necessarily misrepresented their situation, they were pretty clear they have no profits and no clear path to them.
- craftyguy 9y ago> It's not as if they necessarily misrepresented their situation, they were pretty clear they have no profits and no clear path to them. Exactly. This whole thing reads like some folks make a poor choice because they assumed this was The Next Big Thing(TM), and now they are upset that they got burned.
- draw_down 9y agoI think it’s probably correct. But to me that means they’re smart and IPO’d at the right time. They found a bunch of greater fools.