I think I had $35K left at some point on that position (-60%)

But now it’s gaining traction

Bear thesis rapidly :

  • CEO is a noob (and a cheater per his Wikipedia page)
  • Conglomerate of unscalable small startups, poised to fail merged all together
  • Cash intensive business with no prospects of an easy FCF generative one to come
  • Money losing business for at least next 3 years (per management) but I predict it will eventually go bankrupt
  • THEY RAISED MONEY ALREADY 5 MONTHS AFTER IPO THROUGH DEBT LMAO

I’ll start taking profit around $8 and will fully exit at $2

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