Comments by "John Smith" (@JohnSmith-op7ls) on "Wall Street Millennial"
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It’s not so much a hoax but a scam. These machines can be built, they have some uses, but raising investment as a publicly traded stock this early in, with a tech that has decades of hurdles to overcome would be like if a bunch of fusion power companies hit the stock market 50 years ago, or, today really.
They know they will never have a profitable business off anything they can raise with these IPOs. They’d each need an IPO every 5-6 years worth of invest,net for the next 20+ years just to iron out most of the issues, to say nothing of making a practical, high powered, affordable unit that can be produced at the scale needed to even maybe break even on all that R&D.
But they’re going public anyhow, and all those stocks have crashed and will be penny stocks until they’re bankrupt they might sell any decent IP to a bigger company willing to keep the research going for 20-30 years, maybe.
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