And once they got you to pay $45 for those 199 million shares, they have another 450 million shares ready to go. It's damn hard to do a roadshow and sell 199 million shares $45. They can do that because it's easy to sell 11.9 million shares $45. TSLA is only 24x revenue, and you people can bag hold at 30x revenue. They did not need to pay the banker's IPO fees. They got the series H to do the job of the "offering".
In essence they did the IPO without an IPO.
Granted if they did IPO, stock could be doubled at $30 and then the last few days will take it down to $26. Now, they can bail at $45. They cashed out $45 when it should only be worth $15. They went out to raise Series H $520m for $45 a share or 11.9 million shares.īrilliant! Now they can use the 11.9 million shares to price 652 million shares $45. At that time, 900m revenue for $8bn isn't bad but then they got greedy. Back in Nov, the S1 priced the IPO at $8bn.
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