Apr. 8 at 10:55 AM
The elephants in the room:
🐘 Buyback: This has been discussed extensively. Jet.AI management said buybacks would only be done when it was a favorable use of capital relative to other uses.
Jet.AI needs to raise hundreds of millions of dollars which means
$JTAI is going to be heavily diluted. In other words a buyback may be years away, if ever.
🐘
$FLYX: which is really a disposal of the loss-making Jet.AI flight software.
$FLYX gets the loss-making software, and Jet.AI gets to make smaller losses. There's no profit-making scenario, ie no turnaround in sight.
🐘 Profit / loss: In no circumstance is Jet.AI profitable now, or even in the near-future. Its smaller losses, or bigger losses only, which means ongoing dilution to a lesser or greater degree.
🐘 Pump: I literally laid out a hypothetical road map where 110 million shares of
$JTAI is dumped into the market at various price points above
$1.
