RE:Saw this post on reddit
first of all, my overall impression of this post is that it is written by a well known short basher that created a reddit account just to write one single post bashing a company who is starting to gain traction. No surprise. More of these guys will come crawling out of their holes in the coming months and years. Even Tesla has guys like this tearing the company apart. His post has zero merit as he is only using worst case scenario conjecture. His numbers on cash burn are so far off it's laughable. Loop is a start up company that spent shareholder money in the beginning to build an incredible product offerings and network that can support 5 Billion users. A network so impressive Amazon Web Services guys spent three whole days there checking everything out. Is this Reddit guy brand new to technology companies? Brand new to startups? It sure sounds like it. The same assanine post was on this very board a few months ago by the same poster talking about competing with Apple and Google blah blah. Loop is so far left of those companies with an entirely different target demographic it's as if Mr Blueskies on Reddit is deliberately trying to sound stupid. Maybe it's a fetish , who knows. But the "DD" that he did is bonderline slander and entirely false. financials haven't even begun to matter yet for fs sake. We only commercialized fully a few months ago. Does this doorknob not understand development funds? Or Building a team or doing case studies? Or spending money to initiate coverage. He claims to be doing people a favor. Anyone with half a brain can see right through his underhanded nonesense. He is all over CEO.ca doing the same garbage. He wants your cheap shares! He put all that into one post about Loop? Ask yourself why? Really what is the motivation if he does not own it? Simple , he is a short . There are thousands of these scumbags all over the markets. Copy this reply and send it to that guy. take care