The 483 language is not new, we knew this in March. Share count is not new, we've known FD 12mil for a while now. Slight up tick, but float means nothing when TAM is billions. Company must signal non approval or delay when approval is not known, nothing new. This is a bit hyperbolic in language imo. Sure if you bought in the double digits youre deep in pain. But if you are sub 5 basis like many are who have been building positions the thesis is unchanged, the float dilution you've been aware of and expected, approval is inevitable.
Makes sense, apologies!
No worries at all - I appreciate all comments!
The 483 language is not new, we knew this in March. Share count is not new, we've known FD 12mil for a while now. Slight up tick, but float means nothing when TAM is billions. Company must signal non approval or delay when approval is not known, nothing new. This is a bit hyperbolic in language imo. Sure if you bought in the double digits youre deep in pain. But if you are sub 5 basis like many are who have been building positions the thesis is unchanged, the float dilution you've been aware of and expected, approval is inevitable.
I like to provide a summary of the financials, etc. for those who are new to the ticker. Not everyone has been in since before $5.