Apr. 1 at 2:37 AM
$TOYO To everyone bitching on here — there are 3 reasons why this stock isn’t moving on decisively strong earnings: 1)
$TOYO needs to file with the SEC and become a 10Q / 10K filer … US institutions hate the seminannual foreign 20F filers as the governance and reporting transparency is not as strong (many instances of fraud with these types of companies / filers)… so step 1 = formal SEC registration to become a 10Q / 10K filer; 2) the largest holders are random Asian individuals and groups that no one has ever heard of …
$TOYO must facilitate a shareholder rotation away from these insiders and into long term fundamental US institutions following (1); and 3) section 232 presents a massive overhang on essentially everyone outside of
$FSLR and
$TE, and the TopCon litigation is a further cloud of complexity and uncertainty. Both of these must go our way to remove the regulatory and legal overhang. Until then, I don’t see why this thing would re-rate.
