Will they stop tapping the market for funds anytime soon?
I think your dilution calc is way off. You are not factoring in the conversion of LLC Units for Class A shares over time. Dilution based on a fully diluted Class A share count since they listed is ~27%, not ~500%......
Check out https://www.the10thmanbb.com/investment-ideas/cvnanyse.
I think your dilution calc is way off. You are not factoring in the conversion of LLC Units for Class A shares over time. Dilution based on a fully diluted Class A share count since they listed is ~27%, not ~500%......
Check out https://www.the10thmanbb.com/investment-ideas/cvnanyse.