Short $bxbl
Ive been looking at BOXABL which is “a home builder that mass produces foldable, modular homes designed to be affordable and easy to ship, aiming to solve the housing crisis.”
Looking into the business the last month and I believe shorting or buying Puts when it comes out Monday 7/20 is the right move but curious if anyone else has looked into this
Coming out valued at $3.5B (probably should be closer to $500M) with a SPAC merger. High cash burn on an already capital intensive business, minimal revenue.
14 month total lockup period for early investors.
They’ll probably have to raise additional capital adding to the shareholder dilution.
The owner also just seems like a typical business bro shooting fish in a barrel to find his next business venture (prior bitcoin exchange and marijuana farm)
My opinion I think it will perform like a typical SPAC merger and will probably end up being $1-$3
Edit: add more context to company
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