Shark Tank LarryI have said this before, but I really hope Larry has his dreams in check. I have been liking the news lately but again we have been waiting since 2019 for JV partner, and yes even Larry (according to his podcasts). However, Larry has stated that he has received several offers that have been not what he feels the company is worth.
This is totally Shark Tank thinking. Yes, your angel investor is going to make money, why else would they do it. 30-50% of something is 1000% better than a 100% of nothing. Larry needs to start thinking like this. If Tesla wants to aquire AMY for 250 shares for 1 Tesla share then make that happen. AMY investors would still make money if Tesla then go up further. It's a win win. It makes investors whole with solid prospects from a Tier one company going forward. Waiting for Tesla to offer 50-1 is unrealistic.
I hope this is taken into accout. I would take the above deal today as opposed to waiting another three years in hopes of a better deal. It's just not practical. AMY needs a huge backer and then investors can sleep with confidence.
As said before, if AMY proceeds alone, it will not be well received and the stock will sink back below a dollar.
Do what is best for your shareholders, not your pride. 3 years waiting is long enough, make the deal.