Valuations and research reports, especially for ti
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Posted On: 10/13/2022 9:12:26 AM
Valuations and research reports, especially for tiny otc stocks, have a long history of making them look like the person paying for them, wants it to look
I know, tell me that the preparer of the report has all the credentials and blah blah blah. I can take statistics, facts, projections and justify almost anything because its all based on the preparers assumptions
Enter common sense. You know what ultimately determines what an asset is worth? Its what someone is willing to pay for it.
Nobody, and I mean nobody, was willing to pay $50m for that asset, let alone $500m, why?
JM wasnt able to borrow $10m clean money using that $500m asset as collateral, why?
Nobody was willing to pay more than $5-10m in market value for shares of gnbt that owned a big part of that $500m asset, why?
What got the stock trading well over $2? The bs story about qualifying for nasdaq. The con job of the screwed up dividends that pressured investors not to sell and buy more for fear of missing out
The $500m valuation played no part in the above, why?
Lets look at the ringleader of it all, JM. In retrospect, wheres he fit in on the list of trustworthy ceos? successful ceos? How did he enter the picture with his pal MC?
He slithered in praising everything gnbt was doing, then took control with as much executive pedigree of a 6 year old girl running a lemonade stand.
This is the story where every piece of evidence (sans the mysterious, paid for valuation report), every bit of common sense & logic, every bit of failed outcomes dictates a snow job, a report used to influence investors
I know, tell me that the preparer of the report has all the credentials and blah blah blah. I can take statistics, facts, projections and justify almost anything because its all based on the preparers assumptions
Enter common sense. You know what ultimately determines what an asset is worth? Its what someone is willing to pay for it.
Nobody, and I mean nobody, was willing to pay $50m for that asset, let alone $500m, why?
JM wasnt able to borrow $10m clean money using that $500m asset as collateral, why?
Nobody was willing to pay more than $5-10m in market value for shares of gnbt that owned a big part of that $500m asset, why?
What got the stock trading well over $2? The bs story about qualifying for nasdaq. The con job of the screwed up dividends that pressured investors not to sell and buy more for fear of missing out
The $500m valuation played no part in the above, why?
Lets look at the ringleader of it all, JM. In retrospect, wheres he fit in on the list of trustworthy ceos? successful ceos? How did he enter the picture with his pal MC?
He slithered in praising everything gnbt was doing, then took control with as much executive pedigree of a 6 year old girl running a lemonade stand.
This is the story where every piece of evidence (sans the mysterious, paid for valuation report), every bit of common sense & logic, every bit of failed outcomes dictates a snow job, a report used to influence investors
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