LubberJML
Oct 31, 9:04 AM
$WRD I have two questions for the market:
Is the extreme IPO valuation of WRD now washed out?
If so, when will that reveal itself?
I made three charts to show why I have these questions for Tony.
Chart 1 asks if Tony and Jen are the best leaders to run a production and sales company. WeRide has built the largest global footprint for AV scaling but do they have the smarts and skills to take WeRide to the next level?
Chart 2 asks the market to make sense of WRD based on where WeRide is today. I can't make sense of it anymore. Can you?
Chart 3 shows the bear flag targeting
$2.86 and this better have Tony's attention. It has his donors (shareholders) attention.
The IPO valuation of the US and HK listings gave WeRide the cash it needed and time it took to establish the company w/o dilution or reverse splits to maintain compliance with enough cash left over to see who wins or loses.
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