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Current market cap: over $20 billion. Current quarterly revenues: under $10 million. Float: a measly 17+ million shares. Borrow rates: over 500% right now.
by cs702 8y ago
Current market cap: over $20 billion. Current quarterly revenues: under $10 million. Float: a measly 17+ million shares. Borrow rates: over 500% right now.
Lots of momentum × tiny float = crazy market cap + crazy borrow rates.
Doesn't seem... sustainable.
- superfrank 8y agoIt's not. Sure, the stock crossed $200 today, but it also touched $300 midday before it started to free fall and got halted three times in the last few hours of trading. If you bought in at the peak today, you lost 33% of your investment in about 2 hours. Getting in to TLRY right now isn't investing, it's gambling. Nothing fundamentally has changed about the business recently (AFAIK), but the stock is up 80% just this week and 500% in the last month. Seems to me, the run up the last few days seems pretty much driven by FOMO.
- curiousgal 8y agoIf only something similar in the beginning of the century happened before to teach us a lesson..
- gammateam 8y agohow to convert this to real money: STEP 1) Be large shareholder on the board, advisory or executive team, but not necessarily a founder. STEP 2) Call broker and tell them to turn off the borrow. This is the right way to squeeze the shorts, funding secured. STEP 3) Do a private placement at the new high price. This results in dilution or is sold from the company treasury in exchange for US dollars. Its a secondary offering at the "market price". "We’re going to figure out who did this and we’re going to take them down … provided someone pays us a fair market rate to do so.” “Easy, chief,” I said. “Any rate the market offers is, by definition, fair.” He laughed. “That’s why you’re the best I got, Lisowski."