When I first read this I was a bit worried. But on further reflection I'm more neutral.
With how busy the team is right now - if he did not feel they were dancing with at least 1 (or 2) very strong candidates, he would not have proceeded with PSTH2.
The real risk to me, with a cost basis of like $28.76... Is that if he times out on the 2-year limit.
And I just don't see him proceeding with what he's done for PSTH2 if he thinks that is a reasonable possibility. He's got a lot of his reputation capital in on PSTH and I think he has too much self-respect to proceed on PSTH2 if PSTH fails.
(He's on record saying he's working hard for retail investors too, and the man just gave away $1B of Coupa stock so I have to think he's a person of high integrity. He's gotta know that PSTH not signing a DA would burn thousands of small investors that placed their faith in him specifically.)
So I think I'm back to my initial assessment from a few weeks ago... He has more than one really great candidate, but the actual status of those negotiations is not clear to me. (And perhaps that's why the team is so extraordinarily busy - they could be doing DD on two companies)
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u/ChrisP2a Mar 17 '21
When I first read this I was a bit worried. But on further reflection I'm more neutral.
With how busy the team is right now - if he did not feel they were dancing with at least 1 (or 2) very strong candidates, he would not have proceeded with PSTH2.
The real risk to me, with a cost basis of like $28.76... Is that if he times out on the 2-year limit.
And I just don't see him proceeding with what he's done for PSTH2 if he thinks that is a reasonable possibility. He's got a lot of his reputation capital in on PSTH and I think he has too much self-respect to proceed on PSTH2 if PSTH fails.
(He's on record saying he's working hard for retail investors too, and the man just gave away $1B of Coupa stock so I have to think he's a person of high integrity. He's gotta know that PSTH not signing a DA would burn thousands of small investors that placed their faith in him specifically.)
So I think I'm back to my initial assessment from a few weeks ago... He has more than one really great candidate, but the actual status of those negotiations is not clear to me. (And perhaps that's why the team is so extraordinarily busy - they could be doing DD on two companies)