Jun. 24 at 10:00 PM
$RBNE Investors be careful.
Hey guys, I hope everyone is doing well. I know this business gets no analyst coverage so it’s been difficult to value.
I’ve combed over the 6k’s, 20F’s and modeled future financial’s for DCF’s.
The financials have been intriguing to me for a while and at first I thought we were dealing with an inefficient market.
And I rationalized this to myself because of the price gap between Toro and Robin. In an efficient market logical arbiters would take advantage of the price gap between the peer companies and converge them back to efficiency.
So at first it seemed like we had found an incredible edge that the rest of the market hadn’t seen.
But the deeper I went into the 20F the more horrified I became.
I have no position in this company. I’m not short selling. And I don’t throw around the word scam lightly, as I hate the “everything is a scam” mindset.
But this business is a giant red flag listed on the nasdaq.
(Screenshots for 1000 characterRule)
