MYTH Ares : don’t think its close to being overbought yet, still more to it but what do i know

MYTH Ares : A filing doesn’t necessarily mean they are diluting right now, correct? it is meant to be a provision. it looks like they have enough cash on hand for operating expenses and assets to liability ratio is amazing. most probably because of the switch in the business model they may require more cash to build out the robots that they lease and a deficit might be created for the duration it takes for the robot to pay for itself.
the filing and the dilution (if it even happens) might actually mean expansion rather than “fighting to stay alive”.
not sure if i am right. do correct me!

MYTH Ares : also i think the short sales shot up today and this feels like shorters taking advantage of the filing.

MYTH Ares 10baggerbamm OP : Yep, it does say shelf registration.
Thanks for the explanation! Appreciate it!

MYTH Ares 10baggerbamm OP : In case you are curious, Cash on Hand is around 14.5M (this is excluding other assets) and all liabilities combined is around 0.9M

MYTH Ares 10baggerbamm OP : Bridge to nowhere
but yea, makes sense. I think this company is doing the right thing for now. would be interesting to see how this develops!
I have been here since the 0.5s and just been taking profits and buying back the dips. so i have very little risk right now but sure do hope that this performs even better.
Anyways, have a great weekend! and thanks again for your insights!

MYTH Ares : what you talking about my friend? 200MA on 15 mins is 3.3 something, isnt it?

MYTH Ares : even that was broken at that time . but doesnt matter, today is an anamoly by the looks of it.

MYTH Ares : Maybe, i am glad they talked about the loss before putting the 10k out. The market should be done reacting to the loss when they talked about it and maybe won’t bring it down again?

MYTH Ares Jiahong Weng : That can be attributed to the business model change. This year should be much better.

MYTH Ares : More like a delisting pump right? Since its getting delisted tomorrow?

MYTH Ares Jaguar8 OP : Ahh alright, makes sense! Didn’t know it had an R/S

MYTH Ares OP : Wasn’t even advice though! Just thinking out loud about my stance, i have been in this since before the hype when it was down in the 0.5s

MYTH Ares : Wonder how shorting is working out for him

MYTH Ares : Do let us know when you sell please! So won’t sell at that point

MYTH Ares : Busy shorting