So far behind the pack.. just insaneThe bullish wave in the sector has increased the EV multiple ratios of almost all LPs significantly, while many are breaking new 52 week highs every week, Supreme's EV multiple has not always been one of the lowest of the bunch, but hasn't even appreciated whatsoever over the course of the last few months.
It's sooo far behind the herd it's not even funny.
If... and when.. this runs, it has ALOT and I really mean ALOT of catching up to do to recieve an equivalent EV multiple to the rest of the pack, not to mention when Q2 comes out.
We better hope that before Q2 ER is released, that a good explanation is released as to the need for the cash and hope it's something well received by the market. Otherwise this in my books is a huge fu.ck up if they didn't need the cash until past Q2 ER as they could have raised the cash with alot less dilusion.
This company's lack of transparancy is what will kill it in the end if they don't change their ways.