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0 pointsguywithahat1y ago0 comments

I mean they still had ~$50 million in cash on hand, plus some teams and prototypes. I certainly wouldn't have invested, but if you have $50 million, the potential to sell more stock, and a prototype there's still a lot you can do.

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michaelt1y ago

If a business has $50 million in cash on hand and no significant liabilities, the business is worth at least $50 million, no doubt.

However that still leaves $29.95 billion of the $30 billion valuation unexplained.

j / k navigate · click thread line to collapse

0 pointsguywithahat1y ago0 comments

0 comments

michaelt1y ago

If a business has $50 million in cash on hand and no significant liabilities, the business is worth at least $50 million, no doubt.

However that still leaves $29.95 billion of the $30 billion valuation unexplained.

j / k navigate · click thread line to collapse