A pumpkin truck business - sell a call vertical.
A mn goes to market in his new truck hauling pumpkins. When he gets home he discovers he lost $1000 on his initial trip. When asked what the problem is he decides he needs more trucks. Welcome to DASH. December 2020 $2.880 billion in sales and a loss of $409 million. Double the sales at the end of 2021 ans still $441 million in losses.
So where is DASH getting the cash to continue? December 2020 there were 62.4 million shares outstanding. At the end of 2021 there were 336.8 million shares outstanding. To wit the investment bankers sold stock to the institutions. The cash from stock sales goes on the books without a liability. I like to think that the printing press was turned on and boom cash minus fees to the bankers. this is all well and good in a rising stock market environmment where shares are sold and the party goes on. So if I were managing institutional money how good would I feel owning DASH last year at a high of $248? No thank you on another round of funding.
There are 30.10 million shares owned by insiders. This is 8.64% of the total shae count. Ask if they are liking the decline in value and if they are buyers or sellers of the shares.
I sold the call verticals and have been rolling down the strikes whie keeping the number of contracts static. This is a way to rake off cash. I sell the 20 delta and 10 delta call verticals at 45 days and roll out when there is a new lower 20 delta.
Pumpkin trucks don't get down market funding.
all the best
So where is DASH getting the cash to continue? December 2020 there were 62.4 million shares outstanding. At the end of 2021 there were 336.8 million shares outstanding. To wit the investment bankers sold stock to the institutions. The cash from stock sales goes on the books without a liability. I like to think that the printing press was turned on and boom cash minus fees to the bankers. this is all well and good in a rising stock market environmment where shares are sold and the party goes on. So if I were managing institutional money how good would I feel owning DASH last year at a high of $248? No thank you on another round of funding.
There are 30.10 million shares owned by insiders. This is 8.64% of the total shae count. Ask if they are liking the decline in value and if they are buyers or sellers of the shares.
I sold the call verticals and have been rolling down the strikes whie keeping the number of contracts static. This is a way to rake off cash. I sell the 20 delta and 10 delta call verticals at 45 days and roll out when there is a new lower 20 delta.
Pumpkin trucks don't get down market funding.
all the best
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