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Isn’t this how it normally works? The earlier investors bought in at a lower valuation so they got more stock for their cash, new investors are buying at a higher valuation so they get less stock. That’s not “dilution”.https://twitter.com/ChrisBloomstran/status/1420155140787560454 …
Gee if only there was some explanation of why investors were willing to pay more for RH stock over the last two years. Something linked to the company fundamentals, maybe. Sadly I cannot think of anything.https://twitter.com/ChrisBloomstran/status/1420155141936852994 …
I wonder if there was anything happening in Jan/Feb 2021 that meant RH needed to raise a lot of cash quickly, leading to attractive terms for investors who could move fast? Hmm, no, I can’t think of anything.https://twitter.com/ChrisBloomstran/status/1420155150325403649 …
I can’t be bothered to read the rest of the thread, obviously a hack job by someone with a chip on their shoulder. Shame, I’ve liked some of Bloomstran’s other stuff!
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