TSXV:RYU.H - Post by User
Post by
5to10holdon Feb 15, 2018 4:53pm
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Post# 27567769
2012 Forbes Article On Bieber & Update
2012 Forbes Article On Bieber & Update https://www.forbes.com/sites/zackomalleygreenburg/2012/05/16/justin-bieber-venture-capitalist-the-forbes-cover-story/#5f21cd20389c
Thought this may be of interest to some folk. Provides some insight, albeit dated, into how JB approached his previous investments.
Still not clear to me what the true relationship will be between Justin and RYU, specifically in the Global Chief Influencer role context. I asked investor relations and was told it will become more clear in the coming weeks.
Overall, view the strategic investment as a positive. The question now is does Bieber want to try and do what Jordan did for Nike, or is he happy playing a more passive role letting others run with it. Am not going to speculate at this point - but given the level of dilution that has occured over the past year I sure hope it's the former vs the latter. Hopefully patience will be rewarded with additional clarity in the coming weeks.
The valuation as of today does not make any sense. I've always struggled to park my capital in tech stocks for similar reasons. But, there is so much fundamental disconnect in the markets today which is why I am choosing to hold onto this one - mainly out of sheer curiousity of what may happen.
Good luck to everyone still in; hope things turn out in our favour.