Nov. 16 at 7:04 PM
$LAES [Derivatives] Here more than most, I have highlighted the games that are being played on the secondary (derivatives) market. Institutions write an incredible number of short-term Calls (below is 11/21, for example), then rotate the stocks out of the money because there are shares available to do so. It is absolutely no surprise to me that the SP fell at/under
$4.50 on Friday (11/14), inline with the Option trading (below). That said-I have also been consistent here with my intermediate term valuation,
$2.0-4.0B as the Company launches QS7001 ASIC and continues to build into multiple PQ verticals [Drones, Crypto/Blockchain, Smart Infrastructure, Space-Based Telecom, ASIC (as noted) and more]. The balance sheet has strengthened considerably under strong management now with the flexibility to scale/grow/diversify through M&A or otherwise without financial impediment(s). Multiplier upside, and I have been consistent here since
$1.7-1.9.
