“This teetering tower of negative issues is a perfect reason for a mass shareholder exodus.”
“This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse.”
This is a helpful explanation and it’s easy to understand, so thank you. I won’t be taking part in shorting it, but I was genuinely curious so I do appreciate you taking the time to explain it all :)
Completely unrelated, I love how polite everyone and especially you were.
Same! Lemmy is so much more welcoming and understanding compared to the keyboard warriors on Reddit - the inclusivity really helps folks like me ask questions that might seem stupid to others and not feel like I’m going to get downvoted to oblivion/insulted. So thank you everyone <3