Jul. 27 at 2:27 AM
$STDN $STDN Bagholders beware: dilution risk grows every dollar this drops 🚨
The math:
• Revenue:
$3.36M
• Net loss: ~
$15M/yr
• IPO cash:
$150M (after cutting the deal by half)
• Backlog to deliver:
$245M — needs major capex to actually produce
Pre-revenue companies don't fund growth from profits. They fund it by selling MORE STOCK. And the lower the price, the more shares they must issue for the same dollars.
At
$15 they'd sell 6.7M shares to raise
$100M. At
$9 that's 11M shares. At
$6, nearly 17M. Your slice of the company shrinks every time.
Weak IPO demand already told you institutions passed at these levels. Watch SEC filings for S-3 shelf / ATM programs — that's when dilution goes live.
DYOR. Not advice.
