8/16/24 - $med - Is it worth a look at $18. weird

8/16/24 :: VROCKSTAR :: MED
Is it worth a look at $18. weird

- this one showed up on my radar again, i couldn't bear to pull the trigger in May at $22 and change

- still a melting ice cube but sales misses are narrowing Q by Q

- what really draws my attention is this thing is PILED with cash. the enterprise value of the business is $50 mn bucks. OBVIOUSLY if they continue to sink into the abyss there's no price i'd pay for that

- but it's also 12 days to cover (massively shorted). in theory they don't burn much cash.

- so what gives. does anyone reading this have a clue that this thing is worth a closer look. i'd LOVE to buy calls in this ape market against this high number of shorts. not like it gets delisted or raises/ dilutes in the next 6 mo. i suppose i could always keep the eye on it for $15 where it's theoretically "free".

weird one to bring up on a friday. anyone have a clue that can help solve this puzzle in comments?

V