Another Notorious Theory. 🛥
$Forza X1(FRZA.US$ this company has POOP revenue. 2020/2021 the had ZERO net sales. They plan to do like a dealership model for sales. How well are dealerships doing? 👀 Make money off the pop. Then, short - short - short ⬇️ ! This stock has 2 years on the market. There will either be a merger or delisting. This IPO is for them to raise money to cover R&D production costs and gain a valuation to sell it for a good profit in the near future. My valuation is 1.00 or less. #BecomingTheVillian
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I love averaging down and long walks on the earnings sheets. Stocks only go up 🦍↗️🦍↗️🦍↗️
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PepePumper : They're building a factory and actually have tangible products in the pipeline. This isn't just a memestock that doesn't actually make something or an over-hyped pump & dump. Although it will probably settle down once the hype dies down. They have potential to gain a huge foothold in the electric boat market.
NotoriousTrading OP PepePumper : I hear you but where’s the numbers? Institutional investors? My belief: they are just funding the infrastructure for a bigger more capable name to buy. But this current team isn’t a long term IMO. Believe in your convictions, I enjoy the conversation
pennypincher NotoriousTrading OP : yhe company really doesn't look good on paper. they went from a positive cash on hand to in dept over a million dollars. whatever they did was a big move and out of line with how a company should progress. this will be no different then MULN in a week's time but today it will look like Tesla. lol
NotoriousTrading OP pennypincher : Let’s get this bread
PepePumper pennypincher : They're building a factory and spending a lot of money right now. But don't yet have a product to sell. Assuming everything goes well it will be a while before they establish themselves. But to fundamentals are there. Even the big EV makers have struggled this year with supply chain issues, etc. despite having functioning factories.
PepePumper NotoriousTrading OP : I get what you're saying. But if they sell at a fair price, that's still good for the shareholders. They already have a pretty good proof of concept with their parent company already making an electric boat. It will be a while before we see any major moves. But who knows... Elon didn't sell Tesla even though he could have in the early days.
pennypincher PepePumper : another MULN in the making. enjoy the run up, maybe a squeeze down the road but take a lesson from MULN and know they will need a billion dollars from the retail investors to become anything