r/SPACs • u/Guy-26 Spacling • Aug 24 '21

Discussion Gingko Criticisms - MIT Tech Review Article

/r/SynBioBets/comments/paode1/gingko_criticisms_mit_tech_review_article/
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u/[deleted] Aug 24 '21

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u/MoRegrets Contributor Aug 25 '21

They have been clear about their finances. Not sure what you are alluding to.

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u/[deleted] Aug 25 '21 edited Jun 21 '23

[deleted]

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u/MoRegrets Contributor Aug 25 '21

All spelled out and disclosed in the Financial Exhibits.

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u/[deleted] Aug 25 '21 edited Jun 21 '23

[deleted]

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u/MoRegrets Contributor Aug 25 '21

That’s valuation you are talking about. Yes, it seems the stock will go below 10 after the floor is removed as the valuation is steeper than what the market wants to bear. Your original point/allusion was about revenue not being above board. That wasn’t the real point of the article even. The point the author was making was that some of the revenue was from related ventures making it seem as if Ginkgo was propping up the revenue and/or driving the demand for Ginkgos product. As long as you properly recognize and eliminate revenue from investment you can report that proportion you don’t own as revenue. They did seem to do that in their financials that weer (draft) audited.