it does not matter until it does....and whenever that happens, and it will with 100% certainty, this will correct to $40 or so, where the true fundamental value of this company is...cheers!!
unfortunately, you should understand that holding this stock presents a TREMENDOUS risk...one more wrong thing with ANY of the reactors around the world and that will be the end for nuclear for the rest of our lives...URG would go to 1 penny immediately and stay there until ch 7 or 11...and with cheap fossil fuels, there is absolutely no demand or interest to build new nuclear plants...hence this stock will be in the pennies for a very very long time unfortunately...all of this sucks because I too hold some of it, but I have now pretty much realized to write this off for one to two decades, because it seems we will have cheap oil and gas for a very very long time to come...
there is NOTHING transparent about this Company (same story as with tsla). The financial reports are some of the most difficult, cryptic reports I have ever read in my professional financial career, it is very analogous to the Enron financial reports prior to the collapse. Sell side analysts are motivated by one thing: MONEY. The way they get compensated is by their brokerage selling the stock they cover. Talk about conflict of interest lol. if you don't know any of this you should NOT be buying individual names in the market. Cheers!
you don't have any money because you buy scam nonsense like this stock...and going forward you will be parted with more money if you keep buying, as the famous saying goes "a fool and his money will soon be parted". Cheers!
Investing in solar is one thing, investing into a leasing/financing company masquerading as a solar company (scty) is a totally different thing. Cheers!!
He never bought $50 million worth, he is NOT that stupid, he only bought a small $5 million chunk with the money he BORROWED from the underwriters in the most recent TSLA secondary. He was doing the SAME thing to keep TSLA shares afloat for years now. I am 98.9% confident, however, that the same fate awaits SCTY as we have seen with SUNE recently. It is pretty much a no-brainer, you'd have to be a total idiot to hold this leasing/financing company scam masquerading as a solar company roflmao!!!!
They will be forced to do another big reverse split and subsequently another HUGE round of dilution...anyone holding this stock is doomed and will NEVER make their money back. Cheers!!
Thank you sir, best of luck to you as well. And even though "I have no idea what Im doing " (LOL considering I'm a pro financial analyst), I have been heavily short this bubble since the $140's. Hence I'M MAKING CHEDDAR, wish you the same sir lol!!!
yes I have, what about it? EBITDA next year will be significantly below the EBITDA they earned over the past year, as the revenue has cratered...so based on next year's much lower EBITDA the EV/EBITDA multiple is actually quite high (in the teens). That will come down into the single digits next year since a business with declining revenues and issues with their product do not deserve to trade above 8x multiple. Cheers!
why should he go to jail for shorting a total scam of a company and total scam business model? No sense at all...see you below $30 soon, cheers!!
and you sir, based on your amazing comment, need to take some elementary accounting classes as well...and stay away from individual companies, because people like you that can not read financial statements get trampled by awesome scam artists like Elon Musk...cheers!
you need to go back and take some elementary accounting classes before investing in the market bro...just some advise that will help over the long term. Cheers!
and btw I shorted here over $120, you can go back and see my posts about that from before. So I have done my research for many months on this trap before making my conclusions. Go look at my other short positions (like gmcr, yelp and scty)...many of them have been spot on as far as my understanding of those bubbles...this is yet another HUGE bubble...
I am a fundamental short here, hence these bounces with no news mean nothing to me...I am analyzing their financials every quarter and analyzing the market they operate in to make my conclusions as far as their long term normalized earnings potential. I do not care about technicals for the most part, but in this case, with no real news to change anything fundamentally-related to this company, I am just saying it is some short covering that is driving the strength today. That is all. The overall thesis has not changed here at all.
are you really still here?? After the serious beatings you've taken?? Still preaching your chart BS after having bent over?? Learn to read FUNDAMENTALS man, not charts (lol)....see you at $30 later this year!!!!
this is just a technical bounce after the stock got crushed more than 50% over the past six months...after some short covering is completed the downtrend will continue as this company is worth a tiny fraction of where it is currently trading. Cheers!
there is no crystal ball, this is just purely analytical understanding of what a huge capital infusion into this bank means for the current equity holders...you forgot the previous two capital infusions into this trap already, or are you a newbie here and did not go through the last two rounds lol??